HDFC Bank logs higher revenue, PAT, NPA
IANS -
In a regulatory filing, the company said on a standalone basis for the quarter ended September 30, it had earned a total income of Rs 78,406 crore (Q2FY23 Rs 46,181.96 crore) and a net profit of Rs15,976 crore (Rs.10,605.78 crore).
Nifty in choppy trade as geopolitical tensions weigh
IANS -
After opening with a negative note, the market slipped into further weakness soon after the opening. It later showed minor upside recovery from the lows, but was not able to sustain the recovery towards the end, he said.
Creditable! Buoyed by positivity on GDP, banks expect steady credit growth
IANS -
The Reserve Bank of India (RBI) has projected India’s Gross Domestic Product (GDP) to grow at 6.5 per cent in Financial Year (FY) 24.
HDFC Life logs Rs 376 crore PAT for Q2
IANS -
In a regulatory filing HDFC Life said it had earned a net premium of about Rs 14,755 crore (Q2FY23 Rs 13,110 crore) and a net profit of about Rs 376 crore (Rs 326 crore).
Nifty closes lower in volatile trade
IANS -
Volumes on the NSE rose towards recent average volumes. Broad market indices closed almost flat even as the advance decline ratio dropped to 0.88:1.
Loan defaulter diamantaire bags Gujarat hospital project; HDFC Bank livid
IANS -
The lender, HDFC Bank, slapped a notice to the Trustees of Lilavati Kirtilal Mehta & Family Medical Trust (LKMFM Trust), which runs the famed Lilavati Hospital, Bandra, with reference to the ongoing proceedings before the Debt Recovery Tribunal-II Mumbai.
Nifty down for third consecutive week
IANS -
He said that on Wednesday, Nifty built on the weakness from the previous session.
'Valuation gap between ICICI Bank and HDFC Bank may not widen in short run'
IANS -
“Post merger of HDFC and HDFC Bank, we believe, the valuation re-rerating will be delayed factoring margin squeeze,” Ajit Kabi, Banking Analyst at LKP Securities said. "The impact on the return profile will be keenly watched in the coming period. Hence, in the short run, we don’t see the valuation gap widen between HDFC Bank and ICICI Bank," he added.
HDFC Ltd to merge into HDFC Bank to create financial behemoth
IANS -
HDFC Bank and HDFC Ltd had announced a decision to merge on April 4, 2022, subject to obtaining the requisite consent and approvals and had indicated a time frame of 15 to 18 months for the process to be concluded. The Boards of both the companies at their respective meetings held on Friday noted that the merger would be effective from July 1, 2023.
HDFC Ltd inks pact with BPEA EQT-led consortium for 90% stake sale in education loan subsidiary
IANS -
The valuation of the transaction is approximately Rs 9,060 crore, HDFC said in a stock exchange filing.It is subject to regulatory approvals and dispensations (including the RBI and the Competition Commission of India) in connection with the proposed transaction and continuation of HDFC Credila's business, the filing said.
Advertisement