HDFC Bank Limited: HDFC Bank is an Indian private-sector bank founded in 1994. Its FY2025-26 annual report lists INR 1,91,218.60 crore of net revenues, INR 74,671.30 crore of profit after tax, and 211,178 employees.
HDFC Bank Key Facts
- Founded: HDFC Bank was incorporated in 1994 after India opened the door to new private-sector banks. It was promoted by Housing Development Finance Corporation, commonly known as HDFC.
- Headquarters: Mumbai, Maharashtra, India
- CEO: Sashidhar Jagdishan
- FY2025-26 revenue: $21.5B
- Profit metric: $8.41B
- Employees: 211,178
How HDFC Bank Makes Money
HDFC Bank's business model is built on gathering low-cost deposits, lending to retail and wholesale customers, earning net interest income, and adding fee income from payments, cards, foreign exchange, cash management, wealth, distribution, and digital banking. Scale, risk controls, technology, and branch productivity are central to returns.
- Net Interest Income: Spread income from loans, investments, and funding after interest expense.
- Other Income: Fees, commissions, foreign exchange, derivatives, investment income, and other banking income.
- Digital, Cards, Payments, and Distribution: Transaction, card, payment, wealth, and distribution income tied to customer relationships.
HDFC Bank History
HDFC Bank began in 1994 as one of India's new private-sector banks, promoted by HDFC. Its early advantage came from professional risk management, service quality, technology adoption, and a focus on profitable retail and corporate banking.
- 1994 - HDFC Bank Incorporated: HDFC Bank is incorporated as one of India's new private-sector banks.
- 1995 - Banking Operations Begin: The bank begins operations and builds a private-sector banking franchise.
- 2000 - Times Bank Merger: HDFC Bank merges with Times Bank, one of its early scale-building deals.
- 2023 - HDFC Ltd Merger Completed: HDFC Bank completes the merger with parent HDFC Ltd, creating a much larger banking balance sheet.
- 2026 - FY2025-26 Net Revenues Reach INR 1,91,218.60 Crore: HDFC Bank reports INR 1,91,218.60 crore in net revenues and INR 74,671.30 crore in profit after tax.
Strategy and Risks
HDFC Bank competes with State Bank of India, ICICI Bank, Axis Bank, Kotak Mahindra Bank, public-sector banks, non-bank finance companies, and fintechs. It wins when deposit trust, underwriting discipline, digital convenience, and cross-sell depth reinforce one another.
The outlook depends on deposit growth, advances growth, cost of funds, net interest margin, asset quality, branch productivity, digital adoption, and regulatory expectations after the HDFC merger.
HDFC Bank FAQs
What was HDFC Bank's revenue in FY2025-26?
HDFC Bank reported $21.5B in FY2025-26 revenue. See the revenue history for source notes and currency details.
How many employees does HDFC Bank have?
HDFC Bank reports about 211,178 employees or people in the latest sourced disclosure used for this profile.
Who leads HDFC Bank?
Sashidhar Jagdishan leads HDFC Bank.
When was HDFC Bank founded?
HDFC Bank was incorporated in 1994 after India opened the door to new private-sector banks. It was promoted by Housing Development Finance Corporation, commonly known as HDFC.
How does HDFC Bank make money?
HDFC Bank makes money from net interest income on loans and investments, fees and commissions, foreign exchange and derivatives, treasury income, card and payment services, wealth and distribution fees, and other banking income.
Is HDFC Bank profitable?
HDFC Bank reported $8.41B in FY2025-26 net income or profit.
What is HDFC Bank's biggest strategic issue?
The biggest issue is sustaining deposit growth, loan growth, technology execution, asset quality, and customer service after the HDFC merger while protecting net interest margin.
