Which Bank was included in the 2024 'Fortune Global 500 List' for the first time?

Question

Question

This question was previously asked in

OPSC OAS (Preliminary) Exam (GS) Official Paper-I (Held On: 15 Dec, 2024)

Answer 1

The correct answer is HDFC Bank.

Key Points

HDFC Bank has been included in the 'Fortune Global 500 List' for the first time in 2024.
This inclusion marks a significant milestone for HDFC Bank, showcasing its growth and global influence.
The Fortune Global 500 is an annual ranking of the top 500 corporations worldwide as measured by revenue.
HDFC Bank is one of India’s leading private sector banks, known for its strong balance sheet and wide range of financial services.

Additional Information

Fortune Global 500 List
- This is an annual ranking of the top 500 corporations worldwide, as measured by revenue.
- The list is compiled and published by Fortune magazine.
- The ranking provides insight into the largest and most profitable companies globally, reflecting their economic power and influence.
- Being included in this list is a prestigious recognition for any company, indicating its significant presence in the global market.
HDFC Bank
- HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra.
- It is India’s largest private sector lender by assets and the world’s 10th largest bank by market capitalization as of April 2021.
- The bank provides a wide range of financial products and services to its customers.
- HDFC Bank has consistently shown strong financial performance, solid asset quality, and robust growth in retail and wholesale banking sectors.