HDFC Bank has lost Rs 1.45 lakh crore in market value in the last two days alone. Bank Ki's equity stake is 11 percent have seen a decline.
Why did HDFC Bank crash today?
Recently, HDFC Bank's December quarter results, which came out, did not satisfy the investors, and the bank's shares started to fall the day before yesterday.
This decline continued yesterday. Because of this, the bank's shares fell 3.26 percent to Rs 1,487 on the Mumbai Stock Exchange yesterday; The National Stock Exchange fell 3.09 percent to Rs 1,490.
The bank's shares have fallen by 11.44 percent in the last two days alone. In the last two days alone, the bank has lost Rs 1.45 lakh crore in its market value.
At the end of trading hours yesterday, the bank's market capitalization stood at Rs 11.29 lakh crore.
On the one hand, HDFC on the other hand is the eighth largest banking institution with the highest number of employees.
HDFC has more than 2 lakh employees
HDFC Bank has achieved the status of eighth largest company in the country with two lakh employees. The country's largest private bank H. The DFC, in its bid to expand and curb program attrition rates, has been aggressively recruiting more people over the past year.
As a result, in the last December quarter, the bank's employee strength crossed the two lakh mark. It is also reported that the total number of employees in the bank has almost doubled in four and a half years
While there were seven institutions with two lakh employees in the country, now HDFC Bank has joined as the eighth. Regarding this, HDFC Bank Chief Financial Officer Srinivasan Vaidyanathan said:
In the last December quarter, the number of employees of the bank increased by 5.1 percent i.e. 10,167 persons and stood at 2.08 lakhs. Barring the September quarter, the bank saw its highest growth in the last one year.
Companies with more employees
(As on December 2023)
TCS..6.03
Reliance..3.89
Infosys...3.22
Wipro...2.40
Goal India”...2.39
SBI...2.35
HCL,Tech...2.24
HDFC, ...2.08
Number of employees in lakhs
As of March 2023