HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024. As of April 2024, HDFC Bank has a market capitalization of $145 billion, making it the third-largest company on the Indian stock exchanges.
The bank has established itself as a dominant force in the Indian banking sector, offering comprehensive financial services ranging from retail banking and corporate banking to treasury operations and financial markets. HDFC Bank has built a reputation for consistent growth, robust risk management practices, and innovative digital banking solutions that have helped it maintain its leadership position in the competitive Indian banking landscape.
The company is India's one of 3 systemically important banks with a 15% market share in the banking sector's advances and a 37% market share in the private sector banks' advances as of FY24. It is also the second-largest bank in India. It is a market leader in almost every asset category.
As of March 31, 2024, the Bank's distribution network was at 8,738 branches and 20,938 ATMs across 4,065 cities / towns as against 7,821 branches and 19,727 ATMs across 3,811 cities / towns as of March 31, 2023. 52% of our branches are in semi-urban and rural areas. In addition, we have 15,182 business correspondents, which are primarily manned by Common Service Centres (CSC). The number of employees were at 2,13,527 as of March 31, 2024 (as against 1,73,222 as of March 31, 2023).
HDFC Bank reported a net profit of ₹ 17,616 crore, marking a year-on-year (YoY) growth of 6.7% for the fourth quarter of FY25. The bank's net interest income (NII) also saw a substantial increase of 10.3% YoY, reaching ₹ 32,070 crore. The net interest margin (NIM) stood at 3.54% on total assets and 3.73% based on interest-earning assets.
- Revenue: 3,36,367 Cr
- Profit: 73,440 Cr
- Net interest income (interest earned less interest expended) for the quarter ended March 31, 2024 grew by 24.5% to ₹ 290.8 billion from ₹ 233.5 billion for the quarter ended March 31, 2023.
The bank has demonstrated strong operational performance with consistent growth in advances and deposits. HDFC Bank reports June 2025 quarter advances ₹27.42T, deposits ₹26.58T, showing 8.3% and 16.4% YoY growth respectively.
HDFC Bank's asset quality showed sequential improvement, with gross non-performing assets (GNPAs) at 1.33% as of March 31, 2025, down from 1.42% in the December 2024 quarter, although higher than the 1.24% from the previous year. Net non-performing assets were at 0.33% of net advances as on March 31, 2024.
The bank maintains strong capital adequacy ratios, reflecting its robust financial health and compliance with regulatory requirements. This conservative approach to risk management has enabled HDFC Bank to maintain stable asset quality even during challenging economic conditions.
HDFC Bank operates through several key subsidiaries that contribute significantly to its overall performance:
**HDB Financial Services Ltd:** HDB Financial Services Ltd (HDBFSL), in which the Bank holds an 94.6% stake, is a non-deposit taking NBFC offering wide a range of loans and asset finance products. The total loan book was ₹ 902 billion as on March 31, 2024 compared to ₹ 700 billion as on March 31, 2023, a growth of 28.8%. HDFC Bank sold 13.51 crore HDBFS shares in IPO at Rs.740, netting Rs.9814.5 crore; stake now 74.19%.
**HDFC Life Insurance:** For the quarter ended March 31, 2024, HDFC Life's total premium income was at ₹ 209.4 billion as against ₹ 196.3 billion for the quarter ended March 31, 2023, a growth of 6.7%. Profit after tax for the year ended March 31, 2024 was ₹ 15.7 billion compared to ₹ 13.6 billion for the year ended March 31, 2023.
**HDFC Asset Management Company:** For the quarter ended March 31, 2024, HDFC AMC's Quarterly Average Assets Under Management were approximately ₹ 6,129 billion, a growth of 36.3% over the quarter ended March 31, 2023. Profit after tax for the year ended March 31, 2024 was ₹ 19.5 billion compared to ₹ 14.2 billion for the year ended March 31, 2023.
HDFC Bank has a market capitalization of ₹ 15,25,378 crore (up 20.7% in 1 year). At the opening bell on Monday, 21st April 2025, the share price surged over 2% to reach a new all-time high on the BSE, touching ₹ 1,950.
The bank is widely held and forms part of major indices including BSE Sensex, Nifty 50, and various sectoral indices, making it a core holding for many institutional and retail investors. Its consistent financial performance and strong market position have made it one of the most valuable banking stocks in India.
HDFC Bank continues to focus on digital transformation, expanding its customer base, and maintaining its leadership position in the Indian banking sector while exploring new growth opportunities in emerging financial services segments.
