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The Latest Breaking News from HDFC

Modi Momentum: Finding Stability in India’s Goldilocks Economy

India is entering a rare economic phase where high growth and low inflation are fueling a powerful rally in financial stocks and broader equities.

MarketBeat

Hafta letters: EY employee’s death, toxic work culture, journalism

Hello Abhinandan,I have been a big supporter of you and Newslaundry for the past two or three years. I especially love the collaboration with The News Minute and I am excitedly looking forward to the collaboration with East Mojo. I also have feedback. It may sting personally, but I hope…

Newslaundry

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

From analysis to the latest developments in health,
read the most diverse news in one place.

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

‘Chinese investments returning to India with greater opacity’

After imposing curbs to control the growing Chinese investment in Indian Markets, investments are still coming in through opaque structures used in other countries. Santosh Pai, Honorary Fellow at the Institute of Chinese studies, New Delhi talks on the issue.

The Hindu

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

Sensex, Nifty pare early gains to settle lower for 2nd straight session

MUMBAI: Benchmark equity indices sensex and Nifty pared early gains to close lower by over half a per cent on Monday due to losses in oil gas and banking shares amid concerns over further uptick in interest rates.

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

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.

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

Sensex, Nifty hit record high: Top reasons for market surge

NEW DELHI: Equity indices surged to fresh all-time highs on Thursday tracking a firm trend in global markets.

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

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The Times of India

SBI, HDFC offer home loans at 8.40% as part of festive sales

MUMBAI: Despite rising interest rates, leading home loan players SBI and HDFC have announced discounted interest rates beginning at 8.40 per cent as part of their festive offerings.

The Times of India

Explained: How RBI rate hike may impact your EMIs

NEW DELHI: The Reserve Bank of India's (RBI) decision to raise benchmark lending rates just ahead of the festive season may hit consumers' buying sentiments.

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

Smaller banks follow big peers, hike FD rates

MUMBAI: IDBI Bank has said it will offer a new 500-day deposit that offers 6.7% interest as part of the Amrit Mahotsav (75 years of independence) scheme. The bank has also hiked interest rates on term deposits across various tenors from August 22. The highest rate offered under its regular…

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news in one place.

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The Times of India

Markets trade firm; sensex climbs over 395 points in early trade

MUMBAI: Equity benchmarks on Tuesday started the trade on a firm note with the sensex climbing over 395 points helped by buying in HDFC twins, foreign fund inflows and falling crude oil prices.

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

HDFC hikes lending rate by 25 basis points; home loan to be costlier

NEW DELHI: Mortgage lender HDFC Ltd on Monday announced an increase in its benchmark lending rate by 25 basis points (bps), a move that will make loans dearer for both existing and new borrowers.

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 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

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

Banks hike lending rates, loans to get costlier

MUMBAI: Leading private sector and government-run lenders including Punjab National Bank, ICICI Bank and mortgage lender HDFC have hiked their lending rates that will make home, car and other loans costlier.

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