Page 26 - Hdfc Bank

HDFC merger may lead to 300 bps deceleration in credit demand: Report

The USD 40-bllion merger of the HDFC twins may lead to a 300-basis points deceleration in credit off-take to 13-13.5 per cent this fiscal from a tad over 15 per cent last fiscal, a report said. Credit off-take grew 15.4 per cent on-year to Rs 140.2 lakh crore for the fortnight to June 16, driven by personal loans and lending to non-banks, up from 13.2 per cent a year ago. Meanwhile, deposits also saw a healthy growth at 12.1 per cent on-year in the same fortnight partly supported by the withdrawal of the Rs 2,000 bank notes. This had the spread between credit and deposits growth dropping to 337 basis points (bps) in the reporting fortnight from 875 bps in November 2022, which was the largest in recent years, Care Ratings said in a note. In absolute terms, for the trailing 12 months, deposits expanded by Rs 20 lakh crore while incremental credit expanded by Rs 18.7 lakh crore from Rs 14.1 lakh crore, the note said. Even though forecasting for a healthy growth in demand for credit,

This can be a template for why big is necessary: HDFC Bank chairman

'Credit growth is picking up. Banks are now in a lending mode'

India Banks: Merger of HDFC Bank with HDFC is a serious makeover

Of the two big changes expected this year, one has just occurred and created a juggernaut bigger than Morgan Stanley

LIVE: Sharad Pawar calls NCP's National Executive meeting in Delhi tomorrow

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Shares of HDFC twins down 3% each as its loan growth figure falls to 15%

HDFC Bank (merged entity) reported gross loan growth of 15 per cent compared to a standalone loan growth of 20 per cent, an analyst pointed out

HDFC evaluates promoter Jain's offer for 2 Radisson Blu hotels in Ghaziabad

The total outstanding loan for the hotel properties amounts to Rs 507 crore and the loan has been categorised as a special mention account (SMA) 2, as of June

HDFC Bank-HDFC's combined loan book up 13.1%; deposits up 16.2% in Q1

Sequentially, merged entity's advances rose by 0.7% to Rs 22.30 trillion as of March 31

LTIMindtree to replace HDFC on Nifty50 benchmark with effect from 13 July

LTI's inclusion in the Nifty50 index will result in inflows of Rs 1,450 crore ($177 million) from passive trackers, as per a note by IIFL Alternative Research

Top headlines: Spicejet most delayed airline, Twitter rival to launch Thurs

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For advising on $64 billion HDFC Bank deal, bankers get a 0.0002% fee

HDFC's all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million

Explained: How HDFC-HDFC Bank merger will impact equity mutual funds

Several investors are concerned that since both stocks are among the widely held scrips in their portfolios, it could result in a fire sale of the entity at a beaten-down price.

Will follow path and structure of ICICI, HDFC Bank: IDFC First Bank CEO

'Basically, IDFC FIRST Bank will become a widely held, diversified financial institution with a diversified set of shareholders'

Made it a point to ensure zero customer disruptions: HDFC Bank Deputy MD

Once the merger was announced in April 2022, for an initial period of time due to regulatory requirements we were not engaging with one another

HDFC Bank: Despite merger, stock may remain sideways, caution analysts

Shares of HDFC Bank gained 3.2 per cent on the BSE in Monday's intra-day trade to hit a fresh record high of Rs 1,758 apiece

How HDFC merger impacts home loan borrowers, FD investors, account holders

The terms of your FD along with interest rates, interest computation methodology, tenure, maturity instructions and pay-outs will remain same until maturity/renewal of your FD.

HDFC twins gain up to 3% after they fix July 13 as record date for merger

HDFC Bank hit a record high of Rs 1,744.70, while HDFC hit a 52-week high of Rs 2,900.60. The stocks have rallied 7 per cent in the past four trading days

Top headlines: HDFC Bank to become top weight, FPI inflow hit 10-month high

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523 HDFC branches to become HDFC Bank's in phases, take total to 8,344

32 committees; 6 months, 6 leaders ensured smooth integration

M-cap of top-10 most valued firms jumps Rs 1.88 trn; HDFC Bank top gainer

The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 per cent. The 30-share BSE Sensex jumped 803.14 points or 1.26 per cent to settle at its lifetime closing high of 64,718.56 on Friday. During the day, it zoomed 853.16 points or 1.33 per cent to reach its record intra-day peak of 64,768.58. Propelled by optimism in equities, the combined market valuation of the top 10 most valued firms increased by Rs 1,88,050.82 crore. The valuation of HDFC Bank surged Rs 32,600.19 crore to Rs 9,51,584.36 crore, the most among the top 10 firms. Tata Consultancy Services (TCS) added Rs 30,388.43 crore, taking its market valuation to Rs 12,07,669.91 crore. The valuation of Infosys jumped Rs 28,862.38 crore to Rs 5,54,091.27 crore, and that of Reliance Industries zoomed Rs 23,984.28

Merger raises HDFC Bank's total business to over Rs 41 trn in FY23

The reverse merger of HDFC with its subsidiary HDFC Bank effective Saturday has increased the total business of the merged entity to over Rs 41 lakh crore, closer to the country's biggest lender SBI. The total business (deposit and advances) of State Bank of India (SBI) stood at Rs 70.30 lakh crore at the end of March 31, 2023. However, the combined profit is higher at Rs 60,000 crore as compared to Rs 50,232 crore recorded by SBI in FY23. Post-merger, HDFC Bank became the fourth most valued lender in the world, and narrowed the gap by asset size with state-owned SBI to be the second largest Indian bank. The total business of the merged entity stood at Rs 41 lakh crore at the end of March 2023. With the merger, the networth of the entity would be over Rs 4.14 lakh crore. Following the merger, the capital of HDFC Bank increased to Rs 1,190.61 crore with the power to increase or reduce the share capital. HDFC Investments and HDFC Holdings have been amalgamated with and into HDFC ..