Category: HDFC Bank

Jennison Associates LLC decreased its position in HDFC Bank Limited (NYSE:HDB – Free Report) by 29.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,715,215 shares of the bank’s stock after selling 724,982 shares during the quarter. Jennison Associates LLC owned about 0.09% of HDFC Bank worth $115,108,000 as of its most recent filing with the Securities and Exchange Commission. Get HDFC Bank alerts:Sign UpSeveral other institutional investors have also recently added to or reduced their stakes in HDB. Naples Global Advisors LLC increased its stake in shares of HDFC Bank by 72.5% during the 3rd quarter. Naples Global…
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Source: https://www.marketbeat.com/instant-alerts/nyse-hdb-sec-filing-2024-04-23/

The Indian stock market may witness a shift in focus towards individual stocks on Tuesday, as there are no major global triggers expected. As of 7:25 AM, Gift Nifty futures were indicating a flat start for the bourses with the index up only 12 points at a level of 22,371.

Reliance Industries: Reliance Industries Limited (RIL) saw a drop of almost 2 percent in its net profit in the March quarter, mainly due to reduced margins in the petrochemicals sector and an increase in tax payments. However, the company’s retail and telecom sectors continued to show consistent growth. RIL’s consolidated profit for the quarter was Rs 18,951 crore, which is lower than Rs 19,299 crore from the same…
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Source: https://www.siliconindia.com/news/general/stocks-to-monitor-ril-adani-group-tata-consumer-mahindra-logistics-hdfc-bank-nid-229130-cid-1.html

HDFC Mutual Fund Launches HDFC Manufacturing Fund – tennews.in: National News Portal – Breaking News, Live News, Delhi News, Noida News, National News, Politics, Business, Education, Medical, Films, Features

HomeBusinessHDFC Mutual Fund Launches HDFC Manufacturing Fund

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Source: https://tennews.in/hdfc-mutual-fund-launches-hdfc-manufacturing-fund/

HDFC Bank NetBanking down: On Monday, April 22, HDFC Bank customers encountered difficulties accessing NetBanking services in India. The bank posted on X, stating, “A few customers may experience issues while accessing NetBanking. We’re actively working to resolve this at the earliest.”What HDFC bank said on the services? The headquarters of India’s HDFC bank is pictured in Mumbai. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} The bank has apologized for the inconvenience caused to its customers. It has also offered alternative solutions for customers requiring banking services. These included the HDFC mobile banking app, PayZapp (a…
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Source: https://www.hindustantimes.com/business/hdfc-bank-netbanking-down-what-mobile-alternatives-can-you-use-101713786411718-amp.html

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LKP Research’s research report on HDFC Bank
HDFC Bank reported mixed operating performance in 4QFY24. The slippages increased by 4.3% sequentially added by stable recoveries and upgrades, which resulted in improved GNPA ratio at 1.24%. The reported GNPA is below the historical trend of 1.4%. Furthermore, the contingent stands adequate. In 4QFY24, the provisioning expenses were higher sequentially at ₹135bn (v/s ₹42.1bn 3QFY24). At the same time NII growth was tepid sequentially (24.5% YoY, 2.1% QoQ) against…
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Source: https://www.moneycontrol.com/news/business/stocks/buy-hdfc-bank-target-of-rs-1756-lkp-research-12692201.html/amp

Following reports of Japan-based MUFG picking up 20 per cent stake in HDB Financial Services, HDFC Bank without confirming plans to sell its stake, hinted that the proposal is being considered to meet listing requirements and the bank is exploring all options including the stake sale.“Our investment in HDB Financial is a financial investment. We hold around 94.8 per cent stake. HDB is in the upper layer of NBFCs which means it needs to be listed by September 2025 under regulatory guidelines,” said HDFC Bank CFO Srinivasan Vaidyanathan.“All possibilities will be evaluated to get to that end outcome, so we’ll have to be patient. There are several approaches to take there, and all…
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Source: https://www.thehindubusinessline.com/money-and-banking/after-stake-sale-reports-hdfc-bank-says-exploring-all-options-for-hdb-financial-listing/article68091630.ece/amp/

Sashidhar Jagdishan, MD And CEO Of HDFC Bank5 min read Last Updated : Apr 21 2024 | 7:49 PM IST
Following an impressive Q4FY24 performance, HDFC Bank announced an ex-gratia payment of around Rs 1,500 crore to its staff. The bank’s decision came as a gesture of appreciation for the employees’ dedication during the merger with HDFC Ltd as well as address attrition, said Sashidhar Jagdishan, the managing director & chief executive of the largest private sector lender.

The lender, which announced its January-March earnings on Saturday, reported a 37.1 per cent growth in net profit, boosted by a one-time gain from selling a majority stake in HDFC Credila – an education loan…
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Source: https://www.business-standard.com/companies/news/ex-gratia-for-staff-hard-work-to-address-attrition-hdfc-bank-ceo-124042100419_1.html