Page 32 - Hdfc Bank

Made it a point to ensure zero customer disruptions: HDFC Bank Deputy MD

Once the merger was announced in April 2022, for an initial period of time due to regulatory requirements we were not engaging with one another

HDFC Bank: Despite merger, stock may remain sideways, caution analysts

Shares of HDFC Bank gained 3.2 per cent on the BSE in Monday's intra-day trade to hit a fresh record high of Rs 1,758 apiece

How HDFC merger impacts home loan borrowers, FD investors, account holders

The terms of your FD along with interest rates, interest computation methodology, tenure, maturity instructions and pay-outs will remain same until maturity/renewal of your FD.

HDFC twins gain up to 3% after they fix July 13 as record date for merger

HDFC Bank hit a record high of Rs 1,744.70, while HDFC hit a 52-week high of Rs 2,900.60. The stocks have rallied 7 per cent in the past four trading days

Top headlines: HDFC Bank to become top weight, FPI inflow hit 10-month high

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523 HDFC branches to become HDFC Bank's in phases, take total to 8,344

32 committees; 6 months, 6 leaders ensured smooth integration

M-cap of top-10 most valued firms jumps Rs 1.88 trn; HDFC Bank top gainer

The combined market valuation of the top 10 most valued firms jumped Rs 1.88 lakh crore last week, with HDFC Bank and Tata Consultancy Services emerging as the biggest gainers, amid bullish investor sentiments. Last week, the BSE benchmark jumped 1,739.19 points or 2.76 per cent. The 30-share BSE Sensex jumped 803.14 points or 1.26 per cent to settle at its lifetime closing high of 64,718.56 on Friday. During the day, it zoomed 853.16 points or 1.33 per cent to reach its record intra-day peak of 64,768.58. Propelled by optimism in equities, the combined market valuation of the top 10 most valued firms increased by Rs 1,88,050.82 crore. The valuation of HDFC Bank surged Rs 32,600.19 crore to Rs 9,51,584.36 crore, the most among the top 10 firms. Tata Consultancy Services (TCS) added Rs 30,388.43 crore, taking its market valuation to Rs 12,07,669.91 crore. The valuation of Infosys jumped Rs 28,862.38 crore to Rs 5,54,091.27 crore, and that of Reliance Industries zoomed Rs 23,984.28

Merger raises HDFC Bank's total business to over Rs 41 trn in FY23

The reverse merger of HDFC with its subsidiary HDFC Bank effective Saturday has increased the total business of the merged entity to over Rs 41 lakh crore, closer to the country's biggest lender SBI. The total business (deposit and advances) of State Bank of India (SBI) stood at Rs 70.30 lakh crore at the end of March 31, 2023. However, the combined profit is higher at Rs 60,000 crore as compared to Rs 50,232 crore recorded by SBI in FY23. Post-merger, HDFC Bank became the fourth most valued lender in the world, and narrowed the gap by asset size with state-owned SBI to be the second largest Indian bank. The total business of the merged entity stood at Rs 41 lakh crore at the end of March 2023. With the merger, the networth of the entity would be over Rs 4.14 lakh crore. Following the merger, the capital of HDFC Bank increased to Rs 1,190.61 crore with the power to increase or reduce the share capital. HDFC Investments and HDFC Holdings have been amalgamated with and into HDFC ..

Aim is to create one HDFC Bank in every four years: CEO Sashi Jagdishan

The bank will set up a grievance committee to hear the concerns of anyone who wishes to air their woes

Mistry, Karnad to join HDFC Bank board, CFO Rangan to be executive director

The merger of HDFC with HDFC Bank created a banking behemoth with a market cap of $180 billion - the fourth largest bank in the world

HDFC Bank starts rebranding HDFC Ltd offices, branches after merger

HDFC Bank started rebranding offices of erstwhile HDFC Ltd with its colours on Saturday, on the first day of operations as a merged entity. Branding at all over the 500 offices and branches of the home loan major started getting the HDFC Bank look from Saturday morning onwards, officials said. The entire exercise of changing the look at HDFC Ltd's offices and branches is slated to take about 24 hours, they said, adding that HDFC Ltd's corporate headquarters at Ramon House is among the places where the branding has already been changed. HDFC Ltd, the parent of the country's largest private sector lender, merged into HDFC Bank on Saturday, with boards of both the entities clearing the plan first presented on April 4 last year. HDFC Ltd, the largest pure-play home financier, ceases to exist 44 years after it was founded. Sashidhar Jagdishan, the managing director and chief executive of the HDFC Bank, is slated to address a townhall later in the evening. Over 3,500 employees of HDFC ha

Top headlines: HDFC-HDFC Bank merger, OMCs and discounts on Russian crude

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HDFC posts 9% year-on-year growth in managed assets till June-end

The loans outstanding that qualify as priority sector loans under banking norms stood at about Rs 1.1 trillion, HDFC said in filing with BSE

Home loan pioneer finds a new home: HDFC journey will complete on July 1

The journey will complete on July 1, 2023, the date on which the merger with HDFC Bank comes into effect

Deepak Parekh passes the baton to 'Sashi' with 'hope and anticipation'

Parekh also touched upon the issue of work culture, which is seen as a crucial piece in any merger

HDFC Bank will preserve 'HDFC way of working' after merger: Deepak Parekh

Parekh said that the cross-selling of assets and liabilities of HDFC's home loan business will be done 'seamlessly' through their digital platforms.

Sensex & Nifty hit record high on Dalal Street

A wonderful Wednesday for Dalal Street as markets touch fresh life-time highs! The benchmark indices the S&P BSE Sensex hit a record high of 64,000-mark, while Nifty50 claimed an all-time high. >

HDFC twins near 52-week highs ahead of Board meet; stocks up 4% this week

Shares of HDFC Bank and HDFC Ltd gained 2 per cent each in Friday's intra-day trade ahead of their Board meeting to finalise merger date

Homegrown bank giant bigger than Morgan Stanley to arise from India merger

The tieup of HDFC Bank & Housing Development Finance Corp creates a lender that ranks 4th in equity m-cap, behind JPMorgan Chase, Industrial and Commercial Bank of China and Bank of America Corp

TCS on global credit cards: HDFC Bank says clearing real-time checks tough

Working with industry, quickly building internal systems to facilitate LRS reporting, says lender