Page 21 - Hdfc Bank

RBI imposes penalty on HDFC Bank, Bank of America for violating FEMA norms

RBI fined HDFC Bank, a leading private sector bank, for accepting deposits from non-residents and flouting RBI's directions under the Liberalised Remittance Scheme of FEMA, 1999

HDFC Bank appoints former Nabard chairman Bhanwala as its director

HDFC Bank on Monday said the board of the bank has approved the appointment of former NABARD chairman Harsh Kumar Bhanwala as an additional independent director. The board in its meeting on Monday also approved the appointment of V Srinivasa Rangan, chief financial officer of erstwhile Housing Development Finance Corporation Ltd, as executive director for three years with effect from November 23, 2023, HDFC Bank said in a regulatory filing. Both appointments are subject to shareholders' approval, it said. Bhanwala has been appointed for a period of three consecutive years from January 25, 2024 to January 24, 2027, it said. Currently, Non-Executive Chairman of MCX, Bhanwala also serves as the Director on the boards of IIM Rohtak and Bayer Crop Science Ltd. Prior to leading National Bank for Agriculture and Rural Development (NABARD), he was the chairman and managing director of the India Infrastructure Finance Company (IIFCL), as per the filing. Rangan has vast experience in housi

Samvat 2080: Stock picks from Anand Rathi, Nirmal Bang, Sharekhan, Axis Sec

Here's a list of stocks recommended by top brokerage and research firms that can help you build your portfolio this Diwali.

Staying ahead of curve to reinforce Prime position: SBI chairman Khara

The July-September 2023 was the first quarter when HDFC-HDFC Bank did business as a combined entity, escalating competition for loans as well as deposits

Last day to invest in HDFC Bank Senior Citizen Care FD with 7.75% interest

The Senior Citizen Care FD offers senior citizens aged 60 years and above an additional 0.75 per cent interest rate for FDs of less than 5 crores

HDFC Bank on hiring spree to fuel biz growth and tackle attrition head-on

Bank has hired over 56K since March 2022; focus on reining in attrition, women re-hiring

M-cap of 9 of top-10 most valued firms surges Rs 97,463 cr; Reliance leads

The combined market valuation of nine of the top-10 most valued firms surged Rs 97,463.46 crore last week, with Reliance Industries emerging as the biggest gainer, amid an overall positive trend in equities. Last week, the BSE benchmark jumped 580.98 points or 0.91 per cent. Barring Bajaj Finance, the rest nine firms, including Reliance Industries, HDFC Bank, ICICI Bank and State Bank of India emerged as gainers. The market valuation of Reliance Industries jumped Rs 36,399.36 crore to Rs 15,68,995.24 crore. State Bank of India's market capitalisation (mcap) zoomed Rs 15,305.71 crore to reach Rs 5,15,976.44 crore. The valuation of ICICI Bank surged Rs 14,749.52 crore to Rs 6,54,042.46 crore and that of HDFC Bank climbed Rs 11,657.11 crore to Rs 11,25,842.89 crore. The mcap of Bharti Airtel rallied Rs 9,352.15 crore to Rs 5,23,087.22 crore and that of Hindustan Unilever Limited gained Rs 6,320.4 crore to Rs 5,89,418.46 crore. Infosys added Rs 3,507.08 crore taking its valuation to

HDFC Bank revises Regalia CC lounge access program, to depend on spending

On reaching the quarterly milestone, the customers are eligible for just two complimentary lounge access vouchers. Post which, the access will depend on the credit card spending of the cardholders

Tax deadlines to special FDs: 5 important financial dates in November 2023

One of the major requisites for pensioners post their retirement is to provide life certificates to the authorised pension disbursing agencies like Banks, Post offices etc.

