Shares of HDFC jumped over 8 per cent after the mortgage lender said its business is returning to pre-COVID-19 levels.
All that happened in the markets today
Shares of HDFC group have been on a roll since the past few sessions. On Tuesday, too, the HDFC twins were leading the charge among the S&P BSE Sensex scrips, with HDFC rising over 6 per cent
HDFC Bank's business is back to pre-covid levels, says Aditya Puri
HDFC Bank Managing Director Aditya Puri on Wednesday said the lender's business is returning to pre-Covid-19 levels and full normalcy is expected to be restored soon
The bank will offer 50 per cent off on the processing fees of auto loans, personal loans, and business growth loans and zero processing fee on two-wheeler loans
All that happened in the markets today
The accumulated interest will increase the principal and you will have to pay a higher interest rate on it
The stock may underperform until the Street gets clarity on asset quality and outcome of the litigation
All that happened in the markets today
Here are key details about HDFC's loan restructuring offer as published on its website
Lender expects its response to be due in early 2021, says there is no matter currently that requires disclosure
All that happened in the markets today
Cite failure on bank's part to inform investors about improper internal controls on vehicle loans; outgoing MD Aditya Puri, CEO-designate Sashidhar Jagdishan among ddefendants
Morgan Stanley believes the banks could provide aggressively for bad loans (unlike the banking system) and accelerate the pace of loan market share gains as the economy stabilizes
Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments
Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most valued listed firms
So far, there have been varied views with regards to the percentage of loans that may seek restructuring.
The investment legroom for FPIs in HDFC Bank, Kotak Mahindra Bank, and IndusInd Bank has reduced, according to index provider FTSE, which has dropped these stocks from some of its indices
Puri, who counts JP Morgan CEO Jamie Dimon as one of his inspirations, says the biggest challenge of his career was to scale up HDFC bank