Page 28 - Hdfc Bank

Apple to launch credit card in India, in talks with NPCI for Apple Pay

The iPhone maker is also holding talks with the National Payments Corporation of India (NPCI) to possibly launch Apple Pay in the country

Indian banks looking for a bigger stake in digital India via own QR codes

Lenders are leveraging partnerships with fintechs and technology service providers to manage their apps and QR codes

Weight issues in HDFC merger to create fresh trouble for large-cap funds

Active fund managers will be forced to remain underweight on the stock; Could have a bearing on their performance

HDFC sells education loan arm HDFC Credila to PE firms for Rs 9,060 crore

The sale of HDFC Credila, the education loan arm of the Housing Development and Finance Corporation (HDFC), comes ahead of the completion of HDFC's merger with HDFC Bank

Credit cards in force touch new high in April even as rollovers decline

Increasing reach and rewards boost credit card spends

Passive breach in HDFC-HDFC Bank: MFs to offload Rs 5,000 crore shares

However, experts do not see much of an impact on the stock prices as the HDFC twins are highly liquid names and will be able to absorb the selling pressure

Sebi may not waive holdings rule for MFs post HDFC Bank, HDFC merger

As per SEBI rules, a mutual fund scheme cannot invest more than 10% in a single security

Mutual funds may not get holdings waiver post HDFC Bank-HDFC merger: Report

As per SEBI rules, a mutual fund scheme cannot invest more than 10% in a single security. However, exchange-traded funds and funds that invest in particular sectors are exempt

India set for $168 bn behemoth as HDFC merger to be completed by 20 July

Announcement of the so called 'record date' - or the cut-off day set for investors - for the swapping of shares of Housing Development Finance Corp. for HDFC Bank Ltd

What a hike in MCLR means for borrowers: Who gets impacted and who doesn't

Marginal Cost of Fund based Lending Rate refers to the minimum interest rate a bank must charge for lending. The bank cannot grant any loan below that rate, except in certain cases permitted by RBI

HDFC may tap Arvind Kapil for mammoth mortgage business post merger

If he gets the role, Kapil will lead a mammoth mortgage business, that currently includes gross individual loans of Rs 5 trillion at HDFC and over Rs1 trillion at HDFC Bank

Sidbi signs MoU with HDFC Bank to offer financial solutions to MSMEs

State-owned Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs. Under the MoU, SIDBI and HDFC Bank will work together to provide complete financial product and services to the customers under Micro, Small and Medium Enterprises (MSMEs). The MoU will facilitate providing complete financial solutions to MSMEs in a seamless manner. This arrangement will enable MSMEs to avail financial products and services of both the banks. Both banks will endeavour to bring more MSMEs in financial ecosystems through the arrangement.

HDFC Bank suspends senior executive over video of his unruly behaviour

HDFC Bank on Monday suspended a high-ranking employee after a video of his unruly behavior with juniors on meeting business targets went viral on the social media. The country's largest private sector lender has suspended the vice president-rank officer based in Kolkata after a video highlighting his abusive behavior towards subordinates started getting shared on social media. "Basis a preliminary enquiry in the matter, the concerned employee has been suspended and a detailed investigation has been initiated which will be undertaken as per Conduct guidelines of the Bank," the lender said in a statement. The bank added that it has "a zero tolerance policy" for any form of misconduct and believes in treating all of its "employees with dignity and respect". In the undated video, the employee said to be a vice president rank official in-charge of regional bank branching is seen asking colleagues to sell insurance policies, leading to concerns being voiced about misselling of financial

Private banks register higher growth in deposits vs PSBs; rise 9.6% YoY

For the first time, HDFC Bank registered a total deposit of Rs 3.24 trillion, not quite close to SBI's deposits but still a sign of strong growth in terms of deposits

Abrdn likely to sell its entire stake in HDFC Life through a block deal

The shares will be sold between Rs 563.2 and Rs 585.15 each. At the upper end of the price band, the block sale would fetch abrdn Rs 2,088 crore

Bank of Maharashtra emerges as top performer in NPA management during FY23

The Pune-based state-owned lender was followed by HDFC Bank with net NPA falling to 0.27 per cent and Kotak Mahindra Bank clinching the third spot with 0.37 per cent of net advances

HDFC-HDFC Bank merger: HDFC AMC receives Sebi approval to change control

Earlier in April, the company announced that the merger will be completed by July this year

Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV

Stocks to Watch on Thursday: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year

SBI Funds Management gets RBI's nod to acquire 9.99% stake in HDFC Bank

The lender in the filing also stated that SBI Funds Management has been advised by the central bank to complete the said stake acquisition in the bank within a period of six months

IKEA, HDFC to launch financing options to make products more affordable

The scheme offers consumers EMI options with a mix of no-cost and low-cost solutions ranging from three to 30 months