Page 4 - Hdfc

Balanced advantage funds: Equity exposure dips as valuations kicks off

HDFC MF exposure drops below 50%, ICICI MF at 20-month low

For valuations to sustain, corporate earnings need to deliver: Setalvad

Setalvad says positive surprises may emerge on the rural consumption front amid favourable monsoon and a low base

Key financial rules will change from August 1: What you should do

Significant updates, include new Google Maps charges and revised HDFC Bank credit card regulations

HDFC Bank's unit in talks with global banks, seeks $300 mn in offshore loan

HDB Financial Services Ltd. is in talks with a group of global and local banks to finalise the terms

HDFC Ergo General Insurance processes its first claim on NHCX platform

NHCX is a single-window interface developed by the National Health Authority (NHA). It provides a secure platform and efficient exchange of health insurance claims data

HDFC Bank mulling loan portfolio sale amid growth scrutiny: Report

Shares of the bank fell the most in a month on Friday after it reported flat sequential deposit performance in the quarter ended June

HDFC Bank may see inflows of up to $4 bn as MSCI weightage to rise

Move could lead to doubling of weight in MSCI index; over $3 bn of passive buying, says Nuvama report

Former SoftBank managing partner Lydia Jett rejoins Flipkart's board

The Flipkart board also comprises HDFC chief executive Keki Mistry and senior Walmart executives

HDFC Bank to migrate its core banking system to a new platform on July 13

Customers will have limited access to bank's services during the 13.5-hour upgrade

Tata Group retains top spot as India's most valuable brand at $28.6 billion

India's most valuable brands 2024: Tata Group nears $30 billion mark, Taj remains India's strongest brand, while HDFC's merger boosts brand to third position

Truecaller, HDFC ERGO tie up for insurance product to safeguard subscribers

Caller identification app Truecaller on Thursday said it has collaborated with general insurance company HDFC ERGO for an offering that aims to safeguard subscribers against digital communication frauds in India. Truecaller in a release said that amid rising cases of cyber fraud, the insurance offering underscores its commitment to combating fraud and ensuring user protection through advanced app features - before, during and after mobile communication. A recent report by the Indian Cyber Crime Coordination Centre revealed that digital financial frauds accounted for a staggering Rs 1.25 lakh crore over the last three years, the release noted. Announcing the collaboration with HDFC ERGO to offer this insurance for its subscribers, the release said the product will provide coverage up to Rs 10,000 to Android and iOS users across India. "The product is available to yearly premium subscribers of Truecaller and all existing customers can avail this protection for free under their existi

HDFC Bank updates rewards on Tata Neu Infinity card for UPI transactions

If a UPI transaction is made using Tata Neu UPI ID, customers will earn an additional 1 per cent back as NeuCoin

Anuj Tyagi to succeed Ritesh Kumar as MD & CEO of HDFC Ergo from July 1

Tyagi, who currently serves as the deputy MD, joined the company in 2008

HDFC Life crosses Rs 3 trillion in AUM, reinforcing investment discipline

HDFC Life's Assets Under Management Cross Rs. 3 Lakh Crore

S Korea's Shinhan Bank gets CCI nod to acquire 11% stake in HDFC Credila

The Competition Commission of India (CCI) has cleared South Korea-based Shinhan Bank's proposed acquisition of an 11 per cent stake in HDFC Credila Financial Services. Part of the Shinhan Financial Group, Shinhan Bank Co Ltd is a multinational bank, which commenced operations in India in 1996. "The proposed combination relates to the acquisition of up to approximately 11 per cent shareholding by Shinhan Bank in HDFC Credila by way of subscription to shares of HDFC Credila," CCI said in a release on Tuesday. HDFC Credila Financial Services, is a Reserve Bank of India (RBI)-registered non-deposit taking non-banking financial company. It is primarily engaged in the business of providing education loans in India and overseas. In another release, the competition watchdog granted its approval to Matrix Pharma to acquire 100 per cent stake in Tianish Laboratories. The acquisition will be funded in part by an investment proposed to be made by the investors in optionally convertible debent

Japan's MUFG mulls sweeter offer for India's HDB Financial, says report

Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, citing people familiar with the matter

HDFC Bank announces Rs 1,500 crore ex-gratia: But what is it?

Companies often provide ex-gratia payments to maintain a positive public image or to demonstrate goodwill towards stakeholders

HDFC Bank opens branch in Kavaratti island, 1st private lender to do so

Largest private sector lender HDFC Bank on Wednesday inaugurated a branch in Lakshadweep's Kavaratti island. The bank becomes the first private sector lender to have a presence in Lakshadweep, according to a statement. The bank seeks to serve customers wherever they are and looks forward to serving the financial needs of individuals, families, and businesses in Lakshadweep, the bank's retail branch banking group head S Sampathkumar said. The branch was inaugurated by Captain Lovekesh Thakur, Commanding Officer, Indian Navy and K P Muthukoya, a well-known resident, in the presence of bank officials, the statement said.

HDFC Credila raises $100 million via ECB route for loan book expansion

Education loans-focused lender HDFC Credila Financial Services on Tuesday said it has raised USD 100 million in external commercial borrowing (ECB). DBS Bank's IFSC banking unit in Gujarat International Finance Tec-City (GIFT City) said in a statement that it led the syndicated loan. The funds will be used for growing the retail education loan franchise, it said. "We are pleased to have concluded a USD 100 million ECB transaction with DBS Bank as the lead arranger," Credila's Managing Director and Chief Executive Arijit Sanyal said. DBS Bank India Managing Director Rajat Verma said the education loan company is poised to play an important role in nurturing the country's talent by enabling access to learning for India's students. The ECB comes on the back of HDFC Bank completing the sale of its stake in HDFC Credila to private equity firms BPEA EQT and ChrysCapital in an over USD 1.15 billion deal in March this year. DBS Bank had announced the launch of its IFSC Banking Unit (IBU

Education loan financier HDFC Credila to raise Rs 2,700 cr in fresh equity

Arijit Sanyal, managing director and chief executive officer of HDFC Credila, said the board has cleared a proposal for raising fresh equity