HDFC Bank is upgrading its Core Banking System (CBS) to a new platform
Bank of Baroda posted faster growth in advances than in deposits. The loan book of the BoB grew by 1.73 per cent while deposits improved by 1.59 per cent, sequentially
The losses in HDFC Bank came after the private sector lender reported a sequential decline in loans during the June quarter
Stocks to watch today, Friday, July 5: Bajaj Auto is all set to become the world's first two-wheeler company to launch a CNG bike
Stocks to Watch today, Thursday, July 4: Mitsubishi UFJ Financial Group Inc.'s negotiations for a minority stake in HDFC Bank's consumer lending unit are stalling
The 30-share Sensex hit the historic 80,000-mark for the first time earlier in the day. It surged 632.85 points, or 0.79 per cent, to hit a record intra-day high of 80,074.30
Analysts expect more upside in the run up to August rebalance of MSCI index weightage
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
To minimise disruption, the lender advises customers to withdraw funds before 7.30 pm on July 12
Customers will have limited access to bank's services during the 13.5-hour upgrade
After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward
Earlier this year, ICICI Bank and SBI Cards stopped offering reward points for rent payments on several credit cards
Following strong responses to two initial public offerings (IPOs) that closed last week, grey market premiums (GMPs) have strengthened for three IPOs set to conclude this week
Housing finance company accounted for 23% of the FY23 volumes of around 1.8 trillion
The gains in public sector enterprises like Power Grid and Coal India also boosted sentiment
The move comes even as the Reserve Bank of India decided to keep the policy repo rate unchanged in the June review of monetary policy
For its general customers, HDFC Bank now offers interest rates that range from 3% to 7.25%, depending on the tenure of the deposit
The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results
This is likely due to a system upgrade that HDFC Bank is performing. It's important to note that DFC Bank is not affected by this outage.