HDFC Bank 2.0 under Sashidhar Jagdishan: Steady beginning, miles to go

HDFC Bank, under Jagdishan, took the challenge head on and went on war footing to plug the gaps

M-cap of top-10 firms plunge Rs 1.93 trn; TCS, HDFC Bank biggest laggards

All the top-10 most valued firms suffered a combined erosion of Rs 1,93,181.15 crore in market valuation last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in line with bearish trend in equities. In a holiday-shortened last week, the BSE benchmark tanked 1,614.82 points or 2.46 per cent. The market valuation of TCS plunged Rs 52,580.57 crore to Rs 12,25,983.46 crore, the most among the top-10 firms. HDFC Bank's market capitalisation (mcap) slumped Rs 40,562.71 crore to Rs 11,14,185.78 crore. The valuation of Reliance Industries Limited dropped Rs 22,935.65 crore to Rs 15,32,595.88 crore and that of Infosys tumbled Rs 19,320.04 crore to Rs 5,73,022.78 crore. The mcap of Bharti Airtel fell by Rs 17,161.01 crore to Rs 5,13,735.07 crore and that of Bajaj Finance diminished by Rs 15,759.95 crore to Rs 4,54,814.95 crore. ICICI Bank's valuation tanked Rs 13,827.73 crore to Rs 6,39,292.94 crore and that of ITC slipped Rs 5,900.49 crore to Rs 5,40,637.34

Buying a car this Diwali? Here are the latest loan rates, processing fees

Some banks are offering additional interest concessions of up to 0.25 per cent for existing housing loan borrowers and corporate salary account holders

Paperless loans: HDFC Bank launches digital banking platform 'XpressWay'

XpressWay offers services like personal loans, business loans, car loans, home loans, loan on cards, credit card, savings accounts, service journeys and more

RIL, HUL, ITC: Top 50 APAC firms lose over $185 billion in m-cap in Q3

Reliance Industries (8 per cent), Hindustan Unilever (7.9 per cent) and ITC (1.3 per cent) were the Indian companies that saw a drop in m-cap during the recently concluded quarter

Outweighing HDFC Bank, better return ratios: How analysts see ICICI Bank Q2

Over the past three months, shares of ICICI Bank have slipped 6.7 per cent on the bourses as against HDFC Bank's 10.14 per cent correction

HDFC Bank distributes Rs 42 cr to fractional shareholders of HDFC Ltd

HDFC Bank on Thursday said it has distributed Rs 42.40 crore to fractional shareholders of HDFC Ltd through a trust created after the merger with its parent. The reverse merger of HDFC Bank with HDFC Ltd was effective from July 1, 2023. As per the Composite Scheme of Amalgamation, HDFC Bank will issue and allot to eligible shareholders 42 new equity shares of the face value of Re 1 each, credited as fully paid-up, for every 25 equity shares of the face value of Rs 2 each fully paid-up held by such shareholders in HDFC Ltd as on the record date -- July 13, 2023. The fractional entitlements were consolidated, and the aggregate of such fractions was rounded up to the next whole number and allotted directly to 'HDFC Bank Unclaimed factional amount 2023', a trust managed by Axis Trustee Services Ltd, the bank said in a regulatory filing. HDFC Bank did not issue fractional shares, entitlements or rights to any shareholders of erstwhile HDFC Ltd. However, it said, all fractional entitlem

TMS Ep544: Hosting Olympics, IT results, HDFC Bank, Model Code of Conduct

Is hosting the Olympics a good bet for India? How to decode the IT results? How do analysts interpret HDFC Bank's Q2 show? What is the Model Code of Conduct? All answers here

HDFC Bank Q2 puts levers in place to undo stock underperformance: Analysts

HDFC Bank stock: HDFC Bank has made a good beginning after the merger, and given a huge pace of capacity building, we believe that there are levers in place to sustain this momentum in business growth

Stocks to Watch today: HDFC Bank, Grasim, JFS, Sugar, Ceat, SpiceJet, BoM

Stocks to watch on Oct 17, 2023: HDFC Bank reported a 50 per cent jump in net in its first results after merger with HDFC; Jio Financial posted 100 per cent growth in net post demerger from Reliance.

HDFC Bank's bad loan jumps, margin narrows post-merger, Q2 profit up 50.6%

Net interest margins, which had been above 4 per cent for many years, dropped to 3.4 per cent in the July-September period, largely owing to the higher cost of funds from the erstwhile HDFC