CURRENT AFFAIRS

Detailed explanation-1: -NEW YORK: Housing finance major HDFC has been ranked as the 5th biggest public company globally in the ‘consumer financial services category’ on a list compiled by Forbes magazine.

Detailed explanation-2: -India’s second-largest private sector bank. Its market cap made it the world’s 52nd-most-valuable banking company, and India’s most valuable, as of Mar.

Detailed explanation-3: -It is India’s largest private sector bank by assets and world’s 10th largest bank by market capitalisation as of April 2021. It is the third largest company by market capitalisation of $127.16 billion on the Indian stock exchanges. It is also the fifteenth largest employer in India with nearly 150, 000 employees.

Detailed explanation-4: -Singapore, Hong Kong, Indonesia, India, China, Taiwan, Regional, 25 Aug 2022-DBS has once again been named World’s Best Bank by US-based financial publication Global Finance, marking the third time that the bank has clinched the magazine’s top accolade since 2018.

Detailed explanation-5: -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.