No, HDFC Bank is not a nationalised bank in India. You see, right here in India, nationalised banks are those that have the government holding a majority stake, which implies that such banks fall under the category of public sector units. And just in case you want the example of some public sector banks that are nationalised, those would be SBI, PNB, Canara Bank, etc.
A Brief History of HDFC Bank
Since August 1994, when the Housing Development Finance Corporation got permission from the Reserve Bank of India to set up a private bank, HDFC Bank has come into being. The first branch was opened in January of 1995 in Mumbai. Later, in February 2000, HDFC Bank would merge with Times Bank in the first voluntary merger in the country between two private banks.
The mergers weren’t over yet, you see, back in 2008, we saw one of such big mergers once again, and this time, in December 2008, it took over the Centurion Bank of Punjab for further growth. In 2001, it got itself listed on the NYSE by issuing ADSs so as to draw funds from across the globe. Recently, in April 2022, HDFC Bank declared a merger with its parent company, HDFC Ltd, which was finalized on July 1, 2023. Right now, as of 2025, HDFC has 9,400+ branches and 21,000+ ATMs located across 4,100+ cities and towns in the country.
Current Financial Status of HDFC Bank
It is quite literally the biggest bank in India right now, no matter whether private or public, and that is pretty much clear once you look at its financials. Like, HDFC Bank netted a profit of ₹85.3 billion for the quarter ending March 31, 2025, marking an increase of 50% compared to the corresponding quarter in the previous year. Net interest income was ₹320.7 billion. The bank had a total balance sheet size of ₹39,102 billion with loan advances of ₹27,147 billion and deposits of ₹176.2 billion.
