Page 3 - Hdfc

SC dismisses HDFC Bank CEO's plea challenging FIR by Lilavati Trust

The Supreme Court on Friday refused to entertain a plea by HDFC Bank CEO and MD Sashidhar Jagdishan challenging an FIR of cheating and fraud registered against him on a complaint by the Lilavati Kirtilal Mehta Medical Trust, which runs the prominent Lilavati Hospital in Mumbai. A bench of Justices P S Narasimha and R Mahadevan noted that the matter was already listed for hearing on July 14 before the Bombay High Court. "We are not inclined to entertain the matter. We will not apply our mind to the merits. If matter is not heard on 14th, you come back. "We hope and trust that high court will take the matter up on the designated date," the bench said. Senior advocate Mukul Rohatgi, appearing for Jagdishan, submitted that the bank has been roped in a private dispute. "The idea is to summon the MD to police station. No proceedings should be taken against the MD," he said. Rohatgi said they had moved the Bombay High Court but three benches of the high court have so far recused themsel

Indian shares dip as financials drag; HDB Financial surges 13.6% on debut

HDB Financial Services debuted at a premium of about 13 per cent to its issue price and closed its maiden session 13.6 per cent higher

Will continue supporting HDB Financial post-IPO as well: HDFC Bank CEO

HDFC Bank's Managing Director and CEO Sashidhar Jagdishan on Wednesday said the lender will continue supporting its subsidiary HDB Financial Services post-listing as well. Terming the Rs 12,500-crore initial public offering a "complex" transaction, Jagdishan said this is a "historic" day for the HDFC Bank-promoted non banking finance company (NBFC). HDB shares got listed on bourses on Wednesday. Speaking before the listing, Jagdishan said the IPO will provide "independent capital and visibility" for the company to accelerate its growth trajectory. "We will continue to support HDB as it navigates the opportunities and challenges of the public market," Jagdishan said. He added that HDB is well positioned to capitalise on the opportunity by the underserved credit segments in the country which provide a "large runway", and added that the company has "strong fundamentals" for doing so. HDFC Bank, the largest by assets in the private space, has nurtured the NBFC over the years, the CEO

HDFC MF buys ₹137 crore stake in Sundram Fasteners via open market deal

HDFC Mutual Fund on Friday bought shares of auto components supplier Sundram Fasteners for Rs 137 crore through an open market transaction. According to the bulk deal data on the BSE, HDFC Mutual Fund purchased 13.70 lakh shares or 0.65 per cent stake in Sundram Fasteners, at an average price of Rs 1,000 apiece. This took the deal value to Rs 137.02 crore. After the stake buy, HDFC Mutual Fund's holding in Chennai-based Sundaram Fasteners rose to 5.02 per cent from 4.37 per cent. Details of the sellers of Sundaram Fasteners shares could not be ascertained on the exchange. Shares of Sundaram Fasteners went marginally lower to close at Rs 999.25 per piece on the BSE. In a separate bulk deal on the NSE, Singapore-based Cube Mobility Investments offloaded 79.25 lakh units or 0.59 per cent unitholding in Cube Highways Trust for Rs 101 crore through an open market transaction. As per the data, these units were disposed of at an average price of Rs 127.50 per unit, taking the deal valu

Adani fastest-growing Indian brand in 2025; value up by 82%: Report

Adani Group has been named the fastest-growing Indian brand, thanks to its aggressive and integrated approach to infrastructure, as per the Most Valuable Indian Brands 2025 report by Brand Finance

HDFC credit card users alert: New fees, reward caps introduced from July 1

From wallet loads to gaming spends, HDFC credit cardholders will face new charges and reward point limits starting July 1. Here's what changes and how it may impact your monthly usage.

Chanda Kochhar once proposed HDFC-ICICI merger, reveals Deepak Parekh

Before the HDFC-HDFC Bank merger, Chanda Kochhar had pitched an ICICI-HDFC merger, says Deepak Parekh in a rare public disclosure

Lilavati trust alleges HDFC Bank CEO of fraud: What’s happening?

India’s largest private lender, HDFC Bank, and one of Mumbai’s prestigious private hospitals, Lilavati, have locked horns in a high-profile legal and financial battle.

