RBI on Tuesday said SBI, HDFC Bank and ICICI Bank will remain domestic systemically important banks, requiring them to hold extra capital buffers based on their systemic importance
Net profit rises to Rs 447 crore; APE up 8.6% and VNB grows 7.6% even as GST exemption impacts margins and investment income
RBL Bank also reported healthy growth, with loans up 14 per cent Y-o-Y to ₹1.02 trillion and deposits up 8 per cent Y-o-Y to ₹1.16 trillion
Chairman Atanu Chakraborty says the new Group Oversight Department will ensure periodic updates to the board on key risks, compliance, audit, and conduct across the group
HDFC Bank on Wednesday said its board in its meeting on July 19 will decide on issuing bonus shares and special interim dividend. Shares of HDFC Bank gained 1.33 per cent to touch a high of Rs 2,021.90 in the early morning trade after the company's announcement on BSE. Earlier on June 23, the bank had announced that its board will meet on July 19, Saturday, to consider and approve the financial results for the April-June quarter of the current fiscal. In a regulatory filing on Wednesday, HDFC Bank said its board would also consider the proposals of declaration of a special interim dividend on the equity shares of the bank, for the financial year 2025-26; and issue of bonus shares, subject to approval of shareholders of the bank. HDFC Bank Managing Director & CEO Sashidhar Jagdishan, in a message to shareholders in the annual report for FY25 had earlier this week said that the bank is confident of growing its advances on par with the industry in the current financial year and will .
Loan growth of country's largest private sector lender lagged that of industry
Technical Outlook on HDFC group shares: Charts suggest HDFC Bank, HDFC Life and HDFC AMC stocks can potentially rally another 14% from here.
IPO valuations likely to be $7.2 bn, down from $10 bn eyed earlier
HDFC Life Declares Rs. 4102 Cr. Bonus for Policyholders
HDFC credit card users face new charges on rent, wallets, gaming, and utilities from July 1, with tighter reward caps and GST on fees.
Nippon, HDFC, Motilal Oswal, ICICI Prudential, and SBI led folio growth with 31.6 million new accounts in FY25, backed by equity fund performance and new offerings
HDFC Capital is the investment manager to four Securities and Exchange Board of India-registered Category II alternative investment funds
Relli highlighted potential policy disruptions in the United States next year that could fuel inflation, with monetary policy responses being insufficient to address these challenges
The company stated that its new offering will provide financial solutions to corporate treasury, ultra high net-worth investors (HNIs), and family offices in the over Rs 50 crore investment segment
Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.
HDFC Life Insurance on Wednesday said the insurer plans to raise Rs 1,000 crore through non convertible debentures to fund business growth. The decision to this effect was taken by the Capital Raising Committee (CRC) of the HDFC Life Insurance Board, the insurer said in a regulatory filing. The fund would be raised through unsecured, rated, listed, subordinated, redeemable, fully paid up, non cumulative, non convertible debentures (NCDs) for an aggregate nominal value of Rs 1,000 crore on a private placement basis, it said. The debenture of tenure 10 years would carry a coupon rate of 8.05 per cent per annum, it said. "The debentures proposed to be issued shall neither be secured nor covered by a guarantee of the company or other arrangements that legally or economically enhance the seniority of the claims as against the claims of the company's policyholders and all other creditors," it said. The debentures shall be listed on the WDM (Wholesale Debt Market) segment of the National
HDFC Bank has previously indicated that it will grow its advances at a slower pace than its deposits, as it seeks to bring down its elevated loan-deposit ratio to pre-merger levels
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week, with ICICI Bank and HDFC Bank emerging as the biggest winners, in-line with optimistic trends in equities. Last week, the BSE benchmark jumped 1,653.37 points or 1.99 per cent. The BSE benchmark soared 1,359.51 points or 1.63 per cent to settle at an all-time high of 84,544.31 on Friday. During the day, it jumped 1,509.66 points or 1.81 per cent to hit the lifetime intra-day peak of 84,694.46. The valuation of ICICI Bank surged Rs 63,359.79 crore to Rs 9,44,226.88 crore, the most among the top-10 firms. HDFC Bank added Rs 58,569.52 crore taking its market valuation to Rs 13,28,605.29 crore. Bharti Airtel's valuation soared Rs 44,319.91 crore to Rs 9,74,810.11 crore. The market capitalisation (mcap) of Reliance Industries climbed Rs 19,384.07 crore to Rs 20,11,544.68 crore. Hindustan Unilever's valuation gained Rs 10,725.88 crore to Rs 7,00,084.21 crore and that of ITC went u
We don't believe in fire sale, says Vibha Padalkar
The bank has indicated that it will grow its advances slower than its deposits to bring down its elevated credit-deposit ratio