Page 17 - Hdfc Bank

After muted Q3 results, HDFC Bank stock may have bottomed out

However, HDFC Bank seems to have bottomed out in mid-February when it hit a 52-week low of Rs 1,363

Identity security firm IDfy raises $27 mn for business expansion

Company's products help in employee background verification, risk and fraud mitigation

High gap between credit, deposit growth to impact loan sales, NIMs: Report

The continuing gap between credit and deposit growth rates is likely to impact both future loan sales as well as net interest margins of banks, says a report. Credit off-take grew at 20.3 per cent in this fiscal so far while deposits grew at a slower pace of 13.6 per cent YTD, according to the report by Care Ratings. The gap between credit off-take and deposit growth rates has resulted in a lower liquidity coverage ratio (LCR) while private banks led by HDFC Bank are reporting lower LCR than their public sector peers. According to a Care Ratings analysis, HDFC Bank has seen the highest fall from 120 per cent in the July-September quarter of FY24 to around 102 per cent in the third quarter, followed by ICICI Bank and Axis Bank at 118 per cent each for both quarters. On the other hand, the largest lender SBI has around 140 per cent in the second quarter and around 137 per cent in the third quarter of the current fiscal, while PNB and BoB has over 140 per cent each for both quarters.

Credit card issuance: HDFC Bank widens gap with nearest rival SBI Card

The total number of credit cards in circulation was 99.5 million in January 2024, steadily rising from 97.9 million in December 2023

HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs

Among these five, HDFC Bank, ITC and UPL can potentially rally up to 10 per cent; Whereas, Hindustan Unilever and Asian Paints can crack another 25 per cent, suggest charts.

Conscious call not to accept high cost deposits, says HDFC Bank CEO

HDFC Bank shares came under pressure after the Oct-Dec earnings numbers due to slower than expected growth in deposits and compression in net interest margin

Bank stocks outperform markets on Tuesday; HDFC Bank rises 2%; here's why

Shares of HDFC Bank gained 2 per cent to Rs 1,447.5 apiece in the intraday trade after global brokerage Citi gave a 'buy' rating

StanChart to continue focus on wealth management in India: Senior executive

Credit card 'core business' but will avoid competing with the country's private banks, says Kusal Roy

Nifty hits fresh high, Sensex ends 282 pts higher; consumer durables rally

Stock market highlights on February 19, 2024: Nifty index leaps to a new lifetime high of 22,187 after crossing previous high of February 2, 2024

Stocks to Watch today: Airtel, Paytm, LIC, Bajaj Auto, Adani Group, HDFC Bk

Stocks to watch on Monday, February 19, 2024: Shares of Adani group are likely to be in focus as the group is said to be in advanced talks to raise up to $2.6 billion from sovereign funds.

Street signs: FTSE boost for HDFC Bank, arbitrage gains in Bajaj, and more

Two-wheeler major Bajaj Auto has set February 29 as the record date for its Rs 4,000 crore buyback

Home loans business gives HDFC Bank CASA boost, says Arvind Kapil

The CASA deposits of the bank grew by 2.2 per cent quarter-on-quarter(QoQ) to Rs 8.35 trillion in Q3 FY24 with CASA ratio inching up to 37.7 per cent from 37.6 per cent in Q2 FY24

Mutual Funds' Rs 13k cr balm as FPIs bleed out HDFC Bank in January

MFs bought 88.2 million shares in January after selling 53.3 million shares during the November-December period

HDFC Bank hits 52-week low; slips 18% in 1 month wiping out Rs 2.3 trn mcap

Shares of HDFC Bank hit a 52-week low of Rs 1,363.45, down 2%, falling below its previous low of Rs 1,382.40 touched on January 24.

HDFC Bank raises $300 million through maiden sustainable finance bonds

Largest private sector lender HDFC Bank on Wednesday said it has raised USD 300 million in its maiden sustainable finance bond issue. The money raised is part of the USD 750 million bond-raise which was announced on Tuesday, a statement said, adding that the papers will be listed on the GIFT City. The USD 300 million sustainable finance bonds have been raised for a tenure of three years at a spread of 0.95 per cent over the US treasury, while the remaining USD 450 million will be repaid in five years at 1.08 per cent over the US Treasury, the statement said. The spreads are the tightest by an Indian issuer, it said. The bank said proceeds of the sustainable finance bond will be utilised for funding green and social loans in accordance with the sustainable finance, while the rest will be deployed for financing general banking activities. HDFC group head for treasury Arup Rakshit elaborated that the sustainable finance bonds funds will be prioritised for lending towards electric ...

HDFC Bank announces raising $750 mn through multi-year overseas bonds

Private lender mops up $300 mn via maiden sustainable finance bond

HDFC Bank accepts bids worth $750 mn for dollar bond issuances: Bankers

Barclays, Bank of America, JP Morgan, MUFG and Standard Chartered are the joint global coordinators and lead managers

HDFC Bank rolls out 4 SME credit cards for entrepreneurs, freelancers

The range will have 4 variants - BizFirst, BizGrow, BizPower, and BizBlack

RBI allows HDFC Bank group to buy up to 9.5% stake in ICICI Bank, 5 others

The group will also acquire stakes in Axis Bank, YES Bank Suryoday Small Finance Bank, IndusInd Bank, and Bandhan Bank

HDFC Bank talking to Paytm and evaluating developments: Parag Rao

The Reserve Bank of India (RBI) on January 31 stopped Paytm Payments Bank from accepting fresh deposits and carrying out transactions from February 29, 2024