Page 8 - Hdfc Bank

HDFC foreign legroom rises but misses index provider MSCI threshold

The rally was on the back of an encouraging business update for the March quarter where HDFC Bank's deposit growth remained robust and the loan-to-deposit ratio fell

HDFC Bank reports over 7% QoQ growth in deposits in Q4FY24; stock zooms 3%

The bank said its total deposits stood at Rs 23.8 trillion at the end of the March quarter

Securitisation volume growth slows to 4% in FY24 on HDFC merger: ICRA

The overall securitisation volume growth slowed to 4 per cent in FY24 to Rs 1.88 lakh crore due to the impact of the HDFC twins merger, domestic rating agency Icra said on Thursday. In FY23, the securitisation volume had grown by 33 per cent to Rs 1.80 lakh crore, and mortgage major HDFC was the biggest originator. In a report, the agency said it expects the volume of securitisation - where a lender typically transfers the future receivables on a loan asset against upfront payment - to cross Rs 2 lakh crore in FY25. "The increasing share of co-lending by NBFCs (non-bank finance companies) and HFCs (housing finance companies) would challenge the growth in the securitisation market, though at this juncture we expect an increase in both forms of funding," Icra's group head for structured finance ratings Abhishek Dafria said. He added that if HDFC is excluded, the securitisation volumes grew 25 per cent during the fiscal year. "The increase in volumes was driven by both existing large

Sumant Rampal appointed as head of HDFC Bank's mortgage business

Before the new role, Rampal was the Group Head - Business Banking Working Capital, Rural Banking Group, and Sustainability Livelihood Initiative at HDFC Bank

HDFC Bank completes Rs 9,553 cr stake sale in education unit HDFC Credila

Central bank had asked private lender to reduce its shareholding in HDFC Credila

RBI declines request to classify HDFC Ltd bonds as infrastructure bonds

HDFC bank had sought the RBI's approval to classify bonds with maturities between 7-10 years, worth around Rs 1.2 trillion, as infrastructure bonds

HDFC Bank closes $1.15 bn stake sale in education finance arm HDFC Credila

The conclusion of the deal comes ahead of HDFC Bank's fourth-quarter results next month

HDFC Bank raises Rs 2,910 cr via infrastructure bonds for funding projects

The issue size was Rs 1,000 crore with a green shoe option of Rs 2,000 crore, debt market sources said. These bonds carry an "AAA" rating from CRISIL

Poonawalla Fincorp announces appointment of Arvind Kapil as MD & CEO

The current MD & CEO of the company, Abhay Bhutada, has been elevated to a group-level role

HDFC Top 100 Fund: The top 30% ranking and steady asset growth

The fund's month-end assets under management (AUM) increased from Rs 17,715 crore in January 2021 to Rs 30,980 crore in January 2024. Rahul Baijal has been managing this fund since July 2022

Bright spots: India and Indonesia, shining stars in earnings constellation

Nomura's analysis reveals that India's beat-to-miss ratio stands at 13 per cent, second only to Indonesia, which is at 38 per cent

Paytm parent One97 Communications plans partnership with 4 banks for UPI

UPI payments on the Paytm app will likely redirected to SBI, HDFC Bank, Axis Bank, and Yes Bank for settlement, if Paytm Payments Bank operations cease after March 15

Mutual funds sell 25% in Paytm holding, continue to lap up HDFC Bank

Reliance Industries along with HDFC Bank remain the top mutual funds buys for 2nd straight month

After muted Q3 results, HDFC Bank stock may have bottomed out

However, HDFC Bank seems to have bottomed out in mid-February when it hit a 52-week low of Rs 1,363

Identity security firm IDfy raises $27 mn for business expansion

Company's products help in employee background verification, risk and fraud mitigation

High gap between credit, deposit growth to impact loan sales, NIMs: Report

The continuing gap between credit and deposit growth rates is likely to impact both future loan sales as well as net interest margins of banks, says a report. Credit off-take grew at 20.3 per cent in this fiscal so far while deposits grew at a slower pace of 13.6 per cent YTD, according to the report by Care Ratings. The gap between credit off-take and deposit growth rates has resulted in a lower liquidity coverage ratio (LCR) while private banks led by HDFC Bank are reporting lower LCR than their public sector peers. According to a Care Ratings analysis, HDFC Bank has seen the highest fall from 120 per cent in the July-September quarter of FY24 to around 102 per cent in the third quarter, followed by ICICI Bank and Axis Bank at 118 per cent each for both quarters. On the other hand, the largest lender SBI has around 140 per cent in the second quarter and around 137 per cent in the third quarter of the current fiscal, while PNB and BoB has over 140 per cent each for both quarters.

Credit card issuance: HDFC Bank widens gap with nearest rival SBI Card

The total number of credit cards in circulation was 99.5 million in January 2024, steadily rising from 97.9 million in December 2023

HDFC Bank, ITC: 5 Nifty stocks trading far away from their 52-week highs

Among these five, HDFC Bank, ITC and UPL can potentially rally up to 10 per cent; Whereas, Hindustan Unilever and Asian Paints can crack another 25 per cent, suggest charts.

Conscious call not to accept high cost deposits, says HDFC Bank CEO

HDFC Bank shares came under pressure after the Oct-Dec earnings numbers due to slower than expected growth in deposits and compression in net interest margin

Bank stocks outperform markets on Tuesday; HDFC Bank rises 2%; here's why

Shares of HDFC Bank gained 2 per cent to Rs 1,447.5 apiece in the intraday trade after global brokerage Citi gave a 'buy' rating