HDFC Securities Ltd. share pricing

 

HDFC Bank Ltd., formerly known as Hindustan Petroleum Corporation Limited (HPC), is India’s largest private sector bank. Founded in 1955, it was listed on the Bombay Stock Exchange in 1962. The company offers banking services such as personal loans, credit cards, savings accounts, fixed deposits, current accounts, foreign exchange, trade finance, merchant cash advances, overdrafts, investment portfolios, insurance, mutual funds, real estate, mortgages, leasing, and other financial products.

The bank’s network

The bank offers a wide range of banking products and services through its network of over 9,500 branches, 2,800 automated teller machines, and 4,400 ATMs across India. The bank also operates over 3,100 customer service centers.

HDFC Bank has a negative equity value because of its immense exposure to non-performing assets or NPAs. In 2016, the bank reported a gross NPA ratio of 4.16% and a net bad loan ratio of 3.37%. It means that only 37.3% of its loans were performing well.

HDFC Securities

HDFC Securities Limited (HDFC) is a subsidiary of HDFC Bank Ltd. The company was incorporated in India in the year 2000. It started its operations in Mumbai in 2002.

• HDFC Securities Limited is one of the largest stock broking companies in India.
  
  
• Since its inception, HDFC Securities has grown into a diversified financial services provider offering various banking products such as personal loans, home loans, auto finance, credit cards, mutual funds, equity investments, etc.
  
  
• It offers securities trading through its subsidiaries HDFC Securities Limited and HDFC Capital Markets Limited.
  
  
• In addition, HDFC Securities provides other related services such as investment advisory, wealth management, brokerage, merchant banking, private placement, corporate funding solutions, and venture capital.
  
  

HDFC Securities market capitalization

Hdfc sec share prices are currently trading at Rs 653.55 per share, down 0.76% from its previous close of Rs 655.25. The stock has gained 2.72% over the last three months. HDFC Securities shares have seen a steady rise over the years. On July 31, 2017, HDFC Securities had a market capitalization of Rs 2.49 lakh crore. Since then, the stock price has risen from Rs 969 per share to Rs 4,848 as of March 2018. HDFC Securities Unlisted shares price today has reached Rs 778.60 per share.

HDFC Sec offerings to customers

In April 2017, the Reserve Bank of India (RBI) granted permission to HDFC Bank to raise equity capital through public issues. In July 2018, HDFC Bank launched a new scheme called 'HDFC Bank Wealth Builder' to offer individuals retirement plans.

• HDFC Bank claims that the card will provide instant access to savings accounts and loans through Bajaj Finserv ATM Network.
  
  
• Moreover, the card will also come with an exclusive membership program, where members will get benefits such as free travel insurance and discounts on premium car insurance.

As a leading Indian bank, Hdfc bank has been able to stay ahead of the competition. The company has also taken steps toward becoming a global player. That's why Hdfc bank should be on your radar.