Fifty-five years ago, Hasmukh Thakordas Parekh set up HDFC Ltd, which went on to become a marquee name in India Inc
The HDFC Bank and HDFC Ltd. merger is expected to be completed by Q2/Q3 of FY24
The share exchange ratio for the amalgamation of HDFC with and into HDFC Bank shall be 42 equity shares of face value of Re 1 each of HDFC Bank for every 25 equity shares of face value of Rs 2 of HDFC
Apart from the 8 stocks among the Nifty50 index, a total of 26 stocks too dropped to their respective 52-week lows among the Nifty500 index.
In its order on Friday, SAT said the bank was justified in invoking the pledge made by the broker BRH
HDFC, HDFC Bank, HDFC AMC and HDFC Life were underperforming the market by falling in the range of 3 per cent to 4 per as against a 1.7 per ent decline in the S&P BSE Sensex.
CLSA believes domestic AMCs will have huge growth potential, given the huge underpenetration of MFs in the country
BSE Sensex rallied 3.21 per cent last week; HDFC Bank's capitalisation rose by Rs 37,563.09 crore.
HDFC AMC is currently hovering just near its 21 and 50 DEMA and far above the long-term exponential moving average (200 DEMA), suggesting inherent strength in the counter
Refuses to hazard a guess on when RBI will lift curbs; picks up stake in Pune-based enterprise software solutions firm
Parekh said his personal view was that Regulation and supervision are critical functions in any financial system and it is important that trust between a regulator and regulatee is never compromised.
Irked by repeated outages that the bank faced, RBI had barred it from issuing new credit cards last December and stopped it from going ahead with new digital launches
Board okays re-appointment of Keki Mistry as vice-chairman, CEO for 3 more years
HDFC and HDFC Bank are expected to perform better in coming months as per the charts.
Parekh has settled with markets regulator Sebi a matter of non-compliance with an erstwhile listing agreement
Mistry said he was confident that bounce back in demand for home loans would continue
HDFC twins are nearing all-time highs while Bajaj group stocks have seen a tremendous surge in the ongoing November series.
Shares of HDFC group have been on a roll since the past few sessions. On Tuesday, too, the HDFC twins were leading the charge among the S&P BSE Sensex scrips, with HDFC rising over 6 per cent
Mortgage lender Housing Development Finance Corporation Ltd (HDFC) on Wednesday said it will raise up to Rs 5,000 crore by issuing bonds on a private placement basis.
Advising people not to get too perturbed with the forecasts of negative growth, he said the economy will recover for sure assuming that there are no further lengthy and complete lockdowns in future