Will SBI snatch the most India's profitable firm tag from HDFC Bank? - ET BFSI (2024)

FAQs

Will SBI snatch the most India's profitable firm tag from HDFC Bank? - ET BFSI? ›

Will SBI snatch the most India's profitable firm tag from HDFC Bank? Despite HDFC Bank's current lead, experts expect SBI to retain the title, especially given the traditionally strong performance of banks in the fourth quarter, supported by heightened credit demand during this period.

While HDFC Bank exhibited robust revenue and profitability, SBI demonstrated improvement in asset quality and sustained growth in deposits and advances. The contrasting stock price performance further underscores the complexities within the market environment.

State Bank of India (SBI) is the largest public sector bank, which has a vast network and significant rural presence. It holds a 23 per cent market share as well as a strong presence in foreign countries. Recently, SBI overtook Reliance Industries as India's most profitable company.

HDFC Bank is the largest bank in India in terms of market cap and the fourth-largest bank in the world on the same terms. As one of the leading private banks in India, it holds a prominent position in the financial industry.

HDFC Bank has emerged the most profitable company during the first nine months of the current fiscal after posting Rs 44,300-crore net profit, followed by State Bank of India (SBI) and Indian Oil Corporation (IOC).

HDFC Bank has been at the forefront in leveraging technology to give its 43 million customers a superior banking experience. The journey to become a digital banking forerunner began in 2014, with the launch of its 'Bank Aapki Muthhi Mein' campaign from the banks of the Ganges.

Most of the affluent keep personal accounts with State Bank of India. Most of the top civil servants are pleased to be with SBI. One reason, is the transparency.

Kotak Mahindra Bank

Kotak Mahindra is one of the fastest growing banks in India, and the flagship for the financial services conglomerate Kotak Group. The bank's product offer is huge, with a range of services and accounts for personal, corporate, business and private customers.

Which bank is more trusted in India? ›

HDFC Bank, formed in 1994 as a subsidiary of Housing Development Finance Corporation (HDFC), ranks first among the top private banks in India. Also, based on market capitalisation and assets, it is the largest private bank in India.

Headquartered on Park Avenue in New York City, Chase holds the most assets of all banking institutions. It offers numerous checking and savings accounts, investment accounts, business accounts and various types of credit cards.

If you are premium customer with premium account all kinds of bank will serve you the best but if you are normal customer, I think SBI will serve you better. Hdfc have very high interest/charges rates than Sbi if you miss emi/low MAB. If you miss emi hdfc charges it by compound interest.

4. In this comparison, the HDFC Mid-Cap Fund has a Sharpe Ratio of 1.2275, whereas the SBI Mid-Cap Fund's is 1.5180. In comparison to HDFC Mid-Cap Fund, SBI Mid-Cap Fund has a higher Sharpe ratio, which suggests that it has delivered superior risk-adjusted returns.

In India, HDFC Bank has continuously been ranked among the best banks in terms of both assets and client happiness. The Reserve Bank of India (RBI) controls the bank, ensuring that it follows strict financial laws and security procedures.