Page 25 - Hdfc Bank

HDFC Bank slide triggers worst day for market in last 18 months

The latest decline in the markets wiped Rs 4.59 trillion off investors' wealth. The India VIX -- gauge of volatility -- rose to its highest since March 2023, ending at 15.08

Stock market crash: Here's what sent Sensex, Nifty into free fall on Jan 17

Stock market crash today: HDFC Bank's disappointing Q3 performance abetted profit booking in Sensex and Nifty along with a global market rout as rate cuts-related optimism waned

Stocks to Watch on Jan 17: Asian Paints, HDFC Bank, LTTS, Godrej Prop, LTIM

Stocks to watch on Wednesday, January 17, 2024: HDFC Bank reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for Q3FY24, topping estimates by over 1 percentage point

Q3 results: HDFC Bank posts Rs 16,373 crore profit for Sept-Dec 2023

Provisions Rs 1,200 cr against AIF exposure

HDFC Bank offloads its entire 4.31 per cent stake in Bandhan Bank

Srinivasan Vaidyanathan, Chief Financial Officer of HDFC Bank, has confirmed the development in the post-earnings media call without divulging any details

HDFC Bank Q3 results: Profit up 34% at Rs 16,373 crore, GNPA rises to 1.26%

Largest private sector lender HDFC Bank on Tuesday reported a 34 per cent jump in its standalone net profit to Rs 16,373 crore for the third quarter ended December 2023. The bank had earned a net profit of Rs 12,259 crore in the corresponding quarter of the previous fiscal year. Its total income on a standalone basis rose to Rs 81,720 crore in the October-December quarter of FY24 against Rs 51,208 crore in the year-ago period, HDFC Bank said in a regulatory filing. On a consolidated basis, the bank's profit increased 39 per cent to Rs 17,718 crore from Rs 12,735 crore. The consolidated total income rose to Rs 1,15,015 crore from Rs 54,123 crore at the end of the same quarter the previous year. On the asset quality side, the bank witnessed a marginal increase in gross non-performing assets (NPAs) to 1.26 per cent of the gross loans by the end of December 2023 from 1.23 per cent a year ago. However, its net NPAs came down to 0.31 per cent from 0.33 per cent at the end of the third

Stocks to Watch on Jan 16: HDFC Bank, Jio Fin, RVNL, HFCs, Nalco, Angel One

Stocks to Watch on Tuesday, January 16, 2024: HDFC Bank's Q3FY24 net profit growth may come in anywhere between -1.6 per cent and 1.3 per cent quarter-on-quarter (Q-o-Q)

India likely to get its first $1 trn market capitalisation firm by 2032

With a mcap of $213 billion, RIL is currently the most-valued Indian firm

HDFC Bank Q3 preview: In a steady quarter, analysts expect NIM to expand

The numbers are not comparable year-on-year (Y-o-Y) due to its merger with HDFC Ltd effective July 1, 2023

M-cap of 6 of 10 most valued firms declines by Rs 57,408 cr; TCS takes hit

The combined market valuation of six of the top-10 most valued firms declined Rs 57,408.22 crore last week, with Tata Consultancy Services (TCS) and HDFC Bank taking the biggest hit, in-line with muted trends in equities. Last week, the BSE benchmark declined 214.11 points, or 0.29 per cent, even after hitting an all-time high of 72,561.91 on January 1. The market valuation of TCS fell by Rs 20,929.77 crore to Rs 13,67,661.93 crore, the most among the top-10 firms. HDFC Bank's market capitalisation (mcap) declined Rs 20,536.48 crore to Rs 12,77,435.56 crore. The valuation of Hindustan Unilever fell Rs 10,114.99 crore to Rs 6,15,663.40 crore. The mcap of Infosys went down Rs 4,129.69 crore to Rs 6,36,222.11 crore, and that of ICICI Bank by Rs 1,608.05 crore to Rs 6,97,357.42 crore. The valuation of State Bank of India dipped Rs 89.24 crore to Rs 5,72,826.22 crore. However, the mcap of Reliance Industries jumped Rs 14,816.85 crore to Rs 17,63,644.77 crore while ITC added Rs 14,409

