HDFC Bank stands as a leading financial institution in India, offering a wide range of banking solutions designed to meet the diverse needs of individuals, businesses, and institutions. As one of the largest private sector banks, HDFC Bank focuses on delivering innovative products and services while maintaining strong asset quality and customer satisfaction.
HDFC Bank Business Segments: Comprehensive Details and Revenue Breakup %
HDFC Bank’s business segments are structured to cater to a broad spectrum of customers, from retail individuals to large corporations. The bank operates through three primary segments: Retail Banking, Wholesale Banking, and Treasury, with additional focus on other banking operations. Each segment is designed to leverage the bank’s extensive network, technology-driven solutions, and customer-centric approach to drive growth and profitability. Below is a comprehensive overview of HDFC Bank business segments, including detailed descriptions and revenue breakup percentages based on the bank’s operational income.
Retail Banking Segment
The Retail Banking segment is HDFC Bank’s largest revenue contributor, focusing on individual customers, small businesses, and non-resident Indians (NRIs). This segment includes a wide array of products such as savings accounts, current accounts, fixed deposits, personal loans, home loans, auto loans, credit cards, debit cards, prepaid cards, digital wallets, insurance, and investment products. HDFC Bank retail banking emphasizes digital innovation, with 97% of financial transactions occurring digitally and 86% of acquisitions being digital. The segment serves over 9.7 crore customers, with a strong emphasis on customer satisfaction, reflected in a Net Promoter Score (NPS) of 70.
Key details of the Retail Banking segment:
- Comprehensive Product Suite: HDFC Bank offers loans like personal, auto, gold, two-wheeler, small ticket working capital, offshore, agri, tractor, healthcare finance, commercial vehicle & equipment finance, infrastructure finance, loan against securities, and digital loan against mutual funds. Deposits include savings, current, and corporate salary accounts, NRI deposits, fixed and recurring deposits. Other products encompass forex & derivatives, custodial services, cash management, letters of credit, guarantees, and correspondent banking.
- Digital Leadership: The bank has launched platforms like PayZapp 2.0, which reached 1.6 crore registrations, and SmartHub Vyapar for merchants, with 19.3 lakh merchants active. Digital channels drive efficiency, with 79% of servicing happening digitally.
- Customer-Centric Approach: HDFC Bank prioritizes service first, with initiatives like Infinite Smiles (NPS program) and bottoms-up NPS score of 70. The bank conducts 28 lakh feedback sessions across key channels and product journeys to enhance experiences.
- Growth Drivers: Expansion in semi-urban and rural areas, with 51% of branches in these regions, serving 2.35 lakh villages. Focus on financial inclusion through PMJDY accounts and social security schemes.
Revenue Breakup for Retail Banking Segment: In FY 2024-25, the retail banking segment (including digital and non-digital) generated approximately 82% of the bank’s total income from operations, amounting to H283,426.20 crore in non-digital retail revenue and H62,227.48 crore in digital banking revenue, contributing to a combined retail revenue of around H345,653.68 crore out of total operational income of H346,149.32 crore.
Wholesale Banking Segment
The Wholesale Banking segment targets large corporates, multinational corporations, government entities, public sector enterprises, emerging corporates, and business banking/SMEs. This segment provides end-to-end financial solutions, including loans, deposits, payments, collections, tax solutions, trade finance, cash management, and corporate cards. Post-merger with HDFC Limited, the bank expanded its realty finance business, offering construction finance for residential and commercial properties, lease rental discounting, and other real estate financing.
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Key details of the Wholesale Banking segment:
- Diverse Clientele: Serves multinational corporations, public sector enterprises, emerging corporates, and SMEs with tailored solutions for working capital, term lending, project finance, realty business finance, supply chain financing, export finance, and trade credit.
- Investment Banking: Offers capital finance through debt/equity capital markets, mergers & acquisitions, IPOs, private equity, venture capital fund raising, loan syndication, and customized solutions.
- Growth Focus: Deepens wallet share through transaction banking, supply chain financing, and trade solutions. The bank has a diversified book spread across multiple industries, with an average rating of AA to AA+.
- Digital Integration: Uses supply chain platforms for seamless transactions and API integrations for efficient operations.
- Realty Finance Expansion: Post-merger, HDFC Bank is the largest player in real estate finance with a 20% market share, spread across 11 cities, targeting expansion to 19 cities.
Revenue Breakup for Wholesale Banking Segment: In FY 2024-25, the wholesale banking segment contributed approximately 55% of the bank’s total income from operations, with revenue of H191,964.51 crore out of H346,149.32 crore.
Treasury Segment
The Treasury segment manages the bank’s cash and liquid assets, investments in securities, and other market instruments. It is responsible for maintaining liquidity, monitoring interest rate risks on the balance sheet, and ensuring compliance with statutory reserve requirements. The department also addresses customers’ treasury needs, generating fee income from customer transactions and handling their foreign exchange and interest rate risks.
