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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
HDFC held 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank were wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]
Industrial and Commercial Bank of China, the world’s largest bank by total assets. ... HDFC Bank: 464.34 75 Bank of Jiangsu: 457.25 76 Hana Financial Group: 456.47 77
The Bank was incorporated on 6 July 1994 by the Bennett, Coleman & Co. Ltd. and the Certificate of Commencement of Business was obtained on 22 August 1994. [4] The Bank opened its first branch on D. N. Road, Mumbai, on 8 June 1995. [5] In the year 2000, the bank was merged with the Indian private bank HDFC Bank. [6]
The combined bank took as its name Centurion Bank of Punjab. Bank of Punjab also had been founded in 1994. Bank of Punjab also had been founded in 1994. In 2007, Centurion Bank of Punjab acquired Thrissur -based Lord Krishna Bank , and soon it was acquired by HDFC Bank , which was also incidentally begun in 1994.
As of December 2024, State Bank of India has a market cap of ₹7.69 Trillion. This makes it the world's 200th most valuable company by market cap. The Reserve Bank of India (RBI) has identified SBI, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs), which are often referred to as banks that are "too big to fail". [20 ...
Loan-to-deposit ratio, in short LTD ratio or LDR, is a ratio between the banks total loans and total deposits.The ratio is generally expressed in percentage terms If the ratio is lower than one, the bank relied on its own deposits to make loans to its customers, without any outside borrowing.
HDFC Bank, an Indian financial services company; HDFC Life, a joint venture of Housing Development Finance Corporation and Standard Life plc; HDFC Bank of Sri Lanka, a Sri Lankan specialised housing bank; Housing Development Fund Corporation, a special type of limited equity housing cooperative in New York City