HDFC Housing development Finance Corporation has routed global majors like Credit Suisse, DB group and Standard Chartered to mark its 45th position in the top 50 banks of the world. It has a market capitalization of $41 billion, while the other majors have a close of $40.58 billion.
A considerable 30 per cent of shares of HDFC are held by FFI (Foreign Financial Investors), 26.88 per cent by others while 23 per cent is held by the promoters.
The shares are further pulled to 10 per cent of domestic institutional investors and later completing the gap of 8 per cent by the individual investors.
HDFC has reported a 20 per cent in the net profit at Rs. 2,381.5 crore for the second quarter, while ended in September 2014.
Trailing for the past, HDFC has posted at 30 per cent profit growth for 37 straight quarters, thus making them one of the most promising stocks.
The company earns, it must also return to the society and that companies owe a responsibility not just to shareholders, but also to all its stakeholders.
A man with a mission and his simple yet profound philosophy of Corporate Social Responsibility (CSR) have resulted in this unprecedented success.
Others well ahead in this competition were Well Fargo of USA being the largest in the world based market capitalization, also being crowned as the 2nd largest bank in the USA by deposits and debit cards. The top 10 companies in this race include the four from USA, four from China, one from the UK and likewise one from Australia.
Tags: HDFC
