HDFC Bank's non-interest income is expected to take a hit due to lower treasury income
Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.
In an investor presentation, the bank has made a case for inclusion in the MSCI and FTSE indices
According to the technical analyst from Anand Rathi, HDFC Bank is trading near multiple support area, hence the probability of the stock resuming its uptrend is high.
The lender's board will consider the proposal at a board meeting on April 16
JEE (Main) dates rescheduled to enable students across the country to prepare well for the exams, says National Testing Agency
The proposed merger of HDFC Bank and HDFC Ltd will moderately hurt the lender's profitability in the next 2-3 years, driven by higher funding costs to meet the regulatory liquidity norms, Moody's said
Shares of HDFC Bank and HDFC have fallen 6 per cent in the past two trading days
As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.
On Monday, HDFC and HDFC Bank announced their boards had approved an all-stock amalgamation of the former into the latter, subject to regulatory approvals
Cost-wise, the housing loans would certainly come at a cheaper cost because the bank has low-cost deposits or Casa [current and savings account]
The merger of HDFC Bank and HDFC shall help the former become the most valuable bank outside of China and the United States
Analysts think there are multiple challenges such as impact of SLR/CRR/PSL compliance cost; the RBI's aversion to banks holding considerable stakes in para-banking businesses
Analysts say the RBI is unlikely to be comfortable with the size of the insurance operations the deal will give the bank
The merger is expected to be completed by Q2/Q3 of FY24
The merger is expected to be completed by Q2/Q3 of FY24
While the merger of HDFC twins will increase the bank's product portfolio and ability to cross-sell, there are financial and regulatory concerns that investors should know. Find out in this report
The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.
Fifty-five years ago, Hasmukh Thakordas Parekh set up HDFC Ltd, which went on to become a marquee name in India Inc
Lender wants either be allowed to hold a 47.82 per cent stake HDFC Ltd in the insurer or buy additional stake in the company from the market