Quick Answer: Who Is The Owner Of HDFC Bank?

Is HDFC a foreign bank?

As the direct and indirect foreign holdings in ICICI Bank and HDFC are around 67% and 73% respectively, they will be not be treated as Indian institutions.

As HDFC Ltd is no more an Indian institution, its holding of 23.7% in HDFC bank will also be treated as foreign holding..

Is HDFC a private bank?

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. … HDFC Bank is India’s largest private sector bank by assets. It is the largest bank in India by market capitalisation as of March 2020.

Is HDFC Bank a good buy?

Yes, HDFC bank stock is trading at very good valuation plus risk and reward is favorable. … For long term HDFC is anyday a good investment.

Who is founder of HDFC Bank?

Hasmukhbhai ParekhHDFC Bank/Founders

Who is the chairman of HDFC Bank?

chairman Deepak ParekhHDFC chairman Deepak Parekh: Latest News & Videos, Photos about HDFC chairman Deepak Parekh | The Economic Times.

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Is there HDFC Bank in USA?

Contact No. 14240-0688, U.s.a.

Is HDFC Bank in financial trouble?

HDFC Bank stands out in India’s struggling financial sector. Its gross bad loan ratio has held steady at around 1.4%, while rivals have been forced to caution by growing stress among once-reputed companies, developers and shadow lenders.

Who are the promoters of HDFC Bank?

HDFC was promoted by the Industrial Credit and Investment Corporation of India (ICICI). Hasmukhbhai Parekh played a key role in the foundation of this company. In 2000, HDFC Asset Management Company launched its mutual fund schemes.

Is HDFC Bank Safe?

HDFC Bank constantly updates its security features to make sure your banking experience is safe and secure at all times. All the banking systems are secured using cutting edge security arrangements, for example firewalls, intrusion detection systems, intrusion prevention systems, and anti-malware.

What does HDFC stand for?

Housing Development Fund CorporationWelcome to the world of what is known in real estate as the H.D.F.C., or Housing Development Fund Corporation — a form of co-op housing intended for low-income New Yorkers. The bulk of these income-restricted co-ops came into being after thousands of derelict apartments were seized by the city in the late ’70s.

Which bank is safest in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Which is the richest bank in India?

Lets us have a look at the Top 10 Largest Banks in India.HDFC Bank.State Bank of India.ICICI Bank.Axis Bank.Kotak Mahindra Bank.IndusInd Bank.Yes Bank.Punjab National Bank.More items…•

Which bank is better SBI or HDFC?

HDFC Bank has always been one of the most premium valued banks in India. The stock trades as high as three to four times the book value. SBI, on the other hand, has had a value range of one or two-time book value at best….BankMarket capitalisation as of May 4State Bank of India₹1.6 lakh croreHDFC Bank₹5 lakh croreMay 5, 2020