Combined entity would be nearly half SBI's size and in an indisputable No 2 slot; cost of funds a hurdle though
At 01:01 pm, HDFC market capitalisation (market-cap) stood at Rs 4.11 trillion on the BSE.
The change will benefit all existing HDFC retail home loan customers
The Assets Under Management (AUM) rose 10.2 per cent to Rs 5,40,270 crore in Q2FY20 from Rs 4,90,072 crore in the previous year
From NIIF foraying into road and highway sector to HDFC Q2 profit declining, Business Standard brings you top news of the evening
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Mortgage lender HDFC Ltd on Monday said its consolidated net profit declined by 57.5 per cent to Rs 4,600 crore in the July-September quarter of 2020-21
The numbers beat profit estimate, cheering investors. The stock soared to day's high of Rs 2,043 apiece on the BSE, up 6.2 per cent, as against 0.65 per cent rise in the benchmark S&P BSE Sensex
Absence of significant profit on investments, and low dividend income of Rs 320 crore YoY could optically make HDFC's pre-provisioning profit look modest, analysts say
The bank, according to the rating agency, has ample capital buffers, as reflected in its Tier-I capital ratio of 17.7 per cent as on September 30, 2020
Among Indian stocks, besides HDFC, Wood also holds Reliance Industries (RIL), Maruti Suzuki, SBI Life Insurance, DLF and Cipla
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The individual loan business has continued to see a month-on-month improvement in July-September 2020, HDFC Ltd said in a regulatory filing
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Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments
These homebuyers belong to the Economically Weaker Section, Low Income Group and Middle Income Groups, HDFC said in a statement
At 12 per cent tier-1 capital, the recent decision to raise Rs 50,500 crore of debt funds unlikely to address asset quality issues
ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month
The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations
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