[ Mumbai: Abhay Aima, the original doyen of private banking in India, has passed away at the age of 63. He was with HDFC Bank for 25 years and used to head its private banking and equities businesses. His sudden demise happened at his residence in Bandra at 4.20 pm on Saturday, according to a … Read more
[ NEW DELHI: HDFC Bank has announced plans to raise Rs 60,000 crore through various debt instruments. The decision was approved during the Board of Directors meeting on Saturday, where key approvals were granted for the annual renewal of the issuance.The Bank’s board approved the “annual renewal of issuance of Long-Term Bonds (Financing of Infrastructure … Read more
[ MUMBAI: HDFC Bank has reported a net profit of Rs 16,511 crore for the quarter ending March 2024. This is a 37 per cent increase from Rs 12,047 crore in the same quarter last year and a marginal increase from Rs 16,372 crore in the preceding quarter. The increase in post-tax profits was due … Read more
[ NEW DELHI: Sensex on Tuesday climbed 165.32 or 0.22% to settle 73,667 while Nifty remained flat and closed at 22,335.70.HDFC Bank, TCS, Infosys, Maruti Suzuki, Reliance Industries were among the top gainers in Sensex while SBI, ITC, JSW Steel, NTPC and Ultratech cement were among the top losers.“The domestic market witnessed range-bound trading today … Read more
[ NEW DELHI: The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.16 lakh crore last week, with HDFC Bank emerging as the biggest laggard. In the holiday-shortened week, the BSE benchmark fell by 982.56 points or 1.37%. Of the top-10 most-valued firms, Reliance Industries, Tata Consultancy Services (TCS), HDFC … Read more
[ MUMBAI: HDFC Bank said on Thursday that RBI has allowed LIC to increase its stake in the bank up to 9.99%.This is an enabling provision in line with RBI norms of shareholding of private banks. RBI has separate fit-and-proper guidelines for companies that are allowed up to 5% stake and for entities holding from … Read more
[ NEW DELHI: Foreign investors have adopted a cautious approach this month, offloading domestic equities worth Rs 13,000 crore in the first three weeks owing to high valuations of Indian stocks and surging US bond yields.In contrast, foreign investors are bullish on the debt market and injected Rs 15,647 crore in the debt market during … Read more
[ MUMBAI: The sensex fell by another 314 points on Thursday as HDFC Bank again led the slide with a 3.3% loss. The index has lost nearly 1,950 points or 2.7% in two sessions while HDFC Bank has lost more than 11% of its value in the same period as investors lose confidence over the … Read more
[ NEW DELHI: Life Insurance Corporation of India (LIC) surpassed State Bank of India (SBI) to become the country’s most valued PSU firm by market valuation on Wednesday. Shares of LIC climbed 3 per cent to reach its 52-week high of Rs 919.45 in intra-day trade on the BSE. However, later it pared the gains … Read more
[ HDFC Bank share price today: Shares of HDFC Bank plummeted by over 7%, reaching a low of Rs 1,560 on Wednesday, following the release of its December quarter results. The largest lender in India reported higher provisions compared to the previous year. Despite a 34% increase in net profit, investors were not impressed with … Read more
