Market sources said the response was strong with demand in the region of $4 billion-$4.5 billion
Earlier in the day, the 30-share index scaled mount 56,000 and hit a fresh record high of 56,118. The Nifty50, on the other hand, hit a new high of 16,702
Once the hurdle mark is decisively conquered on the higher side, the upside rally may see a new all-time high
However, RBI's ban on the bank introducing new digital initiatives will continue
Zydus Cadila received tentative approval from the US health regulator to market Lenalidomide capsules used for the treatment of various types of cancers
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Ban on Digital 2.0 programme continues; bank ready with aggressive plan
However, RBI's ban on the bank introducing new digital initiatives will continue, a source told Reuters
The bank is expected to raise up to $1 billion from dollar-denominated bonds
Country's largest lender State Bank of India has already raised capital through AT1 bonds from global markets
Country's largest private sector lender HDFC Bank, which has a focus on the MSME sector, is hiring 500 more relationship managers this fiscal as the bank is expanding its coverage to 575 districts, a senior banker has said. The headcount addition will take the Micro, Small and Medium Enterprises (MSME) vertical strength to 2,500. As of June end, its employee strength stood around 1.23 lakh. The bank's MSME vertical covers 545 districts now with dedicated relationship managers and supervisors, which will be expanded to 575 districts or more by the end of this fiscal. "As we are expanding our MSME footprint to 575 districts from 545 now, we are hiring over 500 more to the 2,000-strong headcount at the MSME vertical this fiscal year. This should take the overall headcount at the vertical to a little over 2,500," Sumant Rampal, senior executive vice-president for business banking & healthcare finance, told PTI on Monday. After reclassification and the resultant tagging of wholesaler ..
Company says said the profit numbers for Q1Fy22 are comparable with that of the previous year for reasons including higher effective tax rate.
HDFC Bank, ICICI Bank and Axis say bulk of the loans marked substandard in April-June was in retail category, but expect turnaround as lockdowns end.
HDFC Bank's Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed a salary of Rs 4.77 crore for the fiscal year, which included payments as a group head till his elevation. Puri's overall payments included Rs 3.5 crore as post-retirement benefits. Its immediate rival ICICI Bank's MD and CEO Sandeep Bakhshi "voluntarily relinquished" his fixed compensation of basic and supplementary allowances for FY21, which had seen wide-scale impact of the COVID pandemic, as per the second largest lender's annual report. Bakhshi, however, did receive allowances and perquisites amounting to Rs 38.38 lakh, the document said, adding he also got Rs 63.60 lakh as performance bonus from ICICI Prudential Life Insurance Company as deferred variabl
The market valuation of HDFC Bank tumbled Rs 43,578.18 crore to reach Rs 7,97,422.67 crore.
The private bank bellwether reported its lowest NII growth in a decade
Sectorally, the Nifty Bank index declined over 2 per cent, led by losses in HDFC Bank (down over 3 per cent)
Is the weakness seen on Monday likely to intensify in the days ahead or is this just a knee-jerk reaction to the June 2021 quarter results announced last week? Here is what the technical charts say
HDFC Bank's asset quality deteriorated marginally due to disruptions in collections on account of the second Covid wave