The share price of HDFC Bank surged 3.25 per cent on Monday after the Reserve Bank of India (RBI) lifted all the restrictions imposed on the lender regarding its business-generating activities under a programme called Digital 2.0. HDFC Bank was the second highest gainer among the 30 Sensex stocks. The […]
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Moody’s assigns Ba3 (hyb) to HDFC Bank’s proposed AT1 capital securities
Moody’s Investors Service on Monday assigned a Ba3 (hyb) rating to HDFC Bank Ltd’s proposed USD-denominated, undated, non-cumulative and subordinated additional tier 1 (AT1) capital securities. The Ba3 (hyb) rating is three notches below HDFC Bank’s baa3 baseline credit assessment (BCA) and adjusted BCA, reflecting the probability of impairment associated with non-cumulative coupon suspension as well as […]
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HDFC Bank acquires 7.4 percent stake in Virtuoso Infotech
Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced today the news of its first investment fundraise. India’s largest private sector bank HDFC and its subsidiary HDFC Securities Limited has acquired a 7.4 percent stake in Virtuoso Infotech. Virtuoso Infotech specializes […]
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HDFC Bank reports 14 pc jump in deposits at Rs 11.32 lakh crore
HDFC Bank, the second-largest lender in India by deposits, said on Monday its advances aggregated to Rs 11.32 lakh crore as of March 31, marking a growth of 13.9 percent over Rs 9.93 lakh crore a year ago. It also marked a growth of 4.6 percent over 1.08 lakh crore as […]
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SEBI imposes Rs 1 crore fine on HDFC Bank in BRH Wealth Kreators case
Stock market regulator SEBI has imposed a penalty of Rs one crore on HDFC Bank for invoking securities pledged by BRH Wealth Kreators in violation of the regulator’s interim directions. Besides, the private sector lender has been directed to transfer Rs 158.68 crore along with 7 percent interest per annum into an escrow account till the […]
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Indian shares trim weekly gains as HDFC Bank falls; Airtel jumps on MSCI review
Indian shares edged lower on Friday, dragged down by index heavyweights HDFC Bank and Housing Development Finance Corp, while Bharti Airtel jumped after MSCI Global Standard Indexes said it would review the weight of the telecom operator’s stock. The blue-chip NSE Nifty 50 index fell 0.5% to 14,519, while the […]
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HDFC Bank crosses $100 billion in market cap
HDFC Bank Ltd on Thursday crossed the $100 billion market capitalisation, becoming only the third firm in the country to achieve this milestone. The lender is now in the league of Reliance Industries Ltd, which has a market cap of $140.74 billion, and Tata Consultancy Services that has a market […]