Banks (Finance)
HDFC Bank Limited's Board of Directors met on July 20, 2024, to discuss several key matters. The meeting began at 11:00 a.m. and concluded at 4:45 p.m. The Bank announced two significant decisions: the in-principle approval to list its subsidiary, HDB Financial Services Limited
Banks (Finance)
The historic merger of HDFC Bank Ltd and Housing Development Finance Corp has catapulted HDFC Bank to the top of the Indian banking league, surpassing its counterparts State Bank of India and ICICI Bank, and placing it among the world's top four banks. The new entity has a
Banks (Finance)
The Indian stock market saw a significant surge on Wednesday, June 28, with the BSE Sensex reaching a new lifetime high of 63,948.84. This remarkable increase was driven by key index heavy weights such as Reliance Industries, HDFC Bank, Infosys, Larsen & Toubro (L&T), and HDFC.
Banking industry
HDFC Bank's much-anticipated "Accelerate Auto Expo" is set to kick off on April 23, 2022, in Kolkata's popular South City Mall. The two-day event promises to be one of India's largest motor shows, with participation from 20 car manufacturers and two-wheeler brands.
Banks (Finance)
Chinese banks continue to hold a significant position in the Asia-Pacific banking landscape, accounting for six of the top 10 slots by assets in 2021, according to S&P Global Market Intelligence. Indian banks, however, have started to make notable inroads, with ICICI Bank entering the top 50 list
Banks (Finance)
The State Bank of India, India's largest commercial bank, raised the marginal cost of funds-based lending rates (MCLR) for the first time in three years, signaling the end of the soft rates regime that has prevailed since 2019. The bank increased the MCLR by 10 basis points (bps)
Banking industry
India's largest banking industry is set to undergo a significant transformation with the merger of HDFC Bank and HDFC Ltd, a mega-scale deal that mirrors the US banking industry's trajectory. The four US big banks, comprising 40% of the total assets, have emerged as a result
Banks (Finance)
The Indian banking sector is poised for significant changes as HDFC Ltd, the country's largest private lender, and its largest shareholder, HDFC Bank, announced their plans to merge. According to regulatory filings, the merged entity will become the country's second most valuable listed company, with a
Banks (Finance)
HDFC Bank and Shoppers Stop have announced the launch of a new range of co-branded credit cards exclusively for 80 lakh "First Citizen" customers of the retail chain. This move comes as a response to the growing consumer spending and increasing footfalls at Shoppers Stop stores. The co-branded
Banking industry
HDFC Bank, India's largest private lender, has successfully raised $1 billion in the largest sale of overseas additional tier-1 (AT1) bonds by an Indian bank. The robust demand for the bonds, which was $4.5 billion, indicates that overseas investors have ignored concerns about the AT1 bonds that
Banking industry
HDFC Bank's shares surged 1.61% to 1,539.10 per piece after the Reserve Bank of India (RBI) lifted an eight-month-long ban on the lender imposed over the issuance of new credit cards. This decision has been seen as a positive sign, leading to a rise in
Banking industry
Multiple Indian companies are gearing up for a big day, with several key earnings reports, IPO debuts, and significant business developments in the pipeline. Among the notable announcements, HCL Technologies, HDFC Life Insurance, and ACC are expected to release their quarterly earnings today. GR Infraprojects and Clean Science and Technology
