Sun, Jan 28, 2024
The market valuation of HDFC Bank fell by Rs 32,661.45 crore to Rs 10,90,001.31 crore.
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Fri, Dec 08, 2023
Investing in the share market has never been more accessible and dynamic than with HDFC SKY.
Thu, Nov 30, 2023
The penalty on Bank of America, N.A. Has been imposed for violation of Reserve Bank of India's instructions on reporting requirements under Liberalised Remittance Scheme of FEMA 1999, it said in a statement.
Sun, May 01, 2022
There is no change in the lending for new borrowers. The rates for new borrowers range between 6.70 per cent and 7.15 per cent, depending on credit and loan amount, the release said.
Fri, Apr 29, 2022
Sanjiv Bhasin said that May will be a great month for the stock markets and suggested investors to invest inequities in May to "make money".
Fri, Apr 22, 2022
The fall in stock prices of HDFC Ltd and HDFC Bank after the announcement of their merger was due to the lack of communication on the merits of the amalgamation on account of silent period ahead of quarterly results declarations, according to a senior executive.
Wed, Apr 20, 2022
The Indian domestic equity market extended losses for the fifth straight session as it witnessed huge selling pressure in closing hours amid volatility on Tuesday
Mon, Apr 18, 2022
Investors' wealth tumbled over Rs 3.39 lakh crore in morning trade on Monday as equity markets went into a tailspin, with the Sensex plunging 1,291.93 points.
Sat, Apr 09, 2022
Housing finance major HDFC Ltd on Friday divested a little over 3 per cent stake in Bandhan Bank, garnering Rs 1,522 crore, through an open market transaction.
Wed, Apr 06, 2022
Certain stocks were in action in either direction based on reports linked to them. Here is a list of some of such stocks.
Tue, Apr 05, 2022
HDFC Bank Ltd's Managing Director Sashidhar Jagdishan has said that the bank was ready to form a holding company for the merger or after the merger or with Housing Development Finance Corporation Limited HDFC, if there is a need.
Customers be it bank account holders, mortgage customers or insurance customers will benefit the most from the synergy resulting from HDFC Limited and HDFC Bank Limited merger, Vibha Padalkar, Managing Director & Chief Executive Officer at HDFC Life tells Zee Business in an interview with Anurag Shah.
In a mega merger, HDFC Limited will be amalgamated with HDFC Bank.
Mon, Apr 04, 2022
The customers will get the benefit of the merger. This mega merger (HDFC-HDFC Bank Merger) will improve the balance sheet of the bank. Corporate structure will also be better. Customers will get benefit. Bank branches will also sell HDFC products. Merger will give benefits of cross selling. Giving information about the mega merger, Deepak Parekh said that this merger is beneficial for both the companies. A strong company will be formed after the merger. New company innovative products will be available at competitive rates. The operational and proficiency of the bank will be used in a better way. Let us tell you, there will be no promoter in HDFC Bank after the merger. Will be 100 percent public holding company. The cost of funds will come down after the merger. That is, cheaper funds will be available to the bank. Customers can also get the benefit of this in the form of affordable products. The merger will bring down unsecured loans.
He said being an housing finance company, HDFC does not have priority sector loans mandate, and is not required to comply with statutory liquidity ratio or cash reserve ratio mandates for its liabilities.
India’s largest private sector bank – HDFC Bank has announced a transformational merger with its non-banking finance company promoter HDFC Limited on Monday.
The stocks markets were on fire on Monday driven by the news of a mega-merger between the largest Indian housing finance company HDFC Limited and the largest private lender HDFC Bank.
Shares of HDFC Bank were trading with over 13% gains after the company entered into an agreement to be merged with HDFC Ltd.
HDFC and HDFC Bank rallied up to 10 per cent after their respective boards approved the merger of HDFC into HDFC Bank. HDFC will now acquire 41% stake in HDFC Bank through the transformational merger.
HDFC Limited will merge into HDFC Bank, India's largest private sector bank by assets, as part of transformational merger, read a regulatory filing by the two companies.
Sat, Apr 02, 2022
The amount of individual loans disbursed was at Rs 7,503 crore in the corresponding quarter of the previous year, HDFC said in a regulatory filing.
Thu, Mar 17, 2022
HDFC on Thursday said it will acquire 7.2 per cent stake in proptech start-up Loyalie IT Solutions Pvt Ltd for Rs 1.1 crore.
Tue, Mar 08, 2022
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