Page 3 - Hdfc Group

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

HDFC AMC Q2 results: Net profit rises 20% to Rs 436.5 cr, revenue grows

HDFC Asset Management Company (AMC) on Thursday reported a 20 per cent jump in profit after tax to Rs 437.6 crore for the quarter ended September. In comparison, the fund house posted a Profit After Tax (PAT) of Rs 364.1 crore in the same quarter last year, HDFC AMC said in a regulatory filing. Revenue from operations rose 18 per cent to Rs 643.1 crore in the quarter under review from Rs 544.7 crore in the three months ended September 30, 2022. The company's average assets under management grew to Rs 5.24 lakh crore in the latest September quarter from Rs 4.3 lakh crore in the year-ago period, with a market share of 11.2 per cent. The company has 79 lakh individual mutual fund customers, with 136 lakh live accounts. Shares of HDFC AMC marginally declined to close at Rs 2,743 apiece on the BSE.

Securitisation activity unaffected by HDFC merger, surges 35% in H1: CRISIL

Securitisation volumes have grown 35 per cent to over Rs 1 lakh crore in the first half of the current fiscal, domestic ratings agency Crisil said on Thursday. The overall volume of securitisation -- wherein one lender bunches up a loan or a set of loans and passes on the future receivables to another financier against an upfront payment -- had stood at Rs 75,000 crore in the April to September period, it said. It attributed the jump in activity to banks' continued interest in retail assets, and strong credit growth among originating Non-Banking Financial Companies (NBFCs). The volume remained unfazed by the exit of a large housing finance company (HFC) from the securitisation space in the second quarter of this fiscal, following its merger with an affiliate bank. "The exit of one of the largest originators last quarter has been more than made up by other financiers. The overall first-half volume is now trending in line with pre-pandemic levels when the FY20 volume had touched Rs 1

HDFC Bank disburses Rs 48k crore home loans in Q2, Casa ratio falls

The bank's retail loan book surged 85 per cent over the previous quarter and 111.5 per cent over the same period year ago

HDFC Bank revamps top management, seeks to propel mortgage business

HDFC agreed last April to acquire the country's largest mortgage lender in a deal valued at about $60 billion to ride a boom in home loans and consumer spending

India's M&A deal value falls to lowest in the last five years, shows data

Deal value falls 69% in first nine months of 2023

RBI allows HDFC AMC's stake acquisition in DCB Bank, Karur Vysya, 2 others

Federal Bank, Karur Vysya have to ensure that acquisition does not exceed 9.5% of their paid-up share capital

HDFC Bank-Diners Club eyes B2B space to grow credit card business

In the B2B segment, HDFC Bank has a Flipkart-Diners wholesale card, which is typically offered to small retailers who normally make purchases from different distributors

HDFC Bank stock anticipates $600 mn in inflows from passive trackers

HDFC Bank shares have already outperformed the market over the past three trading sessions, with a 3 per cent increase

Sold Credila as merger required lengthy regulatory approval process: Parekh

On July 1, housing finance major HDFC completed the reverse merger with its subsidiary HDFC Bank

HDFC Bank chief Jagdishan flags funding risk in first post-merger AGM

HDFC Bank Chairman Atanu Chakraborty, on the other hand, expressed confidence that the private sector lender would benefit from the low cost of funds that a bank traditionally enjoys

How HDFC-HDFC Bank merger impacts shareholders and mutual fund investors

Every HDFC shareholder has got 42 shares of HDFC Bank for every 25 shares they hold.

HDFC's exit creates an opportunity for wholesale NBFCs in debt market

13 NBFCs raised Rs 12,551 crore in July so far

Merged HDFC Bank to report Q1FY24 results on July 17; here's what to expect

HDFC Bank Q1 results preview: Analysts will be glued to the management's earnings growth guidance for the merged financial behemoth

HDFC Bank gets six months to move HDFC clients to external benchmark

It is mandatory for banks to link retail loans and loans to micro, medium and small enterprises to an external benchmark

In HDFC Bank integration process, 70% of HDFC top executives to retire

The absence of the leadership from HDFC is likely to make the integration process smoother and faster as the leadership from the HDFC bank will drive the process

HDFC Hybrid Equity Fund: A good balance between returns and safety

The scheme's investment objective is to generate capital appreciation/income from a portfolio, predominantly comprising equity and equity-related instruments

Shares of HDFC twins down 3% each as its loan growth figure falls to 15%

HDFC Bank (merged entity) reported gross loan growth of 15 per cent compared to a standalone loan growth of 20 per cent, an analyst pointed out

LTIMindtree to replace HDFC on Nifty50 benchmark with effect from 13 July

LTI's inclusion in the Nifty50 index will result in inflows of Rs 1,450 crore ($177 million) from passive trackers, as per a note by IIFL Alternative Research

Explained: How HDFC-HDFC Bank merger will impact equity mutual funds

Several investors are concerned that since both stocks are among the widely held scrips in their portfolios, it could result in a fire sale of the entity at a beaten-down price.