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WILL USE CAPITAL FUNDS TO GROW IN RURAL, SEMI-URBAN POCKETS: HDFC
Posted on 15th June 2018
A day after getting the Government’s nod to raise up to Rs 24,000 crore capital, private sector lender HDFC Bank on Thursday said it will use the funds to grow in semi-urban and rural pockets.

“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,” its deputy managing director Paresh Sukthankar said in a video message.


HDFC 5th biggest consumer financial services company globally: Forbes
Posted on 14th June 2018
Housing finance major HDFC has been ranked as the 5th biggest public company globally in the 'consumer financial services category' on a list compiled by Forbes magazine.

American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list.


Microsoft-GitHub deal: Impressed by Satya Nadella, GitHub preferred Microsoft over going public
Posted on 4th June 2018
Microsoft Corp. has agreed to acquire GitHub Inc., the code repository company popular with many software developers, and could announce the deal as soon as Monday, according to people familiar with the matter. GitHub preferred selling the company to going public and chose Microsoft partially because it was impressed by Chief Executive Officer Satya Nadella, said one of the people, who asked not to be identified discussing private information.

HDFC Bank falls nearly 5% from its intra-day's high
Posted on 4th June 2018
Shares of HDFC Bank have slipped by 2.5% at Rs 2,058 per share, falling 4.6% from their early morning high on the National Stock Exchange (NSE), after more than 10-million equity shares changed hands on the counter through multiple block deals.

Till 10:17 am; around 13.41 million equity shares representing 0.63% of total equity of HDFC Bank have changed hands on the NSE, the exchange data shows.


HDFC Bank recognized for best practices in payment security
Posted on 1st June 2018
Mumbai: HDFC Bank has once again been recognized with the Champion Security Award at the 14th Visa Asia Pacific Security Summit.

For the second time in a row, the bank has won the award in the India and South Asia category. The Award is a mark of excellence reflecting leadership in risk management and payment security performance.


HDFC Bank offers instant loans against mutual funds
Posted on 24th May 2018
MUMBAI: In a move that will enable its customers with mutual fund investments to get instant credit, HDFC Bank has tied up with CAMS (Computer Age Management Services) — a registrar and transfer agent — to provide automated loans against units. Arvind Kapil, head of unsecured loans and home loans at HDFC Bank, said that he expected rapid growth as the bank has automated the loan process which could be availed by account holders through desktop or mobile banking.

HDFC Bank drives up credit card use
Posted on 14th May 2018
Mumbai: HDFC Bank is looking to double the penetration of credit cards among its customer base over the next three years.

The lender, which is already the country's largest issuer had around 1.06 crore outstanding credit cards as of March this year. This comprises close to 25 per cent of its base of four crore customers.


HDFC Bank to start search for CEO Aditya Puri's successor next year
Posted on 11th May 2018
In March/April next year, HDFC Bank says it will start the process for deciding on a successor to Aditya Puri, its founding managing director and chief executive officer.

The successor will be announced by October 2019, a year prior to Puri stepping down from the charge in October 2020.


HDFC to invest Rs 10 billion in stressed asset fund for realty segment
Posted on 9th May 2018
Housing Finance Development Corporation (HDFC) is planning to put up to Rs 10 billion in a stressed asset fund for the realty segment.

Implementation from last year of the Real Estate (Regulation and Development) Act is expected to throw up a number of opportunities for the restructuring of real estate entities and to nurse stressed assets.


HDFC Bank hikes fixed deposit rates, loans set to get costlier too
Posted on 26th April 2018
MUMBAI: In a bid to grow its deposits, HDFC Bank has hiked interest rates on term deposits by up to 100 basis points (1 percentage point). Following the increase, the bank is offering a flat return of 7per cent on all maturities of over one year, while senior citizens can earn up to 7.5 per cent and bulk depositors (Rs 1 crore and above) get even more.

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