HDFC Bank currently ranks as the largest private bank in India, both by assets and market capitalization. The company has the third-largest market capitalization on the Indian stock exchanges, with $112.76 billion. With nearly 120,000 employees, it is also the fifteenth largest employer in India.
SBI, HDFC and ICICI are the safest banks by virtue of being declared too big to fail by RBI. It doesn't hurt that they are also financially healthy as well.
Hence, both banks are benchmarked to the same rate, making them a comparable option to choose from. SBI has an average customer ratings of 4.2, while Indian Bank has an average customer rating of 3, based on which it is clear that SBI has a high customer service focus, an easy Home Loan process and a quick turnaround.
New Delhi: HDFC Bank has been adjudged Best Private Bank in India at the Global Private Banking Awards 2021, organised by Professional Wealth Management (PWM).
Citibank and Bank of America offer the most protection for their customers, each providing three additional dimensions of security.
Some of the key results of the comparison between the two banks are: Lowest Interest rate of SBI Loan is 9.60%, which is lower than the lowest interest rate of HDFC Bank at 10.25%. Hence, SBI is offering a cheaper loan option. ... Therefore, HDFC Bank can be a better option if you are looking for a high value amount.
9,594 crore as on June 30, 2019. The various other positive aspects include high growth in net interest margins and improved cost to income ratio. The second aspect to note is that the deposits are AAA rated by CRISIL, which is the highest level of safety.
The Reserve Bank of India (RBI) has retained State Bank of India, ICICI Bank and HDFC Bank as domestic systemically important banks (D-SIBs) or banks that are considered as “too big to fail”.
Employee Ratings
Punjab National Bank scored higher in 5 areas: Career Opportunities, Compensation & Benefits, Work-life balance, Senior Management and CEO Approval. Bank of Baroda scored higher in 2 areas: % Recommend to a friend and Positive Business Outlook. Both tied in 2 areas: Overall Rating and Culture & Values.
HDFC Bank vs ICICI Bank Advances (2016-2021)
For the year ended March 2021, HDFC Bank's advances were 88.9% of its total deposits whereas this figure was 82.5% for ICICI Bank. Clearly, HDFC Bank is more efficient than ICICI Bank in terms of utilising its deposit base.
If you are looking for a salary account that will cater to the banking needs of your entire family, this account from HDFC is the right choice. With benefits like debit card cash, personal accident death cover and zero balance requirements, this account will make banking very convenient.
As per RBI's schedule of banks, available on the RBI website, there are 12 nationalised banks, including State Bank of India, which are also known as public sector banks. This is the safest category, due to the ownership of the government of India, at least more than 50%. ... After PSU banks, come private sector banks.
The Federal Deposit Insurance Corporation (FDIC) insures deposits at FDIC-insured banks. This includes deposits placed in savings accounts, money market accounts, checking accounts and CDs. FDIC coverage ensures that your money is protected in the event of a bank failure.
HDFC Bank is the most leading private bank in private sector banks. HDFC is the abbreviated form of Housing Development Finance Corporation Limited. It was established in the year 1994. This bank is trusted by around 50 million people.
Top paid banker
HDFC Bank's Aditya Puri came right on top of the highest paid bankers in India for FY20 with a 38 per cent jump in salary and perquisites to Rs 18.92 crore. The banker earned an additional Rs 161.56 cr by exercising stock options. Last year he had earned Rs 42.2 crore by exercising stock options.