Hdfc

HDFC Bank refunds Rs 2.9 Cr to woman in fraud case. Things to keep in mind

HDFC Bank reimbursed Rs 2.9 crore to Meenakshi Kapuria after Rs 3 crore fraud by her relationship manager. The Bombay HC urges RBI to strengthen banking fraud policies

HDFC Bank raises lending rate by 5 basis points on select maturity

Private sector HDFC Bank on Thursday raised the marginal cost of funds-based lending rate (MCLR) by 5 basis points (0.05 percentage points) on select maturity. The benchmark one-year tenor MCLR, which is used to price most consumer loans like auto and personal, has been retained at 9.45 per cent, according to the HDFC Bank website. However, the overnight MCLR has risen to 9.15 per cent from 9.10 per cent, while the one-month rate has been increased by 5 basis points to 9.20 per cent. Rates on other maturity buckets have been left unchanged, it said. The new rates are effective from November 7, 2024. The rate hike follows the decision of RBI to keep its benchmark lending rate unchanged at 6.5 per cent for the tenth consecutive time.

Citigroup sells HDFC Bank's shares worth Rs 275 crore via block deal

American multinational Citigroup on Monday offloaded private sector lender HDFC Bank's shares worth Rs 275 crore through an open market transaction. Citigroup, through its arm Citigroup Global Markets Mauritius, sold 15,79,953 shares of HDFC Bank, as per the block deal data available on the BSE. The shares were disposed of at an average price of Rs 1,742.6 apiece, taking the transaction value to Rs 275.32 crore. Ghisallo Master Fund LP acquired the shares of Mumbai-headquartered HDFC Bank at the same price. Shares of HDFC Bank fell 0.48 per cent to close at Rs 1,734.30 per piece on the BSE. On October 19, HDFC Bank reported a 6 per cent increase in the September quarter net profit to Rs 17,825.91 crore on a consolidated basis. On a standalone basis, the largest private sector lender's post-tax net profit grew to Rs 16,820.97 crore during the reporting period against Rs 15,976.11 crore in the year-ago period. The company's core net interest income grew 10 per cent to Rs 30,010 cr

Former HDFC executives start home loan venture, bag Rs 800 cr from PEs

Weaver Services, a non-bank lender formed by former executives of erstwhile home finance major HDFC, on Thursday, announced that it has bagged Rs 800 crore in commitments from private equity funds. Gaja Capital and Lok Capital have made the commitment, which will be utilised for fuelling the company's pan-India plans and also for a Rs 267-crore acquisition of Capital India Home Loans, as per an official statement. "I am happy to see a team of former colleagues and partners unite to establish a housing finance company dedicated to addressing the needs of an under-served segment of society," Keki Mistry, former vice chairman and chief executive of HDFC, said in the statement. After securing necessary regulatory approvals and acquisition completion, Weaver is aiming to launch home loan products for self-employed individuals in the unorganised sector, particularly in Tier 2 and Tier 3 towns, the statement added. HDFC's former head of merger and acquisitions Satrajit Bhattacharya, and .

HDFC Securities enters wealth advisory business with launch of HDFC Tru

The company stated that its new offering will provide financial solutions to corporate treasury, ultra high net-worth investors (HNIs), and family offices in the over Rs 50 crore investment segment

HDFC AMC Q2 results: Net profit rises 32% to Rs 577 cr, total income up 38%

HDFC Asset Management Company (AMC) on Tuesday reported a 32 per cent year-on-year growth in profit after tax (PAT) to Rs 576.61 crore for the three months ended September 2024. The HDFC AMC's profit after tax stood at Rs 436.52 crore in the same quarter of the preceding financial year (FY24). Its total income rose 38 per cent to 1,058.19 crore in the July-September quarter from Rs 765.35 crore in the year-ago period, HDFC AMC said in a stock exchange filing. For the half-year ended September 2024, the company logged a PAT of Rs 1,180.37 crore and a total income of Rs 2,007 crore. Shares of HDFC AMC were trading 1.11 per cent higher at Rs 4533 on the BSE around 3 pm.

Mcap of 9/10 valued firms falls by over Rs 4 trillion: Here’s why

HDFC Bank says sequential rise in deposits outpaced loan growth in Q2

Deposits rose 5.1 per cent from the previous quarter to Rs 25 trillion, after no sequential change in April-June

HDFC unit HDB Financial Services approves raising Rs 2,500 cr via IPO

HDB Financial's listing follows the country's central bank norms introduced in 2022, which required large non-banking financial companies (NBFC) to be listed on stock exchanges by September 2025

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

Hedging against volatility in NSE Nifty Bank Index suddenly looks cheap

Indian bank stocks have lagged the broader market, with sluggish deposit growth raising concerns that more regulation may be coming

HDFC, Nippon, ICICI hoist the folio trophy as 40 funds chase finish line

Folio growth powered by stellar performance and strategic distribution

Balanced advantage funds: Equity exposure dips as valuations kicks off

HDFC MF exposure drops below 50%, ICICI MF at 20-month low

For valuations to sustain, corporate earnings need to deliver: Setalvad

Setalvad says positive surprises may emerge on the rural consumption front amid favourable monsoon and a low base

Key financial rules will change from August 1: What you should do

Significant updates, include new Google Maps charges and revised HDFC Bank credit card regulations

HDFC Bank's unit in talks with global banks, seeks $300 mn in offshore loan

HDB Financial Services Ltd. is in talks with a group of global and local banks to finalise the terms

HDFC Ergo General Insurance processes its first claim on NHCX platform

NHCX is a single-window interface developed by the National Health Authority (NHA). It provides a secure platform and efficient exchange of health insurance claims data

HDFC Bank mulling loan portfolio sale amid growth scrutiny: Report

Shares of the bank fell the most in a month on Friday after it reported flat sequential deposit performance in the quarter ended June

HDFC Bank may see inflows of up to $4 bn as MSCI weightage to rise

Move could lead to doubling of weight in MSCI index; over $3 bn of passive buying, says Nuvama report

Former SoftBank managing partner Lydia Jett rejoins Flipkart's board

The Flipkart board also comprises HDFC chief executive Keki Mistry and senior Walmart executives