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Page 2 - HDFC Bank Ltd News

HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7

MCLR is the minimum interest rate a financial institution needs to charge for a specific loan. It dictates the lower limit of the interest rate for a loan

HDFC Bank raises MCLR by 5 bps for select tenures, effective October 7
Updated On : 07 Oct 2024 | 3:47 PM IST

Pivot points to track on 5 private, PSU bank stocks ahead of RBI policy

SBI, Bank of India, ICICI Bank, HDFC Bank and PSB are seen trading at their respective make-or-break points post the recent stock market fall. Here are the key levels to watch out for.

Pivot points to track on 5 private, PSU bank stocks ahead of RBI policy
Updated On : 07 Oct 2024 | 12:01 PM IST

HDFC Bank's deposit growth outpaces credit in Q2, helping meet target

Country's largest private sector has indicated that it would grow its advances at a slower pace than deposits

HDFC Bank's deposit growth outpaces credit in Q2, helping meet target
Updated On : 04 Oct 2024 | 11:58 AM IST

Morgan Stanley, Citigroup buy Rs 755 cr worth shares in HDFC Bank

Morgan Stanley and Citigroup on Thursday bought shares of private sector lender HDFC Bank for over Rs 755 crore through open market transactions. According to the block deal data available on the BSE, New York-headquartered financial services companies Morgan Stanley and Citigroup through their affiliates purchased 43.75 lakh shares of the Mumbai-based bank. The shares were picked up at an average price of Rs 1,726.2 apiece, taking the combined transaction value to Rs 755.29 crore. These shares were sold by BNP Paribas' arm BNP Paribas Financial Markets through two separate block deals at the same price on the BSE. BNP Paribas is an investment bank and financial services company. Last week, Paris-based BNP Paribas offloaded shares of HDFC Bank for Rs 543.27 crore. Shares of HDFC Bank fell 2.55 per cent to close at Rs 1,682.15 apiece on the BSE.

Morgan Stanley, Citigroup buy Rs 755 cr worth shares in HDFC Bank
Updated On : 03 Oct 2024 | 7:56 PM IST

HDFC sells nearly $717 million of home loans to reduce credit book

In June, HDFC also sold a 50 billion rupee loan portfolio. Its credit-deposit ratio stood at 104% at the end of March, higher than the 85% to 88% rate in the previous three fiscal years

HDFC sells nearly $717 million of home loans to reduce credit book
Updated On : 26 Sep 2024 | 9:19 PM IST

UBS Group completes acquisition of HDFC Bank shares valued at Rs 543 cr

Swiss financial services company UBS Group on Wednesday bought shares of private sector lender HDFC Bank for over Rs 543 crore through an open market transaction. According to the block deal data available on the BSE, UBS Group's arm UBS Principal Capital Asia purchased 30.72 lakh shares of Mumbai-based HDFC Bank. The shares were picked up at an average price of Rs 1,768.05 apiece, taking the transaction value to Rs 543.27 crore. These shares were offloaded by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price. Shares of HDFC Bank rose 0.59 per cent to close at Rs 1,778.85 apiece on the BSE. In a separate block deal on the BSE, Goldman Sachs bought 5.52 lakh shares of Five-Star Business Finance for over Rs 45 crore through an open market transaction. The shares were acquired at an average price of Rs 824 apiece, taking the aggregate deal value to Rs 45.50 crore, the data showed on the exchange. Meanwhile, Singapore-based Duro Capital th

UBS Group completes acquisition of HDFC Bank shares valued at Rs 543 cr
Updated On : 25 Sep 2024 | 8:50 PM IST

HDFC Bank likely to close $1 billion loan sale this month: Report

HDFC Bank merged with parent Housing Development Finance Corp in July 2023, adding a large pool of mortgage loans to the bank's portfolio but a much smaller amount of deposits

HDFC Bank likely to close $1 billion loan sale this month: Report
Updated On : 19 Sep 2024 | 4:10 PM IST

HDFC Bank stock ready for a breakout after 2 months; can rally another 7%

The Bollinger Bands on the daily scale had contracted to an extremely narrow range of Rs 1,620 - Rs 1,655; thus warranting a breakout in the near-term. Here are the key levels to watch out now.

