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HDFC Bank shares gain 3% on strong loan growth in June quarter
Posted on 6th July 2020
Shares of HDFC Bank rose 3 per cent to Rs 1,110 on the BSE on Monday after the bank reported strong loan growth of 21 per cent year on year (y-o-y) at Rs 1.04 trillion for the first quarter of financial year 2020-21 (Q1FY21).

The Bank’s advances aggregated to approximately Rs 1.04 trillion as of June 30, 2020, a growth of around 21 per cent as compared to Rs 8,297 crore as of June 30, 2019 (Rs 9,937 crore as of March 31, 2020), HDFC Bank said in an exchange filing.

Sensex jumps 700 points in opening session, Nifty at 8,952.70
Posted on 9th April 2020
Stocks traded in the green in the opening session on Thursday as market benchmark SENSEX jumped over 700 points and stood at 30,619.77, amid strong investment. Meanwhile, Nifty rose more than 200 points to 8,952.70.

Sensex components like HDFC, ICICI Bank, ONGC, Tech Mahindra, Axis Bank, and Hero MotorCorp were trading on a positive note. All NSE components were trading in the green, with Nifty Pharma and Financial Services gaining the highest.

Sensex crashes over 1,900 points on opening, Nifty below 9,500
Posted on 16th March 2020
Indian benchmark indices Sensex and Nifty extended their opening loses on Monday with the former losing 1950 points or 5.72% and the latter shedding 440 points or 4.43%.

About 190 shares have advanced, 730 shares declined, and 62 shares are unchanged.

HDFC Bank slips over 1% as Q3 provisions rise; analysts maintain 'Buy'
Posted on 20th January 2020

Shares of private lender HDFC Bank declined 3.4 per cent from day's high to hit an intra-day low of Rs 1,258.75 on the BSE on Monday as investors turned cautious after it reported sharp spike in the provisions during the October-December quarter of the current fiscal (Q3FY20).

The bank's provisions, including those for bad loans and contingencies, grew a whopping 37.6 per cent to Rs 3,043.6 crore in Q3FY20, from Rs 2,211.5 crore reported in the year ago quarter. The increase in specific loan loss provisions jumped by 66.2 per cent to Rs 2,883.6 crore in the quarter from Rs 1,734.6 crore the previous year.

HDFC Bank up over 2% on December quarter operational performance
Posted on 7th January 2020

Shares of HDFC Bank climbed 2.5 per cent to Rs 1272 apiece on the BSE on Tuesday after the largest private sector lender reported strong business growth in the December quarter (Q3FY20).

The bank’s total advances grew by 20 per cent year on year (YoY) to Rs 9.34 trillion in Q3FY20, driven by festive season demand. Total advances stood at Rs 7.81 trillion in Q3FY19 and at Rs 8.97 trillion in September 2019 quarter (Q2FY20).

SBI, PNB, Axis, HDFC Bank, ICICI or any other bank’s customer? Check new NEFT timings
Posted on 16th December 2019

NEFT Timings: Customers of SBI, HDFC Bank, Axis Bank, Punjab National Bank, ICICI Bank or any other commercial lender can do National Electronic Funds Transfer (NEFT) transactions 24×7 from today. The facility will now be available on any day of the week or month, including holidays. The Reserve Bank of India (RBI) has allowed this facility to be available at all times throughout the year.

For smooth settlement of NEFT transactions, the RBI has decided to provide additional collateralised intra-day liquidity facility.

HDFC Life Insurance hits new high after multiple block deals
Posted on 30th October 2019
Shares of HDFC Life Insurance hit a new high of Rs 634, up 4 per cent on the BSE in the early morning deals on Wednesday after nearly 5 per cent of total equity of insurance company changed hands through block deals. The stock bounced back 10 per cent from its opening low of Rs 575 on the BSE. It surpassed its previous high of Rs 626, touched on October 23, 2019.

At 09:15 am, around 101.87 million equity shares, representing 5 per cent of total equity of HDFC Life, changed hands via block deals on the BSE, the exchange data shows. The name of the buyers and sellers were not ascertained immediately.

HDFC cuts retail prime lending rate by 10 bps
Posted on 15th October 2019
Mortgage major Housing Development Finance Corporation on Monday reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points, making loans cheaper for all its existing customers.

The RPLR, on which its adjustable rate home loans are benchmarked, would be reduced by 10 basis points from October 15, 2019, according to a press statement. New rates offered by the lender will now range from 8.25% to 8.65%.

HDFC Bank shines among peers, but is a duller version of its own past
Posted on 10th October 2019
There is no doubt that investors love HDFC Bank Ltd. The island of safety the stock offered during the past three volatile weeks is a reflection of the private sector lender’s strong balance sheet.

Its exposures to major troubled assets are a shadow of its peers and it seems HDFC Bank made all the right decisions in lending. After all, its gross bad loans totalled just ₹11,769 crore as of June quarter.

Banks have turned risk averse, says HDFC chairman Deepak Parekh
Posted on 3rd August 2019
A day after Larsen & Toubro (L&T) chairman AM Naik raised concerns of challenging times for the private sector, Housing Development Finance Corporation (HDFC) chairman Deepak Parekh took a similar stand, saying banks have turned risk averse and that there is a distinct slowdown in the economy.

“The challenge today is risk aversion. Banks are reluctant to lend.

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