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HDFC Bank shortlists three startups inDigital Innovation Summit
Posted on 13th May 2019
HYDERABD: HDFC Bank on Monday said three start-ups from the city - Loop Reality, BluSapphire and Appnovation Technology - were declared winners at its regional Digital Innovation Summit (DIS).

According to a press release from HDFC Bank WorkApps, a start up from Pune was the fourth winner picked by the bank after the one-day event held here.

HDFC cashback lunges Samsung Galaxy S10e deeper into OnePlus 6T territory
Posted on 29th April 2019
Samsung on Saturday announced an offer in collaboration with HDFC Bank on its latest flagship series, the Samsung Galaxy S10. Buyers can get up to ₹14,000 cashback on purchase of Samsung Galaxy S10 devices.

The Samsung Galaxy S10e is available at an effective price of ₹46,900, thanks to an instant cashback of ₹5,000 as well as a cashback of ₹4,000 if the purchase is made using HDFC debit or credit card.

HDFC Bank struggles with farm loan portfolio for the third year
Posted on 25th April 2019
HDFC Bank’s asset quality struggles with its agri-loan portfolio may well enter its third year in 2019-20, with the country’s largest private-sector lender already making provisions against future loan losses. In a conference call with analysts after HDFC Bank’s March quarter results, CFO Sashidhar Jagdishan said the bank has been providing for agri-related delinquencies for the last few quarters.

HDFC Bank fourth-quarter profit up 22.6 per cent to record high
Posted on 22nd April 2019
India’s HDFC Bank Ltd reported a record quarterly net profit of 58.85 billion rupees (USD 848 million) on Saturday, meeting market expectations as the country’s biggest lender by market value raked in higher interest and fee income.

The bank also said its board had approved raising up to 500 billion rupees by issuing debt over the next 12 months.

Private Banks, Reliance Industries, Infosys take Sensex to new high
Posted on 1st April 2019
A sharp rally in three private sector banks – HDFC Bank, ICICI Bank and Axis Bank – that have gained over 10 per cent each from their August 29, 2018 level helped the benchmark index S&P BSE Sensex breeze past the 39,000 mark and hit a new high on Monday. The benchmark index surpassed its previous high of 38,990 recorded on August 29, 2018 in intra-day deals.

The Nifty50, too, breached the 11,700 level for the first time since September 2018 to hit an intra-day high of 11,716.

Valuation no bar, HDFC Bank could hit more highs, say market players
Posted on 18th March 2019
MUMBAI: HDFC Bank, which breached the Rs 6 lakh-crore market capitalisation threshold last week and ranks in the list of the planet’s most expensive lenders, provides investors an opportunity to buy into the stock now because of its increasingly low-cost liabilities, robust asset quality, and stable margins.

HDFC Bank crosses milestone
Posted on 14th March 2019
HDFC Bank, the country’s most valuable lender, on Wednesday achieved a key milestone on the bourses — when the market capitalisation of its share crossed the Rs 6 trillion (lakh crore) mark.

The private sector bank becomes the third company after Reliance Industries and Tata Consultancy Services to achieve this feat.

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.

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