Nifty Bank index may hit record levels of 33,000 if it surpasses the resistance of 32,300
Analysts at BofA Securities have upgraded Axis Bank, IndusInd Bank, and State Bank of India (SBI) on a "surprisingly" resilient asset quality outlook, and reasonable valuations
In the broader market, the S&P BSE MidCap index ended the day in the green, up 0.4 per cent at 18,749 level.
HDFC is planning to raise up to Rs 5,000 crore by issuing bonds on private placement basis
Going into the year 2021, however, experts say returns may moderate in the new year. However, select stocks still offer a good upside over the next one year, charts show
Former Economic Affairs Secretary Atanu Chakraborty is likely to be the next Chairperson of the country's largest private sector lender HDFC Bank, sources said.
The tenure of current part-time Chairman Shyamala Gopinath will end on January 1.
Online service 'Smart Finance' to cover 30 cities, Company says this will result in improvement of enquiry to sales conversion
The recurring outages also risk hurting the bank's brand perception among a growing and increasingly digital-savvy customer base, and increase the chances of clients switching to other banks
Moody's says RBI halting the bank's Digital 2.0 initiative and sourcing new credit cards is credit negative
Central bank, which yesterday pulled up HDFC Bank for multiple outages of its digital services, is checking why SBI's YONO application went down.
RBI measures won't affect existing customers. Similar measures could be taken for larger banks that faced recent outages
Flipkart is doing a partial spin-off of PhonePe. More on that story in our top headlines of the day.
The RBI also took note of the recent outage in the bank's internet banking and payment system on November 21, 2020, due to a power failure in the primary data centre.
Combined entity would be nearly half SBI's size and in an indisputable No 2 slot; cost of funds a hurdle though
HDFC Bank, which is at number three position in overall market-cap ranking of listed companies, has become the first lender to achieve the milestone.
With Rs 8-trillion milestone, HDFC Bank now stands at third position in the overall market-cap ranking of listed companies
In the past month, HDFC Bank has outperformed the market by gaining 17 per cent, against 10 per cent rise in the S&P BSE Sensex
Operation of some banks including HDFC Bank were temporarily impacted on Saturday due to power outage at Dhirubhai Ambani Knowledge CITY, in Navi Mumbai which has data centres of several companies
Bajaj Finance emerged as the biggest gainer, reflecting bullish investor sentiment