Sunday, June 17, 2018, 7:56 AM
HDFC Bank CEO Aditya Puri, who has been the highest-paid Indian banker for years, has seen a small dip in overall remuneration to Rs 9.6 crore in FY18 from Rs 10 crore in FY17 despite the bank's net profit rising 20 percent to Rs 17,487 crore. The compensation could change if the central bank approves a higher performance bonus.
Monday, June 4, 2018, 9:54 AM
Benchmark indices BSE Sensex and NSEs Nifty 50 opened nearly 1% higher on Monday, but soon trimmed all the gains and traded marginally higher. In Asia, shares rose to their highest level in two-and-a-half-weeks as strong US jobs data offset worries that tariff wars between US and the rest of the world could drag on global economic growth.
Wednesday, May 9, 2018, 7:37 AM
Housing Finance Development Corporation (HDFC) is planning to put up to Rs 10 billion in a stressed asset fund for the realty segment. Implementation from last year of the Real Estate (Regulation and Development) Act is expected to throw up a number of opportunities for the restructuring of real estate entities and to nurse stressed assets.
Saturday, May 5, 2018, 12:28 AM
Indias clampdown on unaccounted cash has sent a flood of money into the private banking industry. HDFC Bank Ltd. -- the most preferred wealth manager in India among high net worth clients surveyed by Euromoney -- plans to add as many as 150 relationship managers by the end of 2020 to the current 250, said Rakesh Singh, group head of private banking.
Monday, April 30, 2018, 9:38 AM
HDFC Bank Ltd has increased rates for fixed deposits (FDs) below Rs1 crore for most tenures above 1 year, in the range of 10-100 basis points (bps). One bps is one-hundredth of a percentage point. With this, the highest rate for non-bulk FDs (less than Rs1 crore) from HDFC Bank with a tenure of 1 year 17 days to 5 years has reached 7%.
Thursday, April 26, 2018, 2:37 PM
Taking a cue from the upward trajectory in the benchmark government bond yield over the past few days, HDFC Bank has hiked interest rates on its fixed deposits (FD) for select tenures under Rs 1 crore. With this latest hike, HDFC Banks FDs will now earn higher interest compared with the countrys largest lender, State Bank of India (SBI).
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