Page 30 - Hdfc Bank

HDFC Bank, RIL help Sensex settle 478 pts higher; Nifty ends at 11,385

All that happened in the markets today

Class-action suit planned as HDFC Bank is accused of misleading investors

HDFC Bank said it was not aware of any lawsuit and prima facie it looked 'frivolous as we believe we have been transparent in our disclosures'.

Lot has been done, but best of HDFC Bank yet to come, says Aditya Puri

Puri expressed satisfaction that he was passing on the baton to Sashidhar Jagdishan, who is the "worthiest person" to lead the bank

Covid-19: Axis Bank, HDFC raise Rs 10,000 cr each via QIPs to absorb risk

Recently, many private sector lenders have raised funds to create a buffer so that they are in a position to absorb any kind of shock emanating from the pandemic

Top headlines: BSE revises circuit limit, US orders TikTok ban in 45 days

Here are the top headlines of the day

HDFC Bank's delayed reports to draw in Indian regulator

The local unit of Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans

Aditya Puri's iron hand approach has led to high profit, wealth creation

Delivering steady profit growth in high teens is the hallmark of his stint spanning 26 years

Sashidhar Jagdishan to succeed Aditya Puri; brokerages bullish on HDFC Bank

Most brokerages have given a thumbs-up to the development, saying the appointment of an internal candidate will make the transition and subsequent handling of operations at the bank easier

Street has high hopes from HDFC Bank's new MD-CEO Sashidhar Jagdishan

Smooth transition, past experience are positives, say experts

Banking on continuity

Mr Puri's successor has to match his stellar track record

Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank CEO

He joined the Bank in the 1996 and heads finance, human resources, and other departments

Aditya Puri: The Marathon Man and his stellar run on the banking track

Few have matched the HDFC Bank chief's longevity at the crease, within and outside the banking industry; a non-nonsense leader, he had a particular dislike for liars and the incompetent

HDFC Bank's chief in waiting: Spartan Sashi has large shoes to fill

Apart from navigating the bank through the Covid scare, Jagdishan may also have to deal with new developments in auto loan practice scam, and senior manager exits at the bank

HDFC Bank: After Puri's move, it might be a good time to book profits

Change is the only constant, and when an "icon" has to make way for a successor, there is normally a turbulence, both within the organisation as well as outside, especially among the stakeholders

Top headlines: Economic recovery 'fragile', China opposes TikTok deal

Here are the top headlines of the day

Succession uncertainty over; HDFC Bank stk outperformance unlikely: Experts

The stock is, however, unlikely to outperform, say analysts, who feel the issues related to the moratorium induced across the financial sector due to Covid-19 pandemic will weigh on the sentiment

Mukesh Ambani's trusted aide PMS Prasad pledges 94% of his shares

Prasad owned a total of 640,000 RIL shares and his compensation stood at Rs 11.15 crore in FY20.

Don't extend loan moratorium, it is being misused, Deepak Parekh urges RBI

Says some able borrowers are using it to deliberately delay payments

MARKET: Sensex slips 194 pts as financials fall; Nifty Bank tanks 813 pts

All that happened in the markets today

HDFC Bank slides 3% as Aditya Puri sells 95% of his stake in the bank

Aditya Puri, who is set to retire from the bank in October, has been the longest serving MD of a private bank in India