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Bank
FINANCE | Retail Banking
hdfcbank.com

Investments

48

Portfolio Exits

4

Funds

3

Partners & Customers

10

About HDFC Bank

HDFC Bank (NYSE: HDB) is a financial institution, providing a range of financial products and services throughout India using multiple distribution channels, including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. HDFC's principal business segments are retail banking, wholesale banking, and treasury operations. The company was founded in 1994 and is based in Mumbai, India.

Headquarters Location

First Floor, C.S. No. 6/242 Senapati Bapat Marg, Lower Parel

Mumbai, 400 013,

India

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Latest HDFC Bank News

Daily Voice: Any rally from 22,000 on Nifty to be driven by FMCG, a dark horse, and private sector banks, says Amit Jain of Ashika Global

Feb 21, 2024

Only global macro factors like higher US inflation numbers, a sudden increase in oil prices or a major correction in Nasdaq 100 can derail the rally in Indian markets, he says. Sunil Shankar Matkar Amit Jain is the co-founder of Ashika Global Family Office Services "Nifty at 25,000 looks difficult at least by the exit polls of the Lok Sabha election," says Amit Jain, who co-founded Ashika Global Family Office Services, during an interview with Moneycontrol. However, he believes the Nifty is undervalued because most of the large private sector banks have not participated in this pre-election rally in the last three months. Hence, there are very high chances that any upward journey in Nifty from 22,000 levels will be led by private sector banks along with some leading FMCG names, says the expert with more than 18 years in the Indian banking and financial services industry. Story continues below Advertisement Jain believes that FMCG will be a dark horse. "This sector has not performed as there had been a slowdown in the Indian rural market from the last two years." Edited excerpts: Do you think the market has entered a pre-election rally? If yes, can the Nifty 50 move up to 25,000 by the exit poll of the Lok Sabha elections? In my view, the market is already in a pre-election rally starting from October 30, 2023. Since the Nifty was close to 19,140, the market is almost up by 16 percent. Now most of the earnings season is behind us, hence I believe the market will take any further clue on its direction from global markets. Related stories The only factors that can derail the rally in the Indian stock market will be global macro factors like higher inflation numbers for the US going forward, a sudden increase in oil prices due to an increase in geopolitical risk or a major correction in Nasdaq 100, which looks overvalued at current levels of 16,000. I am extremely conscious of US tech stocks at current levels and believe that the market will find its own reasons to bring these valuations to fair levels, which will have a ripple effect on global stock markets. Do you see reasonable valuations in the financial space now? I see compelling buy valuations in the financial sector of India at current levels. At this moment, most of the negatives in the financial sector are already priced in by the market, hence, there is a very limited downside in this sector at current levels. Our team has already recommended HDFC Bank at the rate of Rs 1,400 and Kotak Mahindra Bank at the rate of Rs 1,700 to all our Global Family Offices and Ultra HNI clients. Also, I see some good entry points in PSU banks like Bank of Baroda, Bank of India, and Union Bank with staggered approach of investment at periodic intervals. Do you think the expected slowdown in inflation and jobs data will allow the US Federal Reserve to cut interest rates in June instead of the second half of 2024? As we have the US general elections in November 2024, there are very high chances that the US government will push the US Fed to have at least two rate cuts before November’s general elections. Keeping this thesis in mind there are very high chances that we will have the first rate cut by June 2024. Is it the right time to bet on the FMCG sector, the biggest underperformer among sectors? Yes, like the financial sector, I believe the FMCG will be the dark horse for the next upward move of Nifty from the current levels of 22,000. This sector has not performed as there has been a slowdown in the Indian rural market for the last two years. However, there are very high chances that the slowdown in the rural market will go away in the election year as there will be a lot of spending formally and informally by the central and state governments to woo voters. This spending will boost the rural demand and subsequently have a positive ripple effect on the FMCG sector and its share prices. Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. Sunil Shankar Matkar first published: Feb 21, 2024 06:11 am Discover the latest business news , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! Advertisement

HDFC Bank Investments

48 Investments

HDFC Bank has made 48 investments. Their latest investment was in Cashinvoice as part of their Series A on February 07, 2024.