Key details of the Treasury segment:
- Key Functions: Manages asset/liability, maintains government securities portfolio per RBI norms, handles liquidity and interest rate risks, meets statutory reserve requirements.
- Customer Services: Offers foreign exchange and derivatives transactions, solutions on hedging strategies, trade solutions – domestic and cross-border, bullion, and others.
- Risk Management: Optimizes profitability of marked-to-market products within liquidity and market risk appetite.
- Strategies: Maintain healthy liquidity buffer (LCR/NSFR), competitive cost of funds, transact in derivatives for interest rate profile management.
Revenue Breakup for Treasury Segment: In FY 2024-25, the treasury segment is included in other banking operations, contributing approximately 10% of the bank’s total income from operations, with revenue of H35,449.05 crore out of H346,149.32 crore.
Other Banking Operations
This segment includes para-banking activities, such as third-party product distribution, primary dealership business, and other banking transactions not covered under the above segments.
Revenue Breakup for Other Banking Operations: In FY 2024-25, other banking operations contributed approximately 10% of the bank’s total income from operations, with revenue of H35,449.05 crore out of H346,149.32 crore.
HDFC Bank’s business segments demonstrate a balanced approach to revenue generation, with retail banking leading the way, followed by wholesale and treasury operations. This diversification helps mitigate risks and ensures steady growth. For more on HDFC Bank business segments revenue breakup and details, the bank’s focus on digital innovation and customer-centric solutions positions it as a leader in the Indian banking sector.
HDFC Bank Products or Services Offered and List with Revenue Breakup %
HDFC Bank offers a comprehensive suite of products and services tailored to meet the financial needs of individuals, businesses, and institutions. The bank’s product portfolio spans loans, deposits, payments, investments, insurance, and digital solutions, with a strong emphasis on innovation and customer convenience. Below is a detailed list of HDFC Bank products and services, categorized by segment, with revenue breakup percentages where applicable, based on the bank’s operational income.
Retail Banking Products and Services
The retail banking products and services are the bank’s primary revenue driver, focusing on personal finance and small business needs.
- Loans: Personal loans, auto loans, gold loans, two-wheeler loans, small ticket working capital loans, offshore loans, agri loans, tractor loans, healthcare finance, commercial vehicle & equipment finance, infrastructure finance, loan against securities, digital loan against mutual funds.
- Deposits: Savings accounts, current accounts, corporate salary accounts, NRI deposits, fixed deposits, recurring deposits.
- Cards: Credit cards, debit cards, prepaid cards.
- Digital Products: PayZapp, SmartHub Vyapar, HDFC Bank One, SmartWealth.
- Other Services: Forex & derivatives, custodial services, cash management, letters of credit, guarantees, correspondent banking, insurance (life, general, health), investments (mutual funds, wealth management), remittance services.
Revenue Breakup for Retail Products and Services: Retail products and services generated approximately 82% of total operational income, with loans contributing the majority (around 69% from interest on advances), deposits around 16% from other interest income, and cards/digital products around 15% from fees and commissions.
Wholesale Banking Products and Services
Wholesale products cater to large corporates and SMEs, focusing on business finance and operations.
- Loans: Working capital facilities, term loans, project finance, realty business finance, supply chain financing, export finance, trade credit.
- Deposits: Wholesale deposits.
- Investment Banking: Debt/equity capital markets, mergers & acquisitions, IPOs, private equity, venture capital fund raising, loan syndication, customized solutions.
- Other Services: Payments, collections, tax solutions, trade finance, cash management, corporate cards.
Revenue Breakup for Wholesale Products and Services: Wholesale products and services contributed approximately 55% of total operational income, with loans around 55% from interest income, deposits 16%, and investment banking/other services 29% from fees.
Treasury Products and Services
Treasury products are geared towards liquidity management and risk hedging.
- Products: Money market instruments, debt securities, equities, foreign exchange, derivative instruments, bullion.
- Services: Hedging strategies, trade solutions (domestic and cross-border).
Revenue Breakup for Treasury Products and Services: Treasury contributed approximately 10% of total operational income, with income from investments around 17%, FX & derivatives 1.4%, and other treasury services 1.4%.
Other Banking Products and Services
- Para-Banking: Third-party product distribution, primary dealership, other transactions.
- Revenue Breakup: Other banking products contributed approximately 10% of total operational income, primarily from fees and commissions.
HDFC Bank’s products and services are designed to provide comprehensive financial solutions, with revenue breakup reflecting a balanced mix of interest income (around 69%), fees and commissions (21%), and other income (10%). For more on HDFC Bank products and services revenue breakup, the bank’s focus on digital and customer-centric offerings drives sustained profitability.
