Page 4 - Hdfc Bank

Retail CBDC a game-changer, should improve monetary transmission: SBI chief

Anonymity factor is critical for its acceptance, asserts Dinesh Khara

HDFC Bank revises credit card rewards points programme for customers

The bank said for select products and vouchers, redemption of reward points will be capped at 70 per cent of the total value, but this is not applicable for Infina and Diners Black cards

e-Rupee: RBI creates Rs 1.71 crore of digital currency for retail pilot

Aims to involve 50,000 merchants, customers in the next few days

HDFC Bank completes mega bond issuance amid strong demand: Analysts

The private lender raised 150 billion rupees ($1.85 billion) through 10-year Tier-II bonds at an annual coupon of 7.86%, for which it had received bids worth 240.80 billion rupees

HDFC Bank likely to raise Rs 15,000 cr via tier-2 bonds, largest this FY

Lenders return to debt market as yields soften and credit demand booms

Merger with home loan major HDFC to take 8-10 months more: HDFC Bank

HDFC Bank expects to amalgamate its home loan major parent HDFC into itself by September next year, a top official said on Friday. Both HDFC and HDFC Bank held general meetings on Friday to seek shareholder approvals for what is billed as the largest merger in Indian corporate history at over USD 40 billion. At the time of announcing the merger on April 4 this year, the entities had said the merger will take 12-18 months. "We believe going by the past practice and going by past trends, it will take about 8-10 months time before an effective date is announced," HDFC Bank's chief executive and managing director Sashidharan Jagdishan said at the meeting. The merger will help expand the capital adequacy ratio of the merged entity by 0.20-0.30 per cent, courtesy the healthy capital adequacy of HDFC Ltd, he added. Given the fact that bank deposits have to comply with mandatory cash reserve ratio and statutory liquidity ratio requirements, many shareholders at both meetings showed keenne

HDFC Bank awaiting RBI reply on subsidiary stake forbearance: Parekh

According to HDFC's latest annual report, the mortgage lender has over 10 subsidiaries, including HDFC Life Insurance, HDFC Ergo General Insurance, and HDFC Asset Management

Stocks to Watch: PNB, Tube Investments, Indian Oil, Laurus Labs, SBI, Lupin

Stocks to Watch: Punjab National Bank (PNB) on Thursday said it received the government's approval to divest its entire stake (15.22 per cent) in UTI Asset Management Company

HDFC Bank elevates Bharucha as Deputy MD, appoints Zaveri as ED

Decision comes ahead of merger; RBI had halted move ahead of Aditya Puri's retirement

MP govt focuses on investment, developing industrial infra to generate jobs

The Department of Micro, Small and Medium Enterprises (MSMEs) has decided to offer MSMEs and start-ups training in marketing, and financial support

Journey towards strong governance a work in progress: Deepak Parekh

The ultimate objective is that corporate governance systems must become simpler; not more complicated, Parekh said

HDFC twins may merge by April next year, says Chairman Deepak Parekh

Parekh said the voting process of shareholders on the proposed merger has received "fair amount of votes" from shareholders already

Google Pixel 7 series gets cheaper with bank, exchange offers on Flipkart

The Pixel 7 and Pixel 7 Pro are available at discounted price of Rs 51,499 and Rs 72,999, inclusive of bank offer and exchange bonus discounts, on Flipkart

HDFC Bank, Canara Bank get RBI approval for rupee trade with Russia

Three others got permission earlier, but no deal so far

Market regulator Sebi proposing to revamp the share buyback process

Currently, companies can buyback only 25 per cent of the paid-up capital and free reserves under the tender route

Share of low-cost deposits falls as FD rates rise, banks' NIM may take hit

With RBI on monetary tightening path, liquidity has shrunk and interest rates have hardened, forcing banks to hike rates on term deposits in order to get funds for credit growth

A step-by-step guide on withdrawing cash from ATM using UPI apps

Withdrawing without debit or credit cards reduces chances of transaction failure due to wrong PINs, or lost or stolen cards; note, however, that very few banks offer UPI-based withdrawals currently

Worst of rupee volatility seen over as Fed view softens: BS poll

Rupee likely at 81.68 by December-end, largely stable at 81.75 by March-end

Nine of top-10 firms add Rs 2.12 trn in m-cap; HDFC Bank tops chart

Nine of the 10 most valued firms together added over Rs 2.12 lakh crore in their market valuation last week, with HDFC Bank and TCS emerging as the lead gainers. Last week, the 30-share BSE benchmark jumped 844.68 points or 1.38 per cent. The stock markets were closed on Tuesday for Guru Nanak Jayanti. From the top-10 pack, Hindustan Unilever Ltd (HUL) was the only laggard. The top 9 firms added a total of Rs 2,12,478.82 crore to their market valuation last week. Among the winners, HDFC Bank added Rs 63,462.58 crore, taking its valuation to Rs 8,97,980.25 crore. Tata Consultancy Services' valuation jumped Rs 36,517.34 crore to reach Rs 12,13,378.03 crore. The market valuation of HDFC advanced Rs 29,422.52 crore to Rs 4,81,818.83 crore and that of Reliance Industries climbed Rs 26,317.30 crore to Rs 17,80,206.22 crore. The market capitalisation (m-cap) of Infosys rose by Rs 23,626.96 crore to Rs 6,60,650.10 crore and Adani Enterprises surged by Rs 20,103.92 crore to Rs 4,56,992.

Amalgamation-bound HDFC twins soar more than 5% each on MSCI tweak

Both stocks were the biggest gainers in both the Sensex and Nifty indices and accounted for nearly half of the gains made by these indices