|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||1,918.55 - 1,953.75|
|52-week range||1,250.20 - 1,953.75|
|PE ratio (TTM)||32.71|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Mumbai, Dec 20 (IANS) Lending major HDFC Bank plans to raise up to Rs 24,000 crore ($3.7 billion), subject to shareholder approvals. According to the lender, the decision to raise funds aggregating up ...
HDFC Bank Ltd, India's second-biggest lender by assets, said on Wednesday it would raise up to 240 billion rupees ($3.75 billion) to fund growth by selling shares to investors, including a preferential issue to its parent HDFC Ltd. HDFC Bank, the most valuable in the sector with a market capitalisation of more than $76 billion, said in a statement its board had approved the fundraising plan on Wednesday. As part of the planned fundraising, HDFC Bank will issue up to 85 billion rupees worth of shares to mortgage lender HDFC Ltd on a preferential basis, while the remainder will be raised via modes including American Depositary Receipts and a share sale in India to institutional investors.
Indian mortgage lender Housing Development Finance Corp Ltd said on Tuesday it would raise as much as 130 billion rupees ($2.03 billion) by selling shares or convertible bonds mainly to maintain its stake in HDFC Bank. HDFC, the parent of HDFC Bank and whose main business is home loans for retail customers, will seek to subscribe to a potential preferential share issue by HDFC Bank so that its holding in the bank remains at about 21 percent.
HDFC Bank Ltd, India's second-biggest lender by assets, made a record quarterly profit from higher interest and fee income and said retail and wholesale lending was growing. The Mumbai-based bank, which was recently added to the central bank's list of lenders it considers "too big to fail", posted a net profit of 41.51 billion rupees ($634 million) for its second quarter to Sept. 30, up 20 percent from a year ago, and in line with analysts' estimates of 41.61 billion rupees. With its focus on retail clients and relatively smaller exposure to segments such as infrastructure financing, HDFC Bank has the lowest bad loan ratio among top Indian lenders.
Mumbai, July 24 (IANS) Lending major HDFC Bank on Monday reported an exponential rise of 20.22 per cent in its net profit for the quarter ended June 30, 2017. The bank's net profit rose to Rs 3,893.84 ...
Shares in HDFC Bank (HDBK.NS), India's second-biggest lender by assets, hit a record high on Friday thanks to higher than expected quarterly profit and a stable bad loans portfolio. Net profit rose 18.3 percent from a year earlier to 39.9 billion rupees ($617.60 million) for its fiscal fourth-quarter to March 31, HDFC Bank said, slightly ahead of analysts' estimate of 39.56 billion rupees. The Mumbai-based lender stands out in a sector that has been marked by a surge in soured assets and slower loan growth.
Mumbai, Feb 17 (IANS) Private sector HDFC Bank has again crossed the foreign investment limit prescribed as a percentage of paid-up capital for Indian companies, the Reserve Bank of India (RBI) said on ...
HDFC Bank Ltd, India's third-biggest lender by assets, on Tuesday reported a 15 percent rise in third-quarter net profit, above analyst estimates, due to higher interest and fee income. Net profit was 38.70 billion rupees ($567.91 million) for the three months to Dec. 31, compared with 33.57 billion rupees reported a year ago, said HDFC Bank, India's most valuable bank. Analysts on average had expected a net profit of 37.88 billion rupees, according to data compiled by Thomson Reuters.