Page 16 - Hdfc Bank

Why top lenders are laying the groundwork for digital-only banks

SBI is revamping its mobile application to turn to a complete digital bank, which will be named 'Only Yono'. HDFC Bank is working on a similar plan. What does this mean for future for banking?

Recouping lost credit card share to be 'gradual', says HDFC Bank

Analysts expect the bank's underperformance to reverse

HDFC Bk: Analysts eye new launches as RBI lifts curb on digital initiatives

In December 2020, RBI had imposed restrictions on HDFC Bank on issuing new credit cards, and introducing new digital initiatives due to concerns over recurring IT-system outages

HDFC Bank gains 3% as RBI lifts restrictions on new digital initiatives

This moves comes as a positive for HDFC Bank as this will paddle growth opportunities, said brokerage ICICI Securities.

RBI lifts all restrictions on HDFC Bank's new digital launches

'Reserve Bank of India has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme,' announced HDFC Bank

HDFC Bank says RBI has lifted all curbs on bank's new digital launches

'Reserve Bank of India has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme,' announced HDFC Bank

Strong recovery seen as bounce rates ease further in Feb; lowest in 32 mths

According to NACH data, the metric improved by 100 bps by value over Jan, to 22.4%. By volume, it stood at 29.2%, an improvement of 40 bps over Jan

HDFC Bank aims to recoup credit card spend market share loss

Since August 2021, HDFC Bank's market share - in terms of spend - is down 170-basis points (bps).

SBI appoints Nitin Chugh as DMD to lead digital banking operations

Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.

SBI appoints Nitin Chugh as DMD to lead digital banking operations

Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.

SBI appoints Nitin Chugh as DMD to lead digital banking operations

Chugh would be responsible for driving growth of customer acquisitions through digital channels, along with defining and implementing digital strategies.

Indian retail investors can trade in select US stocks via NSE-IFSC platform

The trading in unsponsored depositary receipts -- NSE IFSC Receipts -- has been launched in association with HDFC Bank, under the regulatory sandbox framework prescribed by the IFSCA

HDFC Bank dips 5%, nears 52-week low; stock down 10% in one week

The stock has underperformed post management change, more so due to the RBI's embargo on its card/ digital initiatives and Covid-induced disruption.

NHPC inks pact with HDFC Bank to monetise RoE of Chamera-I Power Plant

State-owned NHPC on Thursday said it has inked a pact with HDFC bank to securitise return on equity of its 540-MW Chamera-I Power Plant in Himachal Pradesh for 10 years. "NHPC Ltd has signed a facility agreement today i.e. February 24, 2022, (on Thursday) with HDFC Bank Ltd to securitise the return on equity of Chamera-I Power Station (3 X 180 MW), Himachal Pradesh, for a tenor of 10 years," according to a BSE filing. The amount of the securitisation facility has been arrived Rs 1,016.39 crore or 5.24 per cent per annum discounting rate linked with three-month T-bills. In December 2021, NHPC's board had approved the proposal for monetisation by securitisation through bidding process of return on equity (RoE) of Chamera-1 Power Station (3 X 180 MW), Himachal Pradesh, and further to monetise RoE of one or more power stations for 5 or 10 or 15 years in one go or rollover.

Stocks to Watch: Airtel, Indiabulls Housing, Panacea Biotec, Tata Power

Panacea Biotec may see some action on plans to launch a comprehensive coronavirus vaccine in association with THSTI.

SAT quashes Sebi order against HDFC Bank for invoking pledged shares

Market regulator had fined lender Rs 1 cr for flouting directions in an interim order dated October 7, 2019; also directed bank to deposit Rs 159 cr along with 7% interest

SAT dismisses Sebi order against HDFC Bank in BRH Wealth Kreators case

In its order on Friday, SAT said the bank was justified in invoking the pledge made by the broker BRH

HDFC Bank non-executive director Srikanth Nadhamuni resigns from board

HDFC Bank on Friday said Srikanth Nadhamuni has resigned as a director from its board, citing potential future interests.

Rate cycle turns as commercial banks hike fixed deposit rates

Commercial banks in India have revised their deposit rates upward by 5-15 bps in an indication that the interest rate cycle has turned amid uptick in loan demand

Greater confidence now of co-existing with virus: HDFC Deepak Parekh

HDFC Chairman Deepak Parekh said after almost two years into the pandemic, there is now greater confidence of co-existing with the virus and the optimism of a return to near normalcy.