Why HDFC is better than ICICI?

How HDFC is better than ICICI

On the other hand, HDFC Bank has maintained a stable asset quality and net interest margin over an extended period. However, when comparing the two banks' net interest income growth rate over the past ten quarters and the profit growth on a year-on-year basis, ICICI Bank has outperformed HDFC Bank.

Which bank is best between ICICI and HDFC Bank

HDFC Bank remains unmatched in terms of deposit growth

HDFC Bank continued to maintain its lead over all its peers in terms of deposit growth – the lender's deposits grew 20.8% YoY to ₹18.83 lakh crore. Despite being far ahead of its peers, the lender said it remains focused on attracting retail deposits.

Which bank is better HDFC or Axis or ICICI

In this context, HDFC Bank outperforms other banks with the Lowest Cost to Income Ratio of 35% in Q1FY22. The same was 37.2% and 35% in Q4FY21 and Q1FY21 respectively. Next to HDFC Bank are ICICI Bank, Axis Bank, and Kotak Mahindra Bank with Cost to Income Ratio of 41.2%, 43.4%, and 43.5% respectively.

Which is big HDFC or ICICI

As one of the biggest wealth creators on Dalal Street, HDFC Bank has historically commanded a higher valuation premium against ICICI Bank and has often been worshipped as the epitome of a classic consistent compounder that can double every 5 years or so.

Why do people prefer HDFC Bank

Quick loan disbursement

As an HDFC Bank customer, you no longer have to wait for days to get a loan sanctioned; you can avail instant loans within minutes. And this is applicable for various types of loans, from personal to two-wheeler loans, and even LOCC (Loan On credit card), without much documentation.

Why HDFC Bank is so popular

According to the study, HDFC Bank is the most profitable among all domestic scheduled commercial banks. Its return ratios, return on assets (RoA) of 1.97% and return on equity (RoE) of 16.6%, are the best, complemented by a net interest margin (NIM) of 4.2%, which is again the best among the top 10 banks.

Why do people choose HDFC

Quick loan disbursement

As an HDFC Bank customer, you no longer have to wait for days to get a loan sanctioned; you can avail instant loans within minutes. And this is applicable for various types of loans, from personal to two-wheeler loans, and even LOCC (Loan On credit card), without much documentation.

Why is HDFC Bank best

According to the study, HDFC Bank is the most profitable among all domestic scheduled commercial banks. Its return ratios, return on assets (RoA) of 1.97% and return on equity (RoE) of 16.6%, are the best, complemented by a net interest margin (NIM) of 4.2%, which is again the best among the top 10 banks.

Which is No 1 bank in India

State Bank of India (SBI)
Top 10 Banks in India 2022 vs 2023

Rank Bank Name Net Profit 2023 (Rs. Cr.)
1 State Bank of India (SBI) 56,558
2 HDFC Bank 46,149
3 ICICI Bank 34,463
4 Punjab National Bank (PNB) 3,069

Who is the No 1 bank in India

State Bank of India (SBI)
Top 10 Banks in India 2022 vs 2023

Rank Bank Name Net Profit 2023 (Rs. Cr.)
1 State Bank of India (SBI) 56,558
2 HDFC Bank 46,149
3 ICICI Bank 34,463
4 Punjab National Bank (PNB) 3,069

What are the strengths of HDFC Bank

HFDC Bank StrengthsRisk Management. The Bank has a robust risk management framework, focusing on maintaining high credit quality and managing operational and market risks.Employee Culture.Product Diversification.No strong rural presence.Weak performance in some sectors.Expand into new markets.

Why is HDFC Bank successful

To hear Puri tell it, HDFC Bank's success comes from keeping its business simple by hewing to its founding principles: customer focus, risk management, technology-led innovation, and a “first among equals” culture.

Why HDFC Bank is the best bank

The magazine said on its website – “HDFC Bank is India's largest private-sector lender by assets. It has the scale, processes, expertise and vision to meet the needs of its 70 million-plus customers. Those strengths came in handy when the pandemic roiled markets.

Is HDFC a strong bank

1. Is HDFC Bank Ltd a good quality company Past 10 year's financial track record analysis by Moneyworks4me indicates that HDFC Bank Ltd is a good quality company.

Why is HDFC Bank No 1

HDFC Bank has been at the forefront in leveraging technology to give its 43 million customers a superior banking experience. The journey to become a digital banking forerunner began in 2014, with the launch of its 'Bank Aapki Muthhi Mein' campaign from the banks of the Ganges.

Why is HDFC the best bank

According to the study, HDFC Bank is the most profitable among all domestic scheduled commercial banks. Its return ratios, return on assets (RoA) of 1.97% and return on equity (RoE) of 16.6%, are the best, complemented by a net interest margin (NIM) of 4.2%, which is again the best among the top 10 banks.

Which bank is very safe in India

Top Banks for FDs in India

Sr No List Of Banks Score
1. State Bank of India AAA
2. HDFC Bank AAA
3. Bank of Baroda AAA
4, ICICI Bank AAA

Which bank is very rich in India

Among the top 10 banks in India, the bank that makes the highest yearly revenue is HDFC bank. In 2022, HDFC Bank's annual revenue stands at ₹1.68 lakh crores. After HDFC Bank, ICICI Bank has the second-highest annual revenue.

Why HDFC Bank is popular in India

According to the study, HDFC Bank is the most profitable among all domestic scheduled commercial banks. Its return ratios, return on assets (RoA) of 1.97% and return on equity (RoE) of 16.6%, are the best, complemented by a net interest margin (NIM) of 4.2%, which is again the best among the top 10 banks.

Which is the No 1 trusted bank in India

1. State Bank of India (SBI) State Bank of India, the largest public sector no. 1 bank in India, offers a comprehensive range of banking services.

Which bank is most No 1 in India

May 16, 2023, 12:51 PM IST.Here is a list of top 10 Indian banks as per their market capitalisation as on May 16 2023.HDFC Bank (9.27 lakh crore)ICICI Bank (6.65 lakh crore)State Bank of India (5.23 lakh crore)Kotak Mahindra Bank (3.90 lakh crore)Axis Bank (2.82 lakh crore)Bank of Baroda (95.5K crore)

Which is Asia safest bank in India

In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 12 consecutive years from 2009 to 2020. DBS provides a full range of services in consumer, SME and corporate banking.

Which is the No 1 bank in India

1. State Bank of India. State Bank of India (SBI) is among the Fortune 500 companies. It is an Indian multinational and Public Sector Banking and Financial services firm.

Which is the best bank for NRI account in India

Best NRO Savings Account for NRIs in 2023

Name of the Bank NRO Deposit Interest Rates Below Rs. 2 Crore Minimum Balance
Kotak Mahindra Bank 3.50% Rs.10,000
RBL Bank 4.25% Rs. 50,000
State Bank of India 2.70% Rs.1,00,000
Yes Bank 4.00% Rs. 10,000

Which bank is most trustworthy in India

State Bank of India

State Bank of India is India's largest and most trusted commercial bank. It is among the oldest banking institutions in the country and is headquartered in Mumbai, Maharashtra.