HDFC Bank market cap crosses Rs 5-trillion mark first time
Posted on 18th January 2018 |
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HDFC Bank saw its market capitalisation (market-cap) crossing Rs 5-trillion after the share price of the bank hit a new high on Thursday. The country’s private sector lender becoming the third firm after Reliance Industries (RIL) and Tata Consultancy Services (TCS) to achieve this milestone. At 10:27 AM; HDFC Bank was rading 3% higher at Rs 1,949, have a market-cap of Rs 5.04 trillion, the BSE data shows. RIL was at number one rank with a market-cap of Rs 5.84 trillion, followed by TCS, which have market-cap of Rs 5.5 trillion. |
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HDFC takes centre stage
Posted on 16th January 2018 |
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Mumbai: Shares of HDFC on Monday soared above 6 per cent with its market capitalisation zooming over Rs 17,300 crore as investors cheered the company's fund raising plans. On the BSE, the shares of the country's largest housing finance company hit a record high during intra-day trades. |
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HDFC Bank pegs GDP growth at 7.3% in FY19 on rural push, consumption surge
Posted on 10th January 2018 |
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Second largest private sector lender HDFC Bank expects an uptick in GDP growth in FY19 to 7.3 per cent from the 6.5 per cent estimated for FY18, expecting a rural push by Government and rise in consumption. "We expect GDP growth to pick up to 7.3 per cent in FY19 and the gross value added growth to stand at 7.1 per cent," its economists said in a note. |
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Sensex rebounds in opening trade on Asian cues
Posted on 4th January 2018 |
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The benchmark BSE Sensex recovered by over 123 points in early trade on Thursday, halting its three- session falling streak on fresh spell of buying in recent losers amid positive Asian cues. The 30-share index rebounded by 123.37 points, or 0.36 per cent, to 33,916.75. The gauge had lost 263.45 points in the previous three sessions. |
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HDFC Bank to raise up to Rs 24,000 cr via share sale
Posted on 21st December 2017 |
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The second-largest private sector lender, HDFC Bank, would be raising up to Rs 24,000 crore in equity, its board approved on Wednesday. If the entire amount is raised, it would be the biggest fundraising exercise by any Indian company ever. Coal India had raised Rs 22,613 crore through offer for sale in January 2015. Around that time, in February, HDFC Bank itself had raised Rs 9,840 crore through qualified institutional placement (QIP) and American Depositary Receipts (ADRs). |
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HDFC Bank approves Rs 24,000 crore mega fundraising plan; includes Rs 8,500 crore from HDFC Ltd
Posted on 20th December 2017 |
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India’s most valuable lender HDFC Bank on Wednesday approved a mega-fundraising plan of Rs 24,000 crore to fund its growth. HDFC Bank had grown multifold in recent past as the bank has surpassed age-old financial conglomerate ICICI Bank in terms of assets and market capitalisation and is now is India’s second-biggest lender by assets behind India’s biggest bank State Bank of India. HDFC Bank has said that it would raise up to Rs 24,000 crore to fund its growth by selling shares to domestic and international investors including a preferential issue to its parent company HDFC Ltd. |
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HDFC Bank on a roll
Posted on 18th December 2017 |
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Mumbai: Shares of HDFC Bank on Friday hit a record high after the private sector lender announced its intention to raise funds. The bank has said its board will meet on December 20 to "consider a proposal to raise funds by the issue of equity shares/depository receipts and other securities, including through Qualified Institutions Placement (QIP)/American Depository Receipts (ADRs) programme, preferential allotment or such other methods or combinations as may be decided''. |
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HDFC Bank hits new high on fund raising plans
Posted on 15th December 2017 |
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HDFC Bank hit a new high of Rs 1,887, up 2.7% on the BSE, after the private sector lender announced that its board will meet on Wednesday, December 20, 2017 to consider a proposal for raising of funds. The stock surpassed its previous high of Rs 1,876.95 touched on October 24, 2017 in intra-day trade. |
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HDFC Bank’s immunity to bad loans is at stake in divergence drama
Posted on 14th December 2017 |
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Divergence is a dirty word for investors who have put money into banks and indeed, lenders have been punished in the past ever since the Reserve Bank of India (RBI) told them to come clean on these differences in deciding which loans are to be classified as bad. |
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Bad loans: HDFC Bank says no impact of ‘couple of defaulters’ in RBI list on provisioning
Posted on 9th December 2017 |
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Private sector lender HDFC Bank has seen no impact on the provisioning front due to exposures to the “couple of companies” featuring in the Reserve Bank of India’s (RBI) lists of loan defaulters, the bank’s deputy managing director, Paresh Sukthankar, told FE. In an exclusive interview, Sukthankar said no further provisioning was needed for those accounts as the bank had already set aside the required provisions. “Actually, we had a couple of names from both first and second lists and we do not require further provisions, because these are already NPAs in our book,” he said. |
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