While headline numbers met estimates, quality of loan growth and asset quality didn't. This explains the 1.8% dip in its stock price on Monday
On the upside, the Mumbai-headquartered bank's net profit rose 32.8 per cent year-on-year to Rs 7,416.5 crore, compared to Rs 5,585.85 crore in the corresponding period of the previous year
The specific loan loss provisions in the current quarter include one-offs of approximately Rs 700 crore, primarily relating to some corporate accounts
Total income rose to Rs 36,039 crore during the December quarter against Rs 30,811.27 crore in the year-ago period, HDFC Bank said in a statement.
Net interest income, however, is likely to grow between 11 and 16 % YoY to Rs 14,409.5 crore, up from Rs 12,576.8 crore reported in the same quarter last year, and Rs 13,515 crore in Q2FY20
TCS, HDFC, HUL, ICICI Bank and Kotak Mahindra Bank were the other bluechips which witnessed a rally in their market capitalisation
With this app the bank is targeting 3 million places of worship, 600,000-800,000 housing societies; 2,000+ clubs; and 500+ cities with a population of more than 100,000
In Q3FY20, HDFC Bank underperformed the benchmark index by climbing 2.46 per cent as compared to Sensex's 7.69 per cent gain during the same period
Bank also launches its farmer outreach programme 'Har Gaon Hamara'
ICICI Bank's valuation tumbled Rs 6,883.44 crore to Rs 3,48,532.24 crore, taking the worst hit among the top-10 firms.
When onion prices were hovering around Rs 150 a kg and FM Nirmala Sitharaman was being pilloried for her comments on the kitchen staple, food-delivery platforms put out clever one liners
The secured redeemable non-convertible debentures are to be allotted on a private placement basis on Friday for an issue size of Rs 2,500 crore, HDFC Ltd said in a regulatory filing on Tuesday
The daily, as well as weekly, MACD for Nifty, is still in buy mode; hence, the bulls still have an upper hand on that front
HDFC Bank MD Aditya Puri and SBI Chairman Rajnish Kumar discuss the present and the future of the industry in a fireside chat
Market benchmark BSE Sensex declined over 247 points on Tuesday to close at 40,239 as heavy selling emerged mainly in power, oil & gas and IT stocks amid a strengthening rupee. The 30-share gauge opened strong at 40,588.81, but soon lost momentum to slip into the negative territory. It finally closed 247.55 points or 0.61 per cent lower at 40,239.88. On similar lines, the 50-scrip NSE Nifty fell 80.70 points or 0.68 per cent to finish at 11,856.80. Yes Bank was the biggest loser in the Sensex pack with 10.05 per cent decline, followed by PowerGrid, IndusInd Bank, NTPC, ITC, TCS, Axis Bank, Hero MotoCorp, M&M and HCL Tech, which lost up to 2.66 per cent. On the other hand, Bajaj Finance, HUL, HDFC Bank, ICICI Bank, and Bajaj Auto gained up to 1.06 per cent. Meanwhile, the rupee appreciated by 11 paise to trade at 70.93 against the US dollar (intra-day). Brent futures, the global oil benchmark, slipped 0.33 per cent to USD 64.04 per barrel. In other Asian markets, Hong Kong ...
HDFC Bank had also cut its MCLR by 10 bps across tenures last month
SAT has directed Sebi to pass an order on the matter by December 12. Sebi's circular in June had said clients' securities that were pledged must be unpledged and returned to them
The bank's customers couldn't access these services from 10 am on Monday to early Wednesday morning. Many tweeted saying they could neither access their salaries nor make recurring payments
Experts rule this out as a hacking incident and say the outage could have been because of a heavy load on the bank's server
The private sector banks joined the petition on Tuesday and there was a lengthy hearing