HDFC Bank unit HDB Financial Services approves Rs 2,500 cr fundraise
Sep 21, 2024, at 04:16 am
Mumbai: HDFC Bank's unit HDB Financial Services has approved raising Rs 2,500 crore ($299 million) through a fresh issue of shares as part of its upcoming initial public offering (IPO), Reuters reported, citing the bank’s announcement on Friday.
4.69 cr shares change hands for Rs 6,997 cr in HDFC Bank block deal
Aug 30, 2024, at 11:01 pm
Mumbai: HDFC Bank's stock witnessed the exchange of around 4.69 crore shares in multiple block deals totalling Rs 6,997 crore, coinciding with the MSCI indices' August rebalancing, Moneycontrol reported.
HDFC Bank to stop SMS alerts for UPI transactions up to Rs 100
May 29, 2024, at 06:22 pm
Mumbai/IBNS: HDFC Bank has said that it will be stopping SMS alerts for UPI transactions below Rs 100 from June 25.
Deepak Parekh steps down as HDFC Life's Chairman and Non-Executive Director
Apr 18, 2024, at 11:36 pm
Mumbai: Veteran banker Deepak Parekh has resigned from his positions as Chairman and Non-Executive Director of HDFC Life Insurance, the company said in an exchange filing on Thursday.
HDFC Bank raises $ 300 million through maiden Sustainable Finance Bond Issue
Feb 08, 2024, at 07:37 am
HDFC Bank Limited has announced that it has raised $ 300 million through its first-ever sustainable finance bond issue.
HDFC Mutual Fund opens 24 new branches to bolster Mutual Fund penetration
Jan 05, 2024, at 04:31 am
Mumbai: HDFC Mutual Fund has opened 24 new branches across India as a strategic expansion initiative aimed at increasing penetration of mutual funds in India, a press release said on Thursday.
HDFC Life Insurance Q2FY24 net profit grows 15% YoY to Rs 376 cr
Oct 14, 2023, at 06:10 am
Mumbai: HDFC Life Insurance, a private sector insurance company, Friday announced a net profit of Rs 376 crore in the September quarter of the financial year 2023-24.
HDFC Bank making changes to top management after mega merger
Oct 04, 2023, at 04:21 am
Mumbai: HDFC Bank is revamping its top management to bolster its mortgage business following its acquisition of another lender three months ago, Bloomberg reported.
RBI approves reappointment of Sashidhar Jagdishan as HDFC Bank MD & CEO for next three years
Sep 20, 2023, at 02:00 am
New Delhi: The Reserve Bank of India (RBI) has granted approval for the re-appointment of Sashidhar Jagdishan as the Managing Director and Chief Executive Officer of HDFC Bank, the bank informed the exchanges in a communication on September 19.
CCI approves HDFC's acquisition of more shares in insurance companies
Jun 21, 2023, at 07:27 am
New Delhi: The Competition Commission of India (CCI) Tuesday said it has approved the proposed combination involving the acquisition by Housing Development Finance Corporation Ltd of certain additional shareholding of HDFC ERGO General Insurance Company Ltd and HDFC Life Insurance Company Ltd.
HDFC RuPay Credit Cards can now be Linked to UPI
Jun 01, 2023, at 11:58 pm
UPI payments are a widely popular and reliable payment option due to hassle-free, quick, and convenient transactions. Until now, these payments were linked to your savings or current account, thus you could spend conveniently as much as the availability of funds in your bank account. Now, however, you can link your credit card with UPI and make convenient payments via credit cards. HDFC Bank is one of the first leading credit card issuers to allow the linking of RuPay credit cards to UPI apps of your choice, like GooglePay, PhonePe, Paytm, and BHIM UPI. Using this feature, you can avail of credit card rewards, discounts, and offers on your regular UPI payments.
NCLT approves merger of HDFC and HDFC Bank
Mar 18, 2023, at 04:48 am
The National Company Law Tribunal (NCLT) gave its approval for the merger of HDFC and HDFC Bank, which is considered to be the largest merger in corporate history.
HDFC Mutual Fund launches HDFC MNC Fund
Feb 22, 2023, at 08:13 pm
New Delhi: HDFC Asset Management Company Limited (HDFC AMC), investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund houses has announced the launch of HDFC MNC Fund, which will invest predominantly in MNCs (Multi-National Companies) across sectors and market cap segment.
Best Banks For Savings Accounts Services In India
Feb 16, 2023, at 03:39 pm
In this article, let us look at the top 10 banks in India. A suitable savings account can help you save more money in the long run and invest them in the right avenues to grow your wealth in the future. Here are the top 10 banks in India ranked in order of the efficiency of their savings accounts:
Central banks across the world have a tough role ahead: Deepak Parekh
Nov 05, 2022, at 01:48 am
Kolkata/IBNS: Global growth which was 6.1 percent last year is estimated to fall by half to 3.2 percent in 2022, said HDFC Chairman Deepak Parekh.
