Merged HDFC Firm Could Witness $200 Million Outflow Post MSCI Tweak
Besides Street’s hope for HDFC’s merged entity wanting double the current weight in MSCI, it tweaked the adjustment factor on May 5, showing the weight will remain...
Tag : HDFC Bank
HDFC Life Share Soars 8% as RBI Raises Stake After Merger of HDFC Twins
On April 24, HDFC Life Insurance Company shares rose to a one-year peak of more than 8% after the Reserve Bank of India allowed raising...
HDFC Bank Gets Post-Merger Relief
To ease the pressure on HDFC Bank and HDFC, the Reserve Bank of India (RBI) has allowed the bank to gradually meet priority sector loan...
RBI Clarifies Terms of HDFC-HDFC Bank Merger
On Friday, HDFC Bank told the exchanges that it had obtained clarifications from the Reserve Bank of India on its merger with HDFC. The explanations...
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...
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)...