15 Best Bank Stocks to Buy According to Billionaires

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9. HDFC Bank Limited (NYSE:HDB)

Number of Billionaire Investors: 14

HDFC Bank Limited (NYSE:HDB), headquartered in Mumbai, India, provides banking and financial services across India, Bahrain, Hong Kong, Singapore, and Dubai. The bank offers deposit accounts, multiple category loans, credit/debit cards, insurance, investments, and trade finance. It also provides digital banking, payment processing, and specialized financial solutions. It is one of the best bank stocks, with 14 billionaire investors holding positions in it. Raymond James Financial Inc. picked up a new stake in HDFC Bank Limited (NYSE:HDB), according to its latest SEC filing. The firm bought 618,458 shares in the fourth quarter, valued at about $39.5 million.

On March 5, HDFC Bank Limited (NYSE:HDB) partnered with the Indian Air Force and CSC Academy to launch Project HAKK, supporting defence veterans and their families. Under its Parivartan initiative, the bank will set up 25 centres across Air Force units to provide financial training, pension assistance, and access to banking services, along with more than 500 government and business services.

HDFC Bank delivered ₹652.8 billion in consolidated net revenue and ₹176.6 billion in profit after tax (PAT) for Q3 2024. Adjusted PAT, factoring in trading gains, mark-to-market adjustments, and prior-year provisions, saw a 13.1% increase. Earnings per share for the quarter were ₹23.1, with a book value per share of ₹656.6. Net interest income climbed 7.7% to ₹306.5 billion, while the bank’s core net interest margin was 3.43% on total assets and 3.62% on interest-earning assets. Additionally, the bank paid ₹17.9 billion in dividends. HDFC Bank Limited (NYSE:HDB) is one of the best bank stocks to invest in according to Wall Street titans.

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