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EXPLAINED: 7 - The Real Truth

How India's fast-growing middle class propelled HDFC Bank into the Global 500

After a recent merger, HDFC has 93 million customers and a huge footprint in mortgages, checking, and savings.

Fortune

HDFC became first private bank to open branch in Lakshadweep

Private lender HDFC Bank opened a branch at Kavaratti Island in Lakshadweep, making it the only private sector bank to have a branch in the Union Territory. Read further on Dynamite News:

Dynamite News

UPI payments hit due to glitch in some banks' systems

Digital payments impacted due to glitch in UPI platform, HDFC Bank among affected banks, issue resolved.

The Hindu

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HDFC Bank holds Grameen Loan Mela in Kalaburagi

HDFC Bank organised a Grameen Loan Mela in Kalaburagi on Friday.

The Hindu

New record highs: Sensex surges over 500 points; Nifty closes at new peak

NEW DELHI: Both Indian indices- sensex and Nifty- surged to new all-time highs on Monday, driven by Reliance Industries, a heavyweight in the index, as the company prepared to demerge its financial services unit. HDFC Bank also bolstered the financial sector after reporting strong results for the June quarter.

The Times of India

JSW Steel to replace HDFC in Sensex from Jul 13

NEW DELHI: JSW Steel Ltd will replace Housing Development Finance Corporation in the 30-share SP BSE Sensex from July 13.

The Times of India

HDFC Bank-HDFC merger: For advising on a $64 billion deal, bankers get a 0.0002% fee

MUMBAI: A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country.

The Times of India

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HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches

Housing finance major HDFC merged with its subsidiary HDFC Bank on July 1 as their respective boards had cleared the proposal on June 30.

The Hindu

Apple In Talks To Launch Its Credit Card In India With HDFC Bank

Apple CEO Tim Cook met with HDFC Bank Chief during his April visit to India to discuss plans for the launch.

Zenger

Apple Card will launch in India next, report claims

Apple Card's first international launch could be in India, with HDFC Bank reportedly lined up as a partner.

iMore

Loans worth ₹2,000 crore given away to women, FPOs under Central govt. schemes at Eluru

HDFC Bank Group Head (Commercial and Rural Banking) Rahul Shukla on Tuesday announced that the bank had set a target to provide agri-finance in two lakh villages across the country

The Hindu

RBI clears SBI Funds to buy up to 9.99% stake in HDFC Bank

MUMBAI: India's HDFC Bank said on Wednesday that the Reserve Bank of India had allowed SBI Funds Management Ltd to acquire a stake of up to 9.99% in the private lender.

The Times of India

Delhi: Influenced by Hollywood movie, man attempts bank robbery in Model Town

A man has been arrested by the police for firing five rounds at HDFC Bank in an attempt to rob the bank in Delhi's Model Town area after being influenced by a movie. Read further on Dynamite News:

Dynamite News

HDFC Bank begins offline payment pilot under RBI sandbox

MUMBAI: The country's largest private sector lender HDFC Bank on Monday said it is attempting to execute digital payments in an offline mode under a regulatory facility to test innovations.

The Times of India

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The Times of India

Sensex, Nifty decline for 2nd day on selling in FMCG, steel stocks

MUMBAI: Benchmark equity indices sensex and Nifty closed lower for a second straight day on Tuesday due to selling in FMCG, metal and auto shares ahead of the RBI monetary policy.

The Times of India

HDFC Bank posts 19.5% loan growth in Q3

NEW DELHI: Private sector lender HDFC Bank on Wednesday said it has recorded a 19.5 per cent increase in credit growth to Rs 15 lakh crore for the third quarter ended December 2022.

The Times of India

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

MUMBAI: TThe Reserve Bank of India (RBI) announced on Monday that State Bank of India (SBI), ICICI Bank, and HDFC Bank are still considered Domestic Systemically Important Banks (D-SIBs).

The Times of India

HDFC gets nod from exchanges for transfer of NCDs to HDFC Bank

NEW DELHI: Mortgage lender HDFC Ltd on Tuesday said it has received approval from exchanges for transfer of non-convertible debentures (NCDs) to its subsidiary HDFC Bank.

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The Times of India

LIC raises stake in HDFC to over 5%

NEW DELHI: Life Insurance Corporation of India (LIC), the country's largest insurer, has increased its stake in HDFC Ltd to over 5 per cent following the acquisition of shares from the open market.

The Times of India

NSE may exclude HDFC from Nifty index before its merger with HDFC Bank

MUMBAI: The National Stock Exchange may exclude heavyweight HDFC from 50-stock index Nifty closer to ex-date of its merger with HDFC Bank, which is likely to be concluded a few months ahead of the scheduled time.

The Times of India

Sensex, Nifty rebound after 7-day fall; surge nearly 2% post RBI rate hike

NEW DELHI: Equity indices snapped 7-day losing streak as markets cheered Reserve Bank of India's (RBI) rate hike decision.

The Times of India

Mcap of six of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards

NEW DELHI: Six of the top-10 most valued firms suffered a combined erosion of Rs 2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid weak trend in equities.

The Times of India

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.

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