Page 31 - Hdfc Bank

Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn

Meanwhile, RIL had reported a consolidated net profit of Rs 66,702 crore and ICICI Bank Rs 34,037 crore in FY23

Top headlines: Disney explores option for India biz, veggie prices soar

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HDFC Bank gets six months to move HDFC clients to external benchmark

It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark

RIL shines in lacklustre trade; Sensex ends 64 pts up; broader indices slip

CLOSING BELL ON JULY 10, 2023: Reliance alone contributed 302 points to the BSE Sensex as the stock finished 3.8 per cent higher. The NSE Nifty 50 was up 24 points at 19,356 on Monday.

In HDFC Bank integration process, 70% of HDFC top executives to retire

The absence of the leadership from HDFC is likely to make the integration process smoother and faster as the leadership from the HDFC bank will drive the process

Stocks to Watch today, July 10: Cyient DLM, Titan, SBI, Zee, IOC, HDFC Bank

Stocks to watch on July 10, 2023: BHEL, Delta Corp, Granules and India Cements are the four stocks in F&O ban period on Monday.

Make hay while the sun shines

It's time for the government, the majority owner of public-sector banks, to reap the benefit of the rally in bank stocks

HDFC Bank to replace HDFC Ltd on MSCI Global indexes from July 13

Still, HDFC Bank's shares are up 2% so far this year, while HDFC's shares have gained 5%, but are both underperforming the blue-chip Nifty 50, which is up 6.8%

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'