The move comes amid a system-wide hike in lending rates due to tight liquidity
Avenue Supermarts, which owns and operates D-Mart supermarket chain, Nestle India, Bata India and Colgate-Palmolive (India) hit new highs on Wednesday.
RHC Holding had contended in this matter that it is a non-banking finance company and thus it could not be brought under IBC code
Currently, there is no mobile application available to HDFC bank customers and the bank has not uploaded the older version of the app till the new version is fixed
It will offer a coupon of 8.75 per cent per annum payable semi-annually for tenor of 5 years and one day
The company on an average has been approving 8,300 loans on a monthly basis to the EWS and LIG segment, with monthly such average approvals at approximately Rs 13.54 billion
While expected credit loss was due to IL&FS, the company created additional buffer out of exceptional income
If we want more nuanced shareholder voting, we need to ensure that pools of capital and their managers reside in India. This alone will ensure a win for Indian industry
Sukthankar was considered the most likely successor to HDFC Bank Managing Director Aditya Puri, who retires in October 2020
Widely-held shareholding is not the ideal solution
For women borrowers, loans up to Rs 3 mn will be available at 8.70% and above Rs 3 million at 8.8%
In past four trading sessions, the stock of the country's largest mortgage lender has fallen 5% as compared to 0.36% decline in the S&P BSE Sensex.
HDFC reported good operational performance for Q1, with assets under management growing 18 per cent year-on-year
Its loan book grew by 18.5 per cent at Rs 3.71 trillion at end of June 2018 as against Rs 3.13 trillion a year ago
Ensuring 'frictionless transition' top priority; boards will need 18-24 months to evaluate options, says HDFC group chairman
Parekh said it is important to reiterate to all the shareholders that succession planning both, within HDFC and its group companies is a key agenda on each of the respective boards
The remuneration drawn by Puri and bank employees, in terms of ratio, stood at 209:1 meaning he took home 209 times more than the median employees' remuneration for the year
In the consumer financial services category, HDFC's rank has moved up from 7th place last year
The investment by HDFC Capital Affordable Real Estate Fund in HomeKraft is one of the rare entity level equity investments in the real estate sector
Business Standard looks at the fund and its features