HDFC Bank, is the seventh largest bank in the world by market capitalization as of July 17, 2023. Its market capitalization is currently at $154 billion, or Rs 12.66 lakh crore. It surpassed Morgan Stanley and Bank of China to become the seventh largest bank in the world.
What is the rank of HDFC Bank in world level
The merger of HDFC Bank and HDFC in April 2023 helped the bank to achieve this feat. The merger created a financial behemoth with a market capitalization of over $172 billion, making it the fourth largest bank in the world by market capitalization.
HDFC Bank is a leading private sector bank in India. It is headquartered in Mumbai and has a presence in over 2,500 cities and towns across India. The bank offers a wide range of banking products and services to its customers, including savings accounts, current accounts, loans, investments, and insurance.
HDFC Bank is a well-managed and profitable bank. It has a strong track record of growth and has been consistently rated as one of the best banks in India. The bank is also well-diversified and has a strong presence in both the retail and wholesale banking segments.
The merger of HDFC Bank and HDFC is a positive development for the Indian banking sector.
It will create a stronger and more diversified bank that is better positioned to meet the needs of its customers. It will also help to consolidate the Indian banking sector and make it more competitive.
Comments
Post a Comment
Like this 22k jewelers blog?