Currently, the entity getting merged is removed from the index and later the weightage of the merged entity is increased
Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday offloaded 3.86 lakh shares at avg price of 1,306 per of private lender HDFC Bank for around rs 51 crore through open market transaction
A deposit is a contract between the depositor and the institution taking the deposit
Shares of HDFC Bank and HDFC have fallen 6 per cent in the past two trading days
Analysts think there are multiple challenges such as impact of SLR/CRR/PSL compliance cost; the RBI's aversion to banks holding considerable stakes in para-banking businesses
Shareholders of HDFC Ltd will receive 42 shares of HDFC Bank for 25 shares held
The lender's gross NPA came in at Rs 11,769 crore
The country's private sector lender becomes the third firm after Reliance Industries (RIL) and Tata Consultancy Services (TCS) to achieve this milestone
HDFC Group's market capitalisation crosses Rs 9,000 billion marks to Rs 9,056 billion on Monday