Page 7 - Hdfc Bank

Banks jump on the ONDC bandwagon to draw synergy from the network

Nine banks have picked up stake in the Open Network for Digital Commerce (ONDC) network

HDFC Bank raises Rs 3,000 crore from bonds to fund business growth

Private sector lender HDFC Bank on Thursday said it has mobilised Rs 3,000 crore from bonds to fund business growth. The bank issued and allotted bonds to investors on a private placement basis on Thursday, HDFC Bank said in a regulatory filing. These unsecured, subordinated, fully paid-up, non-convertible, Basel III compliant perpetual debt would carry a coupon rate of 7.84 per cent, it added.

Stocks to Watch: NDTV, Dr.Reddy's, IndiGo, SBI, Zee, Consumer Firms

Stocks to Watch Today: NDTV open offer to start from October 17. IndiGo's co-promoter Rakesh Gangwal likely to sell up to 2.8 per cent stake in open market.

SBI sells largest AT-1 tranche at lowest rate for any bank so far this year

The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.

HDFC Bank hikes MCLR by 10 bps across loan tenures, effective Sep 7

Second rate hike in two months by lender after RBI's rate setting committee hiked benchmark repo rate by 50 bps to 5.4%; new MCLR at 7.90-8.40%

Stocks to Watch: Adani Group, Fertilisers, HDFC Bank, Canara Bank, Suzlon

Stocks to Watch on Tuesday: Government may look to privatise PSU fertiliser companies; Adani Group in an attempt to allay fears of being overleveraged, said the firms have reduced debt over the years.

HDFC Bank's Rs 3,000-crore AT1 bonds get FY23's best rate at 7.84%

Canara Bank plans Rs 1,500-2,000 cr AT1 sale; Axis Bank, too, mulls fundraise

HDFC Bank, SBI AT-1 rates set to influence pricing of other issuances

The bonds will have a call option from the fifth year onwards and are rated AA+ by CRISIL, CARE and India Ratings, sources said

HDFC Bank targets nearly Rs 1-trillion deposit mop-up every quarter

In the recent roadshows, the bank's management sounded confident of its ability to deliver both loan growth as well as deposit growth, a report by Macquarie Research said on Monday

HDFC Bank, Precision Bio to test applications under RBI's sandbox scheme

HDFC Bank and Precision Biometric India have been selected by the Reserve Bank for testing their 'on tap' retail payments applications under the regulatory sandbox scheme, the central bank said on Monday. Regulatory sandbox (RS) refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may permit certain relaxations for the limited purpose of the testing. The regulatory sandbox allows the regulator, innovators, financial service providers and customers to conduct field tests to collect evidence on the benefits and risks of new products and systems. The RBI announced the opening of the 'On Tap' application facility for the theme 'Retail Payments' under the regulatory sandbox in October last year. The product 'Offline Retail Payments' by HDFC Bank (in partnership with Crunchfish AB) provides the capability for customers and merchants to pay and receive payments in offline mode, the RBI said in a release. The solution aims to

HDFC Bank to open 207 branches in Maharashtra, hire more than 3,000

The smart banking lobbies will be set up in 16 districts and will be operational 24 hours and 7 days

HDFC Bank partly recoups market share in credit card spends lost to embargo

RBI data shows that the bank has 28.4% market share in spends as of July, up 190 bps since last August. Pre-embargo, its share was 30.67%

Credit card spends touch all-time high of Rs 1.16 trillion in July

Spends have topped Rs 1 trillion level for five consecutive months now

BoB issues Rs 2,500 crore AT-1 bonds at 7.88%, cheaper than peers

Four PSU banks have raised Rs 7,800 crore AT-1 bonds so far in FY23 as credit demand booms

SAT quashes NSE order against Kotak Mahindra Bank in share pledging case

Says stock exchange only has jurisdiction over trading members and cannot issue directions to other entities

HDFC Bank to invest Rs 120 crore in Go Digit Life for 9.94% stake

In a stock exchange filing, HDFC Bank said it will invest between Rs 49.9 crore to Rs 69.9 crore in two tranches to acquire up to 9.94% equity stake in the Fairfax-backed company

Top headlines:Curbs on wheat flour exports; HDFC Bank to invest in Go Digit

The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi

Tata Neu, HDFC Bank partner to launch two co-branded credit card variants

Tata Neu customers can apply for the cards on the Tata Neu app and access its key details; Each of the two variants of the card will be available on both RuPay and Visa networks

Rupee seen firming to 78.5-79.5 against dollar by FY23-end: HDFC Bank

The rupee has has weakened 7.5% so far in the 2022 calendar year, trading close to a record low of 80.0650 hit last month, as aggressive rate hikes by the Federal Reserve sent the dollar rallying

Sensex gyrates 1,027 pts, ends 257 pts up; Nifty holds 17,550; M&M gains 4%

CLOSING BELL: RIL, ICICI Bank, M&M, SBI, Bajaj twins, and Titan were the stocks that supported the indices