housing development finance corp

HDFC Bank: HDFC Bank posts bigger-than-expected jump in Q1 profit – Times of India

by

[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

Idfc: IDFC First Bank slips, IDFC hits record high after merger approval – Times of India

by

[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