Mon, Jan 29, 2024
At around 9:23 a.m., shares of HDFC Bank traded 1.40 per cent or Rs 20.10 higher at Rs 1455.4 apiece. Meanwhile, at around the same time, LIC shares flat at Rs 903.3 apiece.
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Tue, Jan 23, 2024
At the close, Sensex ended with a cut of 1053 points or 1.47 per cent at 70,370.55, while Nifty ended weak by 333 points or 1.54 per cent at 21,238.8.
HDFC Bank shares touched a fresh 52-week low in early trade on Jan 23 extending their post-Q3 earnings slump. The stock fell 1.26% to Rs 1,459.95, further entering oversold territory with an RSI of 24.5. This follows a 10% drop last week after the bank reported its December 2023 results. Market cap dropped to Rs 11.12 lakh crore despite a broader market rally. Analysts' views are mixed, with CLSA maintaining a buy rating while acknowledging investor concerns.
Mon, Jul 17, 2023
HDFC Bank Q1 Results: HDFC Bank reported a 30 per cent year-on-year jump in standalone net profit to Rs 11,951.8 crore for the quarter ended June 30, 2023, beating analysts' estimates. This is HDFC Bank's first earnings report since the completion of its mega-merger with HDFC.
Sun, Jul 16, 2023
Analysts say the movement of rupee and global oil benchmark Brent crude will also be tracked by investors while institutional activity will also have a significant impact on market trends.
Fri, Jul 14, 2023
HDFC Bank on Friday said it has allocated over 311 crore new shares of the bank to shareholders of merged entity HDFC Ltd. The share allocation was done as per the swap ratio announced as part of the composite scheme of amalgamation. As per the scheme, every HDFC shareholder has got 42 shares of HDFC Bank for every 25 shares they hold.
Thu, Jul 13, 2023
India's largest private lender HDFC Bank on Thursday said it has signed up over 100,000 customers and 170,000 merchants in pilot programmes using the central bank digital currency (CBDC).
Analysts expect HDFC Bank to report a strong set of quarterly numbers driven by robust loan growth. This will be HDFC Bank's first earnings report since the completion of its mega merger with Housing Development Finance Corporation (HDFC).
LTIMindtree shares entered the Nifty 50 universe on July 13, taking the place vacated by Housing Development Finance Corporation (HDFC) owing to the mortgage lender's mega merger with HDFC Bank. Similarly, JSW Steel entered the 30-scrip Sensex basket, replacing HDFC.
Tue, Jul 11, 2023
The reverse merger of HDFC twins has propelled HDFC Bank to a higher weightage in Nifty, surpassing billionaire Mukesh Ambani's Reliance Industries. As a result, HDFC Bank will have more power to shape Nifty's direction. The bank's market cap will also increase after the merger, as HDFC shareholders receive fully paid-up shares of HDFC Bank.
Sun, Jul 09, 2023
In its draft red herring prospectus (DRHP) dated July 7, the depository said the IPO will see sales of 57.3 million shares by its six shareholders.
Thu, Jul 06, 2023
HDFC Bank is the fourth largest bank in the world How much will the merger benefit the shareholders? Why HDFC-HDFC Bank merger happened? Watch Anil Singhvi's EXCLUSIVE interview with Keki Mistry, Non-Executive Director, HDFC Bank
SBI Card, HDFC Bank, ICICI Bank, Bajaj Finance and other stocks from the banking and financial services basket staged mixed moves on Thursday, a day after the RBI asked banks and non-banking financial companies to issue credit, debit and prepaid cards on multiple networks to give customers the freedom to choose.
Wed, Jul 05, 2023
Private sector lender HDFC Bank on Wednesday said it has registered a 15.8 per cent rise in loans to Rs 16,15,500 crore in the first quarter of current fiscal year. The credit book was Rs 13,95,000 crore as of June 30 last year.
IDFC First Bank recovered much of its previous day's loss on Wednesday and IDFC continued to rise after the companies announced a merger between them.
Tue, Jul 04, 2023
The $64 billion merger between HDFC and HDFC Bank has garnered attention not for the high compensation offered to financial advisors, but for the remarkably low fee they received. About 18 advisors shared a compensation pool of just over $1 million, equivalent to a fee of 0.0002 per cent of the total merger deal.
As part of the proposed IDFC-IDFC First Bank merger, investors will get 155 IDFC First Bank shares for every 100 shares held in IDFC, according to a regulatory filing. Analysts say the share-swap ratio, proposed under the merger, is likely to be beneficial for IDFC Ltd shareholders.
Mon, Jul 03, 2023
Deepak Parekh, the chairman of Housing Development Finance Corporation (HDFC), has announced his retirement after over 45 years with the company. Under Parekh's leadership, HDFC transformed into India's largest financial services conglomerate, excelling in home loans and expanding into various sectors.
Sat, Jul 01, 2023
A day after HDFC Ltd and HDFC Bank cleared the proposal for their amalgamation on Friday, Housing Development Finance Corporation (HDFC) Ltd. completed its merger with its subsidiary HDFC Bank today (July 1).
Thu, Jun 29, 2023
HDFC-HDFC Bank: In the past two trading sessions, both HDFC and HDFC Bank’s shares have risen over 2 per cent each.
Tue, Jun 27, 2023
HDFC and HDFC Bank merger to be effective from July 1, board meeting regarding this will be held on June 30.
Fri, Jun 09, 2023
The pace of growth in home loans will broadly mirror growth seen in HDFC's home loan portfolio, the first official said, declining to be identified as strategy discussions are not public.
Wed, Jun 07, 2023
The RBI is widely expected to leave the repo rate – the key interest rate at which it lends money to commercial banks like HDFC Bank – unchanged at 6.5 per cent.
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