The Governance, Nomination and Remuneration Committee is expected to conclude the process soon before the proposal is sent to the RBI for regulatory approval
Leading private lenders expect lending momentum to continue after strong June-quarter growth, with companies increasingly opting for bank loans over costlier bond market borrowings
Net interest income increased 6.7 per cent YoY to ₹33,535 crore in Q1FY27 from ₹31,438 crore a year earlier
Q1FY27 company results: Firms including ICICI Bank, Punjab National Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Can Fin Homes, and JK Cement are also to release their April-June earnings today
State-owned NLC India's subsidiary NLC India Renewables Ltd (NIRL) has appointed four leading investment banks, including SBI Capital Markets and HDFC Bank, as book running lead managers for its proposed initial public offering (IPO). The other two book running lead managers (BRLMs) which have been selected following a board-approved, structured and competitive process are -- IIFL Capital Services, IDBI Capital Markets & Securities. The proposed IPO is expected to strengthen NIRL's capital base and support its long-term growth strategy in the renewable energy sector and to contribute to the country's target of achieving 500 GW of non-fossil fuel-based energy capacity by 2030, a company statement said on Friday. Also, it is intended to facilitate the listing of the equity shares of NIRL on the recognised stock exchanges in India, subject to receipt of applicable statutory and regulatory approvals, prevailing market conditions and other customary considerations. The appointment is ..
RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings
The insurer's June-quarter margins remained resilient despite slower premium growth, with management expecting recovery in the HDFC Bank channel and stable VNB margins
HDFC Life and ICICI Prudential Life Insurance reported double-digit growth in first-quarter profit, supported by higher premium collections, investment income and healthy business growth
Former Chief Election Commissioner Rajiv Kumar will serve as HDFC Bank's part-time chairman for three years after receiving the Reserve Bank of India's approval
HDFC Bank on Wednesday said RBI has approved appointment of former Chief Election Commissioner Rajiv Kumar as part-time chairman of the bank for a period of three years. His appointment comes into effect from July 15, 2026, HDFC Bank said in a regulatory filing. Interim chairman Keki Mistry continues to be a non-executive non-independent director of the bank, it added. Kumar is former Chief Election Commissioner of India and Finance Secretary. Kumar had been instrumental in revitalising public sector banking and the financial sector as Secretary Department of Financial Services between 2017 and 2020. Within a fortnight of Kumar joining Department of Financial Services, accounts of about 3.38 lakh shell companies were frozen, hitting at the architecture of black money itself. Curbs on ponzy schemes followed. Through decisive policy direction and execution, Kumar led a comprehensive clean-up of bank balance sheets by mandating transparent recognition and provisioning of NPAs and by
For the first time in nearly a decade, HDFC Bank has reduced its workforce. What's behind the cuts?
Govt needs to focus more on low-end work, which will be impacted more by technology and artificial intelligence
Moody's has affirmed the ratings of SBI and HDFC Bank with a stable outlook, citing strong asset quality, healthy profitability and solid capital buffers
India's third largest private sector lender, Axis Bank had also reduced its workforce by around 3,100 in FY26 as investments in technology over the years began yielding productivity gains
There are two key issues behind this phenomenon. The RBI and the government can solve this in a jiffy
The bank's total staff fell to 211,178 as of March 31 from a year earlier with new hiring dropping by 3,811, according to its annual report released on Saturday
The combined market valuation of four of the top-10 most valued firms jumped Rs 92,995.48 crore last week, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex declined 194.52 points, or 0.25 per cent, and the NSE Nifty dipped 63.95 points, or 0.26 per cent. "Markets ended the week marginally lower, snapping a four-week winning streak amid renewed geopolitical tensions in West Asia and a sharp spike in crude oil prices," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Markets started the week on a positive note, supported by easing crude prices, encouraging Q1 business updates, improving monsoon progress, and broad-based buying, he said. However, sentiment weakened during mid-week following escalating IranUS tensions, triggering a sharp sell-off before benchmark indices recovered a significant part of the losses over the final two sessions, Mishra added. The gainers from the top-10 pack were Reliance Industries, HDFC Bank, .
HDFC Bank's ex-chairman Atanu Chakraborty's overall earnings grew 3.53 per cent to Rs 1.07 crore in FY26, as per disclosures made by the country's largest private sector lender on Saturday. Chakraborty, a career bureaucrat who quit flagging concerns on ethics and governance towards the end of the fiscal, earned Rs 1,07,25,269 in sitting fees and remuneration in FY26, as per the annual report of the bank for the fiscal year. This was higher than the Rs 1,03,58,871 earned in FY25, as per the annual report for the previous fiscal. The FY26 annual report mentioned that as a parttime chairman and independent director of the bank, he was entitled to a fixed remuneration of Rs 50 lakh for FY26, and the same was approved by the RBI as well. "Since Chakraborty resigned as part-time chairman and independent director of the bank with effect from March 18, 2026, such fixed remuneration was paid to him on a proportionate basis. In addition, Mr. Chakraborty was paid sitting fees for attending th
In its FY26 annual report, HDFC Bank's leadership defended the lender's governance standards after former chairman Atanu Chakraborty's resignation triggered questions over board oversight
Virat Jagad, technical analyst at Bonanza says HDFC Bank displays a positive price action, with key momentum oscillators favourably placed. The analyst expects the stock to target ₹880 levels.