• HDFC Bank average operating margin for 2023 was 32.3%, a 13.27% increase from 2022.
• HDFC Bank average operating margin for 2022 was 37.24%, a 26.93% decline from 2021.
• HDFC Bank average operating margin for 2021 was 29.34%, a 8.99% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.