This would pave way for minimal payments downtime
The bank proposes to nearly double its network of branches in the next three to five years by opening 1,500 to 2,000 branches every year: CEO Sashidhar Jagdishan.
The four distressed accounts include Subhash Chandra-promoted Siti Networks
Moves follow RBI's 90-bp repo rate increase in a little over a month
In the financial sector, Wood now holds SBI, Bajaj Finance, ICICI Prudential Life, ICICI Lombard and CAMS besides HDFC Bank in his India long-only equity portfolio.
Merchants and other entities that have stored card details of customers will have to purge the data and apply tokenisation
HDFC Bank has hiked its MCLR by 60 basis points since the Monetary Policy Committee (MPC) hiked the benchmark policy rate by 40 basis points in early May
Says India could double the size of home loan business to $600 billion in 5 years
The board of directors of HDFC and HDFC Bank on April 4 had approved the plan for an all-stock deal merger
CEO Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double balance sheet every five years
Stocks to Watch Today: AU Small Finance Bank will be in focus as the company has set June 10 as the record date for the proposed 1:1 bonus issue.
The Bajaj and HDFC twins can rally up to 8 per cent provided the stocks manage to sustain above the following key technical levels on the daily and weekly charts.
The market valuation of HDFC Bank jumped Rs 39,358.5 crore to reach Rs 7,72,514.65 crore
The same number had stood at $12.91 billion in the year-ago period and $8.7 billion in 2020, the report by Grant Thornton Bharat said
In a Q&A, Srinivasan Vaidyanathan says the lender expects to reduce employee turnover at the junior level with the introduction of RSUs
If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.
Here is the Best of BS Opinion for Monday
There won't be instant gratification for investors but the move will catapult the bank into the big league
Non-banking financial companies may have entered a comfort zone years after having been put through the wringer
FPIs have sold shares worth Rs 1.6 trn in domestic equities market so far this year. Historically, foreign investors have had high exposure to both HDFC Bank and HDFC