Financial metrics that stood out in the industry gave HDFC Bank a premium valuation that was competitors envy. Now that it resembles its peers, the valuation may also remain aligned.
Trading at a market value of about $151 billion or Rs 12.38 lakh crore, HDFC Bank is now the world s seventh largest lender bigger than the likes of giants like Morgan Stanley and Bank of China. HDFC Bank is behind JPMorgan ($438 billion), Bank of America (232 bn), China s ICBC ($224 bn), Agricultural Bank of China ($171 bn), Wells Fargo ($163 bn) and HSBC ($160 bn).