HDFC Bank gains on targeting 10-time increase in number of small merchants in next 3 years

HDFC Bank Ltd. | Bank - Private | BFSI | BSE: 500180 | NSE: HDFCBANK

28 Sep 2020 Evaluate

HDFC Bank is currently trading at Rs. 1055.45, up by 11.40 points or 1.09% from its previous closing of Rs. 1044.05 on the BSE.

The scrip opened at Rs. 1050.00 and has touched a high and low of Rs. 1059.00 and Rs. 1042.90 respectively. So far 31962 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1304.10 on 19-Dec-2019 and a 52 week low of Rs. 738.90 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1071.20 and Rs. 1025.15 respectively. The current market cap of the company is Rs. 574614.23 crore.

The promoters holding in the company stood at 26.10%, while Institutions and Non-Institutions held 58.89% and 14.76% respectively.

HDFC Bank is targeting a ten-time increase in the number of small merchants it serves to 20 million in the next three years. The bank started targeting merchants about 18 months ago with solutions on accepting payments, providing value-added services like creating a simple website for them, taking care of their inventory and lending based on cash flows, through a single app.

The merchant relationships accrue in fees as the services are charged, in interest income for the lending and also in low-cost current and saving account (Casa) deposits. Having a bigger number of merchants will help the bank's analytics engines gather more intelligence and deploy suitable solutions.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.

HDFC Bank Share Price

795.85 -0.75 (-0.09%)

07-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	795.85
ICICI Bank	1277.70
Axis Bank	1292.35
Kotak Mahindra Bank	379.35
Indusind Bank	946.60
View more..

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