HDFC Bank Q1FY24 results: Analysts believe the merged HDFC Bank is better placed than most of the other private banks as far as margin expansion and net interest income (NII) growth is concerned
Monday was the first day when the 3.11 billion new shares of HDFC Bank issued to shareholders of erstwhile Housing Development Finance Corp (HDFC) commenced trading
CLOSING BELL on July 17: The benchmark S&P BSE Sensex notched a new high of 66,656 in the intra-day trade, while the Nifty50 hit a new record high of 19,732
Total deposits grew 19.2% to Rs 19.13 trn in the quarter, says India's largest private sector lender
The bank's gross non-performing assets (GNPAs) rose slightly to 1.17 per cent in Q1FY24 as compared to 1.12 per cent in Q4FY23
On Monday, the bank's market capitalisation crossed $150 billion, making it bigger than Morgan Stanley, Goldman Sachs and Bank of China
Stocks to watch on July 17, 2023: From HDFC Bank to Angel One, here are the top stocks to watch in Monday's trading session
13 NBFCs raised Rs 12,551 crore in July so far
HDFC Bank on Friday said it has allocated over 311 crore new shares of the bank to shareholders of merged entity HDFC Ltd. The share allocation was done as per the swap ratio announced as part of the composite scheme of amalgamation. As per the scheme, every HDFC shareholder has got 42 shares of HDFC Bank for every 25 shares they hold. "...accordingly, today HDFC Bank has allotted 3,11,03,96,492 new equity shares of Re 1 each of HDFC Bank in accordance with the share exchange ratio provided in the scheme, to/for such eligible shareholders of HDFC Limited who were holding shares as on the record date," the bank said in a regulatory filing. The said equity shares allotted would be listed on the stock exchanges and rank pari passu in all respects with the existing equity shares of HDFC Bank, it said. "Accordingly, the paid-up share capital of the bank will increase from Rs 559.17 crore consisting of 5,59,17,98,806 equity shares of Re 1 each to Rs 753.75 crore consisting of 7,53,75,69,
Private lender had more than 100,000 customers and 170,000 merchants under pilot programme
HDFC Bank Q1 results preview: Analysts will be glued to the management's earnings growth guidance for the merged financial behemoth
LTIMindtree was formed after the merger of L&T Infotech (LTI) and Mindtree and commenced trading on the Indian stock market under its new name in December 2022
Meanwhile, RIL had reported a consolidated net profit of Rs 66,702 crore and ICICI Bank Rs 34,037 crore in FY23
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It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark
CLOSING BELL ON JULY 10, 2023: Reliance alone contributed 302 points to the BSE Sensex as the stock finished 3.8 per cent higher. The NSE Nifty 50 was up 24 points at 19,356 on Monday.
The absence of the leadership from HDFC is likely to make the integration process smoother and faster as the leadership from the HDFC bank will drive the process
Stocks to watch on July 10, 2023: BHEL, Delta Corp, Granules and India Cements are the four stocks in F&O ban period on Monday.
It's time for the government, the majority owner of public-sector banks, to reap the benefit of the rally in bank stocks
Still, HDFC Bank's shares are up 2% so far this year, while HDFC's shares have gained 5%, but are both underperforming the blue-chip Nifty 50, which is up 6.8%