HDFC Bank Ltd
About
HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. It all started in 1977 when the Late Shri HT Parekh had a simple but powerful vision—helping middle-class Indians buy a home without waiting until retirement. Today, it has a strong presence not just in India but globally, with branches in Hong Kong, Bahrain, Dubai and offices in Kenya, Abu Dhabi, Dubai, London, and Singapore. HDFC Bank realised and harnessed the power of mobile telephony, when it launched MobileBanking in 2000. HDFC Bank offers a diverse range of services, from retail and wholesale banking to loans, credit cards, and digital platforms like PayZapp and SmartBUY. A major milestone came on April 4, 2022, when HDFC Ltd and HDFC Bank announced their merger. The consolidation, completed on July 1, 2023 is India's largest-ever merger and acquisition (M&A) deal.
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Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 407995 99.4% | 204666 22.1% | 167695 7.6% | 155885 6.0% | 147068 18.5% | 124108 22.5% | 101344 17.6% | 86176 15.9% | 74373 23.5% | 60212 18.4% | 50853 18.3% | 42994 25.8% | 34186 38.8% | 24628 20.5% | 20442 2.6% | 19931 - |
| Net Operating Income (INR Cr) | 283649 66.12% | 170754 25.61% | 135936 5.74% | 128552 5.21% | 122189 16.19% | 105161 23.30% | 85288 16.40% | 73271 16.01% | 63162 24.66% | 50666 19.06% | 42555 18.67% | 35861 27.20% | 28193 40.66% | 20043 23.47% | 16233 -0.50% | 16314 - |
| Profit (INR Cr) | 64062 39.3% | 45997 20.9% | 38053 19.5% | 31833 16.8% | 27254 22.0% | 22332 20.7% | 18510 21.1% | 15280 19.4% | 12801 19.8% | 10689 22.3% | 8743 27.3% | 6870 30.9% | 5247 31.4% | 3992 32.9% | 3004 33.6% | 2249 - |
| Assets (INR Cr) | 4035827 59.5% | 2530432 19.2% | 2122934 18.0% | 1799507 13.8% | 1580830 22.3% | 1292806 17.2% | 1103233 23.6% | 892463 17.1% | 762307 25.6% | 607169 20.6% | 503679 23.5% | 407781 19.5% | 341117 22.7% | 278039 24.7% | 223046 21.6% | 183492 - |
| Net Worth (INR Cr) | 456395 57.7% | 289438 17.0% | 247326 17.9% | 209810 19.0% | 176359 14.8% | 153673 40.2% | 109599 19.4% | 91794 23.5% | 74304 17.7% | 63154 43.0% | 44167 20.5% | 36643 21.3% | 30211 18.1% | 25586 18.4% | 21619 43.2% | 15095 30.9% |
| Employee Cost (INR Cr) | 31023 55.0% | 20017 25.9% | 15897 16.2% | 13677 5.9% | 12920 23.6% | 10451 13.7% | 9194 8.1% | 8505 34.9% | 6306 22.2% | 5163 14.9% | 4494 7.0% | 4202 17.6% | 3573 20.0% | 2977 24.6% | 2389 3.8% | 2301 - |
| Interest Cost (INR Cr) | 154139 | 77780 | 58584 | 59248 | 62137 | 53713 | 42381 | 38042 | 34070 | 27288 | 23445 | 19695 | 15106 | 9425 | 7798 | 8903 |
| Cash & Bank Balance (INR Cr) | 228835 | 197148 | 155386 | 121273 | 87940 | 81818 | 123062 | 49311 | 39069 | 36526 | 39913 | 27531 | 21175 | 29838 | 30078 | 17537 |
| Total Debt (INR Cr) | 3107503 | 2139212 | 1784970 | 1511418 | 1333041 | 1080235 | 944817 | 741550 | 649587 | 509762 | 416677 | 335588 | 272874 | 222938 | 180470 | 151898 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 15.7% | 22.5% | 22.7% | 20.4% | 18.5% | 18.0% | 18.3% | 17.7% | 17.2% | 17.8% | 17.2% | 16.0% | 15.4% | 16.2% | 14.7% | 11.3% |
| Profit As % Of Assets | 1.6% | 1.8% | 1.8% | 1.8% | 1.7% | 1.7% | 1.7% | 1.7% | 1.7% | 1.8% | 1.7% | 1.7% | 1.5% | 1.4% | 1.4% | 1.2% |
| Profit As % Of Networth | 14.0% | 15.9% | 15.4% | 15.2% | 15.5% | 14.5% | 16.9% | 16.7% | 17.2% | 16.9% | 19.8% | 18.8% | 17.4% | 15.6% | 13.9% | 14.9% |
| Interest Cost to EBITDA % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| RONW | 17.6% | 17.2% | 16.7% | 16.5% | 16.5% | 17.1% | 18.4% | 18.4% | 18.7% | 19.9% | 21.6% | 20.5% | 18.8% | 17.0% | 16.5% | 16.9% |
| ROCE | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |