Page 32 - Hdfc Bank

Now, HDFC Bank cuts savings rate to 3.5% for deposits less than Rs 50 lakh

Post revision, customers maintaining savings bank account balance of Rs 50 lakh and above will continue to earn interest at four per annum.

HDFC Bank plans to raise Rs 15,000 cr via infra bonds

The bank's total advances stood at Rs 580,976 cr at June-end, an increase of 23.4% over a year

HDFC Bank looks at refinancing to build corporate loan book

At a time when many large banks are putting brakes to growing corporate lending, due to capital constraint and exposure limits, HDFC Bank is aiming to expand its wholesale loan book through refinancing. Term loans constitute about 30 per cent of its corporate banking book, which grew by over 20 per cent to Rs 125,000 crore in 2016-17. Kaizad Bharucha, executive director, said they were working on increasing the market share in wholesale banking. The bank has a strong capital base, unlike many large entities in this segment. Its total Capital Adequacy Ratio, by Basel-III rules, was 15.6 per cent at end-June, as against a regulatory requirement of 10.25 per cent, including a Capital Conservation Buffer of 1.25 per cent."This (strong capital base) gives an opportunity for refinancing and the chance to acquire good assets. This is keeping with the prudent philosophy of the bank," he told reporters, dwelling on growth of the corporate banking business.Many public sector banks are stuck ...

HDFC Bank, SpiceJet, NBCC, JBF Industries hit new high

Kotak Mahindra Bank, DHFL, Graphite India and Balkrishna Industries hit new high.

HDFC Bank hit new high; market cap crosses Rs 4 lakh crore

HDFC Bank, with m-cap of Rs 400,654 crore at 02:53 pm, now joined RIL and TCS

HDFC Bank hits new high; market-cap inches closer to Rs 4 lakh crore mark

With m-cap of Rs 3.93 lakh cr, HDFC Bank is less than 2% away from joining Rs 4 lakh cr m-cap club

HDFC Bank headcount falls for second quarter in a row, down by 6,100 in Q4

In the preceding Oct-Dec 2016 quarter, the headcount had come down by 4,581 employees

HDFC Bank Q4 net rises 18% to Rs 3,990 cr

HDFC Bank, the country's second largest in the private sector in terms of assets, reported an 18.3 per cent rise in both its fourth quarter as well as yearly net profit.This was so even as provisioning increased, mainly on the asset classification leeway given in the third quarter by the Reserve Bank of India (RBI) and due to aggressive expansion of the loan book in the fourth quarter.Profit for the financial year's fourth quarter ended March was Rs 3,990 crore; for all of 2016-17, it was 14,549.7 crore. This is the second quarter in a row that the bank reported quarterly profit growth below 20 per cent; it is also the first time in its history that yearly profit growth has dipped below 20 per cent.Analysts were expecting quarterly net profit of Rs 3,956 crore. The bank's shares rose 2.4 per cent to close at Rs 1,496.75 a share, having hit a lifetime high of Rs 1,499 in the trading session. Provisions and contingencies for the fourth quarter were Rs 1,261.8 crore, as against Rs 662.5 .

Asset quality of HDFC Bank remains stable

The March quarter was yet another one in which the HDFC Bank outperformed the Street expectations on most parameters. The strong performance was reflected in the bank's stock prices as well, which rose by 2.4 per cent on an otherwise flat day of trade. Its net interest income (NII) grew by 21.5 per cent year-on-year to ~9,055 crore. Net profit, which expanded by 18.3 per cent year-on-year to ~3,990 crore was ahead of Bloomberg estimates at ~3,950 crore. Net interest margin (NIM) was maintained at 4.3 per cent. The operational performance helped the bank overcome any possible asset quality slippages even as provisioning for bad loans doubled on a year-on-year basis to ~1,262 crore in Q4. Spillover impact of the Reverse Bank of India's relaxation for loans less than ~1 crore in the December quarter resulted in provisioning being higher by ~100 crore in the March quarter. What also came handy was 19.4 per cent growth in the loan book, which currently stands at ~5.6 lakh crore. This ...

HDFC Bank board approves Rs 50,000-cr fund-raising

Shyamala Gopinath reappointed as bank's part-time non-executive chairman till June 19, 2019

HDFC Bank to raise Rs 50,000 cr via infra bonds, debt securities

HDFC Bank reported a net profit of Rs 14,549 crore, a growth of 18.3 per cent in 2016-17

HDFC Bank hits record high after robust March quarter earnings

The stock was up 2.3% at Rs 1,495 on the National Stock Exchange.

HDFC Bank Q4 net up 18 per cent to Rs 3,990 crore; NPA provisioning rises

Total income during the fourth quarter rose to Rs 21,560 crore

Odisha: Masked men loot Rs 5 lakh from HDFC Bank using toy guns

Police later recovered the toyguns from near the bank

HDFC Bank launches loan against shares in minutes: How it works

HDFC Bank Ltd is offering loan against shares in about two-three minutes by completely digitizing the project. For this, the bank tied up with National Securities Depository Ltd (NSDL). Shares dematerialized by the NSDL and executed through HDFC Bank demat account could be utilized for the pledging purpose. This is most definitely first of its kind initiative in India and probably the first in the world also. HDFC Bank and NSDL consulted the Reserve Bank of India (RBI), country's central bank, before developing the product. "There would probably be no second regulator who has managed to put this (product) on the table. We are probably the first to do it and therefore, it is a great day for the country as well," said Arvind Kapil, country head of unsecured, home and mortgage loans of the bank. A HDFC Bank customer can now login to the bank website and pledge her shares, dematerialized by NSDL, and can get instant loans, deposited in a freshly opened current account. The customer ...

HDFC Bank begins to levy cash transaction fee

ICICI Bank has already been levying a similar fee since July 2016 on cash transactions beyond five

HDFC Bank FPI trade: RBI, Sebi to tighten norms on trigger point

Sebi and the RBI are looking at tightening trigger points for foreign portfolio investment

Don't settle all Friday trades in HDFC Bank: RBI to custodians

Central bank issued direction after 74% FPI ceiling was crossed

Who would want payment wallets, when UPI is faster: HDFC Bank's Aditya Puri

Payment wallets not a viable business option, says the HDFC Bank chairman

Foreign investors pay top dollar for HDFC Bank

Share jumps 9.5% after RBI lifts FII ban, then retreats as it again hits investment ceiling; lender pips RIL to become second-most valued firm