Page 15 - Hdfc Bank

Balancing act: Can the new HDFC Bank regain its pre-merger old glory

After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward

HDFC Bank imposes fee on credit card rent payments via CRED, Paytm, others

Earlier this year, ICICI Bank and SBI Cards stopped offering reward points for rent payments on several credit cards

Street signs: HDFC Bank's global balancing act, Bulls reign, bears retreat

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

Securitisation volumes back to historic high after HDFC twins' merger

Housing finance company accounted for 23% of the FY23 volumes of around 1.8 trillion

Nifty hits a new high of 23,323 amidst gains in heavyweight stocks

The gains in public sector enterprises like Power Grid and Coal India also boosted sentiment

HDFC Bank raises FD rates by 20 basis points with effect from June 10

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

HDFC Bank hikes fixed deposit rates on select tenues: All you need to know

For its general customers, HDFC Bank now offers interest rates that range from 3% to 7.25%, depending on the tenure of the deposit

Sensex plunges over 5,000 points intraday; check factors behind the fall

The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results

HDFC Bank debit, credit cards won't work for 2 short windows on June 4, 6th

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.

RBI's increased scrutiny of banks, financial firms leads to restrictions

Since 2020, the RBI has placed business restrictions on many players

From ICICI to HDFC: S&P upgrades outlook on six Indian banks to positive

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

HDFC Bank to stop SMS alerts for small UPI payments soon; details here

The private lender notified its customers via email and SMS that they will continue to receive email alerts for all UPI transactions

Mcap of 9 of top-10 most valued firms jump Rs 1.85 trn; Reliance sparkles

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

Swiggy HDFC Bank credit card revises cashback plan: All you need to know

Instead of cashback appearing as Swiggy Money on the Swiggy app, it will now be reflected directly on your credit card statement

HDFC Bank exits Protean eGov Tech, sells entire stake for Rs 150 crore

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.

HDFC Bank's Pixel Play credit card lets you pick your perks! Is it worthy?

The card allows you to tailor benefits to your lifestyle and pick shops to earn cashback, as well as choosing card design and billing cycle date.

Why did Chris Wood of Jefferies sell his holding in HDFC Bank stock?

Calendar year 2024 (CY24) will be a good year for 'quality stocks and bonds', according to analysts at Morgan Stanley. Stocks, they said, have priced in a 'perfect landing' scenario

IFC extends $500 million credit line to HDFC Bank for micro loans

Presently, non-banking financial companies (NBFCs), including microfinance institutions (MFIs) and small finance banks, are the major lenders to women seeking loans for income generation purposes

HDFC Bank raises $500 mn from IFC to extend microloans to women borrowers

HDFC Bank on Friday said it has raised USD 500 million from IFC for onlending to underserved women borrowers. The country's largest private sector lender will extend finance for income generation, fostering financial inclusion and socio-economic growth, as per an official statement. It will extend the microloans to self-help groups and joint liability groups of women enrolled under the Sustainable Livelihoods Initiative (SLI) of the lender. HDFC Bank's group head for Treasury, Arup Rakshit, said this is a longer duration credit facility which has been availed by the lender, and it will help in boosting the bank's efforts in empowering women. The statement said even though the non-banks have a deeper reach and serve two-thirds of the microfinance market, banks' extensive reach and lower funding costs can be leveraged to extend microloans to women. "Access to financial services is key to empowering women and strengthening the economy," IFC's regional director for South Asia Imad ...

6-7% of overall annual expenses are on tech related aspects, says HDFC Bank

Country's largest private sector lender HDFC Bank spends 6-7 per cent of its overall expenses on technology-related aspects every year, a senior official said on Tuesday. Parag Rao, HDFC Bank head for payments and consumer finance, said the bank has been investing in digital capabilities amid "cloudification", where tasks are moved to the cloud. The comments come amid greater regulatory scrutiny on the technology front. "We spend about 6-7 per cent of our overall expenses on technology," he told reporters here on the sidelines of a digital credit card launch of the bank. He explained that the spends go up initially when the capital expenditure is higher and then go down gradually. About 50 per cent of the spend is on employees, while the rest is on remaining aspects like hardware, software and keeping the network operational, he said. It can be noted that HDFC Bank was the first major lender to be slapped with business restrictions like a pause on issuing new credit cards and als