HDFC-HDFC Bank Merger to be Completed in July
HDFC Bank chief financial officer Srinivasan Vaidyanathan said HDFC Bank, the country’s largest private bank, will complete its reverse merger with its parent Housing Development...
Tag : HDFC Bank
HDFC Bank Q4 Results Out: Profit Increase Lower Than Expected, Asset Quality Stable
HDFC Bank Ltd, India’s largest private sector lender, reported a 19.8% YoY rise in its standalone net profit to Rs 12,047.5 crore for the fourth...
HDFC Bank Signs Agreement with Export-Import Bank of Korea for $300 Million Credit Line
On Wednesday, HDFC Bank announced that it had signed a “Master Interbank Credit Agreement” with the Export-Import Bank of Korea for a $300 million credit...
HDFC Bank Shares Rose 2% as Advances, Deposits Surge
On April 5, HDFC Bank’s shares rose about 2% as the lender stated robust business growth, with advances and deposits growing rapidly. Advances surged 17%...
SPC Life Sciences Submits Draft Documents to SEBI to Raise Funds Through IPO
SPC Life Science Ltd has filed preliminary documents with the Securities and Exchange Board of India (Sebi) to raise funds through an initial public offering....
HDFC Plans to Raise Rs 57K Crore in Private Placement Ahead of Merger with HDFC Bank
The board of mortgage lender Housing Development Finance Corporation (HDFC) has approved plans to raise an additional Rs 57,000 crore by issuing non-convertible debentures (NCDs)...
IDFC First Bank Partners with Crunchfish to Demonstrate Offline Retail Payments
On Monday, IDFC First Bank partnered with Swedish company Crunchfish to pilot a project demonstrating offline retail payments. IDFC First Bank will be part of...
Bandhan Bank Share Gains Most in 8 Weeks Over ED Appointment and Bids for Stressed Assets
Bandhan Bank has announced that Ratan Kumar Kesh has been appointed the bank’s Executive Director (ED), subject to shareholder approval, for three years starting March...
HDFC-HDFC Bank Merger Approved, Board Considering Raising Funds Through NCDs
India’s largest mortgage lender, Housing Development Finance Corp (HDFC), plans to raise funds through non-convertible debentures (NCDs) to meet its capital requirements post-merger with HDFC...
PSU Banks Shares Up to 7% as Adani Sells Stake in Group Company to Cut Debt
Public sector banks exposed to Adani Group companies saw heavy buying on the morning of March 3 after the port-to-power group raised funds by selling...