Page 2 - Hdfc Group

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

Bandhan Bank to launch credit card in Apr-May; Piush Jha to head the unit

Strengthens top management with ex HDFC, Citi, Axis bankers

How does the Swiggy HDFC credit card compare with other cashback cards?

Key benefits include a free 3-month Swiggy One membership and 1% cashback on other spends

HDB Fin Services to raise Rs 2,500 crore via debt capital for biz growth

After witnessing asset quality pressures in the aftermath of the pandemic, the finance company has improved its risk profile and health to support sustained growth in the loan book

HDFC Bank announces raising $750 mn through multi-year overseas bonds

Private lender mops up $300 mn via maiden sustainable finance bond

HDFC Bank sees period of consolidation as it absorbs mega merger: Report

Before the merger, the bank's return on equity was above 17 per cent, but it has since declined to 15.8 per cent as of December-end

HDFC Bank first lender to issue 20 million credit cards, shows data

HDFC Bank is the largest issuer of card issuers in the country, which commands over a fourth of the overall cards market in terms of numbers

HDFC Bank's ADR premium shrinks to nearly zero as FPIs turn bearish

Analysts scale back earnings growth estimates for the private sector lender

HDFC Life Q3 results: Profit rises 16% on higher investment income

The insurer's profit after tax rose to 365 crore rupees ($44.02 million) for the three months ended Dec. 31 from 315 crore rupees a year earlier

Financial planning for 2024, farmhouse luxury: Top personal finance stories

This week we advise on what to do about your money goals and how to plan a getaway investment in the greens

HDFC Bank's advances rise 62.4% to Rs 24.7 trn in December quarter

Retail deposits of the private sector major rose by Rs 53,000 crore during the quarter

M&A activities plunge 51% to $83 bn in 2023 amid funding winter: Report

In line with the global funding winter, deal-making involving domestic firms hit a three-year low after falling 51 per cent to USD 83.8 billion in 2023, saved by the mega-merger of HDFC twins -- the biggest deal in India Inc's history till date, according to an industry report. Excluding the USD 60.4-billion HDFC Bank-HDFC merger, year-on-year deal value comparison would have been down by another 23 per cent, as per LSEG Deals Intelligence, formerly Refinitiv, one of the world's largest providers of financial markets data. The bleak global deal environment translated into fewer mega deals in 2023. As a result, there was only one deal above USD 3 billion in the year -- the HDFC Bank-HDFC USD 60.4 billion deal -- compared to five deals in 2022, Elaine Tan, senior manager at LSEG Deals Intelligence said in a note on Thursday. However, in terms of the volume of deals, it was a minimal 1.7 per cent decline on-year, indicating that a healthier level of mid-market transactions dominated t

Nephrocare India raises Rs 8.08 crore in pre IPO round, eyes 300 clinics

Founded in 2014, Nephrocare India operates three kidney care clinics in West Bengal and a flagship holistic healthcare facility in Salt Lake, Kolkata

HDFC Bank gets board nod for extension to Atanu Chakraborty as chairman

Country's biggest private sector lender HDFC Bank on Wednesday said its board has approved three years extension to Atanu Chakraborty as non-executive chairman. The board has recommended the re-appointment of Chakraborty as the part-time non-executive chairman and independent director of the bank to the Reserve Bank of India (RBI), for a second term of three years with effect from May 5, 2024 to May 4, 2027, HDFC Bank said in a regulatory filing. The re-appointment will be subject to the approval of the RBI and the shareholders of the bank, it said. He was appointed chairman of the bank in May 2024. Chakraborty, a 1985 batch IAS officer of Gujarat cadre, retired as Secretary of Department of Economic Affairs in April 2020. Prior to that, he was Secretary of Department of Investment and Public Asset Management (DIPAM). Both departments come under the finance ministry.

2023 sees record Rs 8.8 trn corp bond, NCD issuances amid favourable market

Market participants said the corporate bond market showcased resilience and promise in 2023

HDFC bank raises Rs 7,425 crore through infrastructure bond issue

Private sector HDFC Bank on Wednesday said it has raised Rs 7,425 crore via non-convertible bonds for funding infrastructure and affordable housing projects. The bank issued and allotted on Wednesday on a private placement basis 7.71 per cent unsecured, redeemable, long-term, fully paid up, non-convertible bonds in the nature of debentures, HDFC Bank said in a regulatory filing. As many as 7,42,500 bonds of face value Rs 1,00,000 each were issued to raise Rs 7,425 crore for funding infrastructure and affordable housing projects, it said. The bank issued 7,42,500 bonds of face value Rs 1 lakh each, it said.

M&A deals plummet to $70.9 bn in 2023, down 63% from previous year's high

Statistics collated from Bloomberg show that M&A deal values have crossed the $100 billion mark since 2018

Srinivasa Rangan to look after corporate affairs in HDFC Bank, subsidiaries

Role involves oversight of all group companies and other responsibilities

HDFC Securities launches mobile trading app HDFC SKY on AWS cloud

Amazon Web Services (AWS) on Monday said HDFC Securities, which is among the leading investment service providers in India, has launched its mobile trading app, HDFC SKY on the AWS cloud. With AWS, HDFC Securities is expected to reduce its annual IT infrastructure and management costs by up to 50 per cent as compared to using on-premises infrastructure. AWS, Amazon's cloud computing unit, has recently outlined plans to invest USD 12.7 billion in cloud infrastructure in the country by 2030 as it looks to meet growing customer demand for cloud services. "AWS, an Amazon.com company, announced today that HDFC Securities Ltd., one of the leading investment service providers in India, launched its new mobile trading app, HDFC SKY, on the world's most comprehensive and broadly adopted cloud," according to the release on Monday. With AWS India as its preferred cloud provider, HDFC Securities is providing a secure and low-latency trading service for the growing number of tech-savvy retail .

Markets log gains for second day on buying in Reliance, HDFC Bank

The Nifty advanced 93.65 points or 0.49 per cent to 19,140.90