Question: Is HDFC Bank In Financial Trouble?

Is HDFC safe bank?

BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs.

The Indian banking system is safe and is focused to protect customers’ interests, according to the chiefs of the two largest banks in the country — State Bank of India (SBI) and HDFC Bank..

Is HDFC Bank closing?

HDFC Bank branches across India are closed on Sundays and 2nd and 4th Saturday of each month. They are also closed on national holidays and public holidays (varies from one state to another).

Which is the safest bank in India?

List of Best, Safe Banks in India1) HDFC Bank. If market confidence is a measure of the soundness of a Bank, then HDFC Bank takes the cake. … 2) State Bank of India. … 3) ICICI Bank. … 4) AXIS Bank. … 7) Kotak Mahindra Bank, IndusInd Bank.

Which share is best to buy now?

Buy United Spirits, target price Rs 575: Kotak Securities. … Buy Bharat Electronics, target price Rs 115: Kotak Securities. … Buy Titan Company, target price Rs 1370: Kotak Securities. … Buy Tata Motors, target price Rs 180: Kotak Securities. … Buy HDFC Bank, target price Rs 1500: Motilal Oswal.More items…

Is there any charges for closing HDFC bank account?

According to the HDFC Bank website, for closure of savings account, the Bank customer, depending on the nature and tenure of his account, will have to pay a fee of Rs500 and if the average monthly balance falls below Rs20,000 in non-urban centres, it will charge Rs500 a month.

Is HDFC a good buy?

Speaking on the immediate short-term time horizon on HDFC Bank share price; Rohit Singre, Senior Technical Research Analyst at LKP Securities said, “HDFC Bank has strong support at Rs 1,050 per stock levels and one can buy the HDFC Bank share at current levels for the target or Rs 1,150 in one month time horizon.”

Why is HDFC stock falling?

MUMBAI: Shares of HDFC Bank fell by as much as 2.74% on Tuesday after it launched a probe into its auto lending practices following allegations against the conduct of a long-time executive who retired on March 31 this year.

Which is the best bank in India 2020?

Best Public Sector (PSU) Banks in India 2020List of PSU BanksNumber of BranchesNumber of ATMsState Bank of India (SBI)2400058559Punjab National Bank (With Merger of Oriental Bank of Commerce and United Bank of India)114378985Bank of Baroda131539583Canara Bank (With Merger of Syndicate Bank)8801103428 more rows

Can we close HDFC account online?

Note: You can’t close HDFC Bank account online, but account closure form can be downloaded online. To close your account in an easy way, ensure that you drain out all the funds parked in your account. … The balance in your account should be Zero. Now you can go to the nearest branch and approach the bank executive.

Is HDFC Bank in Trouble?

HDFC Bank stands out in India’s struggling financial sector. Its gross bad loan ratio has held steady at around 1.4%, while rivals have been forced to caution by growing stress among once-reputed companies, developers and shadow lenders.

How strong is HDFC Bank?

Best Bank in India 2019, by Global magazine FinanceAsia. Ranked 60th in 2019 BrandZ Top 100 Most Valuable Global Brands HDFC Bank was featured BrandZ Top 100 Most Valuable Global Brands 2019 for the 5th consecutive year. The Bank’s brand value has gone up from $20.87 billion in 2018 to $22.70 billion in 2019.

Who is the No 1 bank in India?

HDFC Bank: HDFC Bank has been ranked India’s No. 1 Bank in forbes’ world’s Best bank report. It has 88,253 permanent employees as of 31 March 2018 and has a presence in Bahrain, Hong Kong and Dubai. HDFC Bank is India’s largest private sector lender by assets.

Which is the best stock to buy today in India?

Our Advisor’s ChoiceStock NameQtyValueHDFC Bank10011000LIC INDIA10011000INFY10011000Total33000

Which HDFC Bank closed on Saturday?

HDFC Bank Timings for cash deposit and other services is 9:30 a.m. to 3:30 p.m. Customers can visit their nearest HDFC Bank branch on all weekdays and 1st, 3rd and 5th Saturdays to avail several banking services. HDFC Bank remains closed on 2nd and 4th Saturdays, Sundays and all the bank holidays.

Who is the owner of HDFC Bank?

Housing Development Finance CorporationHDFC Bank/Parent organizations