After a sustained bull run, the markets are expected to enter a turbulent period
With a view to drive digital payment adoption among the merchant segment, HDFC Bank has launched cashback offers for small and medium-sized merchants across the metro, semi-urban and rural markets
Asset quality to be weaker than HDFC Bank
Analysts at Credit Suisse expect retail loan delinquencies at 5-10 per cent for private banks and 9 - 12 per cent for NBFCs
The bank's bad loan net of provisions has been under 0.5% of its assets for a decade now, despite a 10x jump in its assets and 8x in its net interest income.
Jagdishan had also come to office for the hand-over ceremony. Both Jagdishan and Puri addressed their colleagues virtually during the day, officials said
Puri is confident the best is yet to come for the bank and execution of a laid out strategy will take the bank places
After a 63% rebound from its March low, HDFC Bank's stock is too expensive given the risks related to management change and asset quality
In the past month, the stock has rallied 18 per cent, against 8 per cent gain in the S&P BSE Sensex
All that happened in the markets today
The country's largest private lender clocked an 18.4 per cent year-on-year (YoY) growth in its net profit on substantial growth in interest earnings and other income
The appointment shall be placed before the shareholders of the Bank for their approval, by way of postal ballot (through remote e-voting), bank said in filing with BSE
It had posted a net profit - profit after tax (PAT) -- of Rs 6,344.9 crore in the quarter ended September 2019 (Q2FY20)
The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago
Tata Motors on Saturday said it has collaborated with HDFC Bank for financing of its passenger vehicles
HDFC Bank's asking rate has been twice ICICI Bank's in the past, but the trend is fast reversing
Above-industry loan growth, flattish net interest margin (NIM), stable asset quality, and fewer provisions are the other elements that may mark the quarter under review
Market participants would watch out for greater clarity on NPA recognition, loan restructuring roadmap, and credit costs for the rest of the year
The HealthyLife Programme is created exclusively for HDFC Bank customers
HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has assured employees of the country's largest private sector lender that their jobs and bonuses are secure