Page 34 - Hdfc Bank

HDFC Bank net profit grows 20%

Gross bad loans as a percentage of total loans rose to 1.04% from 0.94% as of end-March, which the bank said was driven by small-and-medium corporate borrowers and individuals

Succession plan in place: Aditya Puri

Aditya Puri, managing director of HDFC Bank, said a succession plan for the bank's chief was in place. "We have a very clearly defined succession plan … even if something happens, there is a successor … there are two-three levels below me, so nothing to worry," said Puri after the bank's annual general meeting on Thursday. Investors and markets had started to ask questions after Puri was hospitalised, earlier this year, and underwent a cardiac surgery.He has been at the helm of the bank since its inception since 1994. Last year the bank's board had recommended Puri's re-appointment for another five years, uptil October 2020, till he turns 70. In September 2014, Reserve Bank of India had revised the maximum age limit of private bank chiefs from 65 to 70.

HDFC Bank Q1 net zooms 20% to Rs 3,239 cr; NPAs increase

Bank had earned a profit of Rs 2,695.72 crore in the April-June quarter of the last financial year

S&P drops HDFC Bank's Bahrain bonds from watch list

S&P Global Ratings on Wednesday said HDFC Bank's bonds issued from its Bahrain branch were no longer under its CreditWatch, where the bonds were relegated in February with negative implications.The rating agency's actions follow the bank's announcement that it had put in place a structure that would ensure honouring the payment obligations of the bank from its Hong Kong or India branch under an adverse event."We understand that HDFC Bank has already obtained specific approval from the Reserve Bank of India to make the payment for debt obligations arising on these bonds," S&P Global said in a statement issued from Singapore.Adding there was no regulation that would bar the Hong Kong branch to make payments. "As such, we do not consider the ratings on these bonds to be constrained by the rating on the host country (Bahrain)," the statement said. HDFC Bank had raised about $1.2 billion in bonds through its Bahrain branch. S&P in February had also put ICICI Bank's $600-million

HDFC Bank beats major European peers on m-cap

At $45 billion, it has gone ahead of biggies such as Barclays, ING, Deutsche Bank and Credit Suisse

HDFC Bank, IndusInd Bank, YES Bank hit lifetime highs

YES Bank (Rs 1,147), HDFC Bank (Rs 1,196) and IndusInd Bank (Rs 1,147) were up more than 1% each, touching their respective record highs on the BSE in intra-day trade.

HDFC Bank to focus on digital platform for sustained growth

The bank is well positioned to continue to grow faster than the banking sector both in retail and wholesale segments, HDFC Bank said

HDFC Bank launches SME e-bank

Aims to grow market share in hinterlands

HDFC Bank trains half a million UP govt teachers

Under the programme, teachers have evolved 2,00,000 ideas, which could foster path-breaking changes in education for 20 million students

HDFC Bank to double spends on its Smart Buy to Rs 1,000 cr in FY17

Launched last year, SmartBuy is a marketplace that has tied-up with various merchants; bank's debit or credit card customers can shop via this platform

HDFC Bank plans to open 500 branches this fiscal

About 60% of new branches would be coming up in semi-urban and rural areas and the remaining in urban areas

HDFC Bank plans to double its credit card base in 1 year

Aims to issue 0.4 million cards every month

HDFC pushes its corporate loan book

In the last three years, loan book has doubled from Rs 47,000 cr to Rs 1 lakh cr

HDFC Bank: Strong loan growth boosts Q4 show

Analysts confident on prospects

HDFC Bank Q4 net rises 20% to Rs 3,374 cr

Lender says corrective steps taken to keep asset quality stable; provisions increased to offset rise in loan book

HDFC Bank has no love for India: Consumer court

National Consumer Disputes Redressal Commission asks bank to pay Rs 5 lakh to couple

ICICI Bank serves notice on HDFC Bank's HR head

The rivalry between the country’s largest and second largest private sector bank has become bitter. Stung by the comments of Mandeep Maitra, HDFC Bank’s Human Resources head, published in the latest issue of a business magazine, ICICI Bank has shot off a legal notice to her seeking an unconditional apology.