Page 24 - Hdfc Bank

Nifty heavyweights at crossroads; HDFC, ICICI Bank look favourable on chart

HDFC Bank, Reliance Industries, ICICI Bank, Infosys and ITC collectively hold over 42 per cent weightage on the Nifty 50, and are expected to act as trend setters for the benchmark.

HDFC Bank enters into co-lending partnership with CreditWise Capital

Leading private lender HDFC Bank entered into a co-lending partnership with CreditWise Capital (CWC) for extending two-wheeler loans. CWC said in a statement on Friday that by virtue of the co-lending agreement, loans for two-wheelers will be available in Tier 2, 3 and 4 towns of the country. Founder and director of CWC Aalesh Avlani said that the agreement signifies a paradigm shift in the lending landscape. The partnership combines the strength of HDFC Bank's expertise in offering credit facility and CWC's loan processing platform for assessing potential borrowers and also their credit profile. Prashant Patel, executive VP, Capital and commodity markets, HDFC Bank, said "The collaboration with CWC aligns with our vision of expanding the reach and to cater to the evolving needs of our customers".

HDFC Bank, Adani Ent, IEX among 6 stocks to cross 200-DMA in last 2 days

Overall, as many as 464 stocks among the Nifty 500 were seen trading above the 200-DMA highlighting the underlying positive sentiment in the market.

Stocks to Watch today, Sep 11: Adani Grp, HDFC Bank, RIL, Sonata, IRB Infra

Stocks to watch on September 11, 2023: Balrampur, Delta Corp, India Cements, Manappuram, PNB and SAIL among nine stocks in F&O ban on Monday.

LIC Housing Finance, HDB cut fundraise amount due to volatile market

LIC Housing raises Rs 941 cr against indicative Rs 1,500 cr

Sold Credila as merger required lengthy regulatory approval process: Parekh

On July 1, housing finance major HDFC completed the reverse merger with its subsidiary HDFC Bank

Markets log 4th day of gains on buying in HDFC Bank, Asian markets

Fag-end buying helped the BSE Sensex climb 100.26 points or 0.15 per cent to settle at 65,880.52

HDFC Capital Advisors plans to raise $2 billion private credit fund

The fundraising underscores an increased appetite for credit in India as real estate firms launch projects to meet demand from customers reviewing their home purchase decisions after the pandemic

HDFC Bank's premium co-branded credit card with Marriot: Is it worth it?

The card is a co-branded product with Marriott Bonvoy, Marriott's customer loyalty programme. Diners Club International is the network partner.

HDFC Bank, Marriott Bonvoy to launch co-branded hotel credit card

The co-branded card offers a slew of benefits ranging from a free night award valued at up to 15000 points which can be redeemed at Marriott Bonvoy's participating hotels globally

HDFC Bank''s asset quality continues to be stable: Senior bank official

Asset quality of the country's largest credit card issuer HDFC Bank continues to be stable even as many of its peers are facing challenges, a senior official said on Thursday. The bank is witnessing "good traction" on the Unified Payments Interface (UPI) for credit cards, its head for payments business and consumer finance Parag Rao told reporters here. "We have not seen any rise (in defaults) or any stress in our portfolio. We continue to be stable even as we get out of the pandemic," Rao said, speaking on the sidelines of the launch of a co-branded credit card with Marriott Bonvoy. Recently, there have been concerns over high growth in unsecured credit card portfolios by many players in the industry, which has also led to speculation about regulatory moves to take care of the concerns. As per RBI data, state-run banks' gross non-performing assets (GNPAs) from the credit card segment have doubled to 18 per cent at the end of 2022-23. When asked about the likelihood of any such ..

Oil dependence a key challenge for India: HDFC Bank director Keki Mistry

Mistry said that the trajectory of oil prices always needs to be watched as India imports 85 per cent of its oil requirements and is the world's third-largest oil importer

Housing demand has power to unlock economy's potential: HDFC Bank Director

HDFC Bank Director Keki Mistry on Wednesday asserted that the demand for housing will continue in India and it has the power to unlock the potential of the economy. Speaking at the foundation day celebration of Bandhan Bank, Mistry said the housing sector also generates huge employment and has a better credit risk profile than other segments. "Housing holds the key to unlock the potential of the economy. I am optimistic about the demand for housing in India. It also generates huge employment," Mistry, vice-chairman and CEO of erstwhile HDFC said. Mortgage lender HDFC has now been merged with HDFC Bank. Mistry said the penetration level of mortgage lending is very low in the country as compared to the US or China. "Mortgage to GDP ratio is very low in India," he said. "The structural demand for housing in the country will always be strong," Mistry said, adding that "housing loans are safe and have better credit risk profile". Regarding corporate governance (CG), Mistry said the r

