Hdfc Bank's Market Cap At $100 Billion By 2020
HDFC Bank, JPMorgan Chase: Top 25 global banks' m-cap hits $4.11 trn in Q1
The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)
 "HDFC Bank, JPMorgan Chase: Top 25 global banks' m-cap hits $4.11 trn in Q1")
HDFC Bank market cap to touch $100 bn by 2020: Goldman Sachs
Private sector lender HDFC Bank is likely to cross the $100 billion market capitalisation-mark by fiscal 2019-2020, Goldman Sachs said in note. HDFC Bank is currently the country's most-valued bank with market value of Rs 422,700 crore (nearly $66 billion).Doubling of profits to $ 5 billion (Rs 32,000 crore) by 2020-21 will be the key driver in taking HDFC Bank towards the $100 billion market cap milestone, the brokerage said.Goldman Sachs expects HDFC Bank's earnings to grow at a compounded annual growth rate of 21 per cent in the next three financial years to 2019-20. It says the bank's latest earnings defied investor concern on growth and profitability."HDFC Bank leverages the market share shift from state-owned banks; the retail under-penetration using its large distribution network, highest efficiency among retail peers, and low cost of funds; and a shift of financial savings from deposits to other products. Under our bull case, we see potential for market cap rising to around ...
 "HDFC Bank market cap to touch $100 bn by 2020: Goldman Sachs")
