HDFC Corporate Update
Associates and Subsidiaries
HDFC
HDFC BANK
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21.03% owned by HDFC
ADRs listed on NYSE
5,686 banking outlets, 16,642 ATMs
Key business areas
Wholesale banking
Retail banking
Treasury operations
Financials (as per Indian GAAP) for the half year ended September 30, 2021
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Advances as at September 30, 2021, stood at Rs. 11,988 bn - an increase of 16% over
the previous year
Total deposits stood at Rs. 14,063 bn - an increase of 14% over the previous year
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PAT (Indian GAAP): Rs. 165.64 bn an increase of 17% over the previous year
Arrangement between HDFC & HDFC Bank
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HDFC Bank sources home loans for a fee
Loans originated in the books of HDFC
HDFC offers a part of the disbursed loans for assignment to HDFC Bank (up to 70% of loans
sourced by HDFC Bank)
HDFC retains a spread on the loans that have been assigned
Market Capitalisation (September 30, 2021): ~US$ 119 bn
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