Categories: Banking

HDFC Bank to be among global top 10 banks after merger

According to Times of India report, HDFC Bank will be among the world’s top 10 most valuable banks after its merger with the parent, mortgage lender Housing Development Finance Corporation (HDFC), at the current valuations and will also be the first Indian bank to make it to the Top 10 club. The combined market cap of HDFC Bank and HDFC would be around USD 160 billion.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

Key points:

HDFC Bank is worth more than DBS Group and UBS (both valued at around $58 billion). The country’s largest lender State Bank of India ($57 billion) is at number 32 ahead of BNP Paribas ($55 billion) in terms of valuation.
HDFC Bank is a systemically important bank in India along with SBI and ICICI Bank.
Recently in April, RBI approved HDFC Bank’s proposed merger with parent and mortgage lender Housing Development Finance Corp Ltd (HDFC).

Important takeaways for all competitive exams:

HDFC Bank Ltd MD & CEO: Sashidhar Jagdishan;
HDFC Bank Ltd Establishment: 1994;
HDFC Bank Ltd Headquarters: Mumbai, Maharashtra;
HDFC Bank Ltd Tagline: We Understand Your World.

Find More Banking News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.