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.

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%.

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.

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.

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.

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.

Second largest private sector lender HDFC Bank expects an uptick in GDP growth in FY19 to 7.3 per cent from the 6.5 per cent estimated for FY18, expecting a rural push by Government and rise in consumption.

"We expect GDP growth to pick up to 7.3 per cent in FY19 and the gross value added growth to stand at 7.1 per cent," its economists said in a note.

The benchmark BSE Sensex recovered by over 123 points in early trade on Thursday, halting its three- session falling streak on fresh spell of buying in recent losers amid positive Asian cues.

The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions.

The second-largest private sector lender, HDFC Bank, would be raising up to Rs 24,000 crore in equity, its board approved on Wednesday.

If the entire amount is raised, it would be the biggest fundraising exercise by any Indian company ever. Coal India had raised Rs 22,613 crore through offer for sale in January 2015. Around that time, in February, HDFC Bank itself had raised Rs 9,840 crore through qualified institutional placement (QIP) and American Depositary Receipts (ADRs).

India’s most valuable lender HDFC Bank on Wednesday approved a mega-fundraising plan of Rs 24,000 crore to fund its growth. HDFC Bank had grown multifold in recent past as the bank has surpassed age-old financial conglomerate ICICI Bank in terms of assets and market capitalisation and is now is India’s second-biggest lender by assets behind India’s biggest bank State Bank of India. HDFC Bank has said that it would raise up to Rs 24,000 crore to fund its growth by selling shares to domestic and international investors including a preferential issue to its parent company HDFC Ltd.

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