HDFC Bank Limited Financial | Foreign Regional Banks | India HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits. The company also offers personal, business, home, consumer durable, car, two wheeler, gold, educational, rural, and term loans; loans for professionals; loans against property, securities, and assets; overdrafts; government sponsored programs; and working capital, healthcare, channel, short term, structured, dealer, and vendor finance, as well as agricultural lending. In addition, it provides credit, debit, and prepaid cards; private banking services; export, import, remittance, bank guarantees, and letter of credit services, as well as merchant and cash management services; life, health, motor, travel, and home insurance products; and investment product, such as mutual funds, equities and derivatives, IPO, and bonds. Further, the company offers bill discounting, real time gross settlement, bankers to right/public issue, forex, money market, employees trusts, and tax collection services; and investment banking services in the areas of project appraisal, structured finance, loan syndication, debt capital markets, equity placement, mergers and acquisitions, corporate advisory, and capital market advisory services. Additionally, it provides correspondent banking, settlement, custodial, disbursement, clearing, and administrative and fiduciary support services, as well as online and mobile banking services. As of March 31, 2017, the company operated a network of 4,715 branches and 12,260 ATMs in 2,657 cities/towns. HDFC Bank Limited was founded in 1994 and is based in Mumbai, India.
Chart looks good. Even a former resistance proven as support. ATR is 1.91, so put a stop $2 below Friday's close and you're only risking ~2%.
Looks amazing on chart to breakout of highs early 2024. I may buy and hold next time paid 24th this month.
The Reserve Bank of India (RBI) said on Wednesday that State Bank of India (SBI), HDFC Bank, and ICICI Bank remain classified as systemically important banks, with SBI and HDFC Bank required to maintain additional capital buffers starting April 2025. From April 1, 2025, SBI’s additional capital requirement will increase by 20 basis points (bps) to 0.80 per cent of its risk weighted assets from the current 0.60 per cent. Similarly, HDFC Bank’s additional capital requirement will increase by the same quantum to 0.40 per cent of its risk weighted assets from 0.20 per cent currently. Systemically important banks are those considered too big to fail due to their size, cross-jurisdictional activities, complexity, lack of substitutability, and interconnectedness. The disorderly failure of these banks has the potential to cause significant disruption to the essential services they provide to the banking system, and in turn, to the overall economic activity.
