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 2024The 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 2024HDFC 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 2024Some 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 2024Q1 results today: HDFC Bank may report softness in advances and deposits after weak business update, say experts
2 min read20 Jul 2024Most 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 2024BofA 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 2024HDFC 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 2024HDFC 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 2024Breakout 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 2024The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared