HDFC Bank: Difference between revisions

| key_people = {{ubl|[[Atanu Chakraborty]] <br /> ({{small|Chairman}})<ref>{{cite news|url=https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece|title=RBI approves appointment of Atanu Chakraborty as part-time chairman of HDFC Bank|publisher=thehindu.com|access-date=22 April 2021|archive-date=23 April 2021|archive-url=https://web.archive.org/web/20210423060640/https://www.thehindu.com/business/Industry/rbi-approves-appointment-of-atanu-chakraborty-as-part-time-chairman-of-hdfc-bank/article34390586.ece|url-status=live}}</ref>| Sashidhar Jagdishan<br />({{small|[[Chief executive officer|CEO]])}}}}

| ISIN = {{ISIN|sl=n|pl=y|INE040A01034}}

| operating_income = {{Increase}} {{INRConvert|68798|c}}<ref name=pnl/>

| income_year = 2022

| net_income = {{Increase}} {{INRConvert|38151|c}}<ref name=pnl/>

| num_employees = 1,66,890 (Dec 2022)<ref name=arep>{{Cite web|publisher=HDFC Bank|title=HDFC Bank Financial results for quarter ended on 31 December 2022 |url=https://www.hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=/Footer/About%20Us/Investor%20Relation/Detail%20PAges/financial%20results/Press_Release_December_2022.pdf |access-date=2023-03-11}}</ref>

'''HDFC Bank Limited (also known as HDB)''' is an Indian banking and financial services company headquartered in [[Mumbai]]. It is India's largest private sector bank by assets and world's 10th largest bank by market capitalisation {{As of|2021|4|lc=y}}.<ref>{{Cite web|url=http://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html|title=HDFC Bank most valuable brand in India: WPP study|date=10 September 2015|website=Livemint|publisher=Livemint|access-date=7 January 2016|archive-date=28 November 2019|archive-url=https://web.archive.org/web/20191128145140/https://www.livemint.com/Companies/zGj86RBk393NGlakNGPfAP/HDFC-Bank-most-valuable-brand-in-India.html|url-status=live}}</ref> It is the third largest company by market capitalisation of $127.16 billion on the Indian stock exchanges.<ref>{{Cite web|url=http://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|title=Largest bank by Market capitalization|website=MoneyControl|publisher=MoneyControl|access-date=1 October 2014|archive-date=6 June 2021|archive-url=https://web.archive.org/web/20210606043759/https://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/banks-private-sector.html|url-status=live}}</ref> It is also the [[List of largest employers in India|fifteenth largest employer in India]] with nearly 150,000 employees.<ref>{{Cite web|url=https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees|title=HDFC Bank: Number of Employees 2006-2021 &#124; HDB|website=macrotrends.net|access-date=22 May 2021|archive-date=22 May 2021|archive-url=https://web.archive.org/web/20210522071805/https://www.macrotrends.net/stocks/charts/HDB/hdfc-bank/number-of-employees|url-status=live}}</ref>

{{As of|2022|6|30}}, the bank's distribution network was at 6,378 branches across 3,203 cities. It has installed 430,000 [[Payment terminal|POS]] terminals and issued 23,570,000 debit cards and 12&nbsp;million credit cards in FY 2017.<ref name="HDFC Bank">{{cite web|url=https://www.hdfcbank.com/htdocs/common/pdf/corporate/Annual_Report_2016_17.pdf|title=HDFC Bank 2017|access-date=1 December 2017|archive-date=1 December 2017|archive-url=https://web.archive.org/web/20171201232843/https://www.hdfcbank.com/htdocs/common/pdf/corporate/Annual_Report_2016_17.pdf|url-status=live}}</ref> It has a base of 1,52,511 permanent employees as of 30 June 2022.<ref>{{Cite web|url=http://www.hdfcbank.com/|title=HDFC Bank|website=HDFC Bank|publisher=HDFC Bank|access-date=20 January 2007|archive-date=21 January 2007|archive-url=https://web.archive.org/web/20070121204220/http://hdfcbank.com/|url-status=live}}</ref>

On April 4, 2022, HDFC Bank announced merger with [[Housing Development Finance Corporation|HDFC]] Limited.<ref>{{Cite news|url=https://timesofindia.indiatimes.com/business/india-business/hdfc-to-merge-with-hdfc-bank-in-indias-biggest-ever-ma/articleshow/90651390.cms|title = HDFC HDFC Bank Merger: HDFC to merge with HDFC Bank in India's biggest-ever M&A &#124; India Business News - Times of India|website = [[The Times of India]]| date=5 April 2022 }}</ref>

