Page 3 - Hdfc Group

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

HDFC Life Q3 results: Profit rises 16% on higher investment income

The insurer's profit after tax rose to 365 crore rupees ($44.02 million) for the three months ended Dec. 31 from 315 crore rupees a year earlier

Financial planning for 2024, farmhouse luxury: Top personal finance stories

This week we advise on what to do about your money goals and how to plan a getaway investment in the greens

HDFC Bank's advances rise 62.4% to Rs 24.7 trn in December quarter

Retail deposits of the private sector major rose by Rs 53,000 crore during the quarter

M&A activities plunge 51% to $83 bn in 2023 amid funding winter: Report

In line with the global funding winter, deal-making involving domestic firms hit a three-year low after falling 51 per cent to USD 83.8 billion in 2023, saved by the mega-merger of HDFC twins -- the biggest deal in India Inc's history till date, according to an industry report. Excluding the USD 60.4-billion HDFC Bank-HDFC merger, year-on-year deal value comparison would have been down by another 23 per cent, as per LSEG Deals Intelligence, formerly Refinitiv, one of the world's largest providers of financial markets data. The bleak global deal environment translated into fewer mega deals in 2023. As a result, there was only one deal above USD 3 billion in the year -- the HDFC Bank-HDFC USD 60.4 billion deal -- compared to five deals in 2022, Elaine Tan, senior manager at LSEG Deals Intelligence said in a note on Thursday. However, in terms of the volume of deals, it was a minimal 1.7 per cent decline on-year, indicating that a healthier level of mid-market transactions dominated t

Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics

Founded in 2014, Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata

HDFC Bank gets board nod for extension to Atanu Chakraborty as chairman

Country's biggest private sector lender HDFC Bank on Wednesday said its board has approved three years extension to Atanu Chakraborty as non-executive chairman. The board has recommended the re-appointment of Chakraborty as the part-time non-executive chairman and independent director of the bank to the Reserve Bank of India (RBI), for a second term of three years with effect from May 5, 2024 to May 4, 2027, HDFC Bank said in a regulatory filing. The re-appointment will be subject to the approval of the RBI and the shareholders of the bank, it said. He was appointed chairman of the bank in May 2024. Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020. Prior to that, he was Secretary of Department of Investment and Public Asset Management (DIPAM). Both departments come under the finance ministry.

2023 sees record Rs 8.8 trn corp bond, NCD issuances amid favourable market

Market participants said the corporate bond market showcased resilience and promise in 2023

HDFC bank raises Rs 7,425 crore through infrastructure bond issue

Private sector HDFC Bank on Wednesday said it has raised Rs 7,425 crore via non-convertible bonds for funding infrastructure and affordable housing projects. The bank issued and allotted on Wednesday on a private placement basis 7.71 per cent unsecured, redeemable, long-term, fully paid up, non-convertible bonds in the nature of debentures, HDFC Bank said in a regulatory filing. As many as 7,42,500 bonds of face value Rs 1,00,000 each were issued to raise Rs 7,425 crore for funding infrastructure and affordable housing projects, it said. The bank issued 7,42,500 bonds of face value Rs 1 lakh each, it said.

M&A deals plummet to $70.9 bn in 2023, down 63% from previous year's high

Statistics collated from Bloomberg show that M&A deal values have crossed the $100 billion mark since 2018

Srinivasa Rangan to look after corporate affairs in HDFC Bank, subsidiaries

Role involves oversight of all group companies and other responsibilities

HDFC Securities launches mobile trading app HDFC SKY on AWS cloud

Amazon Web Services (AWS) on Monday said HDFC Securities, which is among the leading investment service providers in India, has launched its mobile trading app, HDFC SKY on the AWS cloud. With AWS, HDFC Securities is expected to reduce its annual IT infrastructure and management costs by up to 50 per cent as compared to using on-premises infrastructure. AWS, Amazon's cloud computing unit, has recently outlined plans to invest USD 12.7 billion in cloud infrastructure in the country by 2030 as it looks to meet growing customer demand for cloud services. "AWS, an Amazon.com company, announced today that HDFC Securities Ltd., one of the leading investment service providers in India, launched its new mobile trading app, HDFC SKY, on the world's most comprehensive and broadly adopted cloud," according to the release on Monday. With AWS India as its preferred cloud provider, HDFC Securities is providing a secure and low-latency trading service for the growing number of tech-savvy retail .

Markets log gains for second day on buying in Reliance, HDFC Bank

The Nifty advanced 93.65 points or 0.49 per cent to 19,140.90

HDFC AMC Q2 results: Net profit rises 20% to Rs 436.5 cr, revenue grows

HDFC Asset Management Company (AMC) on Thursday reported a 20 per cent jump in profit after tax to Rs 437.6 crore for the quarter ended September. In comparison, the fund house posted a Profit After Tax (PAT) of Rs 364.1 crore in the same quarter last year, HDFC AMC said in a regulatory filing. Revenue from operations rose 18 per cent to Rs 643.1 crore in the quarter under review from Rs 544.7 crore in the three months ended September 30, 2022. The company's average assets under management grew to Rs 5.24 lakh crore in the latest September quarter from Rs 4.3 lakh crore in the year-ago period, with a market share of 11.2 per cent. The company has 79 lakh individual mutual fund customers, with 136 lakh live accounts. Shares of HDFC AMC marginally declined to close at Rs 2,743 apiece on the BSE.

Securitisation activity unaffected by HDFC merger, surges 35% in H1: CRISIL

Securitisation volumes have grown 35 per cent to over Rs 1 lakh crore in the first half of the current fiscal, domestic ratings agency Crisil said on Thursday. The overall volume of securitisation -- wherein one lender bunches up a loan or a set of loans and passes on the future receivables to another financier against an upfront payment -- had stood at Rs 75,000 crore in the April to September period, it said. It attributed the jump in activity to banks' continued interest in retail assets, and strong credit growth among originating Non-Banking Financial Companies (NBFCs). The volume remained unfazed by the exit of a large housing finance company (HFC) from the securitisation space in the second quarter of this fiscal, following its merger with an affiliate bank. "The exit of one of the largest originators last quarter has been more than made up by other financiers. The overall first-half volume is now trending in line with pre-pandemic levels when the FY20 volume had touched Rs 1

HDFC Bank disburses Rs 48k crore home loans in Q2, Casa ratio falls

The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago

HDFC Bank revamps top management, seeks to propel mortgage business

HDFC agreed last April to acquire the country's largest mortgage lender in a deal valued at about $60 billion to ride a boom in home loans and consumer spending

India's M&A deal value falls to lowest in the last five years, shows data

Deal value falls 69% in first nine months of 2023

RBI allows HDFC AMC's stake acquisition in DCB Bank, Karur Vysya, 2 others

Federal Bank, Karur Vysya have to ensure that acquisition does not exceed 9.5% of their paid-up share capital

HDFC Bank-Diners Club eyes B2B space to grow credit card business

In the B2B segment, HDFC Bank has a Flipkart-Diners wholesale card, which is typically offered to small retailers who normally make purchases from different distributors