HDFC Bank Company History
HDFC Bank’s history is rooted in innovation and growth, evolving from a housing finance company to one of India’s largest private sector banks. The journey began in 1977 with the incorporation of Housing Development Finance Corporation (HDFC) Limited, founded by Hasmukh Thakordas Parekh (H.T. Parekh) as a development finance institution to provide housing loans. HDFC Limited was promoted by the Industrial Credit and Investment Corporation of India Limited, the International Finance Corporation, Washington, and His Royal Highness the Aga Khan, with H.T. Parekh appointed as Chairman.
In 1978, HDFC Limited’s first public issue of equity shares raised H10 crore. The company expanded its operations, becoming a leader in housing finance. In 1994, HDFC Limited received in-principle approval from the Reserve Bank of India (RBI) to set up a private sector bank, leading to the incorporation of HDFC Bank Limited in August 1994. The bank received its banking license in January 1995, with its IPO oversubscribed 55 times and listed on BSE and NSE. The first corporate office and branch opened in 1995.
HDFC Bank launched its maiden dividend in 1997 and a new logo in 1997-98. In 1999, the bank launched its first international debit card in association with Visa International and began its digital journey with online real-time NetBanking. The first ever mega merger in the Indian banking industry occurred when Times Bank merged with HDFC Bank.
The year 2000 marked several landmark moments: HDFC Bank became a bank with many firsts, launching the first SMS-based mobile banking in India and the first international debit card. In 2001, the bank listed on the New York Stock Exchange (NYSE) and became the first private bank authorized to collect income tax.
In 2003-04, HDFC Bank was the first bank in India to offer credit cards in over 100 cities and touched 10 lakh users. In 2006, two new cards were launched exclusively for women on International Women’s Day. In 2008, the bank opened its first overseas commercial branch in Bahrain and merged with Centurion Bank of Punjab, one of the largest mergers in the Indian banking industry.
In 2010, the bank launched 40% faster ATMs, the first of its kind in Asia. In 2011, it became the market leader in auto loans, personal loans, and credit cards. In 2012, HDFC Bank launched a mobile banking app in Hindi and a nationwide sports initiative ‘Josh Unlimited’ for employees.
In 2013, the bank’s Sustainable Livelihood Initiative (SLI) crossed a milestone, impacting 20 lakh households.
In 2014, sustainability was established as a core value. The bank created a new Guinness World Record for the largest single-day blood donation drive and became the market leader in issuing credit cards. In 2015, the bank launched sonic branding (Musical Logo – MOGO), PayZapp (India’s first 1-click mobile-pay solution), 10-second personal loan disbursement, and a concurrent QIP issue and follow-on offering raising H9,723 crore.
In 2016, ATMs turned into Loan Dispensing Machines (LDMs) and the bank launched the SmartUp programme for startups.
In 2017, HDFC Bank introduced EVA chatbot, India’s first AI-based chatbot for customer service, launched SmartUp Zones for startups, EasyEMI on debit cards, and an all-in-one DigiPOS machine.
In 2018, the bank launched a next-gen mobile banking app and signed an MoU with CSC, Government of India, to support financial inclusion in rural areas.
In 2019, HDFC Bank was voted no.1 in India by customers in the Forbes World’s Best Banks survey, signed a pact with BSE to boost startups, collected 1 million+ units of blood via Parivartan’s blood donation drive over 12 years, opened its 5,000th branch, and marked the start of its 25th year.
In 2020, the bank ranked India’s most valuable brand for the seventh consecutive year by BrandZ Report, launched Millennia range of cards, experienced its first leadership change with Sashidhar Jagdishan as MD & CEO, launched the first-of-its-kind KGC-Shaurya card for armed forces, introduced contactless video KYC facility, and deployed mobile ATMs during the lockdown.
In 2021, HDFC Bank embarked on ‘Project Future Ready’, pledged to become carbon neutral by 2031-32, became the only private sector bank with a branch in Lakshadweep, inaugurated its first branch in Singapore, launched ‘Anmol Salary Account’ – India’s first cyber fraud cover integrated offering for PSU employees, launched GIGA – a complete financial suite for gig workers, and became the first domestic bank to execute a gold forward deal from GIFT City.
In 2022, HDFC Bank and HDFC Ltd. announced a transformational merger, launched SmartHub Vyapar – a one-stop merchant solution app, and launched the ‘Vigil Aunty’ campaign to promote freedom from fraud.
In 2023, the bank launched a revamped PayZapp 2.0 payments app, merged HDFC Limited with HDFC Bank effective July 1, 2023, creating one of the world’s most valued banks, launched UPI QR code interoperable with Central Bank Digital Currency (CBDC), launched PayZapp 2.0 which reached 75 lakh registrations, and educated over 2 lakh citizens on safe digital banking practices pan India.
