Utilize the input text as a context reference, choose the right relationship between HDFC and HDFC Bank from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Rate cut by HDFC Bank will not lead rate war By Sangita Mehta , ET Bureau | 16 Sep, 2015, 08.38PM IST   MUMBAI: A rate war that many expected after HDFC Bank slashed its lending rate is unlikely to happen, with most large commercial banks indicating that they will not follow suit at this point.

Answer: owned_by