The private sector bank which has become the first Indian bank to cross Rs. 5 trillion in market capitalisation at Bombay Stock Exchange (BSE)?

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Bhavin Singh asked 11-Mar-2018 in General Knowledge by Bhavin Singh

The private sector bank which has become the first Indian bank to cross Rs. 5 trillion in market capitalisation at Bombay Stock Exchange (BSE)?


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Biswajeet Bhattacharya answered 01-Sep-2018 by Biswajeet Bhattacharya

The private sector bank which has become the first Indian bank to cross Rs. 5 trillion in market capitalisation at Bombay Stock Exchange (BSE)?

HDFC Bank Limited is a financial services company. HDFC is a private sector bank which has become the first Indian bank to cross Rs 5 trillion in market capitalization at Bombay Stock Exchange (BSE). HDFC Bank thus becomes the third Indian company to achieve this milestone.

The private sector bank which has become the first Indian bank to cross Rs. 5 trillion in market capitalisation at Bombay Stock Exchange (BSE)?

The headquarters of HDFC Bank is at Mumbai, Maharashtra. HDFC Bank also has its presence in other countries as well. HDFC Bank is present in Dubai, Hong Kong and Bahrain. Housing Development Finance Corporation (HDFC) Bank was founded in the year 1994 in the month of August. The Managing Director of HDFC Bank is Aditya Puri. With total assets of ?863,840 crores (US$130 billion) as of 2017, HDFC Bank is India’s largest private sector lender. As of February 2016, HDFC Bank is the largest bank in India by market capitalization. In the Brandz Top 100 Most Valuable Global Brands, HDFC Bank is ranked 69th for the year 2016

The private sector bank which has become the first Indian bank to cross Rs. 5 trillion in market capitalisation at Bombay Stock Exchange (BSE)?

Being in the financial services industry, HDFC Bank provides various products for its customers. The products offered by HDFC Bank are personal loans, wholesale banking, retail banking, private banking, wealth management, private equity, investment banking, mortgage loans, finance and insurance, corporate banking, credit cards, consumer banking. As of 2017, the total revenue of HDFC Bank is ?81,602 crores (US$12 billion). As of 31st March 2018, the total employees in HDFC bank is 88,253. The operating income of HDFC Bank as of 2017 is ?25,732 crores (US$3.7 billion). The net income of HDFC Bank as of 2017 is ?14,550 crores (US$2.1 billion). As of 30th June 2017, the distribution network of HDFC Bank lies at 4,715 branches and 12,260 ATMs across 2,657 cities and towns in India. HDFC bank has issued more than 80 lacs of credit cards and more than 230 lacs of debit cards in the FY 2017.    

The private sector bank which has become the first Indian bank to cross Rs. 5 trillion in market capitalisation at Bombay Stock Exchange (BSE)?