HDFC Bank share price rose by 0.88% to ₹1,978.90 at 9.07 AM, gaining ₹17.20 in early trade. On April 22, 2025, HDFC Bank became the third Indian company to cross ₹15 lakh crore in market capitalisation. With this, it joins the elite group of Reliance Industries and Tata Consultancy Services (TCS).
Reliance Industries remains the most valuable Indian company with a market cap of ₹17.5 lakh crore. TCS crossed the ±15 lakh crore mark in February 2024, but its value has since dropped to around ₹12 lakh crore due to weak performance in IT stocks.
HDFC Bank share pricehit a record high of ₹1,970.65 on Tuesday. This helped the Nifty Bank Index also reach a fresh high of 55,961.20.
The combined market value of HDFC Group companies has now crossed US$200 billion. Out of this, HDFC Bank contributes $176 billion. HDFC Life Insurance and HDFC Asset Management Company (AMC) contribute US$18.1 billion and US$11.3 billion, respectively.
The recent rise in bank stocks is mainly due to the Reserve Bank of India (RBI) easing liquidity rules. The RBI allowed banks to keep a smaller portion of retail deposits as liquidity reserves. This change is expected to improve the Liquidity Coverage Ratio (LCR) by 600 basis points. In short, banks now have more funds available for lending.
Strong earnings reported by major lenders such as HDFC Bank and ICICI Bank have also lifted investor confidence.
Most banks in the Nifty Bank Index ended in the green on Tuesday. Canara Bank, Kotak Mahindra Bank, Bank of Baroda, State Bank of India, and HDFC Bank all gained 1–2%. Since March, the Nifty Bank Index has jumped over 16%, adding ₹6.5 lakh crore in value.
The total market cap of all Bank Nifty companies is now ₹46.2 lakh crore. HDFC Bank alone contributes about one-third of this total.
HDFC Bank’s achievement highlights investor faith in the banking sector and India’s economic strength. The easing of RBI rules and strong financial results are likely to keep supporting the sector in the coming months.
Read more on: HDFC Bank Share Price Hits 52-Week High Ahead of Q4 Results
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Apr 23, 2025, 9:46 AM IST
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