Reserve Bank allows HDFC Bank to sell new credit cards
NEW DELHI: HDFC Bank on Wednesday said RBI has relaxed the restrictions placed on the bank to issue new cards. Reserve Bank of India (RBI) had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking / payment utilities of the bank over the past […]
HDFC Bank’s Aditya Puri highest paid, ICICI Bank Sandeep Bakshi forgoes salary in Covid-19 year
NEW DELHI: HDFC Bank’s Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed […]
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 […]
HDFC Bank third quarter net profit rises 14.36% to Rs 8,760 crore
NEW DELHI:The country’s largest private sector lender HDFC Bank on Saturday reported a 14.36 per cent jump in consolidated net profit to Rs 8,760 crore for the December quarter. At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 […]
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 […]
HDFC Bank Q2 net profit rises 16% to Rs 7,703 crore
NEW DELHI: HDFC Bank on Saturday reported a 16 per cent rise in its consolidated net profit at Rs 7,703 crore for the second quarter ended September 30. The private sector lender had posted a consolidated net profit of Rs 6,638 crore in the corresponding quarter a year ago. Total consolidated income during the quarter […]
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 finalises three candidates to succeed Aditya Puri
NEW DELHI: HDFC Bank on Saturday said its board has finalised three candidates, in order of preference, to succeed CEO and MD Aditya Puri, but did not disclose the names, saying they will be communicated to the RBI. Puri has been the head of the lender since its incorporation 25 years ago and has led […]
HDFC Bank’s Q4 consolidated net profit rises 15.4% to Rs 7,280 crore
NEW DELHI: Private sector lender HDFC Bank on Saturday reported a 15.4 per cent rise in consolidated net profit at Rs 7,280.22 crore for the fourth quarter of 2019-20. The bank had posted a net profit of Rs 6,300.81 crore during the corresponding January-March period of 2018-19. The consolidated total income during the March quarter […]
HDFC Bank cuts MCLR by 0.10% across tenors
NEW DELHI: Largest private sector lender HDFC Bank on Tuesday has cut its lending rates by 0.10 percent across all tenors, effective Wednesday, sources said. The move comes a day ahead of the policy review by the Reserve Bank, which is reportedly peeved at lenders for not passing on its three consecutive rate cuts of […]
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 […]
HDFC Bank to hire 5,000 freshers through tie-ups with institutes over 3 years
NEW DELHI: Changing skill requirements in the digital era have led the largest private sector lender HDFC Bank to announce a gradual shift in its fresher intakes to exclusive tie-ups with training institutes, where graduates are taught for a year before being hired. The bank on Wednesday announced a tie-up with Manipal Global Academy of […]
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 to begin global search for MD Aditya Puri’s successor
NEW DELHI: The largest private sector lender HDFC Bank has decided to begin a global search to find a successor to the founding-chief executive Aditya Puri, who retires in October 2020. Meanwhile, Puri, the managing director and chief executive since 1994 when the bank was set up, has seen a whopping 41 percent increase in […]
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 […]