HDFC Bank is the largest private bank in the country in terms of market cap. The current market cap of the bank has reached close to 8.26 lakh crores.
hdfc bank
Banks have made profits in Corona, during this time people have also taken loans in huge amounts to meet their expenses. The best example of this is shown by looking at the loan book of HDFC Bank, the country’s largest private bank. HDFC Bank on Monday said the total loan amount disbursed by it grew by 14.4 per cent to over Rs 11.47 lakh crore till June 30 this year.
HDFC Bank told the stock exchange that the bank’s advances as on June 30, 2021 were around Rs 11,475 billion, showing a growth of around 14.4 percent as against Rs 10,033 billion as of June 30, 2020. The bank said that from March 31, 2021, its advances increased by about 1.3 percent. The private sector bank said that its domestic retail loan business grew by 10.5 percent by the end of the first quarter of the current financial year, while domestic wholesale loans grew by about 17 percent.
impact of change in strategy
In fact, the new chief of the bank, Shashi Jagadeesan, had said at the beginning of last month that preparations are being made for many changes in the bank. The effect of which is also being seen in the loan boom. Regarding the transformation of the bank, Shashi Jagadeesan had said, “We are building growth engines on the basis of best talent and technology and digital transformation, to take full advantage of the opportunities that lie ahead.” Named ‘Project Future-Ready’.
benefits to customers
In a statement from the bank, it was said that focused business verticals and distribution channels have been formed to take full advantage of the opportunities in various customer segments in the times to come. Jagdishan, Chief Executive and Managing Director of the bank said, “I am sure this infrastructure will create the necessary strategic and execution capability that we need to serve our customers across retail, commercial (MSME) and corporate sectors across India. is.”
Market cap crosses 8.26 lakh crore
HDFC Bank is the largest private bank in the country in terms of market cap. The current market cap of the bank has reached close to 8.26 lakh crores. HDFC Bank has overtaken ICICI Bank to become the largest private bank in the country. There are more than 1.16 lakh employees in this bank.
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