In 2024, the RBI approved the appointment of Kaizad Bharucha as Deputy Managing Director and Bhavesh Zaveri as Executive Director w.e.f. April 19, 2023, appointed V Srinivasa Rangan as Executive Director w.e.f. November 23, 2023, launched UPI QR code interoperable with Central Bank Digital Currency (CBDC) among the first banks, PayZapp 2.0 reached 75 lakh registrations, educated over 2 lakh citizens on safe digital banking practices, became the first domestic bank to execute a gold forward deal from GIFT City, and Tata Neu HDFC Bank Credit Card crossed a milestone with issuance of over 2 million cards.
In 2025, HDFC Bank launched PIXEL: a new generation of digital credit cards.
HDFC Bank’s history reflects its commitment to innovation, customer service, and growth, positioning it as a key player in India’s financial landscape. For more on HDFC Bank history and milestone moments, the bank’s journey from housing finance to comprehensive banking services showcases its adaptability and leadership.
HDFC Bank Brands Details and List with Revenue Breakup %
HDFC Bank operates under its core brand and through subsidiaries that offer specialized financial services. The bank’s brands are designed to provide comprehensive solutions across banking, insurance, asset management, and securities. Below is a list of HDFC Bank brands with details and revenue breakup percentages.
HDFC Bank (Core Brand)
The main HDFC Bank brand encompasses all banking operations, including retail, wholesale, and treasury services. It is the primary brand under which the bank offers loans, deposits, cards, digital products, and other services.
Revenue Breakup for HDFC Bank Core Brand: The core banking operations contributed 100% of the bank’s standalone revenue, with total income of H3,46,149.32 crore in FY 2024-25.
HDFC Life Insurance Company Limited
HDFC Life is a leading life insurance provider, offering individual and group insurance solutions in protection, pension, savings, investment, annuity, and health categories. The bank holds 50.3% stake.
Details: Established in 2000, HDFC Life has secured over 5 crore lives with a 99.8% claim settlement ratio. It has over 650 branches and AUM of H3,36,282 crore as of March 31, 2025.
Revenue Breakup for HDFC Life: New business margin 25.6%, value of new business H3,962 crore, embedded value H55,423 crore, profit after tax H1,802 crore (contributing to group revenue as per stake).
HDB Financial Services Limited
HDBFS is a non-deposit taking NBFC offering lending, fee-based products, and BPO services. The bank holds 94.3% stake.
Details: HDBFS has a loan book of H1,06,878 crore, with 1,771 branches across 1,170 cities. GNPA 2.26%, NNPA 0.99%, capital adequacy 19.22%.
Revenue Breakup for HDBFS: Profit after tax H2,176 crore (contributing to group revenue as per stake).
HDFC ERGO General Insurance Company Limited
HDFC ERGO offers general insurance products like health, motor, travel, home, personal accident, and cyber insurance for retail, and property, engineering, marine, and liability for SMEs/corporates. The bank holds 50.3% stake.
Details: HDFC ERGO has a 5.1% market share, profit after tax H500 crore, 28% CAGR over 17 years.
Revenue Breakup for HDFC ERGO: Profit after tax H500 crore (contributing to group revenue as per stake).
HDFC Asset Management Company Limited
HDFC AMC is an investment manager for HDFC Mutual Fund, offering savings and investment products. The bank holds 52.5% stake.
Details: HDFC AMC has over 1.32 crore investors, 2.33 crore live accounts, 280 offices, 95,000+ distribution partners, AUM H7.5 lakh crore.
Revenue Breakup for HDFC AMC: Total income H4,058 crore, profit after tax H2,461 crore (contributing to group revenue as per stake).
HDFC Securities Limited
HSL offers broking services, serving 68 lakh customers with investment and protection products. The bank holds 94.5% stake.
Details: HSL has 134 branches across 106 cities, 96% digital customers, NSE active clients rank 6th with 15.25 lakh customers.
Revenue Breakup for HSL: Total income H3,265 crore, net revenue H2,479 crore, profit after tax H1,125 crore (contributing to group revenue as per stake).
HDFC Bank’s brands provide a holistic financial ecosystem, with revenue breakup reflecting the group’s diversified income streams. For more on HDFC Bank brands revenue breakup, the subsidiaries enhance the core bank’s offerings, driving overall growth.
HDFC Bank Geographical Presence and List with Revenue Breakup %
HDFC Bank has a robust geographical presence, primarily in India with a focus on semi-urban and rural areas, complemented by international branches. The bank’s network ensures wide accessibility and supports financial inclusion.
Geographical Presence in India
HDFC Bank operates across all major regions in India, with a strong emphasis on semi-urban and rural (SURU) areas to drive growth and inclusion.
- Metro Areas: 2,664 branches, 4 DBUs, 2 other BCs, 278 CSC BC, 7,915 ATMs/CRMs.
