HDFC Bank to add 1,500-2,000 branches every year for five years

HDFC Bank MD and CEO Sashidhar Jagdishan said that the bank proposes to nearly double its network of branches in the next three to five years by opening 1,500 to 2,000 branches every year.

published on : 22nd June 2022

Banks raise fixed deposit rates amid rising inflation

SBI, IDBI Bank, HDFC Bank and Bank of Baroda have raised fixed deposit rates, days after the RBI raised the repo rate at which it lends to banks by 50 bps to 4.9%. 

published on : 16th June 2022

HDFC Bank increases lending rates by 0.35 per cent; second hike in two months

As per the new rate structure published on its website, HDFC Bank increased its Marginal Cost of funding based Lending Rate by 0.35 per cent from June 7.

published on : 7th June 2022

Chennai: HDFC Bank customers become millionaires for few seconds thanks to technical glitch

Several customers of HDFC Bank noticed that their account balances shot up to as much as Rs 13 crore overnight on Sunday.

published on : 30th May 2022

Markets open lower after two day rally, Sensex tumbles 667 points in early trade

The BSE benchmark Sensex was trading 666.85 points lower at 57,244.83. The Nifty also declined 196.55 points to 17,196.05.

published on : 22nd April 2022

Equity markets witness drastic fall

NSE Nifty fell 302 points, while BSE Sensex plunged 1,172 points on weaker Q4 earnings

published on : 19th April 2022

Lacklustre show by HDFC Bank, Infosys drag markets lower

The Nifty traded down 1.8% or 308 points at 17167 while Sensex was down 2%, or over 1000 points, at 57172  at 12 pm IST.

published on : 18th April 2022

HDFC Bank net profit up 22.8 per cent in Q4FY22, misses street estimate

Net interest income, the difference between interest earned and interest expended, grew 10.2% to Rs 18,872.7 crore.

published on : 17th April 2022

Merged HDFC Bank to narrow vital gap with SBI 

On the P&L front the pre-provisioning operating profit of the merged entity could potentially exceed that of the country’s largest bank.

published on : 7th April 2022

HDFC Bank plans to raise up to Rs 50,000 crore by issuing bonds

Earlier this week, HDFC Bank agreed to take over its parent and the country's largest mortgage lender HDFC Ltd, as part of its strategy to fuel growth, especially in the affordable housing segment.

published on : 6th April 2022

HDFC twins continue to decline for second day on profit-taking

On Monday, shares of HDFC and HDFC Bank had witnessed heavy buying and settled with nearly 10 per cent gains post announcement of their proposed merger.

published on : 6th April 2022

Sensex tumbles over 430 pts; Nifty slips below 18,000

HDFC Bank was the top loser in the Sensex pack, followed by Bajaj Finserv, HDFC, Kotak Bank, IndusInd Bank, Bajaj Finance, and Reliance Industries.

published on : 5th April 2022

Cost of funds, product coverage led to merger of HDFC with HDFC Bank

The proposed transaction will reduce the Bank’s exposure to unsecured loans

published on : 5th April 2022

Merged HDFC to be a banking behemoth

HDFC shareholders will own 41% of the merged entity, making the structure relatively more lucrative for them. 

published on : 5th April 2022

Market rally: Investor wealth jumps over Rs 4.5 lakh crore

Reflecting bullish investor sentiments, the 30-share key index Sensex surged 1,335.05 points or a whopping 2.25 per cent to reclaim the 60,000-level.

published on : 4th April 2022
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