Page 30 - Hdfc Bank

Mcap of 7 of top-10 most valued firms climb Rs 67,859 cr; ICICI Bank shines

Seven of the top-10 most valued firms together added Rs 67,859.77 crore in market valuation in a holiday-shortened last week, with ICICI Bank and HDFC Bank emerging as the biggest gainers. Last week, the 30-share BSE Sensex climbed 598.03 points or 0.99 per cent. Equity markets were closed on Friday (April 14) on account of Ambedkar Jayanti. From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, HDFC, ITC, State Bank of India and Bharti Airtel were the winners, while Tata Consultancy Services (TCS), Hindustan Unilever and Infosys were the laggards. The market valuation of ICICI Bank jumped Rs 17,188.25 crore to Rs 6,27,940.23 crore. HDFC Bank's valuation rallied Rs 15,065.31 crore to Rs 9,44,817.85 crore. The market valuation of HDFC climbed Rs 10,557.84 crore to Rs 5,11,436.51 crore and that of ITC zoomed Rs 10,190.97 crore to Rs 4,91,465.96 crore. Reliance Industries market capitalisation (mcap) surged Rs 9,911.59 crore to Rs 15,93,736.01 crore. The mcap of State B

Top headlines: HDFC Bank recommends 1900% dividend, Sec 144 imposed in UP

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HDFC Bank Q4 net profit up 19.8% to Rs 12,047 cr on healthy loan growth

The bank's total balance sheet expanded by 19.2% to Rs 24.6 trillion

HDFC Bank Q4 net rises 20% to Rs 12,594 cr, GNPA ratio improves to 1.12%

HDFC Bank on Saturday reported a 20.60 per cent growth in its consolidated net profit to Rs 12,594.47 crore for the March 2023 quarter. The country's largest private sector lender had reported a net profit of Rs 10,443.01 crore for the January-March period a year ago and Rs 12,698.32 crore in the preceding December quarter. For FY23, the bank reported a net profit of Rs 45,997.11 crore against Rs 38,052.75 crore in FY22. On a standalone basis, the bank reported a 19.81 per cent rise in its net profit to Rs 12,047.45 crore. Its overall income on a standalone basis grew to Rs 53,850 crore compared to Rs 41,086 crore in the year-ago period. The overall provisions for loan losses and other aspects stood at Rs 2,685.37 crore for the reporting quarter against Rs 3,312.35 crore a year ago. The gross non-performing assets ratio improved to 1.12 per cent at the end of March from 1.17 per cent a year ago and 1.23 per cent in December 2022.

Credit card spends touch all-time high of Rs 1.37 trillion in March

As per latest data, almost 63 per cent of the spends or a little over Rs 86,000 crore came from e-commerce while the rest was at point of sales (PoS) terminals

Bull run enters 9th day for benchmarks; IT shares crack; AU SFB soars 17%

CLOSING BELL: IDBI Bank shares, too, surged 10 per cent after a Reuters report said the RBI has begun evaluating at least five potential bidders interested in picking up a majority stake in the lender

HDFC Bank: Analysts see muted profit growth in Q4 amid higher provisions

HDFC Bank preview: Near-term focus, analysts said, would be the status of the merger with HDFC Ltd

Stocks to Watch: TCS, Infosys, Karnataka Bank, FRL, Jindal Stainless

Stocks to Watch today: Analysts expect Infosys to report muted quarter-on-quarter (QoQ) revenue growth between 0.1-0.7 per cent in constant currency (cc).

