Page 5 - Hdfc Bank

Will continue supporting HDB Financial post-IPO as well: HDFC Bank CEO

HDFC Bank's Managing Director and CEO Sashidhar Jagdishan on Wednesday said the lender will continue supporting its subsidiary HDB Financial Services post-listing as well. Terming the Rs 12,500-crore initial public offering a "complex" transaction, Jagdishan said this is a "historic" day for the HDFC Bank-promoted non banking finance company (NBFC). HDB shares got listed on bourses on Wednesday. Speaking before the listing, Jagdishan said the IPO will provide "independent capital and visibility" for the company to accelerate its growth trajectory. "We will continue to support HDB as it navigates the opportunities and challenges of the public market," Jagdishan said. He added that HDB is well positioned to capitalise on the opportunity by the underserved credit segments in the country which provide a "large runway", and added that the company has "strong fundamentals" for doing so. HDFC Bank, the largest by assets in the private space, has nurtured the NBFC over the years, the CEO

HDB Financial IPO allotment today; check status, GMP, listing date

HDB Financial allotment status: Investors can check their status on the official websites of BSE, NSE, or MUFG Intime India, the registrar for the issue

HDFC Bank trims FD, savings & RD rates again in June: Here's what changing

Private-sector lender announces such a decision for the second time in June after central bank's repo rate cut earlier

Final hours! HDB Financial IPO closes today: Check subscription status, GMP

HDB Financial IPO Day 3 update: Check latest subscription status, grey market premium (GMP), reviews, allotment date, listing date, and other key details here

Monthly stock picks by Motilal Oswal Financial Services: HDFC Bank, UTI AMC

Stocks to buy: Motilal Oswal's research desk recommends HDFC Bank, Federal Bank, Trent, Kaynes and others; check full list here

Multiple HC benches recuse from hearing plea of HDFC Bank CEO in fraud case

Several benches of the Bombay High Court have recused from hearing HDFC Bank CEO and MD Sashidhar Jagdishan's plea to quash an FIR of cheating and fraud registered against him on a complaint filed by the Lilavati Kirtilal Mehta Medical Trust. While some judges cited having worked with either the Trust or the lawyers appearing for it, one judge on Thursday voluntarily disclosed that he held few shares of the HDFC Bank. Senior counsel Amit Desai appearing for Jagdishan said they do not have an objection with the same but counsel Niteen Pradhan appearing for the Trust took an objection. Pursuant to this, the bench of Justices M S Sonak and Jitendra Jain recused and said the matter shall be placed before another bench. According to the complaint filed by the Trust, which owns and manages the prominent Lilavati Hospital in Mumbai, Jagdishan allegedly accepted a bribe of Rs 2.05 crore in exchange for providing financial advice to help the Chetan Mehta Group retain illegal and undue ...

HDB Financial IPO Day 2 update: Subscription lags at 69%, employees lead

HDB Financial Services IPO Day 2 subscription status: The issue received bids for 9,02,77,760 shares compared to 13,04,42,855 shares on offer

HDB Financial IPO off to a slow start; subscription lags at 21%, GMP at 9%

HDB Financial IPO Day 1 update: Check latest subscription status, grey market premium (GMP), price band, lot size, review, allotment date, listing date, and other key details here

Brokerages upbeat on HDB Financial IPO; GMP up 10%; should you subscribe?

Adding to the buzz, the shares of HDB Financial are commanding a decent premium in the grey market on the first day of its opening

HDB Financial IPO pricing reflects investor feedback, say bankers

The IPO, which opens on June 25 and closes on June 27, has kept a price band of ₹700-740 per share

Lilavati Trust files ₹1,000 cr defamation case against HDFC CEO Jagdishan

Lilavati Trust accuses HDFC Bank CEO of running a smear campaign and facilitating fraud, filing a ₹1,000 crore defamation suit and a criminal complaint in Mumbai

Dividend stocks! Vedanta, 31 others to go ex-date next week; full list here

Here is the complete list of stocks that will trade ex-dividend next week along with their key details

HDFC Bank may pocket ₹9,373-cr profit from HDB Financial Services IPO

HDB Financial Services IPO comprises a fresh equity issuance worth ₹2,500 crore, alongside an offer for sale (OFS) in which HDFC Bank will divest part of its stake valued at ₹10,000 crore

Stocks to Watch today, June 20: HDFC Bk, Nestle, Concor, Sai Life Sciences

Stocks to Watch today, June 20: HDFC Bank, Nestle, HCLTech, TCS, Maruti Suzuki, Wipro among top stocks to remain on radar

RBI circular overhang weighs on the HDB Financial Services valuation

IPO valuations likely to be $7.2 bn, down from $10 bn eyed earlier

HDFC Bank CEO Jagdishan moves Bombay HC to quash FIR by Lilavati Trust

The FIR by Lilavati Trust accuses Sashidhar Jagdishan of accepting ₹2.05 crore from members of the Chetan Mehta Group in exchange for helping them retain control over the Trust

Mcap of 8 top valued firms erodes by ₹1.65 trn, HDFC Bank biggest laggard

The combined market valuation of eight of the top-10 most valued firms eroded by Rs 1,65,501.49 crore last week, with HDFC Bank taking the biggest hit, in-line with a bearish trend in domestic equities. Last week, the BSE benchmark tanked 1,070.39 points or 1.30 per cent. While Tata Consultancy Services (TCS) and Infosys witnessed net addition in their market valuations, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Life Insurance Corporation of India (LIC), Bajaj Finance and Hindustan Unilever Ltd faced erosion. The valuation of HDFC Bank tanked by Rs 47,075.97 crore to Rs 14,68,777.88 crore. The market capitalisation (mcap) of ICICI Bank tumbled Rs 30,677.44 crore to Rs 10,10,375.63 crore. The valuation of Reliance Industries dropped by Rs 21,516.63 crore to Rs 19,31,963.46 crore and that of State Bank of India eroded by Rs 18,250.85 crore to Rs 7,07,186.89 crore. The mcap of Hindustan Unilever Ltd dived by Rs 16,388.4 crore to Rs 5,44,893.71 .

HDFC Bank-LKMM Trust row escalates amid claims over loan irregularities

As LKMM Trust questions the existence of a loan and cites missing documentation, HDFC Bank calls the allegations false and prepares for legal action to protect its interests

HDFC Bank ADR premium surges to over 10% as foreigners favour US shares

HDFC Bank's ADRs now trade over 10% above local shares as tax advantages and revived global interest draw foreign portfolio investors to US-listed equities

HDFC, ICICI Bank cut retail deposit rates after RBI repo rate reduction

HDFC Bank and ICICI Bank lower fixed deposit and savings account interest rates following the RBI's 50 basis point repo rate cut amid slow policy transmission