Quick Answer: How Strong Is HDFC Bank?

Is HDFC Bank Safe?

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Who is the CEO of HDFC Bank 2020?

Sashidhar JagdishanMr Puri retired from HDFC Bank at the end of business hours on October 26, upon reaching 70 years of age, in accordance with the tenure approved by the Reserve Bank of India. “Mr. Sashidhar Jagdishan shall take charge as the Managing Director and Chief Executive Officer of the bank with effect from October 27, 2020.

Is HDFC Chinese bank?

China’s central bank sold some or all of its stake in India’s largest mortgage lender Housing Development Finance Corp Ltd (HDFC) in the June quarter, stock exchange filings show.

What is the salary of Aditya Puri?

In 2018-19 fiscal, his gross salary was Rs 13.65 crore. HDFC Bank Managing Director Aditya Puri has emerged as the highest paid banker among the top executives of leading lenders for FY2019-20, with his salary and prerequisites jumping to Rs 18.92 crore.

Is HDFC Bank strong?

“HDFC Bank’s strong risk-adjusted NIMs, healthy non-interest streams, one of the best cost-efficiency ratios in the industry, strong non-specific provisions buffer and reasonably high levels of capital should keep the return metrics in good stead,” JM Financial said.

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 is the richest bank in India?

Here is the list of top 6 biggest public sector banks (PSBs) in India in 2019 in terms of market capitalization.HDFC Bank Ltd. … State Bank of India (SBI) … ICICI Bank Ltd. … Kotak Mahindra Bank Ltd. … Axis Bank Ltd. … IndusInd Bank Ltd.

Is HDFC Bank a government bank?

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.

Why is HDFC stock falling?

MUMBAI: Shares of HDFC Bank fell by as much as 2.74% on Tuesday after it launched a probe into its auto lending practices following allegations against the conduct of a long-time executive who retired on March 31 this year.

Is HDFC a good buy?

Speaking on the immediate short-term time horizon on HDFC Bank share price; Rohit Singre, Senior Technical Research Analyst at LKP Securities said, “HDFC Bank has strong support at Rs 1,050 per stock levels and one can buy the HDFC Bank share at current levels for the target or Rs 1,150 in one month time horizon.”

How safe is HDFC Bank in India?

1) HDFC Bank If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. At over Rs 11 lakh crore market capitalisation, it tops the chart, even if its assets are just a fifth of the largest Bank in the country.

Which private bank is best?

Housing Development Finance Corporation Limited, popularly known as HDFC Bank, ranks number 1 among the list of best private banks in India….HDFC Bank. … ICICI Bank. … Axis Bank. … Kotak Mahindra Bank. … Yes Bank. … Federal Bank. … IndusInd Bank. … RBL Bank.More items…•

Which is the 2nd largest bank in India?

1) Oriental Bank of Commerce (OBC) and United Bank of India will be merged into Punjab National Bank (PNB). After the merger, these together will form the second-largest public sector bank in the country, after State Bank of India (SBI).

Who is owner of HDFC Bank?

Housing Development Finance CorporationHDFC Bank/Parent organizations

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.