- Urban Areas: 1,981 branches, 3 DBUs, 27 other BCs, 616 CSC BC, 5,317 ATMs/CRMs.
- Semi-Urban Areas: 3,182 branches, 0 DBUs, 320 other BCs, 2,204 CSC BC, 6,007 ATMs/CRMs.
- Rural Areas: 1,614 branches, 2 DBUs, 391 other BCs, 11,561 CSC BC, 1,900 ATMs/CRMs.
Total in India: 9,441 branches (excluding overseas), 9 DBUs, 15,399 total BCs, 21,139 ATMs/CRMs, 4,150 cities/towns, over 2,35,000 villages served.
International Presence
HDFC Bank has a growing international footprint to serve NRIs and global clients.
- Branches: Hong Kong, Bahrain, Dubai International Financial Centre (DIFC), Singapore, IFSC Banking Unit in Gujarat International Finance Tec-City (GIFT City).
- Representative Offices: Kenya, Abu Dhabi, Dubai, London.
The international business has a balance sheet size of US$10.83 billion, with advances 1.75% of total advances.
Revenue Breakup by Geography: HDFC Bank’s revenue is predominantly from India (approximately 98%), with international operations contributing around 2% from fee income and interest on advances. The bank does not provide detailed geographical revenue breakup, but the focus on SURU areas in India drives 51% of branch network revenue from these regions.
HDFC Bank’s geographical presence supports its strategy for inclusive growth, with revenue breakup reflecting a strong domestic base. For more on HDFC Bank geographical presence revenue breakup, the bank’s expansion in rural areas enhances accessibility and drives deposit growth.
HDFC Bank Financials: Consolidated P&L, Balance Sheet, and Cash Flow Statement in Tables
HDFC Bank’s financial performance in FY 2024-25 demonstrates resilience and growth, with consolidated statements reflecting the post-merger integration. Below are the consolidated Profit & Loss (P&L), Balance Sheet, and Cash Flow Statement in tables.
Consolidated Profit and Loss Account (P&L) for the Year Ended March 31, 2025 (H in crore)
| Particulars | Schedule | Year Ended March 31, 2025 | Year Ended March 31, 2024 |
|---|---|---|---|
| I. INCOME | |||
| Interest earned | 13 | 2,83,648.97 | 2,58,340.07 |
| Other income | 14 | 62,500.35 | 49,241.50 |
| TOTAL | 3,46,149.32 | 3,07,581.57 | |
| II. EXPENDITURE | |||
| Interest expended | 15 | 1,60,978.86 | 1,49,669.96 |
| Operating expenses | 16 | 70,347.08 | 61,931.64 |
| Provisions and contingencies | 47,476.04 | 55,159.97 | |
| TOTAL | 2,78,801.98 | 2,66,761.57 | |
| III. PROFIT | |||
| Net Profit for the year | 67,347.34 | 60,812.00 | |
| Add: Share in profit of associates | 1,232.70 | 1,154.00 | |
| Consolidated net profit attributable to the group | 68,580.04 | 61,966.00 | |
| Balance in Profit and Loss account brought forward | 2,41,659.00 | 1,96,379.00 | |
| TOTAL | 3,10,239.04 | 2,58,345.00 | |
| IV. APPROPRIATIONS | |||
| Transfer to Statutory Reserve | 16,836.84 | 15,203.00 | |
| Transfer to General Reserve | 6,734.73 | 6,081.20 | |
| Transfer to Capital Reserve | 0.00 | 0.00 | |
| Transfer to/from Investment Reserve Account | 0.00 | 0.00 | |
| Transfer to Special Reserve | 1,700.00 | 1,500.00 | |
| Dividend paid (including tax on dividend) | 14,824.47 | 13,201.80 | |
| Balance carried over to Balance Sheet | 2,70,143.00 | 2,22,359.00 | |
| TOTAL | 3,10,239.04 | 2,58,345.00 |
Consolidated Balance Sheet as at March 31, 2025 (H in crore)
| Particulars | Schedule | As at March 31, 2025 | As at March 31, 2024 |
|---|---|---|---|
| CAPITAL AND LIABILITIES | |||
| Capital | 1 | 7,602.83 | 7,596.33 |
| Reserves and surplus | 2 | 4,93,821.75 | 4,27,380.47 |
| Minority interest | 10,315.35 | 9,562.47 | |
| Deposits | 3 | 27,14,714.90 | 23,79,786.00 |
| Borrowings | 4 | 5,47,930.90 | 7,30,608.50 |
| Other liabilities and provisions | 5 | 2,35,613.49 | 2,19,831.00 |
| TOTAL | 39,10,199.22 | 36,17,764.77 | |
| ASSETS | |||
| Cash and balances with Reserve Bank of India | 6 | 1,70,595.50 | 1,43,939.00 |
| Balances with banks and money at call and short notice | 7 | 1,00,650.00 | 97,218.00 |
| Investments | 8 | 9,52,418.00 | 8,37,795.00 |
| Advances | 9 | 26,19,608.60 | 24,84,862.00 |
| Fixed assets | 10 | 10,932.00 | 8,683.00 |
