HDFC Bank's NBFC arm HDB Financial Services files papers for Rs 12,500 crore IPO
Mumbai/IBNS: HDFC Bank announced on Thursday (Oct. 31) that its non-banking financial arm HDB Financial Services filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a potential IPO of up to Rs 12,500 crore (approximately $1.49 billion).
Macquarie explains why HDFC Bank's loan growth may slow down to below 10% in Q2
Mumbai/IBNS: Australian multinational brokerage firm Macquarie has indicated that HDFC Bank, India’s largest private lender, could see its loan growth dip below 10 percent year-on-year (YoY).
HDFC Bank negotiates with global lenders to offload $1 billion in loans
Mumbai/IBNS: India's largest private sector lender, HDFC Bank, is negotiating with major global banks to offload loans totaling up to Rs 8,400 crore ($1 billion) as part of its strategy to reduce the size of its credit portfolio and improve its credit-to-deposit ratio, reports Bloomberg, citing its sources.
4.69 cr shares change hands for Rs 6,997 cr in HDFC Bank block deal
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.
Deposit mobilisation not a challenge for bank, says SBI chairman Dinesh Khara
Mumbai/IBNS: Dinesh Kumar Khara, the chairman of India's largest public sector bank State Bank of India (SBI), on Friday (August 23) said that he does not foresee any challenges for the bank in deposit mobilisation, despite the intensified competition among banks to attract deposits by raising short-term deposit rates.
HDFC Bank to stop SMS alerts for UPI transactions up to Rs 100
Mumbai/IBNS: HDFC Bank has said that it will be stopping SMS alerts for UPI transactions below Rs 100 from June 25.
HDFC Bank's net profit up 37 percent in Q4
Private sector bank HDFC Bank announced on Saturday its net profit jumped by 37.1 percent to touch Rs 16,511.85 crore for fourth quarter (January-March) of FY2023-24.
Mumbai: Last week, IT giant Tata Consultancy Services (TCS) launched the fourth-quarter earnings season with results that surpassed expectations and impressive operating margins.
HDFC Bank and Yes Bank file third-party application provider request for Paytm UPI business
Mumbai: One97 Communications, the operator of the Paytm brand, along with private sector banks HDFC Bank and Yes Bank jointly submitted an application to become a third-party application provider (TPAP) for the Unified Payments Interface (UPI) mobile payments platform under the National Payments Corporation of India (NPCI).
HDFC Bank raises $ 300 million through maiden Sustainable Finance Bond Issue
HDFC Bank Limited has announced that it has raised $ 300 million through its first-ever sustainable finance bond issue.
HDFC Bank making changes to top management after mega merger
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’s policy hawkish to the rising inflationary risks: HDFC treasury research
Mumbai: The RBI kept its policy rate unchanged at 6.5% in line with expectations. Moreover, it continued with its stance of “withdrawal of accommodation” with a 5:1 vote.
HDFC Ltd. to merge into HDFC Bank, effective from July 1
HDFC Bank, a private sector bank, on Friday announced the successful completion of the merger with housing finance company HDFC Ltd.
RBI allows SBI Funds Management to buy 9.99% stake in HDFC Bank
Mumbai: The Reserve Bank of India (RBI) has granted permission to SBI Funds Management (SBIMFL) to acquire a stake of up to 9.99 percent in terms of paid-up share capital or voting rights of HDFC Bank, the bank said in an exchange filing on Wednesday.
HDFC Bank signs agreement with Export Import Bank of Korea for US $ 300 million credit line
Ahmedabad: Private sector HDFC Bank has signed a Master Inter Bank Credit Agreement with Export Import Bank of Korea for a US $ 300 million line of credit.