Category: HDFC Bank

The Net Interest Margins (NIM) of private banks remained under pressure during the fourth quarter, impacted by rising cost of funds amid tight liquidity.

Lenders, including HDFC Bank, ICICI Bank, Yes Bank, IDFC Bank and RBL Bank have reported 5 to 50 basis points year-on-year decline in NIM in the fourth quarter.

With demand of loans staying strong, HDFC Bank, ICICI Bank and several other lenders raised interest on fixed deposits by up to 10 bps in February to mobilise deposits amid tight liquidity.

“NIM compression in private sector banks is primarily driven by two key factors.

“Firstly, deposit rates on a weighted average basis have increased more than lending rates in…
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Source: https://www.financialexpress.com/business/banking-finance-higher-cost-of-funds-keeps-pvt-banks-nims-under-pressure-3474426/lite/

Luthra and Luthra Law Offices India acted for and advised HDFC Bank in connection with financial assistance of INR 4180 Million granted to a SPV of Blupine Energy for its 120 MW solar project in Sadla, Gujarat.Blupine Energy is a global leading renewable energy services company established by Actis, a global investor and leader in funding and building sustainable infrastructure companies. With an investment of USD 800 million from Actis’ Energy Fund 5, BluPine Energy is dedicated to developing a state-of-the-art 4+GW renewable energy portfolio, exclusively in India.The transaction team consisted of Partner Girish Rawat with Managing Associate Varun Chauhan and Associates Radha Murali and…
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Source: https://www.livelaw.in/amp/law-firms/deals/luthra-and-luthra-law-offices-hdfc-bank-spv-blupine-energy-256648

Mumbai, Apr 30: HDFC Bank’s mobile app PayZapp has received the Celent Model Bank Award.The awards were presented to HDFC Bank’s PayZapp in the categories of Payment Innovation at the Celent Model Bank Awards ceremony, according to a media statement here on Tuesday.Celent’s annual Model Bank Awards celebrate and acknowledge the best practices in technology usage in banking. PayZapp is one of the 19 winners from 140+ nominations from 36 countries around the world. The judging criteria for this highly coveted award include demonstrable business benefits, the level of innovation relative to the industry, and technology excellence.PayZapp is jointly developed…
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Source: https://www.dailyexcelsior.com/hdfc-banks-payzapp-receives-celent-model-bank-award/

Yousif Capital Management LLC raised its position in HDFC Bank Limited (NYSE:HDB – Free Report) by 18.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,353 shares of the bank’s stock after acquiring an additional 5,670 shares during the period. Yousif Capital Management LLC’s holdings in HDFC Bank were worth $2,440,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in HDB. Simplicity Solutions LLC lifted its stake in shares of HDFC Bank by 5.6% in the 3rd quarter. Simplicity Solutions LLC now owns 14,742 shares of the bank’s stock…
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Source: https://www.defenseworld.net/2024/04/30/hdfc-bank-limited-nysehdb-shares-bought-by-yousif-capital-management-llc.html

Banks are investing large sums – up to 10% of their operating expenses – to upgrade their IT systems and comply with regulatory norms even as they cope with the rising number of online transactions.Sandeep Batra, executive director, ICICI Bank, said last week that IT resilience and customer security were of paramount interest to the bank. “This is not constrained by any budget. In fact, since 2019, our IT and cyber security spends as a share of overall spends have moved up from 5.6% to 9.4%,” Batra said.

HDFC Bank is also making substantial investment in technology, its MD & CEO Sashidhar Jagdishan said. “We will continue to invest in distribution, people and technology. In…
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Source: https://www.financialexpress.com/business/industry-banks-raise-it-spending-for-digital-prowess-regulatory-compliance-3473260/lite/

Updated Apr 29, 2024 | 02:52 PM ISTHDFC Bank dividend 2024: Leading private sector lender HDFC Bank Ltd is all set to pay dividends to its shareholders. The bank has also fixed the record date to determining the eligibility of shareholders’ participation in the next dividend payment or upcoming corporate action. At the current market price, HDFC Bank shares have a dividend yield of 1.28 per cent. If approved, the next dividend will be paid to shareholders, subject to their eligibility on the record date.(Image: istock/ET Now News)1950% Dividend Stock: Leading private sector lender HDFC Bank Ltd is all set to pay dividends to its shareholders. A dividend is the distribution of a portion…
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Source: https://www.etnownews.com/markets/hdfc-bank-dividend-2024-check-ex-date-record-date-and-payment-date-article-109682741/amp