Loan growth of country's largest private sector lender lagged that of industry
The Supreme Court declined to intervene in the FIR against HDFC Bank MD Sashidhar Jagdishan as the Bombay High Court is set to hear the matter on 14 July
Mukul Rohatgi, representing HDFC Bank CEO Sashidhar Jagdishan, assures no threat of arrest, calls FIR "malafide" as Supreme Court defers case to Bombay High Court for hearing on July 14
On 4th July, the Supreme Court refused to intervene in a plea filed by HDFC Bank CEO Sashidhar Jagdishan to quash an FIR against him on a complaint by Lilavati Trust.
The Supreme Court on Friday refused to entertain a plea by HDFC Bank CEO and MD Sashidhar Jagdishan challenging an FIR of cheating and fraud registered against him on a complaint by the Lilavati Kirtilal Mehta Medical Trust, which runs the prominent Lilavati Hospital in Mumbai. A bench of Justices P S Narasimha and R Mahadevan noted that the matter was already listed for hearing on July 14 before the Bombay High Court. "We are not inclined to entertain the matter. We will not apply our mind to the merits. If matter is not heard on 14th, you come back. "We hope and trust that high court will take the matter up on the designated date," the bench said. Senior advocate Mukul Rohatgi, appearing for Jagdishan, submitted that the bank has been roped in a private dispute. "The idea is to summon the MD to police station. No proceedings should be taken against the MD," he said. Rohatgi said they had moved the Bombay High Court but three benches of the high court have so far recused themsel
HDFC Bank CEO Sashidhar Jagdishan moved the SC against a cheating FIR filed by Lilavati Hospital Trust, which alleged he accepted ₹2.05 crore to help one group retain control of the Trust
HDB Financial Services debuted at a premium of about 13 per cent to its issue price and closed its maiden session 13.6 per cent higher
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 allotment status: Investors can check their status on the official websites of BSE, NSE, or MUFG Intime India, the registrar for the issue
Private-sector lender announces such a decision for the second time in June after central bank's repo rate cut earlier
HDB Financial IPO Day 3 update: Check latest subscription status, grey market premium (GMP), reviews, allotment date, listing date, and other key details here
Stocks to buy: Motilal Oswal's research desk recommends HDFC Bank, Federal Bank, Trent, Kaynes and others; check full list here
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 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 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
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
The IPO, which opens on June 25 and closes on June 27, has kept a price band of ₹700-740 per share
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
Here is the complete list of stocks that will trade ex-dividend next week along with their key details
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