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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]
HDFC Bank Banking 11.29 4 ICICI Bank Banking 6.54 5 Hindustan Unilever (HUL) Consumer Goods 5.81 6 Infosys Information Technology 5.70 7 ITC Consumer Goods 5.43 8 Bharti Airtel Telecommunications 5.25 9 State Bank of India (SBI) Banking 5.18 10 Bajaj Finance Financial Services 4.46
State Bank of India: Mumbai 71.8 8.1 807.4 87.6 Banking 3 65 HDFC Bank: Mumbai 49.3 7.7 483.2 133.6 Banking 4 70 Life Insurance Corporation: New Delhi 98.0 4.9 561.4 73.6 Insurance 5 142 ICICI Bank: Mumbai 28.5 5.3 283.5 95.3 Banking 6 207 Oil and Natural Gas Corporation: New Delhi 77.5 5.1 80.6 41.9 Oil and gas 7 259 Indian Oil Corporation ...
The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. [1] [2] Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the National Stock Exchange of India.
Despite these regulations, market operators exploit loopholes to gain an edge, necessitating continuous vigilance and regulatory updates. Market operators in India often use the "pump and dump" strategy, despite strict regulations against such practices. The "pump and dump" scheme involves artificially inflating the price of a stock (pump ...
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai. It is the largest bank in India [10] with a 23% market share by assets and a 25% share of the total loan and deposits market. [11] It is also the tenth largest employer in India with nearly 250,000 employees.
The following list sorts countries by the total market capitalization of all domestic companies [clarification needed] listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. [1]