Now, the bank is offering a 7 per cent interest rate on deposits of up to Rs 3 crore for 35-month and 55-month tenures
The combined market valuation of eight of the top-10 most-valued firms climbed Rs 88,085.89 crore last week, with HDFC Bank leading the pack of gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark gauge climbed 509.41 points, or 0.66 per cent. From the top-10 pack, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC were the gainers, while Reliance Industries and Infosys faced erosion from their market valuation. HDFC Bank added Rs 44,933.62 crore, taking its valuation to Rs 13,99,208.73 crore. The market capitalisation (mcap) of State Bank of India jumped Rs 16,599.79 crore to Rs 6,88,623.68 crore. The valuation of TCS rallied Rs 9,063.31 crore to Rs 13,04,121.56 crore while that of ICICI Bank was up Rs 5,140.15 crore to Rs 9,52,768.61 crore. The mcap of ITC soared Rs 5,032.59 crore to Rs 5,12,828.63 crore and that of Hindustan Unilever climbed Rs 2,796.01 crore to R
Grocery, fuel and utilities are among the top spend categories for the credit card
According to RBI, the HDFC Bank did not categorise certain customers into low, medium or high risk category based on its assessment and risk perception
HDFC Bank stock has confirmed a breakout from a descending trendline, signaling the end of its corrective phase and the start of a fresh upward move
IndusInd Bank raised Rs 11,000 crore by issuing certificates of deposit (CDs) across a range of maturities
Private banks, non-banking financial companies (NBFCs), healthcare, telecom, and metals were preferred sectors by mutual funds
Of the Rs 478 crore, Rs 329 crore comes from 1,973 mortgage and home loan accounts, Rs 77 crore from 3,232 commercial vehicle loan accounts, and Rs 72 crore from 2,074 agriculture loan accounts
The auto sector is exhibiting a mixed trend, with Tata Motors now attempting a recovery after a seven-month corrective phase
Credit-card spending for January stood at Rs 1,841 billion, marking a two per cent slide month-on-month (MoM), but a strong 14 per cent year-on-year growth
Stocks to Buy Today: The recent buying traction in HDFC Bank share has been backed by a rise in trading volumes
Per card spending in the industry stood at Rs 16,910, up 1.09 per cent from the same period last year
NSE, Bharti Airtel storm into top 10 for the first time in Axis Bank's Burgundy Private and Hurun India list; Motilal Oswal Financial Services was the fastest-growing company, the report suggests.
With this revision, the bank's MCLR now ranges from 9.20 to 9.45 per cent
At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses
The combined market valuation of six of the top-10 most valued firms surged Rs 1,18,151.75 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers, in-line with firm trend in equities. Last week, the BSE benchmark climbed 354.23 points, or 0.45 per cent, and the Nifty went up 77.8 points, or 0.33 per cent. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys and Bajaj Finance were the gainers from the top-10 pack, Tata Consultancy Services (TCS), State Bank of India, Hindustan Unilever, and ITC faced erosion from their valuation. Together these four firms lost Rs 1.15 lakh crore from their valuation. The market valuation of HDFC Bank jumped Rs 32,639.98 crore to Rs 13,25,090.58 crore. Bharti Airtel added Rs 31,003.44 crore taking its valuation to Rs 9,56,205.34 crore. The market capitalisation (mcap) of Bajaj Finance surged Rs 29,032.08 crore to Rs 5,24,312.82 crore and that of Infosys rallied Rs 21,114.32 crore to Rs 7,90,074.08 ...
The data showed that banks' credit increased by 12.4 per cent year-on-year last month, slower than the 15.6 per cent rise in December 2023
The per credit card spending rose by 3.20 per cent Year-on-Year (YoY) from Rs 16,865.26 in December 2023 and 8.22 per cent YoY from Rs 15,584.21 in December 2022
Brokerages believe central bank's actions set the stage for a repo rate cut in February
Plan will create more than 81,000 jobs and contribute $15.3 bn to India's economy by 2030, says company