HDFC Bank wants to ride India consumer boom after home loan dominance

The Mumbai-based bank is converting about 530 offices that previously specialized in mortgages into ones with fully-fledged banking services in the coming months, said Kaizad Bharucha

Top headlines: Hero Moto targets enhanced mkt share, market wrap and more

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M-cap of seven of 10 firms declines by Rs 80,200 cr; TCS biggest laggard

The combined market valuation of seven of the top 10 valued firms declined by Rs 80,200.24 crore last week amid a weak trend in equities, with Tata Consultancy Services and HDFC Bank emerging as the biggest laggards. In a holiday-shortened last week, the BSE benchmark fell by 373.99 points or 0.57 per cent. From the top 10 pack, Reliance Industries, Hindustan Unilever and Infosys were the gainers while Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, ITC, State Bank of India, Bharti Airtel and Bajaj Finance saw a decline in their valuation. The market valuation of Tata Consultancy Services (TCS) tanked Rs 29,894.45 crore to Rs 12,32,240.44 crore. HDFC Bank's valuation declined by Rs 19,664.06 crore to Rs 12,02,728.20 crore. The market valuation of Bajaj Finance eroded by Rs 12,233.5 crore to Rs 4,15,763.47 crore and that of ITC tumbled Rs 8,338.45 crore to Rs 5,50,821.26 crore. Bharti Airtel's market capitalisation (mcap) fell by Rs 8,081.38 crore to Rs 4,78,730.70 crore a

HDFC launches life insurance, asset management services from GIFT IFSC

HDFC Group on Thursday announced the launch of its life insurance and asset management services at International Financial Services Centre (IFSC) in Gujarat's GIFT City. HDFC International Life and Re has been set up by HDFC Life, while HDFC AMC International (IFSC) Ltd has been established by HDFC Asset Management Company to offer services to Non-Resident Indians (NRIs) and the global Indian diaspora. While the new unit under brand name HDFC Life International will offer US dollar-denominated life as well as health insurance solutions, HDFC AMC International would provide fund management and advisory solutions as part of its offshore hub, the group said in a statement. "We look forward to further contributing to the India growth story and to make world-class foreign currency denominated insurance solutions available for NRIs and global Indians through HDFC Life International and; Indian investment solutions available to global investors and global investment solutions available to

HDFC Bank merger helped boost credit offtake to 19.7%: Care Ratings

The merger of HDFC with HDFC Bank has pushed credit offtake by an incremental 500 basis points to 19.7 per cent for the fortnight to July 28, excluding which the system-wide lending growth was only 14.7 per cent on-year, according to a report. The largest pure-play mortgage lender HDFC merged with its own banking subsidiary on July 1 in a record USD 40 billion all stocks merger, creating a banking behemoth with a balance sheet of over Rs 23 lakh crore. Credit offtake continued to show robust growth, increasing by 19.7 per cent on-year to reach Rs 148 lakh crore for the fortnight to July 28. This was primarily driven by the impact of the HDFC-HDFC Bank merger as well as growth in personal loans and loans to NBFCs, Care Ratings said in the report. If the merger impact is excluded, credit grew at a lower 14.7 per cent on-year for the fortnight, it noted. Deposits too witnessed healthy growth, increasing by 12.9 per cent for the fortnight, including the merger impact. Growth has not b

Mcap of 7 of top 10 firms falls by Rs 74,603 cr, HDFC Bank biggest laggard

The combined market valuation of seven of the top 10 valued firms declined by Rs 74,603.06 crore last week, with HDFC Bank emerging as the biggest laggard. The BSE benchmark declined 398.6 points or 0.60 per cent last week. ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of India added to their market valuation. The valuation of HDFC Bank declined by Rs 25,011 crore to Rs 12,22,392.26 crore. ICICI Bank's market valuation eroded by Rs 12,781 crore to Rs 6,66,512.90 crore and that of Bharti Airtel fell by Rs 11,096.48 crore to Rs 4,86,812.08 crore. The valuation of Hindustan Unilever tanked Rs 10,396.94 crore to Rs 5,87,902.98 crore and that of ITC skidded by Rs 7,726.3 crore to Rs 5,59,159.71 crore. The market capitalisation (mcap) of Bajaj Finance declined by Rs 4,935.21 crore to Rs 4,27,996.97 crore and that of Infosys dipped Rs 2,656.13 crore to Rs 5,69,406.39 ...

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