HDFC Bank Limited

NYSE:HDB Stock Report

Market Cap: US$156.0b

HDFC Bank Management

Management criteria checks 4/4

HDFC Bank's CEO is Sashi Jagdishan, appointed in Oct 2020, has a tenure of 4.25 years. total yearly compensation is ₹107.92M, comprised of 27.3% salary and 72.7% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth $34.86M. The average tenure of the management team and the board of directors is 2.3 years and 3.2 years respectively.

Key information

Sashi Jagdishan

Chief executive officer

₹107.9m

Total compensation

CEO salary percentage27.3%
CEO tenure4.3yrs
CEO ownership0.02%
Management average tenure2.3yrs
Board average tenure3.2yrs

Recent management updates

Recent updates

HDFC Bank: The Clouds Are Finally Clearing (Rating Upgrade)

Oct 27

HDFC Bank: Focus On Fundamentals Over The Upcoming $2bn Catalyst

Aug 21

HDFC Bank: Negatives Are Priced In

Jun 17

HDFC Bank: The Jury Is Still Out, Although The Risk-Reward Is In A Better Place

Apr 03

HDFC Bank: Why The $21bn Rout Was Not Unjustified

Jan 22

HDFC Bank: Cleaning Out The Closet

Nov 17

HDFC Bank: Merger Done, A New Chapter Begins (Rating Downgrade)

Sep 09

HDFC Bank: A Bet On The Rapid Emergence Of India

Jul 04

HDFC Bank: Market's Attention Is On Pending Merger

Jan 09

HDFC Bank: Steady As She Goes

Oct 27

HDFC Bank GAAP EPS of ₹19.00, core net revenue of ₹28,869.8 crore

Oct 17

HDFC Bank: Sustainability At Its Core

Jul 15

HDFC Bank: Best-In-Class Indian Bank Weighed Down By Transitory Headwinds

Jun 24

HDFC Bank: Turning A New Chapter Post RBI Restrictions

Apr 04

HDFC: Well Positioned To Profit From India's Economic Upswing

Nov 28

HDFC Bank: Long-Term Growth Potential Overshadowed By Short-Term Challenges

Sep 24

With Banks Getting Ready To Kick Off Earnings Season, I Like HDFC Bank Better Than Most

Jul 08

HDFC Bank: Favor Quality On The Recovery Path

Nov 07

CEO Compensation Analysis

How has Sashi Jagdishan's remuneration changed compared to HDFC Bank's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

₹692b

Jun 30 2024n/an/a

₹682b

Mar 31 2024₹108m₹29m

₹641b

Dec 31 2023n/an/a

₹590b

Sep 30 2023n/an/a

₹488b

Jun 30 2023n/an/a

₹488b

Mar 31 2023₹106m₹28m

₹460b

Dec 31 2022n/an/a

₹438b

Sep 30 2022n/an/a

₹418b

Jun 30 2022n/an/a

₹397b

Mar 31 2022₹65m₹25m

₹381b

Dec 31 2021n/an/a

₹360b

Sep 30 2021n/an/a

₹336b

Jun 30 2021n/an/a

₹328b

Mar 31 2021₹66m₹14m

₹318b

Dec 31 2020n/an/a

₹307b

Sep 30 2020n/an/a

₹324b

Jun 30 2020n/an/a

₹285b

Mar 31 2020₹29m₹28m

₹273b

Dec 31 2019n/an/a

₹263b

Sep 30 2019n/an/a

₹240b

Jun 30 2019n/an/a

₹232b

Mar 31 2019₹131m₹24m

₹223b

Dec 31 2018n/an/a

₹213b

Sep 30 2018n/an/a

₹206b

Jun 30 2018n/an/a

₹193b

Mar 31 2018₹22m₹20m

₹185b

Compensation vs Market: Sashi's total compensation ($USD1.26M) is below average for companies of similar size in the US market ($USD12.87M).

Compensation vs Earnings: Sashi's compensation has been consistent with company performance over the past year.

CEO

Sashi Jagdishan (59 yo)

4.3yrs

Tenure

₹107,923,503

Compensation

Mr. Sashidhar Jagdishan, also known as Sashi, has been Managing Director, Chief Executive Officer at HDFC Bank Ltd. since October 27, 2020. He serves as Director at HDFC Bank Limited since 2021 and served...

Leadership Team

NamePositionTenureCompensationOwnership
Sashidhar Jagdishan
MD, CEO & Director4.3yrs₹107.92m0.022%
$ 34.9m
Bhavesh Zaveri
Group Head of Operationsno data₹42.35m0.0027%
$ 4.2m
Kaizad Bharucha
Deputy MD & Director1.8yrs₹111.41m0.031%
$ 47.9m
Vedanthachari Rangan
Executive Whole-Time Director1.2yrs₹44.23m0.021%
$ 33.2m
Srinivasan Vaidyanathan
Chief Financial Officer5.4yrs₹30.18mno data
Rakesh Singh
Group Head of Invst. Bank.no datano data0.0043%
$ 6.8m
Ramesh Lakshminarayanan
Chief Information Officer & Group Head of ITno datano datano data
Ajit Shetty
Investor Relations Officerno datano data0.00036%
$ 561.6k
Rakesh Rajput
Chief Compliance Officer1.3yrsno datano data
Sudhir Jha
Head & Group General Counselno datano datano data
Madhu Chhibber
Head of Corporate Communications2.8yrsno datano data
Ravi Santhanam
Chief Marketing Officer & Head of Direct to Consumer Businessno datano data0.0018%
$ 2.8m

2.3yrs

Average Tenure

57.5yo

Average Age

Experienced Management: HDB's management team is considered experienced (2.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Sashidhar Jagdishan
MD, CEO & Director4.3yrs₹107.92m0.022%
$ 34.9m
Bhavesh Zaveri
Group Head of Operations1.8yrs₹42.35m0.0027%
$ 4.2m
Kaizad Bharucha
Deputy MD & Director1.8yrs₹111.41m0.031%
$ 47.9m
Vedanthachari Rangan
Executive Whole-Time Director1.2yrs₹44.23m0.021%
$ 33.2m
Srinivasan Ranganathan
Executive Whole-Time Directorno datano datano data
Renu Karnad
Non-Executive Non Independent Director4.8yrs₹7.97m0.068%
$ 105.3m
Keki Mistry
Additional Non-Executive Non-Independent Director1.6yrs₹2.92m0.017%
$ 26.2m
Atanu Chakraborty
Independent Part-time Chairman3.7yrs₹9.10mno data
Mavinakere Ranganath
Independent Non-Executive Director6yrs₹9.62mno data
Harsh Bhanwala
Additional Independent Directorless than a year₹1.29m0%
$ 0
Lily Vadera
Independent Director3.2yrs₹6.42mno data
Sunita Maheshwari
Independent Director3.8yrs₹5.47mno data

3.2yrs

Average Tenure

63yo

Average Age

Experienced Board: HDB's board of directors are considered experienced (3.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 01:59
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

HDFC Bank Limited is covered by 80 analysts. 38 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pankaj AgarwalAmbit Capital
Kaitav ShahAnand Rathi Shares and Stock Brokers Limited
Jaikishan ParmarAngel Broking Private Limited