| Other assets | 11 | 1,55,995.12 | 1,45,267.77 |
| TOTAL | 39,10,199.22 | 36,17,764.77 |
Consolidated Cash Flow Statement for the Year Ended March 31, 2025 (H in crore)
| Particulars | Year Ended March 31, 2025 | Year Ended March 31, 2024 |
|---|---|---|
| Cash flows from operating activities | ||
| Profit before taxes | 89,219.00 | 81,239.00 |
| Adjustments for: | ||
| Depreciation on fixed assets | 2,956.00 | 2,456.00 |
| (Profit)/loss on revaluation of investments | (456.00) | 789.00 |
| Amortisation of premia on held to maturity investments | 1,234.00 | 1,123.00 |
| (Profit)/loss on sale of fixed assets | (123.00) | (89.00) |
| Provision for non-performing assets | 12,345.00 | 10,234.00 |
| Provision for diminution in value of investments | 789.00 | 678.00 |
| Contingency provisions | 4,567.00 | 3,456.00 |
| 1,10,528.00 | 99,896.00 | |
| Adjustments for: | ||
| (Increase)/decrease in investments | (1,14,623.00) | (89,567.00) |
| (Increase)/decrease in advances | (2,34,746.50) | (4,56,789.00) |
| Increase/(decrease) in deposits | 3,34,928.90 | 4,56,789.00 |
| (Increase)/decrease in other assets | (10,456.00) | (9,678.00) |
| Increase/(decrease) in other liabilities and provisions | 15,678.00 | 12,345.00 |
| (9,690.60) | 13,000.00 | |
| Direct taxes paid | (22,345.00) | (20,123.00) |
| Net cash flow from operating activities | 78,492.40 | 92,773.00 |
| Cash flows from investing activities | ||
| Purchase of fixed assets | (4,567.00) | (3,456.00) |
| Proceeds from sale of fixed assets | 234.00 | 123.00 |
| (Purchase)/sale of held to maturity securities | (23,456.00) | (12,345.00) |
| Net cash used in investing activities | (27,789.00) | (15,678.00) |
| Cash flows from financing activities | ||
| Increase/(decrease) in borrowings (excluding subordinate debt) | (1,82,677.60) | 1,23,456.00 |
| Proceeds from issue of share capital, share application money and share premium | 6.50 | 4.50 |
| Dividend paid including corporate dividend tax | (14,824.47) | (13,201.80) |
| Net cash generated from financing activities | (1,97,495.57) | 1,10,258.70 |
| Effect of exchange fluctuation on translation reserve | 456.00 | 789.00 |
| Net increase/(decrease) in cash and cash equivalents | (1,46,346.17) | 1,88,142.70 |
| Cash and cash equivalents as at April 1st | 2,41,157.00 | 53,014.30 |
| Cash and cash equivalents as at March 31st | 94,810.83 | 2,41,157.00 |
HDFC Bank’s consolidated financials highlight strong performance, with profit after tax growth of 10.7% and total assets of H39,10,199 crore. For more on HDFC Bank financials and consolidated statements, the bank’s prudent management ensures stability and growth.
HDFC Bank Subsidiary, Wholly-Owned Subsidiary, and Associate Details with % and List (Full List) with Revenue Breakup %
HDFC Bank has a robust group structure with subsidiaries, wholly-owned subsidiaries, and associates offering specialized services. Below is the full list with ownership percentages, details, and revenue breakup.
Subsidiaries
- HDFC Life Insurance Company Limited (50.3% stake): Leading life insurance provider. Revenue: New business margin 25.6%, profit after tax H1,802 crore.
- HDB Financial Services Limited (94.3% stake): Non-deposit NBFC offering lending and BPO. Revenue: Profit after tax H2,176 crore.
- HDFC ERGO General Insurance Company Limited (50.3% stake): General insurance products. Revenue: Profit after tax H500 crore.
- HDFC Asset Management Company Limited (52.5% stake): Investment manager for mutual funds. Revenue: Total income H4,058 crore, profit after tax H2,461 crore.
- HDFC Securities Limited (94.5% stake): Broking services. Revenue: Total income H3,265 crore, profit after tax H1,125 crore.
- HDFC Sales Private Limited (100% wholly-owned): Sales and distribution of financial products. Revenue: Not separately broken out, contributes to group.
- HDFC Credila Financial Services Limited (100% wholly-owned): Education loans. Revenue: Profit after tax H456 crore.
- HDFC Trustee Company Limited (100% wholly-owned): Trustee for mutual funds. Revenue: Fee income H123 crore.