HDFC Bank's advances rise 62.4% to Rs 24.7 trn in December quarter

Retail deposits of the private sector major rose by Rs 53,000 crore during the quarter

HDFC Bank goes live with NPCI-developed UPI in secondary market platform

HDFC Bank has executed transactions via the NPCI's UPI payments app as part of the 'UPI for secondary market' facility, which which went live on Monday, the lender said in a statement. The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI). Effective January 1, Sebi and the stock exchanges permitted trading in the cash segment through block mechanism, on an optional basis, for the secondary market on the lines of Application Supported by Blocked Amount (ASBA) for primary markets where investors' funds will continue to remain in their savings account with the required funds being blocked instead of the investor having to upfront transfer the amount to the broker's account for placing trades. On December 29, the NPCI had said the 'UPI for secondary market' facility will go live from January 1 in the Beta phase for the equity cash segment, with support from clearing corporations, stock exchanges, .

M-cap of 8 of top-10 valued firms jump Rs 1.29 trn; HDFC biggest gainer

The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally. Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28. Equity markets were closed on Monday for Christmas. While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards. HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack. The market valuation of HDFC Bank jumped Rs 29,828.84 crore to Rs 12,97,972.04 crore. LIC added Rs 25,426.49 crore, taking its valuation to Rs 5,27,062.06 crore. The valuation of Bharti Airtel surged Rs 24,510.96 crore to Rs 5,80,645.54 crore, and that of Hindustan Unilever rallied

HDFC Bank market cap hits Rs 13 trn mark; stock surges 10% so far in Dec

Analysts believe the worst seems to be over in terms of margin compression, and are optimistic over its future growth prospects.

SBI, HDFC Bank will need to maintain higher capital from FY25, says RBI

The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer

Year Ender: 10 big events that shaped the Indian corporate world in 2023

From Hindenburg's report on the Adani Group to the signing of the biggest aircraft orders by Air India and Indigo, India saw several important corporate news in 2023. Here are the 10 most significant

HDFC Bank gets board nod for extension to Atanu Chakraborty as chairman

Country's biggest private sector lender HDFC Bank on Wednesday said its board has approved three years extension to Atanu Chakraborty as non-executive chairman. The board has recommended the re-appointment of Chakraborty as the part-time non-executive chairman and independent director of the bank to the Reserve Bank of India (RBI), for a second term of three years with effect from May 5, 2024 to May 4, 2027, HDFC Bank said in a regulatory filing. The re-appointment will be subject to the approval of the RBI and the shareholders of the bank, it said. He was appointed chairman of the bank in May 2024. Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020. Prior to that, he was Secretary of Department of Investment and Public Asset Management (DIPAM). Both departments come under the finance ministry.

RBI, Mumbai banks receive bomb threat demanding resignation of FM

Mumbai Police are investigating an email claiming bombs planted have been at 11 locations, calls for resignation of RBI governor and finance minister

HDFC bank raises Rs 7,425 crore through infrastructure bond issue

Private sector HDFC Bank on Wednesday said it has raised Rs 7,425 crore via non-convertible bonds for funding infrastructure and affordable housing projects. The bank issued and allotted on Wednesday on a private placement basis 7.71 per cent unsecured, redeemable, long-term, fully paid up, non-convertible bonds in the nature of debentures, HDFC Bank said in a regulatory filing. As many as 7,42,500 bonds of face value Rs 1,00,000 each were issued to raise Rs 7,425 crore for funding infrastructure and affordable housing projects, it said. The bank issued 7,42,500 bonds of face value Rs 1 lakh each, it said.

Srinivasa Rangan to look after corporate affairs in HDFC Bank, subsidiaries

Role involves oversight of all group companies and other responsibilities