Stocks to watch today: RBL Bank approved fund raise of up to Rs 3,000 crore to fund the lender's business growth; HDFC Bank plans to raise funds worth Rs 2,500 crore through issuance of Tier-1 bonds.
HDFC Bank's Tier-1 bonds could be priced around 7.9-7.95 per cent, sources said
'Vigil Aunty' will create awareness via various social media platforms
Private sector bank major HDFC has opened its first all-women branch in north Kerala region in Kozhikode. The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers. This adds to all-women branches opened by the Bank in southern India and takes forward the bank's inherent values of diversity and inclusion, a statement said here. The branch was inaugurated by city Corporation Mayor Beena Philip at a function here on Wednesday. HDFC Bank is driving diversity and inclusion within the organization with a special focus on enhancing gender diversity, it said. As on March 31, 2022, women constituted 21.7 per cent of the workforce and the target is to increase it to 25 per cent by 2025, the statement said. Sanjeev Kumar, Branch Banking Head, South (Tamil Nadu, Puducherry & Kerala) said the opening of the all-women branch is yet another example of their efforts to take forward gender and diversity initiatives of the bank.
India and other developing countries under the G24 grouping have objected to the proposal of making sovereign commitments to not introduce any future digital services tax like equalisation levy
Latest Reserve Bank of India data showed that in 2021-22, frauds to the tune of Rs 60,414 crore were reported, down 56.28 per cent from Rs 1.38 trillion in 2020-21
Also, HDFC Bank and IIFL Securities will act as investment bankers and work with the government and handle the share sale offers, the official said
The proposed combination envisages the merger of HDFC Investments and HDFC Holdings with HDFC Ltd in the first step and subsequently, the merger of HDFC Ltd into HDFC Bank.
Some are 'Midnight's Children' whose pre-Independence businesses bloomed after 1947, some 'Licence Raj Warriors' who refused to let red-tapeism slow them down. A look at 25 towering business leaders
The firm currently has a user base of 100,000 enterprises and processes transactions worth about Rs 28,000 cr a year
Business Standard brings you the top headlines at this hour
Market players seek clarity from exchanges on the exclusion rule
Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday.
Axis' Amitabh Chaudhry the highest paid among bank CEOs
The official website, bseindia.com states that August 9 will be a market holiday, which would mean that there will be no trading in equity segment, equity derivative segment and SLB degment
Most banks have revised their external benchmark linked loan rates by 50 bps
The parent-subsidiary merger is seen as the biggest transaction in India's corporate history
HDFC Bank Parivartan on Tuesday signed a memorandum of understanding with the Indian Institute of Science, pledging Rs 107.76 crore for construction of Bagchi-Parthasarathy Hospital at IISc Bengaluru. The three wings of the hospital to be supported by the bank are cardiology, radiology and emergency medicine, it said in a statement. IISc is setting up a multi-speciality, not-for-profit, 832-bed hospital, called the Bagchi-Parthasarathy Hospital along with a Postgraduate Medical School within its Bengaluru campus. The hospital is expected to be fully functional by the end of 2024 while the first batch of MD/PhD students will be admitted in 2025. Group Head, ESG & CSR, Business Finance & Strategy, Administration and Infrastructure, HDFC Bank, Ashima Bhat, said: The new hospital and the medical school will not only bolster the healthcare needs of the entire region but will also provide a new generation of physician-scientists".
Stocks to Watch today: ITC, UPL, Zomato, Arvind, Bajaj Consumer Care, among others will release their Q1 earnings today.
Business Standard brings you the top headlines at this hour