Is HDFC bigger than SBI?

This is despite the fact that SBI’s balance sheet is four times larger than HDFC Bank, has 10 times more customers, and is owned by the government of India….

Which one is better SBI or HDFC Bank?

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\%. Therefore, HDFC Bank can be a better option if you are looking for a high value amount.

Is HDFC the largest bank?

HDFC Bank is India’s largest private sector bank by assets and by market capitalisation as of April 2021. It is the third largest company by market capitalisation of $122.50 billion on the Indian stock exchanges. It is also the fifteenth largest employer in India with nearly 120,000 employees.

Which private bank is best in India?

ICICI Bank It is one of India’s best private banks. Through a number of delivery channels and group entities, ICICI Bank provides a wide range of banking products and financial services to corporate and retail customers. In India’s Top 5 Private Banks, ICICI is ranked second.

Which is biggest private bank in India?

HDFC Bank
HDFC Bank. By total sales for the year, HDFC Bank is India’s largest private bank.

Why is SBI so popular?

State Bank of India has a strong culture that encourages performance-based growth. The career development system of SBI helps over 200,000 employees keep track of their performance. This also helps SBI employees be dedicated to their career development goals.

What is the difference between HDFC Bank and SBI?

While HDFC Bank has a m-cap of Rs 6.07 lakh crore, SBI with a m-cap of Rs 1.68 lakh crore lags far behind. HDFC Bank stock is up nearly 44 per cent since seeing a record low on March 24, a day ahead of the first coronavirus lockdown. SBI is up nearly 4 per cent in the given period.

Why is HDFC MCAP worth more than SBI?

Now interestingly HDFC MCAP is much bigger than SBI. REASON The sheer worth of the private bank can be made out from the fact that the total market capitalisation (m-cap) of all government-owned banks (including SBI) combined is less than half its value.

How is HDFC Bank in private banking space?

In the private banking space HDFC Bank is one of bank large bank having more than 5,000 branches across the country and most commercially successful bank with net profit 21078 crores being the highest across the banking industry with lowest Gross NPAs below 2\% for the FY 2018-19.

Is HDFC Bank a nationalised bank?

No, HDFC Bank is not a nationalised bank. It is purely a Private bank. The Housing Development Finance Corporation Limited (HDFC) was amongst the first to receive an ‘in principle’ approval from the Reserve Bank of India (RBI) to set up a bank in the private sector, as part of RBI’s liberalisation of the Indian Banking Industry in 1994.