SBI Funds can now Buy up to 10% Stake in HDFC Bank, RBI Approves
SBI Funds Management (SBIFML), a joint venture between the State Bank of India and France’s AMUNDI, received permission from the Reserve Bank of India (RBI)...
Tag : HDFC Bank
HDFC, HDFC Bank Move to Ex-Date for Dividend, Shares Fall Up to 2%
Shares of HDFC Twins, Housing Development Finance Corporation (HDFC) and HDFC Bank fell 2% on the BSE in intraday trade on Tuesday after the dividend...
Merged HDFC Firm Could Witness $200 Million Outflow Post MSCI Tweak
Besides Street’s hope for HDFC’s merged entity wanting double the current weight in MSCI, it tweaked the adjustment factor on May 5, showing the weight will remain...
HDFC Life Share Soars 8% as RBI Raises Stake After Merger of HDFC Twins
On April 24, HDFC Life Insurance Company shares rose to a one-year peak of more than 8% after the Reserve Bank of India allowed raising...
HDFC Bank Gets Post-Merger Relief
To ease the pressure on HDFC Bank and HDFC, the Reserve Bank of India (RBI) has allowed the bank to gradually meet priority sector loan...
RBI Clarifies Terms of HDFC-HDFC Bank Merger
On Friday, HDFC Bank told the exchanges that it had obtained clarifications from the Reserve Bank of India on its merger with HDFC. The explanations...
HDFC-HDFC Bank Merger to be Completed in July
HDFC Bank chief financial officer Srinivasan Vaidyanathan said HDFC Bank, the country’s largest private bank, will complete its reverse merger with its parent Housing Development...
HDFC Bank Q4 Results Out: Profit Increase Lower Than Expected, Asset Quality Stable
HDFC Bank Ltd, India’s largest private sector lender, reported a 19.8% YoY rise in its standalone net profit to Rs 12,047.5 crore for the fourth...
HDFC Bank Signs Agreement with Export-Import Bank of Korea for $300 Million Credit Line
On Wednesday, HDFC Bank announced that it had signed a “Master Interbank Credit Agreement” with the Export-Import Bank of Korea for a $300 million credit...
HDFC Bank Shares Rose 2% as Advances, Deposits Surge
On April 5, HDFC Bank’s shares rose about 2% as the lender stated robust business growth, with advances and deposits growing rapidly. Advances surged 17%...