HDFC Bank hikes short-term MCLRs by 5 bps
Posted on 8th December 2018 |
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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%. |
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HDFC Bank restores old version of its app for users: Here's why it was taken down before
Posted on 5th December 2018 |
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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. |
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HDFC Bank surges nearly 3% post Q2 results
Posted on 22nd October 2018 |
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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. |
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HDFC Bank net up 20.6% to Rs 50 bn in Sep quarter; gross NPAs rise 1.33%
Posted on 20th October 2018 |
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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). |
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HDFC puts out notice to auction family house of Sanjay Chandra
Posted on 17th October 2018 |
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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. |
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HDFC earns Rs 787 crore from stake sale in mutual fund arm during September quarter
Posted on 4th October 2018 |
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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. |
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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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