HDFC Mutual Fund announces HDFC Nifty IT ETF & HDFC Nifty Private Bank ETF
Nov 04, 2022, at 10:55 pm
New Delhi: HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual Fund (HDFC MF), one of India’s leading mutual fund house, has announced the launch of two funds – HDFC Nifty IT ETF and HDFC Nifty Private Bank ETF, in order to expand their suite of “HDFC MF Index Solutions”, which HDFC Mutual Fund has been managing for the past 20 years.
Sep 14, 2022, at 09:48 pm
Mumbai: HDFC Asset Management Company Ltd, a leading mutual fund house that manages assets worth Rs 4.34 trillion as on 30 Aug 2022, has announced the launch of NIFTY100 Quality 30 ETF, NIFTY50 Value 20 ETF, and NIFTY Growth Sectors 15 ETF, in order to expand their suite of ‘HDFC MF Index Solutions’.
Arvind SmartSpaces inks agreement with HDFC CapitalAdvisors
Aug 24, 2022, at 09:48 pm
Ahmedabad: Leading real estate developer Arvind Smart Spaces Ltd (BSE: 539301 NSE: ARVSMART,ISIN: INE034S01021, ASL), part of the Lalbhai Group, said it has signed an agreement with HDFC Capital Affordable Real Estate Fund – 3 (HCARE – 3) for the creation of residential development platform with a revenue potential of upto Rs 5000 crore, the company said Wednesday.
CCI approves merger of HDFC Bank with HDC Ltd
Aug 14, 2022, at 08:53 pm
The Competition Commission of India (CCI) has approved the merger of HDFC Bank with its parent HDFC Ltd.
HDFC Bank net profit move up by 19pc in Q1 to Rs 9,196 crore
Jul 16, 2022, at 09:33 pm
Mumbai: Private lender HDFC Bank on Saturday reported 19% year-on-year rise in net profit at Rs 9,196 crore for April-June quarter (Q1) of FY23 as compared to Rs 7,729.64 crore in the Q1 of previous financial year.
HDFC reports 16 pc spike in Q4 FY22 PAT at Rs 3,700 cr
May 02, 2022, at 11:27 pm
Mumbai: Mortgage lender HDFC on Monday reported a 16 per cent growth in net profit for the quarter ended March 31 at Rs 3,700 crore, on the back of higher net interest income and improvement in asset quality.
HDFC drops 2.01 pc to Rs 2,377.40
Apr 13, 2022, at 10:03 pm
Mumbai: HDFC on Wednesday slipped 2.01 per cent to Rs 2,377.40, a major loser in the 30 scrips of the Bombay Stock Exchange (BSE).
HDFC Bank adds 21,000 people in the current financial year
Mar 17, 2022, at 04:35 am
Mumbai/IBNS: HDFC Bank reported an increase of 21,503 permanent employees in the current financial year, an over 90 percent increase over the previous year.
Reserve Bank of India lifts restriction on HDFC Bank's business generating activities
Mar 12, 2022, at 10:08 pm
New Delhi: Private lender HDFC Bank on Saturday said that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.
HDFC Q3 result: Net Profit grows 11.4 pc YoY to 3,261 cr
Feb 03, 2022, at 07:21 am
Mumbai/IBNS: Housing Development Finance Corporation (HDFC) declared an 11.4 percent year-on-year (YoY) growth in net profit at Rs 3,260.7 crore for the quarter ended December.
HDFC Life Insurance net profit grows 3.3 pc Y-o-Y in Q3FY22
Jan 21, 2022, at 10:43 pm
Mumbai/IBNS: HDFC Life Insurance on Friday reported a 3.3 percent year-on-year rise in net profit to Rs 273.7 crore for the October-December quarter.
HDFC Mutual Fund announces New Fund Offer
Oct 21, 2021, at 02:15 am
New Delhi: HDFC Asset Management Company, one of India’s leading mutual fund houses with ₹ 4.35 trillion in assets under management has announced launch of New Fund Offer – HDFC NIFTY Next 50 Index Fund, for investors looking for returns that are commensurate with the performance of NIFTY Next 50 Index, subject to tracking error.
HDFC Bank's Q1FY22 net profit jumps by 16.1 pc to Rs 7,729.6 cr, NII grows by 8.6 pc
Jul 18, 2021, at 12:10 am
Mumbai/IBNS: India's largest private sector lender HDFC Bank reported a net profit of Rs 7,729.6 crore on a standalone basis, an increase of 16.1 per cent (year-on-year) over the quarter ended June 30, 2020.
Jul 05, 2021, at 11:06 pm
New Delhi: HDFC Asset Management Co. Ltd., investment manager to HDFC Mutual Fund, a mutual fund house with Rs. 4.11 lakh crore in Assets Under Management as on May 31, 2021, announced campaign on HDFC Flexi Cap Fund’s journey and accomplishment over past 26 years - #WealthCreation.
HDFC Bank commits to becoming carbon neutral by 2031-32
Jun 03, 2021, at 08:26 pm
Mumbai/Kolkata: HDFC Bank on Thursday announced plans to become carbon neutral by 2031-32.