Friday, February 8, 2019, 7:54 AM
Governor Shaktikanta Das' maiden policy announcement has ensured 'growth' re-enters the central-banking vocabulary and there are chances of more-rate-cuts like the one delivered surprisingly Thursday, analysts and industry observers said. "Growth re-enters the central bank's vocabulary as something to be cherished and not to be viewed exclusively as something that raised the risk of inflation," economists at largest private sector lender HDFC Bank said.
Thursday, January 3, 2019, 8:59 PM
Powered by the business of Dena Bank and Vijaya Bank, Bank of Baroda will become larger than ICICI Bank from 1 April following completion of the amalgamation process of three state-run banks. After State Bank of India (SBI) and HDFC Bank, with businesses of Rs 45.85 trillion and Rs 15.8 trillion respectively, ICICI Bank (Rs 11.02 trillion) is the third largest commercial bank now.
Saturday, December 8, 2018, 10:15 AM
HDFC Bank on Friday hiked its marginal cost of funds lending rate (MCLR) to 8.40%, 8.45% and 8.55% for the one, three- and six-month tenures, respectively. The hike for all buckets was 5 basis points. HDFC Bank has hiked its short-term MCLR rates consecutively for the past four months. However, the private sector lender left the benchmark one-year MCLR unchanged at 8.70%.
Wednesday, December 5, 2018, 7:23 PM
RBI's policy decision to hold the repo rate at 6.5% in its fifth bi-monthly policy review failed to uplift investor sentiment, which was already subdued given the fall in global stocks. The central bank maintained its 'calibrated tightening' stance although it cut its inflation projection for H2FY19 to 2.7-3.2% from 3.9-4.5% earlier. On NSE, barring Nifty IT index all other major indices ended lower.
Monday, December 3, 2018, 12:23 PM
HDFC Bank has withdrawn its mobile app from Google Play Store and Apple App Store after users complained of being unable to access it. The mobile app had been revamped and launched earlier this week with new interface and features. The bank is yet to issue an update regarding when the new version will be made available for users.
Monday, November 19, 2018, 5:29 PM
Stock markets started the week on a strong note, with the S&P BSE Sensex closing 317-points or 0.9% higher at 35,774 on Monday. NSE benchmark index Nifty50 advanced 81-points to settle at 10,763. Both the indexes clocked their best closing levels since October-3. Gains in FMCG, auto, metal, IT and pharma stocks pushed the domestic markets higher despite a mixed trend in Asian peers.
Tuesday, October 30, 2018, 9:30 AM
Private sector HDFC Bank on Monday said the RBI has approved re-appointment of Aditya Puri as managing director of the bank for another two years. Reserve Bank of India, vide its letter dated October 22, 2018, has accorded its approval to HDFC Bank Ltd. for re-appointment of Aditya Puri, as MD & CEO of the bank, from November 1, 2018 to October 26, 2020.
Sunday, October 28, 2018, 4:41 PM
Eight of the ten most valued Indian firms suffered a combined loss of Rs1,35,162.15 crore in market capitalisation last week with benchmark BSE Sensex diving around 3%. TCS, RIL and Infosys took a severe beating in market valuation while only two bluechips, HDFC and ICICI Bank, managed to record gains in market capitalisation (m-cap) for the week ended Friday.
Monday, October 22, 2018, 7:26 PM
Sensex and Nifty fell for the third consecutive session on Monday, weighed down by index heavyweight Reliance Industries Ltd as macro concerns, including higher crude prices and liquidity crunch, hurt the trading sentiment. While the benchmark BSE Sensex closed down 0.53% at 34,134.38, the broader NSE Nifty ended 0.57% lower at 10,245.25. Reliance Industries was the top drag on the index, ending down 3.5%.
Sunday, October 21, 2018, 9:58 PM
Five of the 10 most valued companies in the country together added Rs 31,381.39 crore in market valuation last week, with ITC topping the chart. While HUL, ITC, Infosys -3.09 %, Kotak Mahindra Bank 1.95 % and ONGC saw addition in their market capitalisation (m-cap) for the week ended Friday, TCS, RIL, HDFC Bank -0.35 %, HDFC and SBI finished with losses.
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