RESEARCH REPORT ON HDFC BANK LIMITED
HDFC Bank Limited is a financial services conglomerate that offers a full suite of financial services, from banking to insurance, and mutual funds through its subsidiaries. The Bank caters to a range of banking services covering commercial and investment banking and transactional/branch banking. Its Treasury segment includes net interest earnings from its investment portfolio, money market borrowing and lending, gains or losses on investment operations and on account of trading in foreign exchange and derivative contracts. The Retail Banking segment includes Digital Banking, and Other retail banking. The Wholesale Banking segment provides loans, non-fund facilities and transaction services to large corporates, public sector units, government bodies, financial institutions and medium scale enterprises. Its subsidiaries include HDFC Securities Ltd., HDB Financial Services Ltd., HDFC Asset Management Co. Ltd, and HDFC ERGO General Insurance Co. Ltd.
COMPANY PROFILE
HDFC Bank Limited | |
Type | Public |
Traded as | · NSE: HDFCBANK |
ISIN | INE040A01034 |
Industry | Financial services |
Founded | August 1994 (29 years ago) (via the merger between HDFC-HDFC bank) |
Headquarters | Mumbai, Maharashtra, India |
Area served | India |
Key people | · Atanu Chakraborty (Chairman) · Sashidhar Jagdishan |
Products | · Credit cards |
Revenue | ₹2.05 lakh crore (US$26 billion) (2023) |
Operating income | ₹61,498.39 crore (US$7.7 billion) (2023) |
Net income | ₹45,997.11 crore (US$5.8 billion) (2023) |
Total assets | ₹25.3 lakh crore (US$320 billion) (2023) |
Total equity | ₹2.85 lakh crore (US$36 billion) (2023) |
Number of employees | 1,77,000 (1 July 2023) |
Subsidiaries | HDFC Life HDFC ERGO HDFC Securities HDFC Asset Management Company HDFC Mutual Fund HDB Financial Services HDFC Credila Financial Services Limited |
Website | www.hdfcbank.com |
TECHNICAL ANALYSIS
BUY HDFC BANK ABOVE 1551 TGT 1650, 1750 SL 1450 (1-3 MONTH)
RATIO ANALYSIS
Disclaimer: This research report is prepared by Shyam Advisory Limited, while making this report we have taken data from available sources and there may be errors in the data shown. We do not guarantee the accuracy of data and recommendation given in this report. Recommendation is for information purpose only. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the Intermediary or provides any assurance of returns to investors.
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