Sebi asks HDFC Bank to probe WhatsApp earnings leak
Posted on 24th February 2018 |
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The Securities and Exchange Board of India (Sebi) on Friday directed HDFC Bank to probe the alleged leak of its June 2017 quarterly earnings on WhatsApp. The order comes two months after the market regulator passed a similar advisory for Axis Bank. Both cases involved the leak of price-sensitive information over social media groups. |
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2018 Hyundai Elite i20 automatic variant to launch in May 2018
Posted on 23rd February 2018 |
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2018 Hyundai Elite i20 was launched during the 2018 Auto Expo just this month, and as announced by the South Korean brand during the launch of the facelift, the i20 will now soon be available with an automatic gearbox. It comes both in petrol and diesel variants, but while the 1.2-litre petrol came with a five-speed manual and the diesel with a six-speed manual, a CVT version of the Elite i20 will be launched in May 2018. |
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Combined m-cap of listed PSBs slips below that of HDFC Bank
Posted on 23rd February 2018 |
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The combined market value of all listed state-owned banks has plunged below that of just one private lender – HDFC Bank – after a massive sell-off in shares of public sector banks in the wake of the biggest banking fraud in India. The combined market capitalisation of the 21 listed public sector banks on Thursday stood at Rs 4.34 lakh crore, Rs 46,726 crore less than the valuation of HDFC Bank at Rs 4.81 lakh crore. Interestingly, these 21 banks account for about 70% of the total advances of all listed banks, according to Capitaline data. HDFC Bank’s share of advances of this set is about 7.5%. |
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HDFC disburses Rs 28-bn loans to 14k home buyers under urban housing scheme
Posted on 20th February 2018 |
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Mortgage major HDFC has disbursed Rs 28 billion loans to 14,290 home-buyers under the Pradhan Mantri Awas Yojna (Urban) so far, which entails a Central subsidy of Rs 3.02 billion. The Modi government had launched the housing for all by 2022 in June 2015 and the disbursement is from that period. |
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10 bps hike! Signalling an uptrend, HDFC Bank raises MCLR
Posted on 8th February 2018 |
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In a definite indication loans are turning costlier, HDFC Bank on Wednesday raised the marginal cost of funds-based lending rate (MCLR) by 10 basis points for some tenures. The one-year MCLR was raised to 8.2% and matches that at ICICI Bank. However, State Bank of India (SBI) charges a lower 7.95%. Axis Bank, which last month became the first large lender to raise its MCLRs since the pricing mechanism came into effect on April 1, 2016, charges 8.3%. At HDFC Bank, the six-month, two-year and three-year MCLRs are now 8%, 8.3% and 8.5%, respectively. |
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HDFC Q3 net soars 233% on profit from stake sale in insurance arm
Posted on 30th January 2018 |
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Mortgage lender Housing Development Finance Corporation (HDFC) on Monday reported a 233% year-on-year (y-o-y) jump in its standalone net profit for the December quarter at Rs 5,670.21 crore, driven largely by a one-time gain of Rs 3,675.31 crore from the sale of its stake in HDFC Standard Life Insurance Company. Adjusted for the one-time gain, the company’s performance exceeded expectations of analysts, based on Bloomberg collated data. HDFC’s net interest income (NII) for the quarter came in at Rs 2,929 crore against Rs 2,575 crore in the same quarter last year, a rise of 14%. |
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Brokerages cheer HDFC Bank shares, but remain muted on Kotak Mahindra Bank despite stellar Q3 results
Posted on 22nd January 2018 |
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Global brokerage firms Nomura and Macquarie cheered for the shares of HDFC Bank, after India’s leading private lender reported a record quarterly profit, an annual 20.11 per cent growth in net profit at Rs 4,642.60 crore, for the October- December quarter. At the same time, Macquarie has maintained a neutral rating on the shares of Kotak Mahindra Bank, after the bank reported a 28.23% rise on year in consolidated net profit at Rs 1,624.24 crore for the quarter ended December. |
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HDFC Bank becomes first Indian bank to cross Rs5 trillion market cap
Posted on 19th January 2018 |
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Mumbai: India’s most-valued lender HDFC Bank Ltd on Thursday crossed Rs5 trillion market capitalisation for the first time, making it only the third Indian company to achieve this milestone. In intraday trade, the stock touched a fresh record high of Rs1,53.75 on the BSE, up 3.31% from its previous close. The scrip closed at Rs1,931.80, up 2.15% with a market cap of Rs5 trillion. |
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HDFC Bank market cap crosses Rs 5-trillion mark first time
Posted on 18th January 2018 |
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HDFC Bank saw its market capitalisation (market-cap) crossing Rs 5-trillion after the share price of the bank hit a new high on Thursday. The country’s private sector lender becoming the third firm after Reliance Industries (RIL) and Tata Consultancy Services (TCS) to achieve this milestone. At 10:27 AM; HDFC Bank was rading 3% higher at Rs 1,949, have a market-cap of Rs 5.04 trillion, the BSE data shows. RIL was at number one rank with a market-cap of Rs 5.84 trillion, followed by TCS, which have market-cap of Rs 5.5 trillion. |
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HDFC takes centre stage
Posted on 16th January 2018 |
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Mumbai: Shares of HDFC on Monday soared above 6 per cent with its market capitalisation zooming over Rs 17,300 crore as investors cheered the company's fund raising plans. On the BSE, the shares of the country's largest housing finance company hit a record high during intra-day trades. |
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