HDFC Bank

The upward trajectory is owing to a combination of factors such as good FY23Q4 corporate results, foreign institutional investors (FIIs), and also due to the domestic investor interest. "However, the markets may start getting nervous ahead of the next round of state elections due in November/December," he told IANS in an interview.

BSESENSEX gained 973.61 points or 1.59 per cent to close at 62,027.90 points. NIFTY gained 245.80 points or 1.36 per cent to close at 18,314.80 points. The broader markets saw BSE100, BSE200 and BSE500 gain 1.52 per cent, 1.36 per cent and 1.30 per cent respectively. BSEMIDCAP gained 1.35 per cent while BSESMALLCAP was up 1.14 per cent.

The HDFC Bank said it had closed FY23 with a net profit of Rs 44,107.7 crore (previous year Rs 36,961.33 crore) on a total income of Rs 192,800.4 crore (Rs 157,263 crore). Net revenues (net interest income plus other income) for the year ended March 31, 2023 were Rs 118,057.1 crore, as against Rs 101,519.5 crore for the year ended March 31, 2022.

According to Privacy Affairs website, the HDFC Bank customers' samples were posted on the hacker forum and "the posted data appears to be genuine". HDFC Bank Cares Twitter handle on Tuesday posted that "there is no data leak at HDFC Bank and our systems have not been breached or accessed in any unauthorised manner".

Z3Partners said it has already made five investments in cybersecurity startup Cyfirma, social e-commerce firm DealShare, agri-tech platform Gramophone, SaaS-based logistics management leader Shipsy and AI-led celebrity engagement platform True-Fan. DealShare turned unicorn in 2022 after its $165 million Series E financing round.

According to the HDFC Bank, it has posted a net profit of about Rs 12,259 crore for the quarter ended 31.12.2022 up from Rs 10,342 crore logged in the previous year corresponding quarter. The bank had earned a total income of about Rs 51,207 crore for the period under review up from about Rs 40,651 crore earned during Q3FY22.

"HDFC Life completed the merger with Exide life in 2022. We do believe that there is enough growth potential in life insurance sector to grow both organically as well as inorganically," Niraj Shah, Chief Financial Officer (CFO), told IANS in an interview looking back at 2022 and looking forward to 2023.

The HDFC said that it would increase its RPLR on housing loans by 35 basis points, on which its Adjustable Rate Home Loans (ARHL) are benchmarked. Earlier this month, the RBI had hiked repo rate by 0.35 per cent, from 5.9 per cent to 6.25 per cent. HDFC Ltd offers low home loan interest rates starting from 8.20 per cent per annum, the statement said.

In a regulatory filing, HDFC said it had logged an operational revenue of Rs 15,027.21 crore (Rs 12,215.95 crore Q2FY22) and a net profit of Rs 4,454.24 crore (Rs 3,780.50 crore) for the period ended September 30. For the first half of FY23 HDFC registered an operational revenue of Rs 28,27.52 crore (Rs 23,873.42 crore) and a net profit of Rs 8,123.06 crore (Rs 6,781.17 crore).

The company said it had earned a net premium of Rs 13,110 crore (Rs 11,443 crore in Q2FY22) and an after tax profit of Rs 326.24 crore (Rs 274.16 crore) for Q2FY23. During the period under review, the company's net investment income stood at Rs 9,782.62 crore (Rs.8,873.38 crore).