n a letter to the bank, Sebi said the violations by the bank have been viewed seriously, and the bank has been warned to be careful in future
Stocks to buy today: Jigar S Patel of Anand Rathi suggests initiating long positions in HDFC Bank share price in the 1,850-1,875 range, with an upside target of 2,050
Over 2,000 points, or 2.6%, rebound from day's low helps Sensex posts fourth straight weekly gain
Stocks to watch, Dec 13: From RIL to HDFC Bank, here is a list of stocks that will be in focus today
Experts say an administrative warning is a less severe action than a fine. However, it serves as a formal notice of non-compliance
HDFC Bank said that it will take necessary steps to address the concerns and directives mentioned in the letter
The combined market valuation of six of the top-10 most-valued firms jumped Rs 2,03,116.81 crore last week, with Tata Consultancy Services and HDFC Bank emerging the biggest gainers, in-line with an optimistic trend at the Dalal Street. Last week, the BSE benchmark jumped 1,906.33 points, or 2.38 per cent, and the NSE Nifty climbed 546.7 points, or 2.26 per cent. While Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, and State Bank of India were the winners from the pack, Bharti Airtel, Life Insurance Corporation of India (LIC), ITC, and Hindustan Unilever emerged the laggards. The market valuation of TCS surged Rs 62,574.82 crore to Rs 16,08,782.61 crore. HDFC Bank added Rs 45,338.17 crore taking its market valuation to Rs 14,19,270.28 crore. The valuation of Infosys jumped Rs 26,885.8 crore to Rs 7,98,560.13 crore and that of Reliance Industries soared Rs 26,185.14 crore to Rs 17,75,176.68 crore. State Bank of India's market capitalisation (
In the past six months, HDFC Bank has outperformed the market by surging nearly 20 per cent, as compared to 6.7 per cent rise in the BSE Sensex.
From Adani Group of stock to Vedanta, here is a list of shares that will remain in focus today
The bank's network of over 4,600 branches in semi-urban and rural locations will serve as touchpoints to leverage this product, covering nearly two-thirds of India's population
Here is a list of stocks that will be eyed by investors and traders for today's session
The rating agency has assigned an "AAA/stable" rating to these PTCs, which have different maturity periods ranging between two and six years
Eight of the top-10 most valued firms together lost Rs 1,65,180.04 crore from market valuation in a holiday-shortened last week, with HDFC Bank and State Bank of India taking the hardest hit in line with a weak trend in equities. Last week, BSE benchmark Sensex fell by 1,906.01 or 2.39 per cent. Equity markets were closed on Friday for Guru Nanak Jayanti. "Mounting concerns over rising CPI inflation and persistent disappointments in corporate earnings weighed heavily on sentiment," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The valuation of HDFC Bank tanked by Rs 46,729.51 crore to Rs 12,94,025.23 crore. State Bank's market valuation eroded by Rs 34,984.51 crore to Rs 7,17,584.07 crore. The valuation of Hindustan Unilever slumped Rs 27,830.91 crore to Rs 5,61,329.10 crore, and that of Reliance Industries declined by Rs 22,057.77 crore to Rs 17,15,498.91 crore. The market capitalisation (mcap) of ITC dived Rs 15,449.47 crore to Rs 5,82,764.02 crore, and Bharti Airtel
State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs. Inclusion in the list requires the lenders to maintain higher Common Equity Tier 1 (CET1) in addition to the capital conservation buffer as per the bucket under which it has been classified. The State Bank of India (SBI) continues to be in bucket 4, which will require the country's largest lender to keep an additional CET1 of 0.80 per cent, as per the list. HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to maintain a higher CET1 by 0.40 per cent. The Central bank said the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 01, 2025. "Hence, up to March 31, 2025, the D-SIB surcharge applicable to SBI and HDFC Bank will be 0.60 per cent and 0.20 per cent, respectively," it said. ICICI Bank
The rate adjustment raises the overnight and one-month tenures by 5 basis points each, with a similar 5 bps increase for the three-year tenure
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.
The lender plans to use the proceeds from the IPO to enhance its Tier-I capital base and meet future capital requirements, including those for onward lending
HDFC Bank, which holds a 94.6 per cent stake in the lender, will sell shares worth up to Rs 10,000 crore, while HDB Financial will issue fresh shares worth up to Rs 2,500 crore
The country's largest private sector bank has shared tips on how its customers can protect themselves from the emerging online fraud
HDFC Bank share price today: In the two days, the stock of the largest private sector lender has gained 3 per cent on the NSE