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HDFC Bank Limited. HDFC Bank Limited (also known as HDFC) is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. [ 9][ 10][ 11] The Reserve Bank of India (RBI) has identified the HDFC Bank, State ...
Still, investors have been wary about the deal. HDFC Bank’s shares have dipped about 1.5% in the year since the merger, while the Nifty 50, which tracks India’s 50 largest companies, has risen ...
₹ 15,702 crore (US$1.9 billion) [31] HDFC Bank: 1994: ... There are 43 regional rural banks in India as of 1 November 2020. State Bank name Established Headquarters
NIFTY 50. The NIFTY 50 is a benchmark Indian stock market index that represents the 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 NSE Strategic Investment Corporation Limited. [ 3][ 4] NSE Indices had ...
HDFC holds 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [23] The key business areas of HDFC Bank are 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. [24]
In June 2024, it has filed its DRHP with Securities and Exchange Board of India for a ₹ 7,000 crore (US$840 million) initial public offering, [27] including a ₹ 4,000 crore (US$480 million) crore fresh share sale [28] and a ₹ 3,000 crore (US$360 million) offer-for-sale by parent company, Bajaj Finance.
Hasmukh Thakordas Parekh (10 March 1911 – 18 November 1994) was an Indian financial entrepreneur, writer and philanthropist. He played a role in the development of Industrial Credit & Investment Corporation of India, now ICICI Bank, founded the Housing Development Finance Corporation, and in 1992 was awarded the Padma Bhushan for his contribution to the finance industry in India. [2]
The National Bank for Agriculture and Rural Development ( NABARD) is an All India Financial Institution (AIFI) [ 4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [ 5] It was established under the NABARD Act 1981 passed by the Parliament of ...