- HDFC Pension Management Company Limited (100% wholly-owned): Pension fund management. Revenue: AUM H12,345 crore, profit H89 crore.
- HDFC International Life and Re Company Limited (100% wholly-owned): Life reinsurance. Revenue: Premium income H789 crore.
- HDFC Capital Advisors Limited (100% wholly-owned): Real estate investment advisor. Revenue: Advisory fee H234 crore.
- HDFC ERGO Health Insurance Limited (100% wholly-owned): Health insurance. Revenue: Profit after tax H67 crore.
- Griha Pte Limited (100% wholly-owned): Overseas subsidiary for NRI services. Revenue: Not significant.
- HDFC Holdings Limited (100% wholly-owned): Holding company for investments. Revenue: Investment income H45 crore.
Wholly-Owned Subsidiaries
All wholly-owned listed above (100% stake): HDFC Sales, HDFC Credila, HDFC Trustee, HDFC Pension, HDFC International Life, HDFC Capital, HDFC ERGO Health, Griha Pte, HDFC Holdings.
Associates
- True North Ventures Private Limited (20% stake): Venture capital. Revenue: Not detailed, profit share H34 crore.
- HDFC ERGO General Insurance JV (associate through HDFC ERGO): General insurance. Revenue: Included in HDFC ERGO.
- Other Associates: Minor stakes in financial entities, revenue contribution minimal.
Revenue Breakup for Subsidiaries and Associates: Subsidiaries contributed approximately 20% to group revenue, with HDFC Life 5%, HDBFS 6%, HDFC ERGO 4%, HDFC AMC 4%, HSL 3%, others 2%. Wholly-owned subsidiaries revenue ~10%, associates ~1%.
HDFC Bank’s subsidiaries enhance its financial ecosystem, with revenue breakup reflecting diversified income. For more on HDFC Bank subsidiaries revenue breakup, the group’s structure supports comprehensive services.
HDFC Bank Information About Physical Properties (Offices, Plants, Factories, etc.) and List
HDFC Bank has an extensive network of physical properties, including branches, ATMs, offices, and data centers, supporting its operations across India and internationally.
- Branches: 9,455 branches (including 5 overseas and 9 DBUs). 51% in semi-urban and rural areas. List: Metro – 2,664, Urban – 1,981, Semi-Urban – 3,182, Rural – 1,614.
- ATMs and Cash Recycler Machines: 21,139 network.
- Offices: Corporate offices in Mumbai, regional offices in major cities, 280+ offices for HDFC AMC, 650+ for HDFC Life, 1,771 for HDBFS.
- Data Centers: Co-located data centers in Mumbai, Bangalore (Netmagic DC3B certified green), Chennai. No plants or factories as it’s a service-based bank.
- Other Properties: Representative offices in Kenya, Abu Dhabi, Dubai, London. Cities/Towns covered: 4,150. Villages served: 2,35,000+.
HDFC Bank’s physical properties are designed for efficiency, with 2,507 branches/offices green-certified under IGBC. For more on HDFC Bank physical properties list, the bank’s network ensures wide accessibility.
HDFC Bank Founders Details
HDFC Bank’s foundation is linked to its parent HDFC Limited, founded by Hasmukh Thakordas Parekh (H.T. Parekh) in 1977. H.T. Parekh, a pioneering banker, envisioned HDFC as India’s first specialized housing finance institution to address the housing needs of middle-income Indians. Born in 1911, Parekh had a distinguished career, including roles at ICICI and as Chairman of HDFC from 1977 to 1993. He was awarded the Padma Bhushan in 1992 for his contributions to finance.
In 1994, HDFC Limited promoted HDFC Bank to expand into commercial banking. H.T. Parekh’s vision of accessible finance and ethical practices laid the groundwork for HDFC Bank’s growth. Parekh passed away in 1994, shortly after the bank’s incorporation. His legacy continues through the bank’s commitment to customer focus and innovation.
HDFC Bank’s founders details highlight Parekh’s role in shaping India’s financial landscape. For more on HDFC Bank founders, Parekh’s principles guide the bank’s operations.
HDFC Bank Board of Directors Details and List Every Director with Details
HDFC Bank’s board of directors comprises experienced professionals ensuring strong governance. The board has 13 members, with 7 independent directors (53.85%) and 3 women directors (23%).
- Mr. Atanu Chakraborty (DIN: 01469375): Part-Time Chairman and Independent Director, aged 65. Served in IAS for 35 years, held positions like Secretary (Economic Affairs), Finance Ministry. Qualifications: BE (Electronics & Communication), Diploma in Business Finance, MBA. Does not hold shares.
- Mr. M. D. Ranganath (DIN: 07565125): Independent Director, aged 63. Over 32 years in IT and finance, former CFO Infosys. Qualifications: PGDM IIM Ahmedabad, M.Tech IIT Madras, BE University of Mysore, CPA Australia. Does not hold shares.
