Tag: HDFC Bank

Seven of top-10 most valued firms add over Rs 1.15 lakh crore to m-cap; RIL lead gainer

NEW DELHI: Seven of the top-10 most valued companies together added Rs 1,15,898.82 crore in market valuation last week, with Reliance Industries grabbing the top spot. Last week, the 30-share BSE Sensex jumped 677.17 points or 1.31 per cent. Reliance Industries, HDFC Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra […]

Nine of top-10 firms gain Rs 2.41 trillion in market capitalization; HDFC Bank, RIL lead chart

NEW DELHI: Nine of the 10 most valued companies together added Rs 2,41,177.27 crore in market valuation last week, in line with a strong broader market, with HDFC Bank and Reliance Industries topping the list. During the last trading week, the 30-share BSE benchmark Sensex jumped 1,807.93 points or 3.70 per cent. From the top-10 […]

Lower home loan interest rates to continue for the next 12 months, to push home sales: Keki Mistry

NEW DELHI: Calling the existing home loan rates the lowest in the last four decades, Keki Mistry, Vice Chairman and CEO, HDFC Limited has predicted that the the lower interest rates regime will continue for another six to twelve months that will give the best home buying opportunity for the home buyers. He was speaking […]

Your jobs, increments, bonuses are secure: Aditya Puri to HDFC Bank employees

NEW DELHI: HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has assured employees of the country’s largest private sector lender that their jobs and bonuses are secure. Even as the COVID-19 pandemic rages on, Puri, who retires later this month, said the bank is doing well, has sufficient capital and does not have […]

HDFC Bank reports 18.04% jump in Q1 consolidated net at Rs 5,676.06 crore

NEW DELHI: Private lender HDFC Bank on Saturday reported an 18.04 per cent increase in its consolidated net profit at Rs 5,676.06 crore for the April-June quarter on the back of healthy growth in core income and restricted bad loan proportions. The bank’s net profit during the similar April-June quarter of the previous fiscal stood […]

Reserve Bank of India fines HDFC Bank Rs 1 crore for violation of KYC norms

NEW DELHI: Reserve Bank of India (RBI) on Tuesday fined country’s largest private sector lender HDFC Bank Rs 1 crore for not reporting frauds and non-compliance with other directions. The fine pertains to submission of forged bill of entries (BoEs) by certain importers to HDFC Bank for remittance of foreign currency, the RBI said. “Examination […]

HDFC Bank has no plans to cut down branch expansion to focus on tech

NEW DELHI: Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said on Monday. It can be noted many banks globally are focusing on technology more than the physical presence in recent times. “Absolutely not,” HDFC Bank’s managing director and chief executive […]

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