Business

9 months ago

HDFC-HDFC Bank United to Outgrow Top 4 Private, 13 PSU Lenders by Market Cap

HDFC-HDFC Bank (symbolic picture)
HDFC-HDFC Bank (symbolic picture)

 

IIE Digital Desk : The combined market capitalization of HDFC and HDFC Bank is set to surpass that of the top four private lenders and 13 state-owned banks, according to a report by Emkay Global. The report said that the combined market capitalization of the two lenders is likely to reach Rs 14.7 lakh crore by the end of the current financial year. This would make it the largest lender in India by market capitalization, surpassing the current leader, State Bank of India.

The report attributed the growth of HDFC and HDFC Bank to their strong financial performance and their dominant positions in the retail and corporate banking segments. HDFC Bank is the largest private sector bank in India by assets, while HDFC is the largest housing finance company. The report said that the merger of HDFC and HDFC Bank is likely to further boost their growth prospects. The merger would create a lender with a larger customer base and a wider range of products and services. This would allow the lender to compete more effectively with other large banks in India.


You might also like!

No data