Merchants and other entities that have stored card details of customers will have to purge the data and apply tokenisation
HDFC Bank has hiked its MCLR by 60 basis points since the Monetary Policy Committee (MPC) hiked the benchmark policy rate by 40 basis points in early May
Says India could double the size of home loan business to $600 billion in 5 years
The board of directors of HDFC and HDFC Bank on April 4 had approved the plan for an all-stock deal merger
CEO Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double balance sheet every five years
Stocks to Watch Today: AU Small Finance Bank will be in focus as the company has set June 10 as the record date for the proposed 1:1 bonus issue.
The Bajaj and HDFC twins can rally up to 8 per cent provided the stocks manage to sustain above the following key technical levels on the daily and weekly charts.
The market valuation of HDFC Bank jumped Rs 39,358.5 crore to reach Rs 7,72,514.65 crore
The same number had stood at $12.91 billion in the year-ago period and $8.7 billion in 2020, the report by Grant Thornton Bharat said
In a Q&A, Srinivasan Vaidyanathan says the lender expects to reduce employee turnover at the junior level with the introduction of RSUs
If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.
Here is the Best of BS Opinion for Monday
There won't be instant gratification for investors but the move will catapult the bank into the big league
Non-banking financial companies may have entered a comfort zone years after having been put through the wringer
FPIs have sold shares worth Rs 1.6 trn in domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC
Slower-than-expected credit growth amid weakening macros due to the Ukraine-Russia conflict; further softness in margins due to slower retail credit growth are key risks according to analysts
Mortgage lender HDFC on Tuesday launched a spot offer on WhatsApp to provide an in-principle home loan approval for buyers within 2 minutes. HDFC's Spot Offer on WhatsApp' is a platform that will enable prospective borrowers to get an in-principle home loan approval instantly, the lender said in a statement. All that the users have to do is initiate a conversation on HDFC's WhatsApp number (+91 9867000000) and provide some basic information, in a few clicks through a guided conversational flow, it said. On basis of the information keyed in by the customer, a provisional home loan offer letter is generated instantaneously. The home loan spot offer facility can be availed 24x7, it said, adding there is no waiting time' for the home loan approval letter. This facility is available to salaried resident Indians. "We at HDFC have been focusing and investing on digital transformation for better customer experience and engagement. Demand for housing in India continues to remain extremely
HDFC Bank hiked marginal cost of funds based lending rate (MCLR) by 25 bps across all tenures up to 7.7 per cent, effective May 7
According to the private lender's website, the overnight MCLR stands at 7.15 per cent compared to 6.9 per cent earlier.
The financiers of Indo-Star Capital Finance include State Bank of India, HDFC Bank, and ICICI Bank, according to the Annual Report for FY21