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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
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 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
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 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 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.
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
Net interest income (NII) for the Q2FY24 grew by 30.3 per cent to Rs 27,385 crore from Rs 21,021 crore for the Q2FY23
HDFC Bank Q2 results: Q2-FY24 will be the first quarter post the merger and, thus, there is likely to be a fair degree of volatility over estimates, analysts said
Stocks to watch on Monday, October 16, 2023: Ceat, Cyient DLM, Federal Bank, Jio Financial and Yatra Online among 24 companies to announce results today.
The combined market valuation of six of the top 10 valued firms jumped Rs 70,527.11 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer. While Hindustan Unilever Ltd, Bharti Airtel, ITC, ICICI Bank and HDFC Bank were the gainers, Infosys, Tata Consultancy Services (TCS), State Bank of India and Bajaj Finance emerged as the laggards. Last week, the BSE benchmark climbed 287.11 points or 0.43 per cent. The market valuation of Reliance Industries rallied Rs 22,191.43 crore to Rs 15,90,408.31 crore, the most among the top 10 firms. Hindustan Unilever added Rs 17,222.5 crore taking its valuation to Rs 6,04,326.62 crore. The valuation of Bharti Airtel jumped Rs 16,953.01 crore to Rs 5,36,035.96 crore and that of ITC climbed Rs 7,607.26 crore to Rs 5,59,071.10 crore. The market capitalisation (mcap) of ICICI Bank rose Rs 4,581.64 crore to Rs 6,66,639.07 crore and that of HDFC Bank went up by Rs 1,971.27 crore to Rs 11,65,135.58 crore. However, the valuati
Maruti Suzuki, Zomato, ITC and Tata Motors are other stocks that have seen continued buying interest from MFs
Securitisation volumes have grown 35 per cent to over Rs 1 lakh crore in the first half of the current fiscal, domestic ratings agency Crisil said on Thursday. The overall volume of securitisation -- wherein one lender bunches up a loan or a set of loans and passes on the future receivables to another financier against an upfront payment -- had stood at Rs 75,000 crore in the April to September period, it said. It attributed the jump in activity to banks' continued interest in retail assets, and strong credit growth among originating Non-Banking Financial Companies (NBFCs). The volume remained unfazed by the exit of a large housing finance company (HFC) from the securitisation space in the second quarter of this fiscal, following its merger with an affiliate bank. "The exit of one of the largest originators last quarter has been more than made up by other financiers. The overall first-half volume is now trending in line with pre-pandemic levels when the FY20 volume had touched Rs 1
In August, the RBI launched the portal to assist the public in searching for their unclaimed deposits across banks in one location
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The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago
Closing Bell on October 4, 2023: Nestle India, HDFC Bank, HUL, Infosys, and TCS rallied between 0.6 per cent and 3 per cent. Axis Bank was the biggest laggard, down 5 per cent
Arvind Kapil to head mortgages; To have two branching heads
Ample room for FPI investment, fundamental headwinds drive premiums down