HDB Financial Services Ltd. is in talks with a group of global and local banks to finalise the terms
Technical charts suggest that Paytm is likely to trade with a favourable bias; while others may display a subdued trend in the near-term.
Bank to Prioritise Engagement and Service Over Interest Rates for Deposits
HDFC Bank Q1 result: Sequentially, net profit of the lender is down 2%
Erstwhile housing finance major HDFC Ltd. merged into HDFC Bank on July 1, 2023, creating a financial behemoth
HDFC Bank will be growing its advances slower than the deposits, and focus on getting the credit-deposit ratio to the pre-merger levels, according to a top bank official. In the annual report of the country's largest private sector lender, its managing director and chief executive Sashi Jagdishan suggested that profitability will also be a core aspect of its strategy. Jagdishan said the bank which merged its home loan-focused parent HDFC Ltd with itself last July is passing through a phase of "adjustment" where it will be focusing on adequate liquidity buffers, and repaying HDFC's borrowings on maturity and also before that. "During this time of adjustment, the Bank would grow its advances a little slower than the deposit growth," he said in the message to shareholders. The bank will endeavour to bring down the credit-to-deposit ratio to the pre-merger levels, Jagdishan said, adding that it will continue to focus on granular deposit mobilisation on the back of the distribution ...
HDFC Bank Q1 FY25 results 2024 preview: Analysts at ICICI Securities expect HDFC Bank to report around 2.5 per cent Y-o-Y growth in deposit, but "even slower loan growth on a Q-o-Q basis
The combined market-capitalisation (market-cap) of the top 25 banks globally rose 5.4 per cent quarter-on-quarter (QoQ) in the April - June 2024 period (Q1-FY25)
UPI services will be unavailable for customers from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM on July 13, 2024
The fastest 5,000-point rally for the Sensex was nearly three years ago (September 24, 2021) when the index hit an intraday high of 60,333 in a span of just 28 trading days
Shares of the bank fell the most in a month on Friday after it reported flat sequential deposit performance in the quarter ended June
Shares of HDFC Bank slipped 3.82 per cent at Rs 1660 per share on The BSE in Friday's intraday trade. In the last two trading sessions, the counter has slid by 6.1 per cent
The deposit book as of June 30 was Rs 23.79 trillion, almost flat compared to the previous quarter. Deposit growth was 16.5 per cent year-on-year, excluding the impact of the merger
Despite a near 5 per cent rally in HDFC Bank, the derivatives data shows tepid buildup in open interest; options data indicate strong resistance likely in the Rs 1,820 - Rs 1,835 range this July.
Analysts expect more upside in the run up to August rebalance of MSCI index weightage
Stocks to buy right now: Despite the Sensex hitting the 80,000-mark, there are ample opportunities within the index
As the FII shareholding in HDFC Bank moves below 55 per cent, it will necessitate an FII headroom of 25 per cent. Analysts at ICICI Securities anticipate up to $3.5 billion inflow in the stock
Stocks to Watch today, July 3, 2024: he latest foreign ownership data, released on Tuesday, July 2, showed FII holding in the private bank falling to 54.83 per cent
Move could lead to doubling of weight in MSCI index; over $3 bn of passive buying, says Nuvama report
ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent