HDFC Bank is the only Indian bank among the world’s 50 most valued lenders in 2014 with a market capitalization (M-Cap) of $41 billion. The State Bank of India (SBI) has been ranked at 51st position with M-Cap of $36.40 billion and ICICI Bank is at 55th position with M-Cap of $33.42 billion.
First Rank – Well Fargo of the USA – $284.39 billion M-Cap
Second Rank – Industrial & Commercial Bank of China – $269.70 billion M-Cap
Third Rank – JP Morgan Chase of USA – $233.94 billion M-Cap
Among the top ten banks, 4 are from the US, 4 are from China and one each from the UK and Australia.
Knowledge is Wealth
What is Market Capitalization?
M-Cap is the total dollar market value of complete company’s outstanding shares. It is calculated by multiplying a total company’s shares outstanding by the current market price of one share.
HDFC Bank was founded in 1994. It is the Fifth largest bank in India by assets and largest private sector bank in India by Market Capitalization.
The Headquarters of HDFC Bank is at Mumbai. The Tagline of HDFC Bank is We Understand Your World.
In India, the International Debit Card was launched first by the HDFC Bank in association with VISA (Visa Electron).
HDB Financial Services Limited and HDFC Securities Limited are the two subsidiaries of the HDFC bank.