Fair value gain consequent to merger of Gruh, an associate, with Bandhan Bank at Rs 9,019.8 crore
Analysts expect the non-banking finance company (NBFC) to report healthy loan growth amid weak net interest income and weak margins.
Puri, whose term comes to an end in October this year, is also an advisor to the search committee tasked with identifying a suitable candidate
Mortgage lender HDFC on Thursday said it has completed the acquisition of majority stake in Apollo Munich Health Insurance for Rs 1,495.81 crore. HDFC bought 50.80 per cent stake of Apollo Hospitals Group in Apollo Munich for Rs 1,485.14 crore and 0.36 per cent shareholding of employees for Rs 10.67 crore. On January 2, HDFC had informed that the company and its subsidiary HDFC ERGO has got approvals for acquiring a majority shareholding in Apollo Munich. "Subsequent to this approval (regulatory), Apollo Munich Health Insurance Co Ltd has been renamed as HDFC ERGO Health Insurance Ltd (HDFC ERGO Health) and will operate as a subsidiary of HDFC Ltd," HDFC said in a regulatory filing on Thursday. The acquisition comes after approvals from the Competition Commission of India, the RBI and the Insurance Regulatory and Development Authority of India. Anuj Tyagi, Executive Director & Chief Business Officer at HDFC ERGO General Insurance Company (HDFC ERGO General) has been appointed as .
The comments come at a time when official estimates for FY20 project GDP growth hurtling to an 11-year low of 5 per cent
For customers with loans above Rs 75 lakh, the effective rate will be 8.45 per cent. For women borrowers in each loan category, the effective rate is 5 bps lower
The issue size of the bond issue is Rs 3,000 crore with an option to retain oversubscription up to Rs 2,000 crore
HDFC will acquire 50.8% from the Apollo Hospitals group for Rs 1,336 crore and will buy out the 0.4% stake being held by the employees for Rs 10.84 crore
In June 2019, HDFC had signed agreement with Apollo Hospitals Group to acquire its 51.2 per cent stake in the health insurance company for Rs 1,347 crore
While TCS, HDFC Bank were the other firms which witnessed a decline in their m-cap for the week ended Friday, HDFC, HUL, ICICI Bank and Infosys emerged as gainers
Demonetisation, RERA, and GST did cause some uncertainty and people stopped buying homes, as they didn't see homes being delivered, says managing director of HDFC Renu Sud Karnad
The secured redeemable non-convertible debentures are to be allotted on a private placement basis on Friday for an issue size of Rs 2,500 crore, HDFC Ltd said in a regulatory filing on Tuesday
The effective date for listing of the commercial paper at the exchange is December 17, the exchange said in a media release
In the broader market, the BSE 30-share Sensex advanced 564.56 points or 1.39% last week
Experts rule this out as a hacking incident and say the outage could have been because of a heavy load on the bank's server
The Sensex advanced 434.40 points or 1.07 per cent last week
So far in the fiscal year 2019-20, the stocks have outperformed the benchmark. While HDFC has surged 17 per cent, HDFC AMC has zoomed 134 per cent till Tuesday.
Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Credit demand is firming up and coming from roads, solar power projects, and the oil and gas sector, particularly city gas projects in the case of SBI