HDFC Bank has increased deposit rate to 7.25 per cent for fixed deposits of 3-5 years from the earlier 7.1 per cent.
The bank had registered a net profit of Rs 41.51 billion in the July-September quarter of 2017-18.
The bank has been adopting this method after a Supreme Court appointed amicus curiae recommended closure of proceedings in all cheque bounce cases through digital means
In a regulatory filing last week, the bank announced Sukthankar's resignation without citing any reasons
Analysts had expected the stock to see a knee-jerk reaction to the development. Most suggest the fall can be bought into from a long-term perspective
The bank said its board of directors places on record its appreciation for the contribution made by Sukthankar in his long association with the bank
The deposit of maturity 6-9 months would earn 6.75 per cent, 40 basis points higher than previous rate
Issuer may offer discount up to 5% on floor price, seeks to raise Rs 155 bn
The FII ownership in HDFC Bank is legally capped at 74 per cent and the current aggregate investment is 73.13 per cent
Miss on account of mark-to-market loss in investment book; analysts cautious on asset quality trend
Net non-performing assets were at 0.4 per cent of net advances as on June 30, 2018
HDFC Bank has been one of the biggest gainers
HDFC Bank CEO Aditya Puri said that all the facilities which are available in cities will be made available to people in rural areas through CSCs
The bank's focus on these areas is apparent from the fact that over 50% of its banking outlets are in rural and semi-urban areas
HDFC Bank said in December its board had approved a potential equity offering of as much as Rs 240 billion
It will be subject to Foreign Direct Investment Policy conditionalities and other sectoral regulations or guidelines
Less than 14 million shares bought as against room for 43.6 million
The stock dipped 2.5% at Rs 2,058, falling 4.6% from its early morning high of Rs 2,157 touched on the NSE.
The career banker methodically built a start-up into India's second-largest private-sector bank by market value, it said
Other income, comprising fees and other non-interest income, stood at Rs 42.28 billion