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FOUND: 2 | Mind Blowing Facts

HDFC gets NHB nod for proposed merger with subsidiary bank

NEW DELHI: Mortgage major HDFC has received approval from the National Housing Bank (NHB) for its merger with subsidiary HDFC Bank, a regulatory filing said on Tuesday.

The Times of India

PFRDA gives nod to HDFC, HDFC Bank merger proposal

NEW DELHI: HDFC Bank on Friday said it has received pension fund regulator PFRDA nod for the merger proposal of its parent HDFC Ltd with itself.

The Times of India

HDFC Bank hikes MCLR by 0.20% in third consecutive increase in rates

MUMBAI: The country's largest private sector lender HDFC Bank on Thursday announced a 0.20 per cent hike in its marginal cost of funding based lending rate across all tenors.

The Times of India

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Here's How Much $100 Invested In HDFC Bank 20 Years Ago Would Be Worth Today

HDFC Bank (NYSE:HDB) has outperformed the market over the past 20 years by 4.11% on an annualized basis producing an average annual return of 11.14%. Currently, HDFC Bank has a market capitalization of $101.65 billion.

Benzinga

HDFC Bank to add 1,500-2,000 branches every year for 5 years

NEW DELHI: HDFC Bank proposes to double its network of branches in the next three to five years by adding 1,500 to 2,000 branches annually, which would akin to adding a new HDFC Bank every five years, said its managing director and CEO Sashidhar Jagdishan.

The Times of India

Adani Group fastest in valuation growth at 88%, Mukesh Ambani-led RIL up 13.4%: Report

MUMBAI: The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore, a report said on Wednesday.

The Times of India

$1000 Invested In HDFC Bank 10 Years Ago Would Be Worth This Much Today

HDFC Bank (NYSE:HDB) has outperformed the market over the past 10 years by 2.31% on an annualized basis producing an average annual return of 13.04%. Currently, HDFC Bank has a market capitalization of $97.22 billion.

Benzinga

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Mortgage market to double in 5 years: HDFC chairman

MUMBAI: HDFC chairman Deepak Parekh has said that the size of the mortgage market will double to $600 billion in five years and a banking structure is the best way to tap this opportunity. In his letter to shareholders, the corporation’s chairman called for shareholders’ patience as HDFC navigates through…

The Times of India

Tata Group most valuable Indian brand: Top UK firm

NEW DELHI: The Tata Group remains the most valuable Indian brand and its oldest company — Taj Hotels — has emerged as the strongest brand in India, according to UK-based Brand Finance (BF), which is the world's leading sectoral valuation consultancy.

The Times of India

Credit card spending online nearly Rs 30,000 crore higher than swipes in March: RBI data

NEW DELHI: Credit card spending online was nearly Rs 30,000 crore more than the spending done through swipes at points of sale in March, indicating an increased preference among people for e-commerce purchases.

The Times of India

HDFC Bank, Canara, BoM, Karur Vysya raise lending rates

NEW DELHI: HDFC Bank, Canara Bank, Bank of Maharashtra and Karur Vysya Bank on Monday said they have revised their lending rates based on marginal cost of funds and repo rate.

The Times of India

Curbs gone, HDFC Bank readying to launch slew of digital initiatives

NEW DELHI: Having issued over 21 lakh cards since lifting of curbs last year, the country's largest private sector lender HDFC Bank is planning to launch a slew of digital initiatives over the next few quarters, a top official said.

The Times of India

HDFC Bank shares tumble nearly 5%; mcap down Rs 38,541.51 crore

NEW DELHI: Shares of HDFC Bank on Monday fell nearly 5 per cent even after the leading private sector lender reported a 23 per cent jump in standalone net profit for the March quarter.

The Times of India

Sensex crashes 1,172 points; Nifty settles at 17,174: Top reasons for today's fall

NEW DELHI: Equity indices plunged on Monday with the benchmark BSE sensex falling over points dragged by IT and banking stocks.

The Times of India

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The Hindu

Morning Digest | India objects to WHO methodology for calculating COVID-19 death toll; Delhi, U.P. on high alert after violence; and more

A select list of stories to read before you start your day

The Times of India

HDFC chairman Deepak Parekh calls on finance minister

NEW DELHI: HDFC Ltd chairman Deepak Parekh on Monday called on finance minister Nirmala Sitharaman amid the proposal of a merger of the mortgage firm with its banking subsidiary HDFC Bank.

The Times of India

Sensex surges 1,335 points to reclaim 60,000-mark; Nifty settles at 18,053: What led to market rally

NEW DELHI: Domestic benchmark indices surged to 2 and half month high on Monday by gains in private lender HDFC Bank and mortgage lender Housing Development Finance Corp after the companies decided to merge their operations.

The Times of India

Explained: Why did HDFC merge with HDFC Bank and what this deal means for investors

NEW DELHI: Mortgage lender HDFC will merge with HDFC Bank to create India's third-biggest financial entity in terms of market capitalisation.

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Dynamite News

HDFC Ltd to merge with HDFC Bank

The country's largest housing finance company HDFC Ltd will merge with the country's largest private sector lender HDFC Bank, according to a regulatory filing.

The Times of India

MUMBAI: The country's largest private sector lender HDFC Bank on Wednesday said the elevated stress on unsecured loan assets noticed during the Covid-19 pandemic is over, and the bank is upbeat about the segment now.

The Hindu

HDFC COVID Support Scholarship given

HDFC Bank COVID Crisis Support Scholarship was given to 25 children of Telangana police personnel, who lost their lives fighting COVID-19 .

The Times of India

Digital payments snapshot in charts: Cards in circulation top 1 billion in India

NEW DELHI: With digital payments rising in India, the total number of debit and credit cards in circulation breached the 1 billion mark with 1006.7 million cards recorded as of December 2021, said Worldline India in its Annual Digital Payments Report.

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