Contrary to the 50 percent profit growth number doing the rounds, HDFC Bank's consolidated PAT growth is only 10 percent, pointed out analysts as the base quarter numbers do not include HDFC Ltd's numbers
Reliance Industries continues to be the biggest Indian company by market capitalisation. Over the last 20 years, RIL has been the only stock to have stayed in the Top-10 league on the Nifty 50
Chakraborty also said that the bank will see fast growth with its wide branch network and the fast growing Indian economy
With the deal getting effective, HDFC Bank will be 100 percent owned by public shareholders, and existing shareholders of HDFC will own 41 percent of the bank
HDFC Limited acquired 36,42,290 equity shares of HDFC Ergo, representing 0.5097 percent of its total issued and paid-up share capital from ERGO International AG, the other promoter, the company said in a regulatory filing.
More than 50 percent stake by HDFC twins in insurance entities is a significant boost for HDFC Life, according to experts
As per Reserve Bank of India rules, these loans are not allowed for banks. Hence, HDFC Bank, in June 2022, asked its parent company to cut exposure to these loans.
The merger, expected to be completed by July, will change the rankings in India’s home loan market and push State Bank of India to second place.
Shares of HDFC Life Insurance Company Ltd surged by more than 8%, its maximum gains in one year, on April 24 after the Reserve Bank of India allowed the merged HDFC-HDFC Bank to increase its shareholding in HDFC Life and HDFC ERGO to more than 50%.
The corporation had assigned (sold) loans amounting to Rs 8,367 crore in the year-ago period, HDFC Ltd said in a regulatory filing.
The corporation had assigned loans amounting to Rs 7,468 crore in the corresponding quarter of the previous year, HDFC Ltd said in a regulatory filing.
Nuvama underlined that the most important criteria for a Nifty inclusion is that the stock should compulsorily be part of the derivatives segment.
This is the seventh rate increase undertaken by HDFC in the last five months.
The proposed combination envisages the merger of HDFC Investments and HDFC Holdings with HDFC Ltd in the first step and subsequently, the merger of HDFC Ltd into HDFC Bank
In April, Housing Development Finance Corporation (HDFC) had entered into a share purchase agreement for sale of 2,35,019 equity shares of HCAL, representing 10 percent of paid-up share capital, to a wholly-owned subsidiary of Abu Dhabi Investment Authority.
The investment from HDFC Ltd and HDFC Life Insurance to bolster Xanadu Realty’s strategic expansion initiatives.
Strong retail disbursements and pick-up in developer segment have aided the growth in revenues. Margins are impacted due to moderation in yields and excess LCR requirements
HDFC Bank's acquisition of HDFC Ltd, announced on Monday, will create an entity with a combined balance sheet worth $237 billion and will include the target's insurance and other financial subsidiaries.
What will be the home-loan interest rate applicable post merger? What about interest on deposits? Here are the answers to the most common queries from customers after the mega merger announcement
S&P said the merger will likely result in significant market-share gains for HDFC Bank, given HDFC (the parent) is the largest financier of mortgages in India.
The advantage of the merger was that the cost of borrowing for HDFC Ltd will come down, former chairman of SBI, Rajnish Kumar has said in a CNBC TV18 interview.
Out of 1,15,72,786 equity shares of Rs 10 each held by the Corporation in Hindustan Oil Exploration Company Ltd (HOEC), the Corporation has sold 28,89,638 shares representing 2.19 per cent of the paid-up share capital of HOEC, HDFC said in a regulatory filing on Friday.
At 9.24am, the scrip was trading at Rs 2386 on BSE, down 2.1% from its previous close.
Eleven lenders charge interest rates of 6.4-6.7 percent on home loans of Rs 75-lakh with 20-year tenures
The company's stake in HDFC ERGO General Insurance stood at 49.98 percent as of June 30, 2021, it said.