HDFC mid-cap opportunities fund: Forging midcap steel into portfolio armour

Fund anneals quality names into resilient wealth defenders

Mcap of 10 top valued firms jumps ₹3.84 trn; HDFC, Airtel biggest gainers

The combined market valuation of the top-ten most valued firms jumped by a whopping Rs 3,84,004.73 crore in the holiday-shortened last week, in-tandem with a smart rally in equities, with HDFC Bank and Bharti Airtel emerging as the biggest gainers. Last week, the BSE benchmark Sensex jumped 3,395.94 points or 4.51 per cent, and the NSE Nifty surged 1,023.1 points or 4.48 per cent. Markets witnessed a robust recovery and surged over 4.5 per cent in the holiday-shortened week, driven by favorable cues from both domestic and global fronts, Ajit Mishra SVP, Research, Religare Broking Ltd, said. "The rally was primarily fueled by optimism surrounding the deferral of tariffs and recent exemptions on select products, raising hopes for potential negotiations that could mitigate the impact on global trade. "As the week progressed, market participants responded positively to a slew of favorable developments, including updates on a normal monsoon, easing retail inflation -- which raised hope

Diversified portfolio, market share to drive asset growth for HDFC AMC

Industry SIP flows of Rs 78,330 crore in Q4FY25 contributed to active equity and hybrid inflows of Rs 1.042 trillion

Mcap of 8 top valued firms climbs ₹88,085.8 cr; HDFC Bank biggest gainer

The combined market valuation of eight of the top-10 most-valued firms climbed Rs 88,085.89 crore last week, with HDFC Bank leading the pack of gainers, in line with an optimistic trend in equities. Last week, the BSE benchmark gauge climbed 509.41 points, or 0.66 per cent. From the top-10 pack, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC were the gainers, while Reliance Industries and Infosys faced erosion from their market valuation. HDFC Bank added Rs 44,933.62 crore, taking its valuation to Rs 13,99,208.73 crore. The market capitalisation (mcap) of State Bank of India jumped Rs 16,599.79 crore to Rs 6,88,623.68 crore. The valuation of TCS rallied Rs 9,063.31 crore to Rs 13,04,121.56 crore while that of ICICI Bank was up Rs 5,140.15 crore to Rs 9,52,768.61 crore. The mcap of ITC soared Rs 5,032.59 crore to Rs 5,12,828.63 crore and that of Hindustan Unilever climbed Rs 2,796.01 crore to R

HDFC Bank plans to sell Rs 1,028 cr bad loans via Swiss challenge auction

Of the Rs 478 crore, Rs 329 crore comes from 1,973 mortgage and home loan accounts, Rs 77 crore from 3,232 commercial vehicle loan accounts, and Rs 72 crore from 2,074 agriculture loan accounts

Fund Pick: HDFC Focused 30 Fund stands tall, aiming for greater gains

The fund outperformed the benchmark (Nifty 500 TRI) in the past 6 months, as well as one-, two-, three-, five-, seven- and 10-year trailing periods

Fund review: HDFC Small Cap Fund

Fund review: HDFC Small Cap Fund

Restrictions on bancassurance may not be a great step: HDFC Life's Padalkar

Bancassurance is a partnership between banks and insurance companies to sell insurance products through bank branches

HDFC AMC Q3 results: Profit jumps 31%, revenue surges 39% to Rs 934 cr

The HDFC AMC share gained 1.68 per cent on the NSE on Tuesday, closing at Rs 3,899

HDFC AMC Q3 results: Net profit rises 31% to Rs 641 cr, revenue up 39%

HDFC AMC Q3 FY25 results: The company had declared and paid an interim dividend of Rs 70 per equity share at the end of FY24

HDFC Bank refunds Rs 2.9 Cr to woman in fraud case. Things to keep in mind

HDFC Bank reimbursed Rs 2.9 crore to Meenakshi Kapuria after Rs 3 crore fraud by her relationship manager. The Bombay HC urges RBI to strengthen banking fraud policies

HDFC Bank raises lending rate by 5 basis points on select maturity

Private sector HDFC Bank on Thursday raised the marginal cost of funds-based lending rate (MCLR) by 5 basis points (0.05 percentage points) on select maturity. The benchmark one-year tenor MCLR, which is used to price most consumer loans like auto and personal, has been retained at 9.45 per cent, according to the HDFC Bank website. However, the overnight MCLR has risen to 9.15 per cent from 9.10 per cent, while the one-month rate has been increased by 5 basis points to 9.20 per cent. Rates on other maturity buckets have been left unchanged, it said. The new rates are effective from November 7, 2024. The rate hike follows the decision of RBI to keep its benchmark lending rate unchanged at 6.5 per cent for the tenth consecutive time.