Is HDFC And HDFC Bank Same?

Is HDFC a holding company?

HDFC is a housing finance company and is also the holding company for HDFC Bank, HDFC Life Insurance, HDFC Ergo General Insurance and HDFC Asset Management Company.

It is also among the most efficient housing finance companies with an operating cost to total assets at 0.3%..

Is HDFC and HDFC Bank different?

While HDFC has remained the biggest mortgage lender and has provided consistent growth even when the real estate market had gone through its trough, HDFC Bank under Aditya Puri has got the distinction of the most expensive major bank in the world.

Is HDFC a good buy?

Of the 56 analysts tracking HDFC Bank, 52 have a ‘buy’ rating, three suggest a ‘hold’ and the rest recommend a ‘sell’. The average of Bloomberg consensus 12-month target price is 8.8%.

Why HDFC shares are going down?

Shares of HDFC Bank fell 2 percent and traded among the top losers of the 30-share pack Sensex in morning trade on BSE on December 7. Shares of the lender fell after global rating agency Moody’s said that multiple digital outages reported by HDFC Bank are credit negative.

What is capital adequacy ratio of HDFC Bank?

Related Indicators for India HDFC Bank: Financial Ratio: Capital Adequacy Ratiocountry/regionLastHDFC Bank: Financial Ratio: Capital Adequacy Ratio (%)14.820 2018HDFC Bank: Financial Ratio: Cash-Deposit (%)13.270 2018HDFC Bank: Financial Ratio: Investment-Deposit (%)30.710 20188 more rows

Is HDFC Chinese bank?

China’s central bank sold some or all of its stake in India’s largest mortgage lender Housing Development Finance Corp Ltd (HDFC) in the June quarter, stock exchange filings show.

Which account is best in HDFC?

HDFC Bank Savings Account Interest Rates & Minimum Balance Required Updated on 2020Types of Savings AccountInterest RateMinimum Balance RequiredKids Advantage Account4.00%INR 5,000Senior Citizens Account4.00%INR 5,000Family Savings Group Account4.00%INR 40,000Basic Savings Bank Deposit Account4.00%Not Required5 more rows

What is the turnover of HDFC Bank?

PATYearly – HDFC Bank Ltd.Rs (in Crores)Net Sales Turnover114812.6580241.35Other Income23260.8215220.31Total Income138073.4795461.6635 more rows

Can I have 2 HDFC accounts?

You can add up to 5 Bank accounts at one time. Currently, these five Bank accounts have to be from HDFC Bank, Citibank, ICICI Bank, HSBC India, Standard Chartered Bank. You can add or delete accounts as and when you choose to.

What is HDFC minimum balance?

For regular savings accounts held in HDFC Bank’s metro and urban branches, the customer is required to maintain an average monthly balance of ₹ 10,000 to avoid penalty charges, according to the lender’s website – hdfcbank.com. In semi-urban branches, an average of ₹ 5,000 is required.

What is BSO post in HDFC Bank?

Sales Officers are ON ROLLS of HDFC Bank. 3. This is a sales job and not branch operations job. … Providing support to branch profitability by selling bank products – saving & current account through different acquisition channels in the catchment area.

Is HDFC IN LOSS?

Seven of the 10 most valued domestic companies suffered a combined erosion of Rs 1 lakh crore in their market valuation last week with HDFC Bank taking the biggest hit by losing over Rs 30,000 crore. … Market capitalisation (m-cap) of HDFC Bank dropped the most by Rs 30,198.62 crore to Rs 6,50,446.47 crore.

Who is owner of HDFC?

Housing Development Finance CorporationHDFC Bank/Parent organizations

Who is the No 1 bank in India?

1 in India by Forbes; Surprise at No. 3; SBI not in top 10.

Who is current CEO of HDFC Bank?

Sashidhar Jagdishan (–)HDFC Bank/CEOSashidhar Jagdishan has taken charge as managing director and chief executive officer of HDFC Bank, succeeding Aditya Puri, who retired on Monday after an illustrious career spanning 26 years.

Is HDFC Sales part of HDFC Bank?

HDFC Sales is a wholly owned subsidiary of HDFC Ltd. … HDFC Sales offers financial management solutions to individuals encompassing among other products like Home Loans, Life Insurance, Mutual Funds, Fixed Deposits and Property Solutions.

Which type of bank is HDFC?

private sector bankHDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 104,154 permanent employees as of 30 June 2019. HDFC Bank is India’s largest private sector bank by assets.

Is HDFC Bank Safe?

BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs. The Indian banking system is safe and is focused to protect customers’ interests, according to the chiefs of the two largest banks in the country — State Bank of India (SBI) and HDFC Bank.