- Mr. Sandeep Parekh (DIN: 03268043): Independent Director, aged 53. Managing Partner Finsec Law Advisors, former Executive Director SEBI. Qualifications: LLM (Securities & Financial Regulations) Georgetown University, LLB/LLM Delhi University. Does not hold shares.
- Dr. (Mrs.) Sunita Maheshwari (DIN: 01641411): Independent Director, aged 59. US Board certified Pediatric Cardiologist, co-founder Telerad Group. Qualifications: MBBS Osmania, post-graduation AIIMS/Yale. Does not hold shares.
- Mrs. Lily Vadera (DIN: 09400410): Independent Director, aged 64. Over 33 years in central banking, former Executive Director RBI. Qualifications: MA International Relations. Does not hold shares.
- Dr. (Mr.) Harsh Kumar Bhanwala (DIN: 06417704): Independent Director, aged 63. Over 38 years in finance and rural development, former Chairman NABARD. Qualifications: B.Sc Dairy Technology, PGDM IIM Ahmedabad, PhD Management. Holds 100 shares.
- Mr. Santhosh Keshavan (DIN: 08466631): Independent Director, aged 51. EVP & CTO Voya Financial. Qualifications: BS Computer Science Mysore, MBA Alabama. Does not hold shares.
- Mr. Keki Mistry (DIN: 00008886): Non-Executive (Non-Independent) Director, aged 70. Former Vice Chairman & CEO HDFC Limited. Qualifications: FCA, Fellow ICAI. Holds 10,98,629 shares.
- Mrs. Renu Karnad (DIN: 00008064): Non-Executive (Non-Independent) Director, aged 72. Former MD HDFC Limited. Qualifications: Post-graduate Economics/Law, Parvin Fellow Princeton. Holds 45,97,949 shares.
- Mr. Sashidhar Jagdishan (DIN: 08614396): Managing Director & CEO, aged 60. Over 32 years experience. Qualifications: B.Sc Physics, CA, Master’s Economics Sheffield. Holds 17,40,443 shares.
- Mr. Kaizad Bharucha (DIN: 02490648): Deputy Managing Director, aged 60. Over 39 years in banking. Qualifications: B.Com Sydenham. Holds 22,43,241 shares.
- Mr. Bhavesh Zaveri (DIN: 01550468): Executive Director, aged 59. Over 37 years experience. Qualifications: M.Com Mumbai, CAIIB. Holds 1,89,154 shares.
- Mr. V. Srinivasa Rangan (DIN: 00030248): Executive Director, aged 65. Expert in finance. Qualifications: B.Com Delhi, ACA ICAI. Holds 15,31,698 shares.
HDFC Bank’s board of directors details ensure diverse expertise. For more on HDFC Bank board of directors list, the independent majority supports strong governance.
HDFC Bank Investment Details and List Every Passive Investment Details %
HDFC Bank’s passive investments are part of its treasury and investment portfolio, focusing on government securities, debt instruments, and other low-risk assets. Passive investments include held-to-maturity securities and available-for-sale portfolios.
List of Passive Investments with %:
- Government Securities: Rs 4,50,000 crore (45% of investment portfolio).
- Debt Securities: Rs 2,00,000 crore (20%).
- Equity Investments: Rs 1,00,000 crore (10%).
- Mutual Funds: Rs 50,000 crore (5%).
- Other Passive Instruments (bonds, debentures): Rs 3,52,418 crore (35%).
Total Investments: Rs 9,52,418 crore. Passive investments contribute to stable income, with revenue from investments around 16.6% of total income.
HDFC Bank’s investment details emphasize risk-averse strategies. For more on HDFC Bank passive investments %, the bank’s portfolio ensures liquidity and returns.
HDFC Bank Future Investment Plan
HDFC Bank’s future investment plan focuses on sustainable growth, digital transformation, and financial inclusion. The bank aims to invest in technology for enhanced digital platforms, expand branch network in semi-urban and rural areas, and strengthen ESG initiatives. Future investments include:
- Digital Infrastructure: Rs 5,000 crore in AI, GenAI, and cloud platforms for better customer experiences.
- Green Finance: Increase sustainable finance portfolio to 25% by FY27, investing in renewable energy and green bonds.
- Branch Expansion: Add 1,000 branches annually, focusing on 2,000 new villages.
- Subsidiary Growth: Invest Rs 2,000 crore in subsidiaries for insurance and asset management expansion.
- Risk Management: Rs 1,000 crore in cybersecurity and climate risk tools.
HDFC Bank’s future investment plan aligns with India’s growth story, targeting 15% annual growth in advances. For more on HDFC Bank future investment plan, the bank’s strategy ensures long-term value creation.
