HDFC Bank Ltd. posted better-than-expected results on healthy loan growth, signaling that India’s biggest private sector lender is beginning to recapture ground it had ceded to rival ICICI Bank Ltd. for most of last year. HDFC Bank expects loans to expand faster than the overall banking system in FY27. (Reuters) Mortgage demand and loan expansion […]
India’s stock market fell today, pulled lower by heavyweights HDFC Bank Ltd. and Reliance Industries Ltd., a day after Nifty 50 hit record high. The Bombay Stock Exchange building on Dalal Street in Mumbai. (Reuters) SENSEX NIFTY UPDATE The Nifty 50 hit an intraday record on Monday before reversing to close 0.3% lower. Seven of […]
HDFC Bank has got the Reserve Bank’s nod to hike its stakes in another private sector lender, IndusInd Bank, up to 9.5 per cent. The RBI approval has been granted with reference to the application made by HDFC Bank (Representative image/REUTERS) “We would like to inform you that the Reserve Bank of India (RBI) vide […]
IndusInd Bank Ltd. on Tuesday said that the Reserve Bank of India has approved HDFC Bank to acquire up to a 9.50% stake in the smaller private lender. IndusInd reported its largest-ever quarterly loss in the three months ended March 31. (Mint) The Reserve Bank of India has mandated that HDFC Bank acquire a major […]
Bollywood actor Kajol Devgan has rented out a retail space in Mumbai’s Goregaon to HDFC Bank for a total rent of ₹8.6 crore over a nine-year period, according to property registration documents reviewed by SquareYards. Mumbai real estate: Kajol had purchased the property in March 2025 for ₹28.78 crore, which she has now leased to […]
State Bank of India is supportive of another wave of mergers among public sector banks as policymakers explore ways to build scale and finance growth in the world’s fastest-growing major economy. CS Setty, chairman of State Bank of India. “Some further rationalisation might make sense. There are still some smaller, sub-scale banks,” Challa Sreenivasulu Setty, […]
Investment bankers are proposing a valuation of as much as $170 billion for Jio Platforms Ltd., according to people familiar with the matter, ahead of what could be a record-breaking initial public offering for Reliance Industries Ltd.’s wireless carrier. Mobile sim card packets for Jio Platforms Ltd., a unit of Reliance Industries Ltd., in Mumbai, […]
Shares of HDFC Bank Ltd. and ICICI Bank Ltd. moved in opposing directors after India’s two largest lenders declared their quarterly results. HDFC Bank clocked a net profit growth of 11% YoY in July-September 2025, while ICICI Bank could muster about half of that. (Reuters) HDFC Bank’s share price rose as much as 1.75% over […]
India’s stock market is set to open higher today on bank earnings and positive global cues on easing US-China trade tensions. The National Stock Exchange building in Bandra Kurla Complex, Mumbai. (Livemint) Gift Nifty futures were trading at 25,979.00 points as of 8:49 am, indicating that the benchmark Nifty 50 will open above Friday’s one-year […]
HDFC Bank Ltd. saw its topline grow in the second quarter of the ongoing fiscal as asset quality improved for India’s largest private lender. While HDFC Bank’s asset quality improved, its provisions jumped 30% year-on-year in July-September 2025. (Reuters) Net profit of the Mumbai-based bank rose 11% over the year-ago period to ₹18,641 crore in […]
