HDFC Bank SWOT Analysis 2024 – The Housing Development Finance Corporation Limited

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SWOT Analysis Of HDFC Bank analyzes, HDFC Bank is one of India’s leading private banks and was among the first to receive approval from the Reserve Bank of India (RBI) to set up a private sector bank in 1994. Today, HDFC Bank has a banking network of 5,653 branches and 16,291 ATMs in 2,917 cities/towns. The Housing Development Finance Corporation (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 the RBI’s liberalization of the Indian Banking Industry in 1994. HDFC Bank is headquartered in Mumbai.

Did you know?

HDFC bank is among the few banks of national importance which have zero debt exposure to Kingfisher Airlines which went broke a couple of years ago and has extensive outstanding loans in India.

HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995. HDFC was promoted by the Industrial Credit and Investment Corporation of India (ICICI). Hasmukh Bhai Parekh played a key role in the foundation of this company which started with the main aim of solving the housing shortage in India and started rising steadily thereafter.

This can only be achieved through a firm with extensive knowledge, experience, and innovative strategies. To determine the strengths of the company potential, weaknesses, opportunities, and threats, it is necessary to conduct a SWOT analysis by HDFC Bank.

HDFC Bank At A Glance – HDFC Bank SWOT Analysis

Company: The Housing Development Finance Corporation Limited
Founders: Hasmukhbhai Parekh
Year of establishment: August 1994, India
CEO: Sashidhar Jagdishan
Headquarters: Mumbai
Employees (Dec 2020): 120,093
Ticker Symbol: HDB
Type: Public
Annual Revenue (Dec 2020): US$16 Billion [INR₹120,883 crores]
Profit net income (Dec 2020): US$4.1 Billion [INR₹31,116 crore]

Products & Services: Credit cards | Consumer banking | Commercial banking | Finance and insurance | Investment banking | Mortgage loans | Private banking | Private equity | Wealth management

Company Website:

Top HDFC Bank Competitors 

Competitors: ICICI Bank | Axis Bank | IndusInd Bank | Bank of Baroda | Punjab National Bank | Kotak Mahindra | State Bank of India

HDFC Bank SWOT Analysis – SWOT Analysis Of HDFC Bank

SWOT Analysis Of HDFC Bank analyzes the brand based on its strengths weak points, weaknesses, opportunities, and threats. With HDFC Bank SWOT Analysis it is clear that the advantages and disadvantages are internal factors, while threats and opportunities are external elements. Here we are going to talk about HDFC Bank SWOT Analysis. Below Is The Detailed SWOT Analysis Of HDFC Bank.

HDFC Bank Strengths – HDFC Bank SWOT Analysis

  • HDFC Bank is India’s second-biggest bank in the private sector of banking segment in India with 2,201 branches as well as 7,110 ATM’s
  • HDFC Bank is situated in 1174 cities across India and has over 800 branches that serve customers with telephone banking
  • This bank’s ATM card works with every domestic as well as internationally accepted Visa/Master cards, Visa Electron/ Maestro Plus/circus, as well as American Express. This is a major reason why HDFC credit cards being the top choice card for online and shopping transactions
  • HDFC bank is a top-rated institution with a high amount in client satisfaction when compared with other private banks.
  • The rate of attrition in HDFC is very low, and it is among the most rewarding places to work in private banking.
  • HDFC has won numerous distinctions and awards and has won the “Best Bank Award’ from different financial rating agencies such as Dun and Bradstreet, Financial express, Euromoney awards for excellence, Finance Asia country awards etc.
  • HDFC has expert financial advisors who are adept at helping customers make the right investment decisions

HDFC Bank Weaknesses – HDFC Bank SWOT Analysis

  • HDFC bank does not have a significant presence in rural areas while ICICI bank, its closest competitor is growing in the areas of rural market
  • HDFC does not enjoy the first-mover advantages when it comes to rural regions. Rural residents are staunch loyal when it comes to banking services.
  • HDFC does not have aggressive advertising strategies as ICICI
  • The bank is focused on clients with high-end needs.
  • A few of the bank’s products categories aren’t up to the performance department and aren’t able to compete on the market
  • HDFC’s share prices HDFC tend to fluctuate, creating uncertainty for investors

HDFC Bank Opportunities – HDFC Bank SWOT Analysis

  • HDFC bank has higher attributes for asset quality than the bank owned by government, and therefore the growth in profits is expected to rise.
  • Large and SME are expanding at a speed. HDFC is well-known for its ability to manage account for corporate salaries.
  • HDFC bank has strengthened its bad loans portfolio and its repayment of bad debts is higher when compared with banks that are backed by government
  • HDFC is a great place to start. chances to expand its reach abroad
  • Potential for strategic alliances and acquisitions because of the company’s strong financial position

HDFC Bank Threats – HDFC Bank SWOT Analysis

  • HDFC’s non-performing assets (NPA) has increased from 0.18 percent to 0.20 percent. Although it’s a small deviation, it’s not an excellent indicator for the financial health of the bank.
  • The non-banking financial institutions and the new old-fashioned banks are growing in India
  • The HDFC cannot grow it’s shares of the market because ICICI is a significant threats
  • The banks of the government are trying to be modernized to compete with private banks.
  • RBI has granted the possibility of up to 74% to foreign banks to invest in the Indian market.

HDFC Bank SWOT Analysis Overview Template 

HDFC Bank SWOT Analysis Overview Template

This is the SWOT report that HDFC Bank has done. Please let us know if you have additional suggestions to add.

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