Page 31 - Hdfc Bank

HDFC Bank plans to raise Rs 500 bn via bonds in FY19 to fund expansion

The decision to this effect will be taken in the board meeting on April 21, 2018

HDFC Bank removes iron spikes from Mumbai's Fort branch after facing ire

HDFC bank drew flak for installing multiple rows of iron spikes outside their Fort Branch here, which many saw as a move to prevent homeless people from sleeping on the pavements

HDFC Bank raises Rs 23 billion through issuance of rupee-denominated bonds

The issue carries a fixed coupon rate of 8.10% per annum with maturity on March 22, 2025

Find people responsible for leaking earnings on WhatsApp: Sebi to HDFC Bank

Sebi said inadequate controls at HDFC Bank are the prima facie reason for leakage of financial results

HDFC Bank, Tech Mahindra, Pfizer hit 52-week high in weak market

HDFC Bank hit a new high of Rs 2,011 on BSE in intra-day trade, gaining 7.5% in past two weeks.

HDFC Bank Q3 profit up 20% to Rs 46.43 bn as interest, fee income rise

The net interest margin, the difference between the yield on advances and cost of fund, stood at 4.3%

HDFC Bank Q3 net profit rises record 20% to Rs 46.43 billion

Gross bad loans as a percentage of total loans stood at 1.29 per cent at end-December, versus 1.26 per cent at end-September

HDFC Bank pegs GDP growth at 7.3% in FY19 on rural push, consumption surge

It also warned of a surge in oil prices causing the 'twin deficit' problem with a surge in fiscal and current account gaps

HDFC Bank to raise up to Rs 24,000 cr via share sale

It would be the biggest fundraising exercise by any Indian firm ever

HDFC Bank hits new high on fund raising plans

The stock hit a new high of Rs 1,887, up 2.7% on the BSE, after the bank announced that its board will meet on Wednesday, December 20, 2017 to consider a proposal for raising of funds

HDFC Bank expects double-digit loan growth in FY19 on credit expansion

After clocking just under 10% growth for almost a year, credit expansion fell to under 5% starting November 2016

Tinkering in rates by banks unlikely in short-term: HDFC Bank

Recently, many banks reduced lending rates especially housing and vehicle loans to take advantage of festival season demand.

HDFC Bank launches SmartUp Zone for Odisha start-ups

The first SmartUp zone was launched in New Delhi in October

HDFC Bank to set up SmartUp zones in 30 cities to promote entrepreneurship

A SmartUp Zone was today inaugurated in one of the bank branches

Good news for HDFC Bank users: RTGS, NEFT transactions made free from Nov 1

Earlier, customers were levied Rs 25 each for Rs 2-5 lakh online transaction via RTGS and Rs 50 each for such money transfers over Rs 5 lakh

Electronic payments, m-wallets volumes seeing a decline: HDFC Bank

Volume of retail electronic transactions peaked to 1.30 billion in Dec last year

HDFC Bank moves closer to top 10 global lenders' league

A 55% rally in its shares this year has helped the lender jump 10 spots to 12th position

HDFC Bank asked to classify recast loan as NPA by RBI

Its overall gross non-performing assets ratio had been broadly stable at 1.26%, among the lowest for any major lender

HDFC Bank standalone net profit rises 20.13% in the September 2017 quarter

HDFC Bank standalone net profit rises 20.13% in the September 2017 quarter

HDFC Bank changes its growth track

HDFC Bank has been among the top BSE Sensex performer, with year-to-date gains of 45 per cent. However, after scaling to its 52-week high of ~1,810 on August 1, the stock has pared some gains to now trade at ~1,754.The decline may be attributed to weak market conditions seen in the past few weeks. June quarter results, which threw up some asset quality issues, particularly on the agriculture loans front, has prompted some analysts to increase their credit cost estimates. Jefferies has upped its credit cost guidance 18 basis points (bps) for FY18, while UBS has raised it by 10 per cent to 82 bps, to factor in higher delinquencies in the farm and small business segments. For a bank that hasn't seen much credit cost adjustment, this is perhaps a first in recent times. It needs to be seen how HDFC Bank's recent announcement on increasing its market share in wholesale loans (mainly through refinancing loans) would impact its growth, asset quality and profitability. Wholesale loans ...