HDFC Bank reported its Q4 results for the quarter ended in March for FY 23-24. Earnings per share for the quarter ended March 31, 2024 was ₹ 23.2 and book value per share as of March 31, 2024 was ₹ 600.8.
HDFC Bank, India s largest private sector lender, is seeking approval for a banking license in Singapore. The bank aims to tap into the Indian diaspora in Singapore for savings and term deposits, as well as cross-sell products like mortgages. HDFC Bank already has a presence in London, Hong Kong, and Bahrain. With a customer base of 93 million, the bank is expanding its reach overseas after a merger with Housing Development Finance Corp. last year.
India Business News: HDFC Bank shares plummeted by 3.7% to Rs 1,480 on the BSE, resulting in a decline of about Rs 1.3 lakh crore in market capitalization since yesterday.