Macquarie Research also described the board's move as a decisive step towards settling the leadership question.
Order of preference in which two names are submitted to RBI is critical
Rajiv Kumar urged HDFC Bank CEO Sashidhar Jagdishan to accelerate loan growth, step up technology investments and address legacy issues, sources said
HDFC Bank's weighting in the Nifty 50 has fallen to 9.81 per cent, narrowly ahead of ICICI Bank, as the CEO's exit and governance concerns deepen the lender's sell-off
Sashidhar Jagdishan's exit puts HDFC Bank's next leadership team under scrutiny as investors seek stronger growth, better lending mix and improved returns
The investment, made through their joint senior secured debt platform, is in a residential development project in western Mumbai, the companies said
Sashidhar Jagdishan's six-year tenure at HDFC Bank was marked by regulatory setbacks, the HDFC merger, governance controversies and scrutiny of its Dubai operations
Challenges before India's largest private bank: From finding a new MD & CEO to reviving its margins
The announcement on Saturday that Jagdishan - a three-decade HDFC Bank veteran - won't seek reappointment puts to rest months of speculation that he was eyeing an extension
The CEO search comes after about six months of upheaval at HDFC Bank where leadership issues have weighed on its shares
Shares decline around 2 per cent as a US securities fraud class-action lawsuit and uncertainty over MD & CEO Sashidhar Jagdishan's succession weigh on sentiment
Clarity on HDFC Bank's leadership is crucial as the lender seeks to move past uncertainty marked by its former chairman's abrupt exitg and overnance concerns
HDFC Bank's latest $1.75 billion fundraise through the twin dollar bond issuance takes the bank's total fundraising through dollar bonds over the past two months to $2.5 billion
HDFC Bank has raised USD 1.75 billion through overseas bonds to fund its business growth. HDFC Bank , acting through GIFT City Branch, has completed the issue of USD 1.75 billion in senior unsecured bonds, the bank said in a regulatory filing. The private sector lender has raised USD 500 million with notes carrying a coupon rate of 5.159 per cent and maturing in three years, while the remaining USD 1.25 billion five-year paper carries a coupon rate of 5.4 per cent, it said. These papers will be listed on India INX (India International Exchange (IFSC) Limited) and NSE International Exchange (NSE-IX) , it added.
India's largest private lender plans to raise at least $500 million each through three-year and five-year bonds as banks rush to complete overseas fundraising
CFO, group retail assets head also fined ₹1 lakh, warned over MSRDC deposits
The combined market valuation of nine of the top-10 most valued firms eroded by Rs 2.74 lakh crore last week, in tandem with a bearish trend in equities, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex tanked 2,091.68 points, or 2.67 per cent, and the NSE Nifty declined 566.85 points, or 2.32 per cent. "Markets witnessed a weak and volatile week, with benchmark indices extending their losing streak as a sharp surge in crude oil prices and renewed geopolitical tensions weighed heavily on investor sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. Banking stocks emerged as the biggest drag following mixed Q1 FY27 earnings, while a risk-off environment and weakness in the rupee further curtailed buying interest, he added. From the top-10 pack, Hindustan Unilever emerged as the only winner. Those who faced erosion from their valuation were Reliance Industries, Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, Tata Consultancy Servic
Indian banks are preparing dollar bond issuances before the RBI's concessional swap window closes in December, seeking cheaper overseas funding options
Net interest income increased 6.7 per cent YoY to ₹33,535 crore in Q1FY27 from ₹31,438 crore a year earlier
HDFC Mutual Fund has bought 9.37 lakh shares of multi-speciality hospital chain operator Jupiter Life Line Hospitals for Rs 139 crore through open market transactions, according to block deal on the BSE. Following the transaction, shares of Jupiter Life Line Hospitals on Thursday rose 2.53 per cent to trade at Rs 1,537.60 apiece on the exchange. HDFC Mutual Fund purchased 9.37 lakh equity shares in two tranches, representing a 1.43 per cent stake in Mumbai-based Jupiter Life Line Hospitals Ltd (JLHL), as per the data. The transaction was executed on Wednesday at an average price of Rs 1,483.50 apiece, taking the combined deal value to Rs 139 crore. Meanwhile, two public shareholders of JLHL -- Arvind Rao Kamini and Mitul Nitin Thakker -- sold an equal number of shares at the same price, according to BSE data. In a separate bulk deal on the BSE, Nippon India Mutual Fund (MF) bought 5 lakh shares of logistics company TCI Express from HDFC MF for over Rs 28 crore through open market