Page 43 - Hdfc Bank

HDFC Bank headcount falls for second quarter in a row, down by 6,100 in Q4

In the preceding Oct-Dec 2016 quarter, the headcount had come down by 4,581 employees

HDFC Bank Q4 net rises 18% to Rs 3,990 cr

HDFC Bank, the country's second largest in the private sector in terms of assets, reported an 18.3 per cent rise in both its fourth quarter as well as yearly net profit.This was so even as provisioning increased, mainly on the asset classification leeway given in the third quarter by the Reserve Bank of India (RBI) and due to aggressive expansion of the loan book in the fourth quarter.Profit for the financial year's fourth quarter ended March was Rs 3,990 crore; for all of 2016-17, it was 14,549.7 crore. This is the second quarter in a row that the bank reported quarterly profit growth below 20 per cent; it is also the first time in its history that yearly profit growth has dipped below 20 per cent.Analysts were expecting quarterly net profit of Rs 3,956 crore. The bank's shares rose 2.4 per cent to close at Rs 1,496.75 a share, having hit a lifetime high of Rs 1,499 in the trading session. Provisions and contingencies for the fourth quarter were Rs 1,261.8 crore, as against Rs 662.5 .

Asset quality of HDFC Bank remains stable

The March quarter was yet another one in which the HDFC Bank outperformed the Street expectations on most parameters. The strong performance was reflected in the bank's stock prices as well, which rose by 2.4 per cent on an otherwise flat day of trade. Its net interest income (NII) grew by 21.5 per cent year-on-year to ~9,055 crore. Net profit, which expanded by 18.3 per cent year-on-year to ~3,990 crore was ahead of Bloomberg estimates at ~3,950 crore. Net interest margin (NIM) was maintained at 4.3 per cent. The operational performance helped the bank overcome any possible asset quality slippages even as provisioning for bad loans doubled on a year-on-year basis to ~1,262 crore in Q4. Spillover impact of the Reverse Bank of India's relaxation for loans less than ~1 crore in the December quarter resulted in provisioning being higher by ~100 crore in the March quarter. What also came handy was 19.4 per cent growth in the loan book, which currently stands at ~5.6 lakh crore. This ...

HDFC Bank board approves Rs 50,000-cr fund-raising

Shyamala Gopinath reappointed as bank's part-time non-executive chairman till June 19, 2019

HDFC Bank to raise Rs 50,000 cr via infra bonds, debt securities

HDFC Bank reported a net profit of Rs 14,549 crore, a growth of 18.3 per cent in 2016-17

HDFC Bank hits record high after robust March quarter earnings

The stock was up 2.3% at Rs 1,495 on the National Stock Exchange.

HDFC Bank Q4 net up 18 per cent to Rs 3,990 crore; NPA provisioning rises

Total income during the fourth quarter rose to Rs 21,560 crore

Odisha: Masked men loot Rs 5 lakh from HDFC Bank using toy guns

Police later recovered the toyguns from near the bank

HDFC Bank launches loan against shares in minutes: How it works

HDFC Bank Ltd is offering loan against shares in about two-three minutes by completely digitizing the project. For this, the bank tied up with National Securities Depository Ltd (NSDL). Shares dematerialized by the NSDL and executed through HDFC Bank demat account could be utilized for the pledging purpose. This is most definitely first of its kind initiative in India and probably the first in the world also. HDFC Bank and NSDL consulted the Reserve Bank of India (RBI), country's central bank, before developing the product. "There would probably be no second regulator who has managed to put this (product) on the table. We are probably the first to do it and therefore, it is a great day for the country as well," said Arvind Kapil, country head of unsecured, home and mortgage loans of the bank. A HDFC Bank customer can now login to the bank website and pledge her shares, dematerialized by NSDL, and can get instant loans, deposited in a freshly opened current account. The customer ...

HDFC Bank begins to levy cash transaction fee

ICICI Bank has already been levying a similar fee since July 2016 on cash transactions beyond five

HDFC Bank FPI trade: RBI, Sebi to tighten norms on trigger point

Sebi and the RBI are looking at tightening trigger points for foreign portfolio investment

Don't settle all Friday trades in HDFC Bank: RBI to custodians

Central bank issued direction after 74% FPI ceiling was crossed

Who would want payment wallets, when UPI is faster: HDFC Bank's Aditya Puri

Payment wallets not a viable business option, says the HDFC Bank chairman

Foreign investors pay top dollar for HDFC Bank

Share jumps 9.5% after RBI lifts FII ban, then retreats as it again hits investment ceiling; lender pips RIL to become second-most valued firm

FPI trades in HDFC Bank stock in limbo

Foreign shareholding cap in the bank overshoots limit; RBI calls emergency meeting of custodians

Foreign stake in HDFC Bank crosses 74% limit again: RBI

RBI monitors the ceilings on FII/NRI/PIO investments in Indian companies on a day-to-day basis

HDFC Bank surges 9% as RBI removes ban on FII investment

The stock surged 9.5% to Rs 1,450, also its fresh lifetime high on the BSE in early morning trade

HDFC Bank to deploy around 20 humanoids in 2 years

Kochi-based Asimov Robotics has developed Ira

Efficiencies make HDFC Bank staff count drop by 4,581 in Q3

The benefits of staff reduction were visible on cost to income front, with ratio dipping to 43.8%

HDFC Bank Q3 net profit up 15%

Achieved on the back of higher interest income