HDFC BANK - RIDING HIGH ON THE MERGER WAVE

The Indian banking sector is on the rise due to strong economic growth, increased disposable incomes, growing consumerism, and easier credit access. Under these conditions, HDFC Bank continues to post an impressive growth curve though beset by some challenges too

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HDFC Bank Limited, headquartered in Mumbai, stands as India’s largest private sector bank in terms of assets and ranks as the fourth-largest globally by market capitalisation, as of July 2023. This significant stature was achieved through its acquisition of the parent company

HDFC, solidifying its market capitalisation at USD 172 billion and placing it as the 16th largest employer in India, with an employee count nearing 1.73 lakhs. Diverse in its offerings, HDFC Bank provides a comprehensive range of financial products and services encompassing wholesale banking, retail banking, treasury operations, and lending options like automobile loans, personal loans and credit cards.

Within its wholesale banking sphere, HDFC Bank caters to an extensive clientele comprising large corporates, multinational corporations, public sector enterprises, emerging corporates, and SMEs. It offers a suite of services including loans, deposits, project finance, trade credit, and investment banking services, among others. On the retail front, HDFC Bank tailors its products and services to suit the needs of individuals, salaried professionals, small businesses, SHGs and NRIs.