HDFC Bank ties up with Export Import Bank of Korea for $300 mn credit line

HDFC Bank on Wednesday announced that it has signed a "Master Inter Bank Credit Agreement" with Export Import Bank of Korea for a USD 300 million line of credit. The pact was signed by the two entities at GIFT City in Gujarat's capital Gandhinagar on Wednesday, said a release by the HDFC Bank. This agreement will help HDFC Bank raise foreign currency funds which it would extend to Korea-related businesses, said the release. "This line of credit would be utilised by HDFC Bank towards funding requirements of companies having equity participation by Korean companies as well as companies having business relationship with Korean companies," it said. It will also be utilised towards funding requirements of consumers for the purchase of cars manufactured by Korea related companies, said the release. The pact is likely to promote and increase the HDFC Bank's business with Korean entities and products. The first drawdown under the programme would happen by May, said the release. "Our agre

Stocks to Watch: TCS, HDFC Bank, Adani Ent, Sugar, Paras Defence, BHEL

Stocks to watch today: Lenders of debt-ridden Reliance Capital (RCap) have fixed April 26 as the new date for the second auction. As per the earlier schedule, it was to be held on April 11

Top headlines: Vedanta may issue NCDs, IMF cuts FY24 India growth forecast

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HDFC Bank to raise up to Rs 50,000 crore through bonds in FY24

Previous largest bond raise was by SBI at over Rs 38,850 cr in FY23

HDFC Bank says it will raise $6 billion in debt over next one year

The proposed fund raise would be by issuing perpetual debt instruments, or Additional Tier-1 (AT-1) bonds, Tier-II capital bonds and long-term bonds, the bank said in an exchange filing

Mcap of 8 of top-10 firms climbs Rs 82,169 cr last week; HDFC twins sparkle

Eight of the top 10 valued firms added Rs 82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for 'Mahavir Jayanti' and on Friday (April 7) on account of 'Good Friday'. The 30-share BSE Sensex climbed 841.45 points or 1.42 per cent in the holiday-shortened week. Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 9,29,752.54 crore. HDFC's market valuation surged Rs 18,877.55 crore to Rs 5,00,878.67 crore. Bharti Airtel added Rs 9,533.48 crore taking its valuation to Rs 4,27,111.07 crore. The market capitalisation (mcap) of Reliance Industries rallied Rs 6,731.76 crore to Rs 15,83,824.42 crore and that of TCS climbed Rs 5,81

Top headlines: Subpar global trade growth, Sebi crackdown on ads, and more

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HDFC twins, economic data lifts markets, Sensex gains over 2,000 points

The expansion of India's services sector for the 20th straight month further boosted sentiment

HDFC Bank garners record Rs 1.5 trillion deposits in a quarter

This is the highest in a three-month period since merger announcement with HDFC Ltd

Stocks to Watch: Bajaj Finance, RIL, ONGC, HDFC Bank, IndusInd, HCL Tech

Stocks to Watch: ONGC, Oil India, Reliance will be in focus as the Centre has slashed windfall tax on domestically produced crude oil to nil from Rs 3,500 a tonne, effective from April 4

HDFC Bank's advances rise 17% YoY to Rs 16 trillion; deposits up 21%

The lenders' CASA deposits grew by 11.3% to Rs 8.03 trillion

HDFC Bank records 16.9% increase in credit growth at Rs 16 trillion

Private sector lender HDFC Bank on Monday said it has recorded a 16.9 per cent increase in credit growth at Rs 16 lakh crore at the end of the March quarter. The bank had an outstanding credit at Rs 13.6 lakh crore at the end of March 31, 2022, HDFC Bank said in a regulatory filing. On a sequential basis, the bank posted a 6.2 per cent growth compared to the amount of Rs 15.06 lakh crore at the end of 2022 December quarter. As per the bank's internal business classification, domestic retail loans grew around 21 per cent compared to the end of March 2022 and about 5 per cent compared to the end of December 2022. Commercial and rural banking loans grew around 30 per cent over March 31, 2022 and about 9.5 per cent compared to December 31, 2022. Corporate and other wholesale loans rose around 12.5 per cent over March 31, 2022 and around 4.5 per cent over December 31, 2022, it said. The bank's deposits aggregated to approximately Rs 18.83 lakh crore as of March 31, 2023, a growth of a