HDFC Bank limitedengages in providing banking and financial services, including commercial banking and treasury operations with a market capital of Rs 587190.43 Crore.
HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995.
HDFC Bank was founded by Aditya TapishwarPuri and is headquartered in Mumbai, India.The Chairman of HDFC is Ms. Shyamala Gopinath, Managing Director is Mr. Aditya Puri& Secretary is Mr. Santosh Haldankar.
HDFC Bank is one of India’s leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank.
HDFC Bank was the first bank in India to launch an International Debit Card in association with VISA (VISA Electron)
HDFC Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 77544.19 Crore to Sales Value (78.34 % of Total Sales), Income From Investment which contributed Rs 19997.46 Crore to Sales Value (20.20 % of Total Sales) and Interest which contributed Rs 794.70 Crore to Sales Value (0.80 % of Total Sales)for the year ending 31-Mar-2019.
For the quarter ended 31-12-2019, the company has reported a Consolidated Interest Income of Rs 25265.90 Crore, up 3.83 % from last quarter Interest Income of Rs 24333.99 Crore and up 15.42 % from last year same quarter Interest Income of Rs 21889.70 Crore. The bank has reported net profit after tax of Rs 7659.96 Crore in latest quarter.
For the year ending March 2019 HDFC Bank has declared an equity dividend of 750.00% amounting to Rs 15 per share. At current, a share is priced Rs 881.25.
As per “Financial Trend” the HDFC’s rating is “Positive +11”HDFC Bank reported Positive Financial performance in Dec-19. The score has fallen to 11 from 13 in the last 3 months(Financial Trend is the latest financial score of the company using over 200 parameters including quarterly results, P&L, balance sheet, cash flow and shareholding pattern).
If you find any mistake please contact the firstname.lastname@example.org. This article is general in nature. It does not constitute a recommendation to buy and sell any stock, and does not take account of your objectives, or your financial situation. Largecapindia has no position in the stocks mentioned. Largecapindia aim to bring you long term focused research analysis driven by fundamental thanks you.
For More Info : https://www.largecapindia.com