Indian equity benchmarks rose to their highest closing levels in about 10 weeks, supported by HDFC Bank, easing crude oil prices and continued foreign portfolio investor inflows
Stocks to watch today: HDFC Bank, Coal India, Tata Steel, Sobha Ltd, Bank of Baroda, Radico Khaitan, Senco Gold, Fortis Healthcare, IndusInd Bank, Dabur, among others, will be in focus today.
Axis Bank posted the strongest growth in loans and deposits among large private banks in Q1FY27, while HDFC Bank and Kotak Mahindra Bank also reported healthy balance-sheet expansion
India's largest private lender reports gross advances of Rs 30.61 trillion and deposits of Rs 31.71 trillion at June-end, while CASA deposits decline sequentially
Axis Bank has emerged as a major leadership talent pool for India's financial sector, with former executives taking top roles across banks, NBFCs and financial institutions
HDFC Bank is banking on former Finance Secretary Rajiv Kumar's appointment as chairman to restore investor confidence after Atanu Chakraborty's sudden resignation
Kotak Institutional Equities said that the recent management changes at HDFC Bank, Axis Bank and Bandhan Bank appear to be driven by individual career considerations rather than bank-specific concerns
Premium credit card users can now earn only 3,000 accelerated points monthly on SmartBuy brand vouchers, while overall reward limits remain unchanged
Puneet Sharma will join HDFC Bank as CFO-designate from September 1 before taking charge in December, succeeding retiring CFO Srinivasan Vaidyanathan after over six years at Axis Bank
From leading India's public sector bank clean-up to overseeing the world's biggest election, Rajiv Kumar now takes on one of corporate India's most closely watched boardroom roles
The board also approved the appointment of Rajiv Kumar as an Additional Director (Independent Director) for a four-year term starting June 30, 2026
HDFC Bank's legal review finds no evidence behind governance allegations, clearing path for leadership stability, chairman appointment and CEO term extension
Stocks to Watch today, June 29: Tata Motors PV, Torrent Power, Dr Reddy's Laboratories, Aurobindo Pharma, KEC International, and Adani Ports are among the top stocks to watch during today's trade
MD & CEO Sashidhar Jagdishan's tenure ends this October
Atanu Chakraborty didn't participate in the review, ignoring requests from the external law firms
Policy worries fade; clarity on foreign currency deposit lifts lenders
Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency deposits, including via their offshore branches.
India's top private lender, HDFC Bank, sold $750 million of five-year dollar bonds last week at a spread of about 90 basis points over US Treasuries
RBI has approved the extension of Keki Mistry's tenure as interim part-time chairman of HDFC Bank until September 18, 2026, or until a regular chairman is appointed
India's largest private-sector lender tapped offshore markets through its GIFT City IFSC unit, issuing senior unsecured bonds carrying a 5.067 per cent coupon