Base rate is the minimum lending rate offered by any lender on loans issued before April 2016
The official said over 60 lakh cheque bounce cases are pending in the country and HDFC Bank has taken a lead by requesting the courts to use digital means to issue summons.
The promotions and increments of Sanghavi had allegedly envied some of his colleagues, which is suspected to be a reason of his killing.
Superior performance is not limited to just HDFC Bank as a lot of value is being created by its subsidiary – HDB Financial Services
The rupee ended below the 70-mark against the US dollar for the first time ever on August 16 and has lost 10 per cent so far this year amid global uncertainties and concerns over inflation.
Paresh Sukthankar was a contender (for the CEO position), unfortunately he has resigned, MD and CEO Aditya Puri told investors
The market capitalisation (m-cap) of Reliance Industries Limited (RIL) jumped Rs 17,270.09 crore to Rs 7,63,053.04 crore.
A veteran in HDFC Bank, Sukthankar was touted to be the natural successor to Aditya Puri, whose term ends in 2020
HDFC Bank’s chief Aditya Puri received Rs 92.31 lakh as deferred bonus, Axis Bank's Shikha Sharma got Rs 44.10 lakh, and ICICI Bank CEO Chanda Kochhar was richer by Rs 20.69 lakh.
The deposit of maturity 6-9 months would earn 6.75 percent, 40 basis points higher than previous rate.
The money has been raised through a mix of qualified institutions placement (QIP) in the domestic market and American Depository Receipts (ADRs) in the US market.
In a regulatory filing, the bank said: "the committee has approved the issue and allotment of 5,25,00,000 equity shares underlying the 1,75,00,000 ADRs to JP Morgan Chase Bank NA as depository pursuant to the ADR offering".
This will be one of the biggest QIP since the one done by SBI to raise Rs 15,000 crore in June 2017.
KR Choksey is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2627 in its research report dated July 23, 2018.
JM Financial is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated July 22, 2018.
Prabhudas Lilladher is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2492 in its research report dated July 22, 2018.
The Rs 8,500-crore infusion last week through a preferential allotment to parent HDFC will increase the common equity tier 1 (CET1) ratio by about 1 percentage points to 13.3 percent from 12.3 reported in March 2018, global rating agency Moody's Investor Service said in a report today.
We expect HDFC Bank’s considerable moat to aid sustainable high future earnings growth, notwithstanding its large size, making it a must own core holding among Indian equities
Investors could also take a note of proceedings in the Parliament along with global movements on oil as well.
Net non-performing assets (NPAs) or bad loans were at 0.4 per cent of net advances as on June 30, 2018 down from 0.44 per cent a year ago.
This is part of the bank's Rs 24,000 crore fundraising plan that was approved by the board of directors in December.
As on June 30, 2018, the promoter firm HDFC Ltd held 20.86 percent of the bank's equity capital.
Tata Consultancy Services (TCS) continued to rule the market cap chart followed by RIL, HDFC Bank, Hindustan Unilever Ltd (HUL), HDFC, ITC, Infosys, Maruti Suzuki India, Kotak Mahindra Bank and SBI in the week to Friday.
Experts reckon that stock-specific action is likely in the coming week as a lot of big corporate earnings (including those of nine Nifty stocks) are scheduled to be announced.
It said, "This loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC."