Friday, December 27

Tag: HDFC Bank

HDFC Bank opens branch in Kavaratti island, 1st private lender to do so | Company News
10Apr By adminNo Comments
Business

HDFC Bank opens branch in Kavaratti island, 1st private lender to do so | Company News

HDFC Bank | Image credits: Bloomberg Largest private sector lender HDFC Bank on Wednesday inaugurated a branch in Lakshadweep's Kavaratti island. The bank becomes the first private sector lender to have a presence in Lakshadweep, according to a statement. The bank seeks to serve customers wherever they are and looks forward to serving the financial needs of individuals, families, and businesses in Lakshadweep, the bank's retail branch banking group head S Sampathkumar said. The branch was inaugurated by Captain Lovekesh Thakur, Commanding Officer, Indian Navy and K P Muthukoya, a well-known resident, in the presence of bank officials, the statement said.(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest ...
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HDFC Bank goes live with NPCI-developed UPI in secondary market platform
1Jan By adminNo Comments
Business

HDFC Bank goes live with NPCI-developed UPI in secondary market platform

On December 29, the NPCI had said the 'UPI for secondary market' facility will go live from January 1 in the Beta phase for the equity cash segment, with support from clearing corporations, stock exchanges, depositories, stockbrokers, banks, and UPI app providers. (Photo: Bloomberg) HDFC Bank has executed transactions via the NPCI's UPI payments app as part of the 'UPI for secondary market' facility, which which went live on Monday, the lender said in a statement. The move follows markets regulator Sebi allowing the facility through the UPI app developed by the National Payment Corporation of India (NCPI). Effective January 1, Sebi and the stock exchanges permitted trading in the cash segment through block mechanism, on an optional basis, for the secondary market on th...
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Mcap of 8 of top-10 most valued firms jump Rs 1.29 lakh crore; HDFC Bank biggest gainer
31Dec By adminNo Comments
Business

Mcap of 8 of top-10 most valued firms jump Rs 1.29 lakh crore; HDFC Bank biggest gainer

NEW DELHI: The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally.Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28.Equity markets were closed on Monday for Christmas.While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards.HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack.The market valuation of HDFC Bank jumped Rs 29,828.84 crore to Rs 12,97,972.04 cro...
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M-cap of 8 of top-10 valued firms jump Rs 1.29 trn; HDFC biggest gainer
31Dec By adminNo Comments
Business

M-cap of 8 of top-10 valued firms jump Rs 1.29 trn; HDFC biggest gainer

HDFC Bank | Image credits: Bloomberg The combined market valuation of eight of the top-10 most valued firms jumped Rs 1,29,899.22 crore in a holiday-shortened last week, where equity benchmark indices recorded a sharp rally. Last week, the BSE benchmark jumped 1,133.3 points or 1.59 per cent. The index reached its all-time high of 72,484.34 on December 28. Equity markets were closed on Monday for Christmas. While Reliance Industries, HDFC Bank, ICICI Bank, Hindustan Unilever, Bharti Airtel, ITC, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS) and Infosys were the laggards. HDFC Bank, LIC, Bharti Airtel and Hindustan Unilever were the biggest winners from the top-10 pack. The market...
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M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers
10Dec By adminNo Comments
Business

M-cap of 7 most valued cos add Rs 3.04 trn; HDFC Bank, LIC biggest gainers

The combined market valuation of seven of the 10 most valued firms climbed Rs 3,04,477.25 crore last week, with HDFC Bank and LIC emerging as the biggest gainers amid an overall optimistic trend in equities. Last week, the BSE benchmark rallied 2,344.41 points or 3.47 per cent. On Friday, the 30-share BSE Sensex rose 303.91 points, or 0.44 per cent, to hit its new peak of 69,825.60. The index touched the highest intra-day level of 69,893.80. HDFC Bank, Life Insurance Corporation of India (LIC), ICICI Bank, Tata Consultancy Services, and Reliance Industries were among the companies that recorded additions in their market valuation. HDFC Bank's valuation soared by Rs 74,076.15 crore to Rs 12,54,664.74 crore. The market capitalisation (mcap) of Life Insuran...
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Sensex up 250 pts; Adani Group, TaMo, Bajaj twins shine
28Nov By adminNo Comments
Business

