Markets off day lows; Nifty around 8,370
Posted on 13th November 2014 |
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Markets recovered from day lows as strength in Infosys, L&T and Sun Pharma managed to cap losses in HDFC twins, TCS and Bharti Airtel. At 1045 hrs, the Sensex was down 185 points at 27,994 and the Nifty was down 13 points at 8,370. However, the broader markets gave off their morning gains and turned flat with a positive bias. The midcap index was up 0.2% while the smallcap index was near yesterday's close. |
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HDFC Bank funds 100% for 2- wheelers, consumer durables
Posted on 12th November 2014 |
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HDFC Bank, the country’s second largest private sector one, has turned even more aggressive in its retail lending this festive season. The bank is now funding up to 100 per cent of the loan-to-value (LTV) amount for two-wheelers (on-road prices) and for consumer durables. Earlier, it was funding 85 per cent for the former. The new scheme was put in place since the start of the festive season. |
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HDFC Bank slips on removal from MSCI India index
Posted on 8th November 2014 |
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Shares of HDFC Bank were down a little over one per cent on Friday after the stock was dropped by the MSCI India Index in its semi-annual index review. The stock, which has been under pressure for want of higher foreign investment limits, declined 1.5 per cent to close at Rs 899 a share. Analysts said the HDFC Bank shares were unlikely to see steep downside pressure because of the high investor-interest in the stock. HDFC Bank had a weightage of around two per cent in the MSCI Index, analysts said. |
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Axis and HDFC Bank to charge their own customers beyond 5 ATM transactions
Posted on 8th November 2014 |
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HDFC Bank and Axis Bank have decided to charge their own customers for more than five transactions at its automated teller machines starting 1 December. HDFC Bank will charge Rs 20 for financial transactions and Rs 8.5 (excluding taxes) for non-financial transactions (balance enquiry, mini statement, etc). |
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IT shares gain in a flat market; Infosys up 1%
Posted on 3rd November 2014 |
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Benchmark indices are trading flat with a negative bias as the advance in IT shares is being offset by losses in auto shares which are down on weak Ocotber sales data. At 9:17 AM, Sensex was down 19 points at 27,846 while Nifty was down 8 points at 8315. |
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Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club
Posted on 31st October 2014 |
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Maruti Suzuki India, the country’s largest carmaker and Axis Bank, the third largest private bank, have joined the elite club of companies with market capitalisation (m-cap) of more than Rs 1 lakh crore. Shares of both these companies hit their respective lifetime highs during intra-day deal on the bourses. At 1340 hours, shares of Axis Bank up about 2% to Rs 437 on the BSE, taking its market value to Rs 1,03,154 crore. |
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Markets open marginally higher; Nifty reclaims 8,000
Posted on 28th October 2014 |
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Markets opened marginally higher on Tuesday with the benchmark Nifty reclaiming the 8,000 mark led by financials. However, traders are likely to remain cautious ahead of the two-day FOMC meet which begins today. At 9:35AM, the 30-share Sensex was up 99 points at 26,852 and the 50-share Nifty was up 25 points at 8,017. |
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HDFC expects more sops from RBI for bank merger
Posted on 27th October 2014 |
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RBI is keen that all large financial institutions lend themselves to greater regulation by turning into a bank as, globally, non-bank players in finance are seen to be engaged in shadow banking. The last of non-government financial institutions is HDFC, the largest housing finance company. But unlike other institutions that received a bank licence — ICICI, IDBI and now IDFC — HDFC is neither constrained for resources nor for growth opportunities. |
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HDFC Bank’s growth now linked to loan book
Posted on 22nd October 2014 |
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HDFC Bank Ltd seems to have squeezed the towel dry, at least for now. Net interest margin for the September quarter was 4.5%, close to a historic high. The bank’s return on asset of 2.01% (annualized) is again at a 14-year high. The lender has been tight with its operating expenses, but that can only take you so far. With new branches necessary for growth, cost-to-income ratios will inch up. Operating expenses rose close to one-fifth in the September quarter after four quarters of single-digit growth rates. Thus, it follows that profit growth would tend to closely follow loan growth. |
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HDFC Bank Q2 net up 20% at Rs 2,380 crore, lags estimates
Posted on 21st October 2014 |
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HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20% rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses. Net profit rose to Rs 2,381 crore in the quarter ended September 30, 2014, from Rs 1,982 crore a year earlier. |
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