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
Earlier this year, ICICI Bank and SBI Cards stopped offering reward points for rent payments on several credit cards
Following strong responses to two initial public offerings (IPOs) that closed last week, grey market premiums (GMPs) have strengthened for three IPOs set to conclude this week
Housing finance company accounted for 23% of the FY23 volumes of around 1.8 trillion
The gains in public sector enterprises like Power Grid and Coal India also boosted sentiment
The move comes even as the Reserve Bank of India decided to keep the policy repo rate unchanged in the June review of monetary policy
For its general customers, HDFC Bank now offers interest rates that range from 3% to 7.25%, depending on the tenure of the deposit
The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results
This is likely due to a system upgrade that HDFC Bank is performing. It's important to note that DFC Bank is not affected by this outage.
Since 2020, the RBI has placed business restrictions on many players
The rating agency said in a statement that India's banking system continues to ride the good economic growth momentum, well supported by recent structural improvements in the system
The private lender notified its customers via email and SMS that they will continue to receive email alerts for all UPI transactions
Nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation last week, with Reliance Industries Ltd and HDFC Bank stealing the show with maximum gains, in line with rally in equities. Last week, the BSE benchmark zoomed 1,404.45 points, or 1.89 per cent. The 30-share BSE Sensex hit its all-time intra-day high of 75,636.50 on Friday. From the top-10 most-valued firms pack, only ITC emerged as the laggard. The market valuation of Reliance Industries jumped Rs 61,398.65 crore to reach Rs 20,02,509.35 crore. HDFC Bank added Rs 38,966.07 crore, taking its valuation to Rs 11,53,129.36 crore. The market valuation of Life Insurance Corporation of India (LIC) rallied Rs 35,135.36 crore to Rs 6,51,348.26 crore. Bharti Airtel's market capitalisation (mcap) zoomed Rs 22,921.42 crore to Rs 7,87,838.71 crore and that of Hindustan Unilever climbed Rs 9,985.76 crore to Rs 5,56,829.63 crore. The mcap of Infosys went up Rs 8,821.99 crore to Rs 6,08,198.38 crore an
Instead of cashback appearing as Swiggy Money on the Swiggy app, it will now be reflected directly on your credit card statement
Private sector lender HDFC Bank on Tuesday sold its entire 3.20 per cent stake in Protean eGov Technologies for Rs 150 crore through an open market transaction. According to the bulk deal data available with the BSE, HDFC Bank sold 12,94,326 shares, amounting to a 3.20 per cent stake in Protean eGov Technologies. The shares were offloaded at an average price of Rs 1,160.15 apiece, taking the transaction value to Rs 150.16 crore. Meanwhile, Nippon India Mutual Fund purchased 12.78 lakh shares or 3.16 per cent stake in Protean eGov Technologies for Rs 148 crore. The shares were acquired at an average price of Rs 1,160 per piece, taking the deal size to Rs 148.28 crore, as per the data on the BSE. Details of the other buyers could not be ascertained. Shares of Protean eGov Technologies gained 0.84 per cent to close at Rs 1,205.60 apiece on the BSE on Tuesday.