Bank to Prioritise Engagement and Service Over Interest Rates for Deposits
HDFC Bank Q1 result: Sequentially, net profit of the lender is down 2%
Erstwhile housing finance major HDFC Ltd. merged into HDFC Bank on July 1, 2023, creating a financial behemoth
HDFC Bank will be growing its advances slower than the deposits, and focus on getting the credit-deposit ratio to the pre-merger levels, according to a top bank official. In the annual report of the country's largest private sector lender, its managing director and chief executive Sashi Jagdishan suggested that profitability will also be a core aspect of its strategy. Jagdishan said the bank which merged its home loan-focused parent HDFC Ltd with itself last July is passing through a phase of "adjustment" where it will be focusing on adequate liquidity buffers, and repaying HDFC's borrowings on maturity and also before that. "During this time of adjustment, the Bank would grow its advances a little slower than the deposit growth," he said in the message to shareholders. The bank will endeavour to bring down the credit-to-deposit ratio to the pre-merger levels, Jagdishan said, adding that it will continue to focus on granular deposit mobilisation on the back of the distribution ...
HDFC Bank Q1 FY25 results 2024 preview: Analysts at ICICI Securities expect HDFC Bank to report around 2.5 per cent Y-o-Y growth in deposit, but "even slower loan growth on a Q-o-Q basis
Apart from HDFC Bank, the stocks that saw the highest MF buying include Indus Towers, Mphasis, Vedanta, Infosys, and TCS. The total investments in the two IT majors stood at Rs 4,870 crore
The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)
UPI services will be unavailable for customers from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM on July 13, 2024
HDFC Bank is upgrading its Core Banking System (CBS) to a new platform
Bank of Baroda posted faster growth in advances than in deposits. The loan book of the BoB grew by 1.73 per cent while deposits improved by 1.59 per cent, sequentially
The losses in HDFC Bank came after the private sector lender reported a sequential decline in loans during the June quarter
Stocks to watch today, Friday, July 5: Bajaj Auto is all set to become the world's first two-wheeler company to launch a CNG bike
Stocks to Watch today, Thursday, July 4: Mitsubishi UFJ Financial Group Inc.'s negotiations for a minority stake in HDFC Bank's consumer lending unit are stalling
The 30-share Sensex hit the historic 80,000-mark for the first time earlier in the day. It surged 632.85 points, or 0.79 per cent, to hit a record intra-day high of 80,074.30
Analysts expect more upside in the run up to August rebalance of MSCI index weightage
As the FII shareholding in HDFC Bank moves below 55 per cent, it will necessitate an FII headroom of 25 per cent. Analysts at ICICI Securities anticipate up to $3.5 billion inflow in the stock
Stocks to Watch today, July 3, 2024: he latest foreign ownership data, released on Tuesday, July 2, showed FII holding in the private bank falling to 54.83 per cent
To minimise disruption, the lender advises customers to withdraw funds before 7.30 pm on July 12
Customers will have limited access to bank's services during the 13.5-hour upgrade
After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward