HDFC Bank Limited is a private banking company. HDFC Bank share price fluctuation affects Nifty because it carries good weightage among Nifty 50 stocks.
HDFC Bank Share Price Graph
Incorporated in 1994, HDFC Bank Limited was one of the first few private banks which started operations in India after the Government of India came up with the policy to allow private banks to start banking business in India. It was fist such step taken by Government of India after the nationalisation of private banks took place after independence.
The bank has been running efficiently since then and became one of the leading private banks in India. Now, in India, it is arguably the top private bank. Today, the bank’s management views the banking business to provide solidity and reliability to support its consumers and thrives due to excellence in banking service. The bank operates both in retail banking services and corporate banking services and has achieved a mark of excellence in both the sectors. Today in order to remain in top it has adopted best industry practices that are at par with best of international standards.
Headquartered in Mumbai, the HDFC Bank has 1416 branches spread across 550 cities and towns. All branches are linked through the internet on real time basis. HDFC Bank also provides phone banking service to 500 locations. The bank has a network of 3382 ATMs across the country.
The shares of HDFC Bank are listed on NSE and BSE. HDFC Bank’s ADS (American Depository Shares) are listed on NYSE (the New York Stock Exchange) under the symbol ‘HDB’ and HDFC Bank’s GDR (Global Depository Receipts) are listed on LSE (the Luxembourg Stock Exchange).
Till date, the company has received numerous national and international awards for excellence in the banking sector.
HDFC bank offers following services to its customers:
- Retail/ Personal Banking
- Corporate Banking
- NRI Banking
- E commerce
- Priority Banking
- VBV/ MSC – Online transactions using Debit Card
- VBV – Online transactions using Credit Card
Company Financials – HDFC Bank share price is Rs 1685 (as on 20.06.17, 11.11 hrs.) in BSE. As per latest HDFC Bank share price, the standalone basis P/E is 29.86 versus average industry PE of 27.31, EPS is Rs 56.64. Market cap is Rs 4,34,477 crores. The face value of share is Rs 2. Net NPA to Net Advance percentage stands at 0.28% (as per data of fiscal,’16).
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