HDFC Bank Ltd News

Markets

Upcoming IPO: HDFC Bank’s NBFC arm HDB Financial Services files DRHP for IPO with SEBI

Upcoming IPO: HDB Financial Services Limited has filed a draft red herring prospectus with SEBI for an IPO worth ₹12,500 crore. The offering includes a new equity issue and an offer for sale by HDFC Bank, targeting underserved customers through various loan products.

1 min read31 Oct 2024
Industry

HDFC Bank says moderation in credit growth opportunity to improve loan-deposit ratio

The bank’s CD ratio had jumped from 86-87% earlier to 110% following the amalgamation of erstwhile parent HDFC Ltd effective July 2023. The ratio is currently at around 100%.

4 min read20 Oct 2024
Industry

HDFC Bank aims to close $1 billion loan sale deal in September to improve credit-deposit ratio

HDFC Bank aims to complete a planned sale of loans worth more than 90 billion rupees ($1.08 billion) - its largest to date - by the end of September, three sources aware of the matter told Reuters on Thursday.

1 min read19 Sep 2024
Industry

Why HDFC Bank turned down MUFJ’s overtures on HDB Financial

Some HDFC Bank board members were keen on the deal, but after much debate, the board took a collective call to not risk missing the listing deadline, people aware of the development said. HDBFS is mandated to go public by September 2025, as per RBI guidelines

3 min read4 Sep 2024
Markets

HDFC Bank Q1 results today. Net profit to rise but CASA may deteriorate

Q1 results today: HDFC Bank may report softness in advances and deposits after weak business update, say experts

2 min read20 Jul 2024
Money

Fixed Deposits: These six banks offer highest interest rates on five-year FDs. Check details

Most banks typically offer a high rate of interest on long-duration fixed deposits. Conversely, short-duration term deposits give a relatively lower rate of interest.

2 min read14 Jul 2024
Markets

HDFC Bank share declines after BofA downgrades stock to ‘neutral’, cuts target price

BofA analysts predict a narrow risk-reward range for HDFC Bank’s stock over the next 12 months, following its 20 percent rise from February lows, partly driven by index weight optimism.

1 min read10 Jul 2024
Money

Home Loans: Top 5 banks including HDFC, SBI with lowest rates of interest – check full list

HDFC Bank charges interest rate on its home loan in the range of 9.4 to 9.95 percent per annum. SBI charges a rate that hovers between 9.15 percent and 9.75 percent based on the borrower’s CIBIL score.

2 min read26 Apr 2024
Industry

HDFC Bank to focus on improving return on assets: CEO

HDFC Bank reported a 37% y-o-y growth in net profit in Q4 on higher net interest income and HDFC Credila stake sale. It reported a sequential growth of 0.85% in net profit owing to higher provisions and lower growth in net interest income - the difference between interest earned and paid.

3 min read21 Apr 2024
Markets

HDFC Bank, ICICI Bank to IndusInd Bank — 4 Nifty Bank stocks give breakout today. Do you own any of them?

Breakout stocks: Four Nifty Bank shares HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and IndusInd Bank have given a fresh breakout on chart pattern, say experts

3 min read8 Apr 2024
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