HDFC Bank will use a rare debt instrument known as pass-through certificates to sell loan portfolios worth up to Rs 10,000 crore ($1.2 billion)
InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.
Service will enable easy digital payments; bank will collaborate with educational consultants and aggregators
Mumbai-based HDFC's wealth business has about 800 relationship managers serving customers in about 100 cities and towns
Take a look at the current personal loan rates and charges from some well-known banks
Analysts, on their part, are of the view that long-term investors could continue to hold the stock
HDFC Bank, India's top private lender and the heaviest stock in the benchmark NSE Nifty 50, will see an increase in its weightage, triggering potential inflows of $1.8 billion, Pagaria said
HDFC Bank MSCI rebalance news: MSCI has announced that the weight of HDFC Bank will be gradually increased, in two tranches, to full weight of 1
Says focused on creating personalised experience for customers
Sashidhar Jagdishan, MD & CEO of HDFC Bank, was highest paid banker in India in FY23
Starting from September 1, 2024, there will be a cap of 2,000 reward points per calendar month on utility transactions for HDFC Bank credit card users
These updates will impact various types of transactions and fees for credit card holders
The bank has indicated that it will grow its advances slower than its deposits to bring down its elevated credit-deposit ratio
For deposits below Rs 3 crore, HDFC Bank has increased the interest rates by 20 basis points for tenors of 35 months and 55 months
It will offer 7.35% and 7.40% on fixed deposits below Rs 3 crore for 35 months and 55 months tenors
Depositors in India have been saving less in banks as soaring equity markets and avenues such as mutual funds, insurance funds and pension funds lure them
HDFC Bank share price outlook: analysts see HDFC Bank's LDR, which is the highest amongst peers, to fall below the level in about two years
HDB Financial Services Ltd. is in talks with a group of global and local banks to finalise the terms
Stocks to Watch today, Monday, July 22: Mukesh Ambani-owned Reliance Industries Limited, last Friday, reported a 5.5% Y-o-Y decline in consolidated profit to Rs 15,138 crore in Q1FY25
Bank to Prioritise Engagement and Service Over Interest Rates for Deposits