Page 11 - Hdfc Bank

Market Today: Q2 nos., China lowers lending rates, S&P 500 & Dow at record

China lowered its key benchmark lending rates by 25 basis points in the monthly fixing. The People's Bank of China (PBOC) reduced the 1-year loan prime rate (LPR) to 3.1% and the 5-year LPR to 3.6%

HDFC Bank aims to reduce CD ratio, plans slower loan growth in FY25

In FY26, the bank's credit growth will be in line with system growth; in FY27, banks' credit growth to outpace system growth

Mcap of 4 of 10 most valued firms jumps Rs 81,151 cr; ICICI Bank top gainer

Four of the top-10 most-valued firms together added Rs 81,151.31 crore in market valuation last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the BSE benchmark declined 156.61 points, or 0.19 per cent. While HDFC Bank, Bharti Airtel, ICICI Bank, and the State Bank of India were the gainers, Reliance Industries, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, and Life Insurance Corporation of India (LIC) suffered a combined erosion of Rs 76,622.05 crore from their market valuation. ICICI Bank added Rs 28,495.14 crore, taking its market valuation to Rs 8,90,191.38 crore. The valuation of HDFC Bank jumped Rs 23,579.11 crore to Rs 12,82,848.30 crore. State Bank of India's market valuation climbed Rs 17,804.61 crore to Rs 7,31,773.56 crore and that of Bharti Airtel went up Rs 11,272.45 crore to Rs 9,71,707.61 crore. On the other hand, the market capitalisation (mcap) of Infosys slumped Rs 23,314.31 crore to Rs 7,80,126.10 crore. Th

HDB Financial Services aiming to raise up to Rs 12,500 cr via IPO

Last month HDFC Bank approved raising Rs 2,500 crore through an issue of shares in the IPO, marking the group's first public float in six years

HDFC Bank Q2FY25 results: Net profit increases 5% to Rs 16,820 cr

The bank's gross non-performing assets was 1.36 per cent in Q2FY25, up from 1.33 per cent in Q1FY25

HDFC Bank Q2 results preview: Muted qtr expected; loan-deposit ratio eyed

HDFC Bank share price: Ahead of the Q2 results, HDFC Bank share price gained 2.8 per cent during the three months to September

Markets gain amid bargain hunting; Sensex ends 592 points higher

The indices fell in the last two weeks amidst escalating tensions in the Middle East and sharp selloff by foreign portfolio investors

Funds raised by NBFCs through domestic bonds top Rs 3.2 trn in H1 FY25

More than Rs 74,507 crore was raised in September alone, making it the highest amount in FY25

Securitisation volumes likely to have touched Rs 60,000 cr in Q2: Icra

HDFC Bank, in its quarterly update, said it has securitised Rs 19,200 crore of loans in Q2FY25 as a strategic initiative to lower its elevated credit-deposit ratio

HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7

MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan

Mcap of 9 of 10 valued firms erodes Rs 4.74 trn; RIL, HDFC Bank hit hard

Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in market valuation last week, with Reliance Industries and HDFC Bank taking the steepest hit, in line with weak trends in equities. Markets faced heavy drubbing last week amid worsening tensions in the Middle East and foreign fund outflows. In a holiday-shortened week, the BSE benchmark plummeted 3,883.4 points, or 4.53 per cent. The valuation of Reliance Industries declined Rs 1,88,479.36 crore to Rs 18,76,718.24 crore. HDFC Bank's market valuation slumped Rs 72,919.58 crore to Rs 12,64,267.35 crore. Bharti Airtel's valuation plunged Rs 53,800.31 crore to Rs 9,34,104.32 crore and that of ICICI Bank tumbled Rs 47,461.13 crore to Rs 8,73,059.59 crore. The valuation of Life Insurance Corporation of India (LIC) plummeted Rs 33,490.86 crore to Rs 6,14,125.65 crore and that of Hindustan Unilever tanked Rs 27,525.46 crore to Rs 6,69,363.31 crore. The market capitalisation (mcap) of ITC dropped Rs 24,139

