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 |
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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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HDFC plans special situations fund to invest in stressed realty projects
Posted on 20th August 2018 |
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Bengaluru: Housing Development Finance Corp. Ltd (HDFC), India’s largest mortgage lender, is setting up a new venture to raise capital for a special situations fund that will invest in stressed projects in real estate. HDFC, which will be a sponsor to the fund, is in talks with investors to raise capital through the alternative investment fund (AIF) route. |
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HDFC Bank launches 15,500 crore share sale
Posted on 31st July 2018 |
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Mumbai: HDFC Bank Ltd, India’s biggest private sector lender, has launched a share sale to raise up to ₹15,500 crore from domestic and foreign institutional investors. The fundraiser will comprise a mix of a qualified institutional placement (QIP) and American depository receipts (ADR), the company informed stock exchanges. Only domestic institutional investors will participate in the QIP. |
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HDFC Bank’s loan advances in Q1 are three times more than Modi’s PSU bank recap budget; find out more
Posted on 9th July 2018 |
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HDFC Bank’s loan advances are up nearly Rs 7.09 lakh crore as of June 30 this year compared to Rs 5.8 lakh crore in the corresponding period last year and Rs 6.5 lakh crore as of March 2018, Bank said in the filing. It is more than three times of Rs 2.11 lakh crore what the government last year had announced for bank recapitalisation plan of state-owned lenders weighed down by bad loans. The deposits aggregated nearly Rs 8.6 billion at June end. |
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HDFC Bank most valuable bank in the emerging market outside China
Posted on 6th July 2018 |
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HDFC Bank has gone past Russia's Sberbank to become the most valuable bank in the emerging market outside China. HDFC Bank’s current market capitalisation is $78.4 billion against Sberbank's $74.4 billion. Chinese banks are leading the pecking order in the emerging market, with Industrial & Commercial Bank of China topping the list with a market cap of $273.4 billion, followed by China Construction Bank ($225.1 billion). |
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HDFC to launch $600-m housing fund, NIIF may commit $100 million
Posted on 30th June 2018 |
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Mortgage lender HDFC is set to launch a $600-million equity fund, targeting investments in middle income, urban and affordable housing. Of the total corpus, the National Infrastructure Investment Fund (NIIF) is in talks with HDFC to commit $100 million. To be managed by its real estate investment advisory arm HDFC Capital Advisors, this will be the lender’s second equity fund in the housing space. |
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HDFC Bank may rely on Indian market for $2.3 billion share sale
Posted on 18th June 2018 |
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Mumbai: HDFC Bank Ltd, the world’s most expensive major lender, is considering relying entirely on the Indian market for a share sale that could raise as much as Rs 15,500 crore ($2.3 billion), people with knowledge of the matter said. The Mumbai-based bank is weighing seeking all the capital through a qualified institutional placement in India, rather than its usual practice of splitting the fund-raising between an offering of local stock and a sale of American depositary receipts, according to the people. |
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WILL USE CAPITAL FUNDS TO GROW IN RURAL, SEMI-URBAN POCKETS: HDFC
Posted on 15th June 2018 |
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A day after getting the Government’s nod to raise up to Rs 24,000 crore capital, private sector lender HDFC Bank on Thursday said it will use the funds to grow in semi-urban and rural pockets. “The additional capital will go a long way in supporting our growth plans over the next few years, especially in semi-urban and rural India,” its deputy managing director Paresh Sukthankar said in a video message. |
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HDFC 5th biggest consumer financial services company globally: Forbes
Posted on 14th June 2018 |
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Housing finance major HDFC has been ranked as the 5th biggest public company globally in the 'consumer financial services category' on a list compiled by Forbes magazine. American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list. |
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Microsoft-GitHub deal: Impressed by Satya Nadella, GitHub preferred Microsoft over going public
Posted on 4th June 2018 |
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Microsoft Corp. has agreed to acquire GitHub Inc., the code repository company popular with many software developers, and could announce the deal as soon as Monday, according to people familiar with the matter. GitHub preferred selling the company to going public and chose Microsoft partially because it was impressed by Chief Executive Officer Satya Nadella, said one of the people, who asked not to be identified discussing private information. |
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