HDFC Bank Share Price, Stock Analysis & Merger Details
Welcome to the comprehensive stock analysis page for HDFC Bank Ltd. Here, you can track the HDFC Bank share price, analyse the bank's financial health, and understand the impact of the historic merger with HDFC Limited. Whether you are tracking the HDFC Bank share price today for investment decisions or monitoring your portfolio, this page provides all the essential tools and reports for a detailed stock analysis.
About HDFC Bank
HDFC Bank is India's largest private sector bank and one of the most valuable financial institutions in the world. Established in 1994, it has grown from a retail-focused bank into a comprehensive financial services powerhouse serving millions of customers across retail, wholesale, treasury, and other banking segments.
Following the landmark merger with HDFC Limited in 2023, HDFC Bank transformed into a complete financial services conglomerate. With a market capitalisation exceeding $100 billion, it is among the top four most valuable banks globally and offers an end-to-end suite of banking, insurance, asset management, and securities services.
The HDFC Bank - HDFC Limited Merger: What Happened?
On 1 July 2023, HDFC Bank completed one of the largest corporate mergers in Indian history by absorbing its parent company, HDFC Limited (Housing Development Finance Corporation). This merger marked a watershed moment in India's financial sector.
1. The Rationale
The merger brought together complementary strengths:
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HDFC Limited's Expertise: India's largest housing finance company with decades of experience in home loans and a trusted brand.
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HDFC Bank's Low-Cost Funds: A retail banking giant with access to current and savings accounts (CASA), offering one of the lowest costs of funds in the industry.
The combined entity now benefits from enhanced scale, a stronger balance sheet, and the ability to underwrite larger infrastructure and corporate loans.?
2. Share Swap Ratio
Shareholders of HDFC Limited received 42 shares of HDFC Bank for every 25 shares held as of the record date (13 July 2023).
Example: If you held 100 shares of HDFC Limited, you would have received 168 shares of HDFC Bank after the merger.
3. Post-Merger Structure
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No Promoter: Post-merger, HDFC Bank became 100% publicly owned with no identified promoter. Former HDFC Limited shareholders collectively hold approximately 41% of the merged entity.?
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New Subsidiaries: HDFC Bank now houses major subsidiaries like HDFC Life Insurance, HDFC ERGO General Insurance, HDFC Asset Management, HDFC Securities, and HDB Financial Services.?
4. Market Impact
The merger significantly boosted HDFC Bank's market capitalisation and index weightage. In the Nifty 50 index, the merged entity's weight rose to approximately 14.4%, making it the heaviest-weighted stock. In the Nifty Bank index, its weightage increased to 29%.
HDFC Bank Business Model
HDFC Bank operates on a diversified universal banking model:
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Retail Banking: Covers home loans, personal loans, car loans, credit cards, and deposits—all backed by an extensive branch and digital network.
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Wholesale Banking: Serves corporates, SMEs, and government entities with working capital, trade finance, and cash management services.
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Treasury Operations: Manages the bank's investment portfolio, foreign exchange, and derivatives trading.
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Financial Services Ecosystem: Through subsidiaries, the bank offers life insurance, general insurance, mutual funds, stockbroking, and consumer finance.
Investor Resources Available on This Page
We believe in empowering retail investors with professional-grade data. On this page, you can access a wealth of information to conduct your own HDFC Bank stock analysis:
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Interactive Price Chart: Analyse historical price movements and trends (data delayed by 15 minutes).
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Banking-Specific Ratios: Access key metrics like CASA ratio, Net Interest Margin (NIM), Gross NPA, Net NPA, Capital Adequacy Ratio (CAR), and traditional valuation ratios (P/E, P/B).
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Quarterly Results & Balance Sheet: Review the bank's latest quarterly earnings, advances, deposits, and profitability metrics.
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Shareholding Pattern: Check the latest ownership data, including participation by FIIs, DIIs, and retail investors.
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Annual Reports: Download official Annual Reports and investor presentations directly from the "Reports Section" on this page.
Frequently Asked Questions (FAQs)
Q1. What is the HDFC Bank share price today?
The share price displayed at the top of this page reflects the latest trading value on the NSE and BSE. Please note that the price chart data is delayed by 15 minutes.
Q2. When did the HDFC Bank and HDFC Limited merger happen?
The merger became effective on 1 July 2023. The share swap record date was 13 July 2023, when HDFC Limited shareholders received their HDFC Bank shares.
Q3. What was the share swap ratio in the merger?
Shareholders of HDFC Limited received 42 shares of HDFC Bank for every 25 shares of HDFC Limited held.
Q4. Does HDFC Bank pay dividends?
Yes, HDFC Bank has a consistent track record of paying dividends. You can view the dividend yield and history in the "Corporate Actions" section on this page.
Q5. Is HDFC Bank a zero-NPA bank?
No bank can be zero-NPA, but HDFC Bank maintains one of the lowest NPA ratios in the industry. You can check the latest Gross NPA and Net NPA figures in the "Ratios" section on this page.
Q6. Where is HDFC Bank listed?
HDFC Bank shares are listed and traded on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Q7. What is the face value of HDFC Bank shares?
The face value of each equity share is Rs 1.