In March 2020, [[Housing Development Finance Corporation]], parent company of HDFC Bank, made an investment of ₹1,000 crores in [[Yes Bank]].<ref>{{Cite web|date=16 March 2020|title=HDFC to hold 7.97% stake in Yes Bank after infusing ₹1,00,000 crore|url=https://www.livemint.com/companies/news/hdfc-to-hold-7-97-stake-in-yes-bank-for-rs-1-000-crore-infusion-11584367566618.html|access-date=8 December 2020|website=mint|language=en|archive-date=20 October 2020|archive-url=https://web.archive.org/web/20201020211545/https://www.livemint.com/companies/news/hdfc-to-hold-7-97-stake-in-yes-bank-for-rs-1-000-crore-infusion-11584367566618.html|url-status=live}}</ref> As per the scheme of reconstruction of Yes Bank, 75% of the total investment by the corporation would be locked in for three years. On 14 March, Yes Bank allotted 100 crore shares of the face value of ₹2 each for consideration of ₹10 per share (including ₹8 premium) to the Corporation aggregating to 7.97 percent of the post issue equity share capital of Yes bank.<ref>{{Cite news|title=HDFC to hold 7.97% stake in YES Bank after Rs 1,000 crore infusion|work=The Economic Times|url=https://economictimes.indiatimes.com/markets/stocks/news/hdfc-to-hold-7-97-stake-in-yes-bank-after-rs-1000-crore-infusion/articleshow/74658102.cms|access-date=8 December 2020|archive-date=2 March 2021|archive-url=https://web.archive.org/web/20210302042015/https://economictimes.indiatimes.com/markets/stocks/news/hdfc-to-hold-7-97-stake-in-yes-bank-after-rs-1000-crore-infusion/articleshow/74658102.cms|url-status=live}}</ref>

Its [[global depository receipt]]s (GDRs) was listed on the [[Luxembourg Stock Exchange]]{{citation needed|date=February 2022}} but was terminated by board of directors following its low trading [[Volume (finance)|volume]].<ref>{{Cite news|title=HDFC Bank terminates, de-lists GDRs from Luxembourg Stock Exchange|work=The hindu Business line|location=New Delhi|publication-place=New delhi|publication-date=July 16, 2019|url=https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-terminates-de-lists-its-gdrs-from-luxembourg-stock-exchange/article28468674.ece|access-date=22 October 2021|archive-date=22 October 2021|archive-url=https://web.archive.org/web/20211022110810/https://www.thehindubusinessline.com/markets/stock-markets/hdfc-bank-terminates-de-lists-its-gdrs-from-luxembourg-stock-exchange/article28468674.ece|url-status=live}}</ref>

! Shareholders ({{As of|2021|9|30|lc=y}})<ref>{{Cite web|title=Shareholding pattern|url=https://www.hdfcbank.com/personal/about-us/stakeholders-information/shareholding-ownership|url-status=live|website=Hdfc bank|access-date=22 October 2021|archive-date=22 October 2021|archive-url=https://web.archive.org/web/20211022112315/https://www.hdfcbank.com/personal/about-us/stakeholders-information/shareholding-ownership}}</ref> !! Shareholding{{citation needed|date=February 2022}}

Parivartan is an umbrella term for all of the [[corporate social responsibility]] initiatives by HDFC Bank.

 

*[[KPMG]] study of India's Best Banks, Bank of the year & best [[digital banking]] initiative award 2016<ref>{{Cite web|title=Bank of the Year/ Digital Bank: HDFC BANK|url=http://www.businesstoday.in/best-banks/2015/|access-date=1 March 2016|website=Business Today|archive-date=2 March 2016|archive-url=https://web.archive.org/web/20160302113251/http://www.businesstoday.in/best-banks/2015/|url-status=live}}</ref>

*[[National Payments Corporation of India|NPCI]] - National Payments Excellence Awards{{Citation needed|date=January 2022}}

*Best Bank in India: Euromoney Awards<ref>{{Cite web|publisher=HDFC Bank|title=Press Release|url=https://www.hdfcbank.com/personal/about-us/news-room/press-release|website=hdfcbank.com|access-date=8 December 2020|archive-date=23 December 2020|archive-url=https://web.archive.org/web/20201223160508/https://www.hdfcbank.com/personal/about-us/news-room/press-release|url-status=live}}</ref>

*Best bank in india:[[Euromoney#The Euromoney Awards for Excellence|The Euromoney Awards for Excellence{{Citation needed|date=January 2022}}]]

*Ranks No. 1 in Mass Affluent category:[[Euromoney#Euromoney Private Banking and Wealth Management Survey|Euromoney Private Banking and Wealth Management Survey]]<ref>{{Cite web|title=HDFC Bank awards|url=https://www.hdfcbank.com/personal/about-us/overview/awards|url-status=live|website=HDFC bank|access-date=23 October 2021|archive-date=23 October 2021|archive-url=https://web.archive.org/web/20211023051044/https://www.hdfcbank.com/personal/about-us/overview/awards}}</ref>

*On 12 January 2022 HDFC BANK has been adjudged ' Best Private Bank in India' at the Global Private Banking Awards 2021, Organised by Professional Wealth Management (PWM)