Hdfc Share Price

About HDFC Bank

Core Activities & Products

1. Wholesale Banking: HDFC’s primary market is essentially large, blue-chip manufacturing companies present in the Indian Corporate Sector, and to some extent, small and mid-sized corporate companies as well as agriculture-based businesses. For them, HDFC provides a vast range of commercial and transactional banking services, such as working capital finance, trade services, transactional services, cash management, and more. It is also the leading provider of structured solutions, which bring together cash management services with vendor and distributor finance to better enable a superior supply chain management for its customers. Based on this superior product and service levels and strong customer orientation, HDFC has made significant progress into obtaining a number of leading Indian corporates, which include but are not limited to multinationals, companies from the domestic business houses and prime public sector companies.
2. Treasury: As part of its treasury services, the bank has three main product areas of focus - Foreign Exchange and Derivatives, Local Currency Money Market & Debt Securities, and Equities. With the liberalisation policy of the financial markets in India coming into effect in 1995, corporates needed more sophisticated risk management information, advice and product structures. These and fine pricing on different treasury products are provided through HDFC’s Treasury team. To comply with all statutory reserve requirements, the bank is required to hold 25% of its entire deposits in government securities. The Treasury business is also responsible for managing the returns and market risk on this investment portfolio. Additionally, the Treasury team is the custodian of the Bank’s liquid assets and manages its investments in securities and other market instruments.
3. Retail Banking: Through its retail banking services, HDFC provides its customers a complete range of financial instruments and banking services, making it their one-stop-shop for all things financial. Their products are backed by world-class service and delivered to customers through a growing branch network, as well as through alternative delivery channels like ATMs, Phone Banking, NetBanking and Mobile Banking. The first bank in India to launch an International Debit Card in association with Visa Electron, HDFC is a leading player in the 'merchant acquiring' business, showcasing over 235,000 Point-of-sale (POS) terminals for debit & credit cards acceptance at merchant establishments.

Board of Directors

1. Mr. Atanu Chakraborty, Chairman
2. Mrs. Renu Karnad, Non-Executive Director
3. Dr. Sunita Maheshwari, Independent Director
4. Mr. Sashidhar Jagdishan, Managing Director & Chief Executive Officer
5. Mr. Malay Patel, Independent Director
6. Mr. Sandeep Parekh, Independent Director
7. Mr. MD Ranganath, Independent Director
8. Mrs. Lily Vadera, Independent Director

Key Executives

1. Mr. Sashidhar Jagdishan, Managing Director & Chief Executive Officer
2. Mr. Kaizad M Bharucha, Executive Director
3. Mr. Arvind Kapil, Group Head - Retail Assets
4. Mr. Arvind Vohra, Group Head – Retail Branch Banking
5. Ms. Ashima Bhat, Group Head – Business Finance and Strategy, CSR and ESG, Administration, and Infrastructure
6. Mr. Ashish Parthasarthy, Treasury
7. Mr. Bhavesh Zaveri, Group Head – Operations & ATM Product
8. Mr. V Chakrapani, Group Head - Internal Audit and Quality Initiatives Group
9. Mr. Jimmy Tata, CCO
10. Nirav Shah, Group Head – Corporate Banking
11. Mr. Parag Rao, Group Head – Payments, Consumer Finance, and Digital Banking
12. Rakesh K. Singh, Group Head - Investment Banking, Private Banking, Marketing and Products
13. ​​​​​​​Rahul Shukla, Group Head – Commercial and Rural Banking
14. Vinay Razdan, Chief Human Resources Officer (CHRO)
15. Mr. Benjamin Frank, Group Head – Wholesale Credit
16. Mr. S Sampathkumar, Group Head - Liability Products, Third Party Products, and Non-Resident Business
17. Mr. Srinivasan Vaidyanathan, Chief Financial Officer
18. Ms. Smita Bhagat, Group Head - Government and Institutional Business, BC Banking (CSC partnership), Ecosystem Banking, Inclusive Banking Group, and Start-ups
19. Arup Rakshit, Group Head - Treasury - Sales, Analytics & Overseas
20. Raveesh K. Bhatia, Group Head – Emerging Corporates Group and PSU coverage
21. Mr Ramesh Lakshminarayanan, Group Head - Information Technology
22. Mr. Anjani Rathor, Group Head - Digital Banking
23. Mr Sanmoy Chakrabarti, Chief Risk Officer

Presence

Registered and Corporate Office:

Strengths

1. Large Network of Branches: With over 2,201 branches and 7,110 ATMs around the country, HDFC Bank is India’s second-largest private banking sector.
2. Strong Consumer Banking: The ATM card issued by HDFC is compatible with almost all domestic and international Visa/Master cards, Visa Electron/Maestro, and American Express cards. This is one of the biggest reasons why HDFC cards are the most popular choice for shopping and online transactions.
3. Higher Customer Satisfaction: When compared to other private banks, HDFC offers a much higher level of customer satisfaction.
4. High Employee Retention Rate: HDFC has a low employee turnover rate and is considered as one of the best places to work in the private banking sector.
5. Brand’s Goodwill: HDFC has received recognition for its work, products, and services numerous times, including the title of “Best Bank” from various financial rating institutions such as Dun and Bradstreet, Financial Express, Finance Asia Country Awards and Euromoney Awards for Excellence.

CSR and Sustainability

1. Rural Development
2. Skill Development and Livelihood Enhancement
3. Promotion of Education
4. Healthcare & Hygiene
5. Financial Literacy & Inclusion

Criticism

1. They do not have a rural presence at all, whereas their competitors - ICICI Bank are expanding in the rural section of society.
2. Their marketing strategies are not very aggressive, unlike ICICI, which leads to them having a limited market size which means a lot of their banking products are not performing and have already reached the market limit.
3. The HDFC bank stock price is fluctuating frequently which is not great for building trust with their investors.

COVID 19 Impact

Future Prospects

1. The replacement of Aditya Puri.
2. The additional provisions made by the bank of Rs. 7 billion toward certain corporate accounts that have a large probability of default. Most products are showing increase in profits but the Commercial Vehicle and Construction Equipment (CE) portfolio are cause for high concerns.
3. Their loans to salaried customers is seeing improved growth and the credit card business is also witnessing better trends due to their corporate tie ups.
4. The branch expansion of the bank for smaller ones for semi-urban and rural reasons is good for growth as they focus on digital banking in the urban areas.

Did You Know!

Initial Public Offering

Equity Shares

Annual Financial Statement