[ad_1] NEW DELHI: Country’s biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank making it the second biggest lender after State Bank of India.During the first … Read more
[ad_1] NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore … Read more
[ad_1] BENGALURU: Indian shares closed higher on Tuesday, advancing for the fourth session in a row, as gains in IT stocks and by Reliance Industries offset a broad sectoral decline.The Nifty 50 rose 0.19% to 19,749.25, while the S&P BSE Sensex gained 0.31% to 66,795.14. Both benchmarks rose over 0.5% during the session to hit … Read more
[ad_1] HDFC Bank Share Price Post Q1 Analysts largely maintained their ‘Buy’ rating on the stock but said a successful merger transition; Know target price, analyst verdict HDFC Bank Share Price: With the exception of a slight sequential miss on asset quality front, HDFC Bank released a positive scorecard for the April-June quarter of the … Read more
[ad_1] Stocks to Watch on July 18 Stocks to watch: Shares of firms like IndusInd Bank, ICICI Pru, HDFC Bank, Patanjali Foods, IOC, and others will be in focus on Tuesday’s trade. Stocks to Watch on July 18: Nifty futures traded 1.5 points, or 0.01 per cent, lower at 19,778, signaling that Dalal Street was … Read more
[ad_1] NEW DELHI: The mega-merger of the HDFC Bank and its parent company the Housing And Development Finance Corporation (HDFC) was one of the biggest news from the banking sector recently. The merger has made HDFC the 4th largest bank in the world and brought the spotlight back on Hasmukh Thakordas Parekh – the man … Read more
[ad_1] MUMBAI: HDFC Bank, India’s largest private lender, on Monday reported a bigger-than-expected 30% jump in first-quarter profit, helped by higher net interest income (NII) and strong loan growth.The lender’s standalone net profit was at 119.52 billion rupees ($1.46 billion), up from 91.96 billion rupees a year ago. Analysts had expected a profit of 114.97 … Read more
[ad_1] On July 1, HDFC Ltd merged with HDFC Bank, creating the biggest private sector lender. New Delhi: Private sector lender HDFC Bank on Wednesday said it has registered a 15.8 per cent rise in loans to Rs 16,15,500 crore in the first quarter of current fiscal year. The credit book was Rs 13,95,000 crore … Read more
[ad_1] MUMBAI: A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country.Housing Development Finance Corp’s all-stock merger into HDFC Bank Ltd, which created one of the most valuable banks in the world, has about 18 advisers who got credit … Read more
[ad_1] Shares of private lender IDFC First Bank fell as much as 6% on Tuesday, while those of IDFC rose as much as 6% after the bank’s board on Monday approved a reverse merger of the two firms in a bid to simplify their corporate structure and ease regulatory compliance.Under the proposed deal, non-bank lender … Read more