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HDFC Bank has no plans to cut down branch expansion: Aditya Puri
Posted on 18th February 2019
Mumbai: Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said Monday.

It can be noted many banks globally are focusing on technology more than the physical presence in recent times.

HDFC Bank: No surprises as bad loan metrics continue to shine
Posted on 21st January 2019
HDFC Bank Ltd has a reputation of being a consistent performer and its third quarter results were no different.

The private sector lender reported a 20% year-on-year growth in net profit to ₹585.85 crore for the quarter ended 31 December, in line with analysts’ estimate of ₹5,605.70 crore in a Bloomberg survey of 19 brokerage firms.

HDFC Bank issues alert for customers against bank frauds: here's how to stay safe
Posted on 16th January 2019
In the wake of recent fradulent transactions, HDFC Bank has issued an alert to its customers asking them to stay safe. Recently, many incidents of bank frauds have ben reported across the country. In many of these instances, customers unknowingly shared their sensitive banking information with third parties under impression they are calling from their respective banks.

With the growing usage of online and mobile banking, customers are given thorough guidelines from the respective banks so they can develop a habit of safe and secure banking.

HDFC Bank hikes short-term MCLRs by 5 bps
Posted on 8th December 2018
HDFC Bank on Friday hiked its marginal cost of funds lending rate (MCLR) to 8.40%, 8.45% and 8.55% for the one, three- and six-month tenures, respectively. The hike for all buckets was 5 basis points. HDFC Bank has hiked its short-term MCLR rates consecutively for the past four months.

However, the private sector lender left the benchmark one-year MCLR unchanged at 8.70%.

HDFC Bank restores old version of its app for users: Here's why it was taken down before
Posted on 5th December 2018
HDFC Bank has restored the old version of its app for Android users as well as for Apple App customers. HDFC Bank had earlier taken down its mobile banking app as it was not working smoothly with some servers.

The HDFC Bank mobile provides access to services like savings accounts, fixed deposits, debit cards, credit cards, demat accounts among other functions to the customers.

HDFC Bank surges nearly 3% post Q2 results
Posted on 22nd October 2018
Shares of HDFC Bank climbed as much as 2.78 per cent in the intra-day deals on Monday to Rs 2,020.45 apiece on BSE after the lender reported a 20.6 per cent rise in its net profit at Rs 50.05 billion for the second quarter ended September this fiscal, as the core income grew at a healthy pace.

The bank had registered a net profit of Rs 41.51 billion in the July-September quarter of 2017-18.

HDFC Bank net up 20.6% to Rs 50 bn in Sep quarter; gross NPAs rise 1.33%
Posted on 20th October 2018
Private lender HDFC Bank on Saturday reported a 20 per cent increase in its net profit to Rs 50.05 billion during the quarter ended September.

The bank's performance was in line with estimates, especially with healthy growth in the net interest income. The private sector lender had registered a net profit of Rs 41.51 billion in the July-September quarter of 2017-18 (FY18).

HDFC puts out notice to auction family house of Sanjay Chandra
Posted on 17th October 2018
New Delhi: As their real estate empire crumbles, Chandras of Unitech may even lose their family home to lenders. Mortgage lender HDFC has put out notices to auction Sanjay Chandra’s house in the upmarket Hauz Khas area in South Delhi.

Unitech managing director Sanjay Chandra grew up in the Mayfair Garden house in Hauz Khas where his mother ran a clinic.

HDFC earns Rs 787 crore from stake sale in mutual fund arm during September quarter
Posted on 4th October 2018
Mortgage lender HDFC Ltd Wednesday said it earned Rs 787 crore from selling stake in the initial public offer (IPO) of HDFC Asset Management Company Ltd. During the September quarter, the proceeds from the stake sale in the IPO of HDFC Asset Management Company after “net of expenses and tax stood at Rs 787 crore”, it said in a filing to the stock exchanges.

On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said
Posted on 5th September 2018
Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge. “I think HDFC is the defining bank of this country. No other bank has lead the space for so many decades. Mr Puri is the most jovial banker I know, talking to him is like learning life lessons beyond financial lessons. I wish I learn just 10% of banking from him, as much he knows,” Vijay Shekhar Sharma told in an interview to ET Now.

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