|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,049.20 - 2,071.00|
|52-week range||1,832.95 - 2,071.00|
|PE ratio (TTM)||31.46|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
His basic salary stands at Rs 7.26 crore as against a salary of Rs 8.12 crore which he received in the previous year 2016-17
Mumbai, June 14 (IANS) HDFC Bank on Thursday welcomed the government's approval of Rs 24,000 crore foreign direct investment (FDI) into the bank. The additional capital will go a long way in supporting our growth plans over the next few years, especially in semi-urban and rural India," said Paresh Sukthankar, Deputy Managing Director, HDFC Bank. As of March 31, 2018 the bank had a network of 4,787 branches and 12,635 ATMs and had 4.3 crore customers across 2,691 Indian towns and cities.
Mumbai, June 14 (IANS) HDFC Bank on Thursday welcomed the government's approval of Rs 24,000 crore foreign direct investment (FDI) into the bank. In an official statement, the bank said: "This decision comes against the backdrop of an expected pick-up in credit growth driven by consumption-led demand and a recovery in the investment cycle." "We are delighted to hear that the government has approved our capital raising proposal. The additional capital will go a long way in supporting our growth plans over the next few years, especially in semi-urban and rural India," said Paresh Sukthankar, Deputy Managing Director, HDFC Bank.
This includes premium, over and above the previous approved limit of Rs 10,000 crore, that the composite foreign shareholding in the bank should not exceed 74 percent of the enhanced paid-up equity share capital of the bank, Finance Minister Piyush Goyal said after the Cabinet meeting chaired by Prime Minister Narendra Modi.
This is including the premium, over and above the previous approved limit of Rs 10,000 crore, such that the composite foreign shareholding in the bank shall not exceed 74 percent of the enhanced paid-up equity share capital of the bank, said Finance Minister Piyush Goyal after the Cabinet meeting, which was chaired by Prime Minister Narendra Modi.
At an analyst meet on Wednesday, the bank’s management said it intends to start the process of identifying a successor 18-24 months ahead of Puri’s retirement
Sharekhan is bullish on HDFC Bank has recommended buy rating on the stock with a target price of Rs 2300 in its research report dated April 23, 2018.
We expect HDFC Bank’s considerable moat to aid high and sustainable future earnings growth, notwithstanding its large size. This makes it a must-own stock among Indian equities.
"HDFC Bank is our top pick in private banking space and our structurally bullish on it for next 10 years as well. We prefer the bank over its peers owing to better governance, strong asset quality and high return on asset," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Fourth-quarter net profit at HDFC Bank Ltd slightly missed estimates as a result of higher bad loans, although it still rose by about a fifth to a record on Saturday. Net profit rose by 20.3 percent from ...
Net interest income is projected to grow at a healthy rate of 21 percent at Rs 10,877 crore compared to Rs 9,055 crore in the year ago period.
The decision to this effect will be taken in the board meeting on April 21, 2018, HDFC Bank said in a regulatory filing.
New Delhi, March 13 (IANS) HDFC Bank has disallowed its customers from buying Bitcoins, cryptocurrencies and virtual currencies through the bank's credit, debit and prepaid cards. In a circular to the HDFC Bank customers, it said: "You may be aware of the increasing global apprehensions regarding Bitcoins, cryptocurrencies and virtual currencies. "To ensure our customer's security, we have decided to not permit usage of HDFC Bank Credit, Debit and Prepaid Cards towards purchase or trading of such Bitcoins, cryptocurrencies and virtual currencies, on merchants suspected to be dealing in crypto-currency or online foreign exchange trading or both," the circular added.
India's market regulator ordered HDFC Bank (HDBK.NS) on Friday, to conduct an internal inquiry into the suspected leaking of key unpublished financial information and to strengthen its handling of such data. The direction from the Securities and Exchange Board of India (SEBI) comes in the wake of an investigation that the regulator opened following a Reuters report late last year that prescient messages about company results and other matters had circulated in private WhatsApp chatrooms before their official release. Reuters identified 12 such instances on as many companies in the report, HDFC Bank was among the companies identified.
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 ...