Page 25 - Hdfc

Investments in YES Bank aimed at providing stability, says SBI chief

SBI Card, the second largest largest credit card issuer in the country, got listed at 13 per cent discount at Rs 658 on the BSE, against the issue price of Rs 755.

HDFC to hold 7.97% stake in YES Bank for Rs 1,000 crore capital infusion

On Friday, HDFC said it is investing in 100 crore equity shares of Rs 2 each in Yes Bank for a consideration of Rs 10 per share (including Rs 8 premium) for an aggregate consideration of Rs 1,000 cr

YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon

The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.

YES Bank's Reconstruction Scheme: The story so far

Hours after the Cabinet approved restructuring scheme for YES Bank, private lenders ICICI Bank, HDFC, Kotak Mahindra Bank and Axis Bank came to the cash-strapped bank's rescue

Maruti Suzuki ties up with HDB Financial Services for providing car loan

HDBFS has a network of over 1,425 branches in 1,038 towns and cities

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9

HDFC cuts lending rate by 5 bps for salaried people, effective from March 9

Reliance Capital defaults on interest payments to HDFC, Axis Bank

Firm claims Delhi High Court, DRT rulings restrain payments; Reliance Home Fin also defaults on interest payment on term loan and cash credit

Benchmark indices snap four-session losing streak on China fillip

Gains in index heavyweights such as Reliance Industries and HDFC helped domestic indices post their biggest jump in two weeks

Financial groups: Focus shifts to their ability to boost parent's valuation

While lack of clarity on outlook of insurance business has weighed on valuations of parent firms, retail loan growth and fee income need to be closely watched

HDFC gains 3% as Q3 PBT jumps 219% YoY on fair-value gain from Gruh Finance

For the quarter under review, the company received a fair value gain of Rs 9,020 crore from de-recognition of investment in Gruh Finance, which got merged with private sector lender Bandhan Bank.

HDFC beats expectations in Q3; conservative provisioning offers comfort

Net interest income (difference between interest earned and expense) growth of 9 per cent YoY to Rs 3,239.9 crore was better than analyst expectations of around 8 per cent

HDFC pre-tax profit rises 219% at Rs 9,143 cr in December quarter

The mortgage lender received fair value gain of Rs 9,020 crore from derecognition of investment in Gruh Finance

Market Wrap, Jan 27: Sensex tanks 458 pts; HDFC Q3 profit rises 296% YoY

Metal stocks were under heavy selling pressure today as investors grew increasingly anxious about the economic impact of spreading of China's Coronavirus outbreak

HDFC Q3 PAT at Rs 8,372.5 cr, Board nod to raise up to Rs 45K cr via NCDs

Fair value gain consequent to merger of Gruh, an associate, with Bandhan Bank at Rs 9,019.8 crore

HDFC dips 1% ahead of Q3 nos; analysts eye 20% YoY loan growth, weak NIM

Analysts expect the non-banking finance company (NBFC) to report healthy loan growth amid weak net interest income and weak margins.

HDFC Bank to tap Egon Zehnder to identify Aditya Puri's successor: Report

Puri, whose term comes to an end in October this year, is also an advisor to the search committee tasked with identifying a suitable candidate

HDFC completes acquisition majority stake in Apollo Munich for Rs 1,495 cr

Mortgage lender HDFC on Thursday said it has completed the acquisition of majority stake in Apollo Munich Health Insurance for Rs 1,495.81 crore. HDFC bought 50.80 per cent stake of Apollo Hospitals Group in Apollo Munich for Rs 1,485.14 crore and 0.36 per cent shareholding of employees for Rs 10.67 crore. On January 2, HDFC had informed that the company and its subsidiary HDFC ERGO has got approvals for acquiring a majority shareholding in Apollo Munich. "Subsequent to this approval (regulatory), Apollo Munich Health Insurance Co Ltd has been renamed as HDFC ERGO Health Insurance Ltd (HDFC ERGO Health) and will operate as a subsidiary of HDFC Ltd," HDFC said in a regulatory filing on Thursday. The acquisition comes after approvals from the Competition Commission of India, the RBI and the Insurance Regulatory and Development Authority of India. Anuj Tyagi, Executive Director & Chief Business Officer at HDFC ERGO General Insurance Company (HDFC ERGO General) has been appointed as .

Political, regulatory pressure impacting risk taking by firms: HDFC CEO

The comments come at a time when official estimates for FY20 project GDP growth hurtling to an 11-year low of 5 per cent

HDFC cuts interest rate by 5 basis points with effect from January 2020

For customers with loans above Rs 75 lakh, the effective rate will be 8.45 per cent. For women borrowers in each loan category, the effective rate is 5 bps lower

HDFC to raise Rs 5,000 cr via bonds to shore up long-term capital needs

The issue size of the bond issue is Rs 3,000 crore with an option to retain oversubscription up to Rs 2,000 crore