FPIs have sold shares worth Rs 1.6 trn in domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC
Slower-than-expected credit growth amid weakening macros due to the Ukraine-Russia conflict; further softness in margins due to slower retail credit growth are key risks according to analysts
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)
At 02:27 PM: Nifty Bank, Nifty Financial Services, Nifty PSU Bank, Nifty Auto and Nifty Auto index were down between 1.3 per cent and 2 per cent on the NSE.
Stocks to Watch Today: Tata Steel has announced a 46.8 per cent jump in Q4 net, and also announced a 10:1 stock split; LIC's Rs 21,000 crore IPO opens today.
Net interest income of the lender increased by 14 per cent to Rs 4,601 crore in Q4FY22, aided by higher loan growth
The net interest income for the March quarter came at Rs 4,601 crore compared to Rs 4,027 crore in the previous year
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
HDFC's adjustable-rate home loans for customers with a credit score of above 750 will now be 6.75% versus 6.70% earlier
Reports suggest LTI & Mindtree could be eyeing a merger. Besides, the acquisition race for Holcim's India assets is heating up Ultratech Cement reportedly throwing in its hat in the ring
Says HDFC will have the benefit of distribution at all 6,500 branches of the bank. Today not all the branches of HDFC Bank source housing loans from HDFC
HDFC Capital is a wholly owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India.
Total mcap erosion pegged at Rs 2.72 trillion; HDFC Bank falls for ninth straight day, down 3.73% to Rs 1,343.3. HDFC sheds 5.5% to Rs 2,138.7
HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.
SITI Networks has received a notice issued by the Mumbai bench of the National Company Law Tribunal over the petition filed by HDFCL, the Essel group firm said in a regulatory filing on Thursday
Shares of HDFC Bank and HDFC have fallen 6 per cent in the past two trading days
Analysts think there are multiple challenges such as impact of SLR/CRR/PSL compliance cost; the RBI's aversion to banks holding considerable stakes in para-banking businesses
The merger is expected to be completed by Q2/Q3 of FY24
The merger is expected to be completed by Q2/Q3 of FY24
The banking sector, according to analysts at ICICI Securities, has been underperforming at the bourses against the overall market in the last six months largely due to credit growth concerns