Sensex up 250 pts; Adani Group, TaMo, Bajaj twins shine

Stock market LIVE updates: Benchmark indices exhibited lacklustre movement in trades on Tuesday even as select sectors were buzzing with solid gains. Oil & Gas and Power in particular, thanks largely to the Adani Group shares, logged strong gains.The S&P BSE Sensex quoted around 66,050 levels, up nearly 100 points, while the Nifty50 tested the 19,850-level.   The broader markets continued to exhibit strength with the BSE MidCap and SmallCap indices rising up to 0.18 per cent.  Among other sectoral indices, the Nifty Metal index added 1.15 per cent, while the Nifty IT index fell 0.5 per cent. Buzzing stocks DLF: Shares fell 1.6 per cent after the Enforcement Directorate searched the premises of the realty major in Gurugram as part of a money la...
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Sensex gains 300 pts, Nifty at 19,800; Bajaj twins lead
17Oct By adminNo Comments
Business

Sensex gains 300 pts, Nifty at 19,800; Bajaj twins lead

Opening Bell: Firm global cues lifted Indian benchmarks by up to 0.56 per cent in early deals on Tuesday, led by HDFC Bank, Bajaj twins, Tata Steel, Wipro, Tech M, SBI, Axis Bank, and Titan Company. The S&P BSE Sensex quoted at 66,535 levels, with gains of 368 points, while the Nifty50 hovered above 19,800-mark.  The broader markets, meanwhile, extended their winning run with the BSE MidCap and SmallCap indices gaining 0.48 per cent and 0.83 per cent, respectively. Among sectors, all the key indices were in the green with the Nifty PSU Bank index up 0.8 per cent, followed by the Nifty Financial Services and Metal indices (up 0.7 per cent each), and the Nifty Media index (up 0.5 per cent).
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HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details
16Oct By adminNo Comments
Business

HDFC Bank Q2 Results: Net Profit Jumps 50% To Rs 15,976 Crore, Check Details

HDFC Bank has declared its Q2 financial results.HDFC Bank Q2 Results: Its net interest income during the September 2023 quarter stands at Rs 27,385 croreHDFC Bank, India’s largest private sector bank, on Monday reported a 50 per cent year-on-year jump in its net profit to Rs 15,976.11 crore for the July-September 2023 quarter. It is the first financial result since the merger with Housing Development Finance Corporation (HDFC).On a quarter-on-quarter basis, net profit rose 33.7 per cent. The bank’s gross non-performing assets (NPA) deteriorated to 1.34 per cent in the reporting quarter.HDFC Bank’s net interest income — interest earned less interest expended — jumped 30.3 per cent to Rs 27,385 crore during the quarter ended September 30, 2023. It had stood at Rs 21,021 crore, according to ...
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Sensex rises as mkts see no big impact from conflict
10Oct By adminNo Comments
Business

Sensex rises as mkts see no big impact from conflict

MUMBAI: Dalal Street discounted possible repercussions of the conflict in West Asia as strong buying by domestic players gave the sensex a 567-point push to close at 66,079 on Tuesday. Although foreign investors remained net sellers, the sensex's gain during the day, most of which came in the later half of the session, was attributed to short-covering by speculators. Fall in crude oil prices also helped investor sentiment, market players said.Stocks from across sectors contributed to the day's gain in the sensex with ICICI Bank, Infosys and HDFC Bank contributing the most.Foreign investors were net sellers at a little over Rs 1,000 crore while domestic institutions were net buyers at Rs 1,963 crore, BSE data showed.Brokers and dealers expect the sensex to build on Tuesday's gains on Wedne...
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8 of top 10 firms lose Rs 2.28 lakh crore in mcap; HDFC Bank, Reliance biggest laggards
24Sep By adminNo Comments
Business

8 of top 10 firms lose Rs 2.28 lakh crore in mcap; HDFC Bank, Reliance biggest laggards

NEW DELHI: The combined market valuation of eight of the 10 most valued firms plunged by Rs 2,28,690.56 crore in a holiday-shortened last week, with HDFC Bank and Reliance Industries taking the biggest hit, amid an overall weak trend in equities.Last week, the BSE benchmark fell 1,829.48 points or 2.69 per cent, and the Nifty declined 518.1 points or 2.56 per cent.Equity markets were closed on Tuesday on account of Ganesh Chaturthi.From the top-10 pack, Reliance Industries, HDFC Bank, ICICI Bank, Infosys, ITC, State Bank of India, Bharti Airtel and Bajaj Finance were the laggards while Tata Consultancy Services (TCS) and Hindustan Unilever were the gainers.The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore. Shares of the company fell by nearly 8 per...
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