HDFC gets National Housing Bank nod for merger with subsidiary bank
NEW DELHI: Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday. The NHB has also approved the merger of two wholly-owned subsidiaries — HDFC Investments and HDFC Holdings Limited — of the housing finance company with HDFC, the filing […]
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 […]
HDFC to acquire 10% stake in Kerala-based asset management firm
NEW DELHI: Mortgage lender HDFC Ltd on Monday said it will acquire 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML. “…the Corporation has today invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.90 per cent of its share capital issued on a private placement […]
HDFC, ICICI Bank and SBI, among top-10 lenders in 2020: Report
NEW DELHI: HDFC, ICICI Bank, SBI, Yes Bank, PNB and HSBC Bank emerged as the top-10 banks in 2020, while Google Pay and PhonePe were the top wallets among the customers, according to a report. The BFSI (banking, financial services and insurance) Movers and Shakers 2020 report by Wizikey talks about the top-100 banks in […]
HDFC disburses CLSS loans to over 2 lakh home buyers
NEW DELHI: In a regulatory filing on Sunday, the HDFC said that it approved over Rs 47,000 crore of home loans under CLSS to homebuyers belonging to the economically weaker section (EWS), low income group (LIG) and middle income groups (MIG). “Subsidy under PMAY amounting to over Rs 4,700 crore has been passed on to […]
Housing firm HDFC Ltd profit declines 10% to Rs 4,342 crore in Q4
NEW DELHI: Housing finance firm HDFC Ltd on Monday reported a 10 per cent decline in consolidated net profit to Rs 4,341.58 crore for the fourth quarter ended March 31. The company’s net profit (before adjustment of minority interest) was Rs 4,811.26 crore in January-March quarter of 2018-19. The board has proposed a dividend of […]
Nine of top 10 cos lose Rs 88,609 crore in m-cap; HDFC, TCS suffer the most
NEW DELHI: Nine of the 10 most valued firms suffered a combined erosion of Rs 88,609.87 crore in market valuation last week, with HDFC Bank and TCS taking the biggest knock. Reliance Industries Ltd (RIL) was the lone gainer among the top-10 frontline companies, adding Rs 11,415.21 crore to its market capitalisation (m-cap) for the […]
HDFC moves NCLT to keep mortgaged Jet Airways headquarters out of bankruptcy process
NEW DELHI: Mortgage lender HDFC on Thursday moved the NCLT seeking to keep the Jet Airways headquarters in the city out of the bankruptcy process. The HDFC counsel told the National Company Law Tribunal that three floors of the building are mortgaged with the lender. The tribunal will hear HDFC’s plea Friday along with the […]
HDFC sells further 4.22% stake in Gruh Finance for Rs 899 crore
NEW DELHI: Mortgage lender HDFC on Friday said it has sold over 4.22 per cent stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for Rs 899.43 crore. The sale of 3,10,00,000 equity shares representing 4.22 of the issued and paid-up share capital of Gruh was carried out […]
PMAY subsidy: HDFC disburses Rs 1,100 crore to 51,000 home buyers
NEW DELHI: Housing finance firm HDFC said on Sunday it has disbursed over Rs 1,100 crore subsidy to over 51,000 customers under the government’s flagship scheme Pradhan Mantri Awas Yojana (PMAY). HDFC has provided loans of over Rs 9,800 crore under PMAY-Credit Linked Subsidy Scheme (CLSS), to these customers belonging to EWS (Economically Weaker Section), […]