HDFC Bank's deposit growth outpaces credit in Q2, helping meet target

Country's largest private sector has indicated that it would grow its advances at a slower pace than deposits

HDFC Bank to see MSCI weight rise with increased FPI investment headroom

Higher FPI investment room opens door for $1.8 bn passive inflows

HDFC Bank says sequential rise in deposits outpaced loan growth in Q2

Deposits rose 5.1 per cent from the previous quarter to Rs 25 trillion, after no sequential change in April-June

Morgan Stanley, Citigroup buy Rs 755 cr worth shares in HDFC Bank

Morgan Stanley and Citigroup on Thursday bought shares of private sector lender HDFC Bank for over Rs 755 crore through open market transactions. According to the block deal data available on the BSE, New York-headquartered financial services companies Morgan Stanley and Citigroup through their affiliates purchased 43.75 lakh shares of the Mumbai-based bank. The shares were picked up at an average price of Rs 1,726.2 apiece, taking the combined transaction value to Rs 755.29 crore. These shares were sold by BNP Paribas' arm BNP Paribas Financial Markets through two separate block deals at the same price on the BSE. BNP Paribas is an investment bank and financial services company. Last week, Paris-based BNP Paribas offloaded shares of HDFC Bank for Rs 543.27 crore. Shares of HDFC Bank fell 2.55 per cent to close at Rs 1,682.15 apiece on the BSE.

HDFC Bank introduces new reward point rules for certain cards from 1 Oct

HDFC Bank has implemented new reward point rules for certain credit cards effective from October 1, 2024.

Staffing power up: HDFC Bank likely to overtake SBI in employee count

Numbers for industry show private banks are taking the lead in adding workers and setting up new branches

HDFC sells nearly $717 million of home loans to reduce credit book

In June, HDFC also sold a 50 billion rupee loan portfolio. Its credit-deposit ratio stood at 104% at the end of March, higher than the 85% to 88% rate in the previous three fiscal years

UBS Group completes acquisition of HDFC Bank shares valued at Rs 543 cr

Swiss financial services company UBS Group on Wednesday bought shares of private sector lender HDFC Bank for over Rs 543 crore through an open market transaction. According to the block deal data available on the BSE, UBS Group's arm UBS Principal Capital Asia purchased 30.72 lakh shares of Mumbai-based HDFC Bank. The shares were picked up at an average price of Rs 1,768.05 apiece, taking the transaction value to Rs 543.27 crore. These shares were offloaded by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price. Shares of HDFC Bank rose 0.59 per cent to close at Rs 1,778.85 apiece on the BSE. In a separate block deal on the BSE, Goldman Sachs bought 5.52 lakh shares of Five-Star Business Finance for over Rs 45 crore through an open market transaction. The shares were acquired at an average price of Rs 824 apiece, taking the aggregate deal value to Rs 45.50 crore, the data showed on the exchange. Meanwhile, Singapore-based Duro Capital th

Combined value of top 75 brands up 19% to $450.5 bn, TCS tops chart: Report

The combined valuation of India's top 75 valuable brands has gone up at an "impressive growth" rate of 19 per cent to USD 450.5 billion, according to the Kantar BrandZ report. India's leading IT firm TCS remained the most valuable brand for the third straight year, folllowed by HDFC Bank, Airtel, Infosys and SBI, the report said. "With a brand value of USD 49.7 billion, TCS has seen a 16 per cent rise versus last year, driven by investments in innovation, particularly in AI and digital transformation," it said. Brands across business sectors have fuelled the growth, with 54 brands boosting their brand value over the past year, according to the Kantar BrandZ MostValuable Indian Brands Report. "This impressive growth outpaces most other BrandZ rankings globally and closely mirrors the 20 per cent increase seen in the Global Top 100," it said. Financial services brands dominate the list as 17 brands contributed 28 per cent of the ranking overall brand value. HFDC Bank is second with