HDFC Bank

Top insurers have parked nearly a fourth of their AUM in the top 10 stocks, reveals an analysis by Nuvama Institutional Equities

Eight of the top 10 valued firms added Rs 82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities. Last week, equity markets were closed on Tuesday (April 4) for 'Mahavir Jayanti' and on Friday (April 7) on account of 'Good Friday'. The 30-share BSE Sensex climbed 841.45 points or 1.42 per cent in the holiday-shortened week. Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation. From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 9,29,752.54 crore. HDFC's market valuation surged Rs 18,877.55 crore to Rs 5,00,878.67 crore. Bharti Airtel added Rs 9,533.48 crore taking its valuation to Rs 4,27,111.07 crore. The market capitalisation (mcap) of Reliance Industries rallied Rs 6,731.76 crore to Rs 15,83,824.42 crore and that of TCS climbed Rs 5,81

With everything going well, lenders should be turning cautious. But recent full-yr results show an opposite trend: Provisions for future loan losses are beginning to decline. This may not be prudent

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The expansion of India's services sector for the 20th straight month further boosted sentiment

This is the highest in a three-month period since merger announcement with HDFC Ltd

Stocks to Watch: ONGC, Oil India, Reliance will be in focus as the Centre has slashed windfall tax on domestically produced crude oil to nil from Rs 3,500 a tonne, effective from April 4

The lenders' CASA deposits grew by 11.3% to Rs 8.03 trillion

Private sector lender HDFC Bank on Monday said it has recorded a 16.9 per cent increase in credit growth at Rs 16 lakh crore at the end of the March quarter. The bank had an outstanding credit at Rs 13.6 lakh crore at the end of March 31, 2022, HDFC Bank said in a regulatory filing. On a sequential basis, the bank posted a 6.2 per cent growth compared to the amount of Rs 15.06 lakh crore at the end of 2022 December quarter. As per the bank's internal business classification, domestic retail loans grew around 21 per cent compared to the end of March 2022 and about 5 per cent compared to the end of December 2022. Commercial and rural banking loans grew around 30 per cent over March 31, 2022 and about 9.5 per cent compared to December 31, 2022. Corporate and other wholesale loans rose around 12.5 per cent over March 31, 2022 and around 4.5 per cent over December 31, 2022, it said. The bank's deposits aggregated to approximately Rs 18.83 lakh crore as of March 31, 2023, a growth of a

Mortgage lender HDFC Ltd on Monday said its board has approved raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore. The board has cleared issuance of unsecured, redeemable, non-convertible debentures under a Shelf Placement Memorandum, aggregating Rs 57,000 crore, in various tranches, on a private placement basis, HDFC said in a regulatory filing. This is in accordance with the approval granted by the shareholders of the HDFC at the 45th annual general meeting held on June 30, 2022, it said. Besides, it said, "the board has approved increase in the overall borrowing powers of the corporation from Rs 6 lakh crore to Rs 6.50 lakh crore, outstanding at any point of time and recommended the same for approval of the members of the corporation by way of postal ballot." The decision was taken since the outstanding borrowings of HDFC as on date is approximately Rs 5.70 lakh crore and it would need to borrow further for its business purposes ti

During FY23, HDFC Bank was the only private sector lender that raised capital using AT1 bonds

Merger expected to be completed by this July

HDFC Bank awaiting clarity from the RBI on forbearances as merger gets last regulatory approval

Outbound M&A activity increased 31.6% year-on-year to hit $9.8 billion

Analysts expect the underperformance in bank stocks to continue ahead as the current fears around the banking sector globally are likely to persist for some time

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HDFC Bank, Singapore's GIC and Societe Generale among buyers of about 120 mn shares; analysts say Blackstone exit removes a key overhang for the Sona stock

The sell-off in the banking pack, analysts said, was a knee-jerk reaction to the developments with US-based Silicon Valley Bank (SVB) that announced a share sale to shore up its finances

To take on Google Pay, PhonePe with new PayZapp

After reports surfaced that personal information of nearly 6 lakh customers of HDFC Bank was allegedly leaked on the Dark Web, the bank said on Tuesday there has been no data leak of its customers