HDFC Bank to Consider Bonus Shares and Special Interim Dividend
HDFC Bank is set to hold a board meeting on July 19 to discuss issuing bonus shares and a special interim dividend for shareholders. The move comes as the bank has reported strong financials, with a net profit of Rs 67,347.4 crore and a total balance sheet of Rs 39.10 lakh crore as of March 2025. The bank's shares jumped 1.33 percent to Rs 2,021.90 after the announcement, giving a positive push to investors.
Key Takeaways:
- HDFC Bank's board meeting on July 19 will consider issuing bonus shares and a special interim dividend.
- The bank has reported a net profit of Rs 67,347.4 crore and a total balance sheet of Rs 39.10 lakh crore as of March 2025.
- The bank's shares jumped 1.33 percent to Rs 2,021.90 after the announcement, indicating a positive response from investors.
- HDFC Bank's Managing Director & CEO Sashidhar Jagdishan has expressed confidence in the bank's performance, expecting to grow its loans and advances in line with the industry this year and beat industry growth next year.
- The special dividend will be a one-time cash reward for shareholders, subject to their approval.
- Bonus shares will be issued free of cost to existing shareholders, also subject to their approval.
- HDFC Bank will consider shareholder approvals for the bonus shares and special dividend during the board meeting.
Statistics:
- Net profit: Rs 67,347.4 crore (as of March 2025)
- Total balance sheet: Rs 39.10 lakh crore (as of March 2025)
- Share price jump: 1.33 percent (to Rs 2,021.90)
- Industry growth expectation for 2025: In-line with the industry
- Industry growth expectation for 2026: Will beat industry growth
Sources:
- HDFC Bank
- Contify.com
- Indian National Press (Bombay) Pvt. Ltd.