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HDFC Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/7/2024

Series A

Cashinvoice

$3.4M

Yes

3

1/30/2024

Seed

BlackOpal Group

$3M

Yes

State Bank of India, and Undisclosed Investors

1

1/18/2024

Grant

BONV Aero

Yes

2

4/24/2023

Unattributed

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10

2/21/2023

Series A

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$99M

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10

Date

2/7/2024

1/30/2024

1/18/2024

4/24/2023

2/21/2023

Round

Series A

Seed

Grant

Unattributed

Series A

Company

Cashinvoice

BlackOpal Group

BONV Aero

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Amount

$3.4M

$3M

$99M

New?

Yes

Yes

Yes

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Co-Investors

State Bank of India, and Undisclosed Investors

Sources

3

1

2

10

10

HDFC Bank Portfolio Exits

4 Portfolio Exits

HDFC Bank has 4 portfolio exits. Their latest portfolio exit was Reliance Capital on December 28, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/28/2023

Asset Sale

$99M

3

8/3/2022

Acquired

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$99M

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10

3/19/2021

IPO

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$99M

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10

5/9/2018

Corporate Majority

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$99M

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10

Date

12/28/2023

8/3/2022

3/19/2021

5/9/2018

Exit

Asset Sale

Acquired

IPO

Corporate Majority

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

HDFC Bank Acquisitions

1 Acquisition

HDFC Bank acquired 1 company. Their latest acquisition was HDFC on July 01, 2023.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/1/2023

Other

$99M

Merger

11

Date

7/1/2023

Investment Stage

Other

Companies

Valuation

$99M

Total Funding

Note

Merger

Sources

11

HDFC Bank Fund History

3 Fund Histories

HDFC Bank has 3 funds, including HDFC Bank Startup Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/6/2017

HDFC Bank Startup Fund

$25M

2

HDFC Property Fund

10

HDFC Startup Fund

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10

Closing Date

11/6/2017

Fund

HDFC Bank Startup Fund

HDFC Property Fund

HDFC Startup Fund

Fund Type

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Status

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Amount

$25M

Sources

2

10

10

HDFC Bank Partners & Customers

10 Partners and customers

HDFC Bank has 10 strategic partners and customers. HDFC Bank recently partnered with Paytm on February 2, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

2/6/2024

Partner

India

HDFC Bank Talking To Paytm; Waiting And Watching As Events Unfold: Executive

Rao made it clear that HDFC Bank 's partnership with Paytm Payments Bank is with the parent entity One97 Communications , and not with the Paytm Payments Bank , which is under regulatory scrutiny .

2

12/22/2023

Partner

India

Times Prime and HDFC Bank Announce Strategic Partnership: Unveil Times Prime Purple Carpet Experience for HDFC Bank Diners Club Members

New Delhi , 22 December , 2023 : Times Prime , India 's premier lifestyle membership platform , and HDFC Bank , India 's leading private sector bank , are happy to announce their strategic partnership .

1

12/7/2023

Partner

India

Tata Motors Partners HDFC Bank For Commercial Vehicle Financing

Under this partnership , Tata Motors customers can now seamlessly access HDFC Bank 's vehicle financing solutions through Tata Motors ' online sales platform and the Tata Motors e-Guru mobile application , it added .

1

10/9/2023

Partner

India

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10

9/15/2023

Partner

India

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10

Date

2/6/2024

12/22/2023

12/7/2023

10/9/2023

9/15/2023

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

India

India

India

India

India

News Snippet

HDFC Bank Talking To Paytm; Waiting And Watching As Events Unfold: Executive

Rao made it clear that HDFC Bank 's partnership with Paytm Payments Bank is with the parent entity One97 Communications , and not with the Paytm Payments Bank , which is under regulatory scrutiny .

Times Prime and HDFC Bank Announce Strategic Partnership: Unveil Times Prime Purple Carpet Experience for HDFC Bank Diners Club Members

New Delhi , 22 December , 2023 : Times Prime , India 's premier lifestyle membership platform , and HDFC Bank , India 's leading private sector bank , are happy to announce their strategic partnership .

Tata Motors Partners HDFC Bank For Commercial Vehicle Financing

Under this partnership , Tata Motors customers can now seamlessly access HDFC Bank 's vehicle financing solutions through Tata Motors ' online sales platform and the Tata Motors e-Guru mobile application , it added .

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Sources

2

1

1

10

10

HDFC Bank Team

71 Team Members

HDFC Bank has 71 team members, including current Chief Executive Officer, Dnyanesh Khairnar.

Name

Work History

Title

Status

Dnyanesh Khairnar

Chief Executive Officer

Current

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Name

Dnyanesh Khairnar

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Work History

Title

Chief Executive Officer

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Status

Current

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