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HDFC Bank breaks into $100 billion market-cap club as world’s 7th largest lender

HDFC Bank, India’s largest private lender, has achieved a significant milestone by entering the $100 billion market-capitalization club. This accomplishment came after its reverse merger with its parent company, HDFC Ltd. Despite this achievement, the bank currently ranks third on the Indian stock exchanges, trailing behind Reliance Industries (RIL) and Tata Consultancy Services (TCS).

Indian Bourses Ranking

On the Indian bourses, HDFC Bank sits on the third position with a market cap of ₹12.43 lakh crore. However, it lags behind RIL, with a market cap of over ₹18.85 lakh crore, and TCS, with a market cap of around ₹12.94 lakh crore.

Global Standing

With a market value of over $151 billion, HDFC Bank now holds the position of the world’s seventh-largest lender. It has surpassed prestigious global financial institutions such as Morgan Stanley, Goldman Sachs, and Bank of China, as per data from companiesmarketcap.com.

Comparative Market Capitalization of Leading Banks

The table below showcases the market capitalization of the top global banks, highlighting HDFC Bank’s position as the seventh-largest lender in the world.

Rank Bank Market Capitalization (Approx.)
1 JPMorgan Higher than $151 billion
2 Bank of America Higher than $151 billion
3 China’s ICBC Higher than $151 billion
4 Agricultural Bank of China Higher than $151 billion
5 Wells Fargo Higher than $151 billion
6 HSBC Higher than $151 billion
7 HDFC Bank (India) $151 billion

Note: Market capitalization figures for JPMorgan, Bank of America, China’s ICBC, Agricultural Bank of China, Wells Fargo, and HSBC are higher than $151 billion.

The data from companiesmarketcap.com positions HDFC Bank just behind the six largest banks in the world, reflecting its strong growth and standing in the global financial landscape.

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HDFC Bank breaks into $100 billion market-cap club as world's 7th largest lender_40.1

HDFC Bank breaks into $100 billion market-cap club as world's 7th largest lender_50.1