HDFC Bank stock ready for a breakout after 2 months; can rally another 7%
Updated On : 12 Sep 2024 | 2:56 PM IST

HDFC Bank to sell Rs 10k cr in loan portfolios via pass-through certificate

HDFC Bank will use a rare debt instrument known as pass-through certificates to sell loan portfolios worth up to Rs 10,000 crore ($1.2 billion)

HDFC Bank to sell Rs 10k cr in loan portfolios via pass-through certificate
Updated On : 30 Aug 2024 | 1:50 PM IST

SBI Card loses credit card market share in July; InCred retains 'Reduce'

InCred's target price translates into 30.7 per cent downside in the share price from previous close of Rs 721.15 per share.

SBI Card loses credit card market share in July; InCred retains 'Reduce'
Updated On : 30 Aug 2024 | 12:47 PM IST

Global rally, DII buying: Reasons why BSE Sensex jumped 1,300 pts on Aug 16

Hopes of US rate cut triggers global stock market rally: The BSE Sensex rallies past the 80,000 mark, and the NSE Nifty surges atop 24,400 led by strong gains in IT and private bank shares on Friday.

Global rally, DII buying: Reasons why BSE Sensex jumped 1,300 pts on Aug 16
Updated On : 16 Aug 2024 | 1:38 PM IST

Nifty PSU Bank, Private Bank bearish; time to accumulate? Analyst weighs

The Nifty PSU Banks Index is currently experiencing a downward trend in the near term. However, the index has recently undergone a sharp correction, bringing it very close to critical support levels a

Nifty PSU Bank, Private Bank bearish; time to accumulate? Analyst weighs
Updated On : 14 Aug 2024 | 6:55 AM IST

Is HDFC Bank stock a good bet after MSCI August Review? What analysts say

Analysts, on their part, are of the view that long-term investors could continue to hold the stock

Is HDFC Bank stock a good bet after MSCI August Review? What analysts say
Updated On : 13 Aug 2024 | 12:16 PM IST

RVNL, Voda Idea, Dixon, HDFC Bk can rally up to 27% on MSCI inclusion boost

MSCI India August rejig: 7 stocks to be included in the India Index, HDFC Bank weightage to increase in 2 tranches; Bandhan Bank on its way out.

RVNL, Voda Idea, Dixon, HDFC Bk can rally up to 27% on MSCI inclusion boost
Updated On : 13 Aug 2024 | 10:32 AM IST

India's weight in MSCI EM Index hits 20%; RVNL, Dixon to get huge inflow

Analysts at Nuvama expect an inflow of $281 million in Dixon Technologies as a result, followed by Vodafone Idea at $278 million

India's weight in MSCI EM Index hits 20%; RVNL, Dixon to get huge inflow
Updated On : 13 Aug 2024 | 11:08 AM IST

MSCI August rejig: HDFC Bank dips 3% on lower than expected weight increase

HDFC Bank MSCI rebalance news: MSCI has announced that the weight of HDFC Bank will be gradually increased, in two tranches, to full weight of 1

MSCI August rejig: HDFC Bank dips 3% on lower than expected weight increase
Updated On : 13 Aug 2024 | 10:05 AM IST

Look to resolve issues with deposit growth: HDFC Bank's Atanu Chakraborty

Says focused on creating personalised experience for customers

Look to resolve issues with deposit growth: HDFC Bank's Atanu Chakraborty
Updated On : 09 Aug 2024 | 4:37 PM IST

Rate sensitive shares trade mixed as RBI keeps repo rate unchanged at 6.5%

At 11:07 AM, the Nifty Bank, Nifty Auto, Nifty Realty, and Nifty Financial indices were trading less than 0.30 per cent lower each, as compared to a 0.50-per cent decline in the Nifty 50 index

Rate sensitive shares trade mixed as RBI keeps repo rate unchanged at 6.5%
Updated On : 08 Aug 2024 | 11:29 AM IST

HDFC Bank rolls out fixed deposit scheme with higher interest rates

The bank has indicated that it will grow its advances slower than its deposits to bring down its elevated credit-deposit ratio

HDFC Bank rolls out fixed deposit scheme with higher interest rates
Updated On : 25 Jul 2024 | 8:29 PM IST

HDFC Bank stock: Low loan-deposit ratio key for outperformance, say experts

HDFC Bank share price outlook: analysts see HDFC Bank's LDR, which is the highest amongst peers, to fall below the level in about two years

HDFC Bank stock: Low loan-deposit ratio key for outperformance, say experts
Updated On : 22 Jul 2024 | 12:03 PM IST