HDFC Bank Limited announced its unaudited financial results for Q2 FY25, showcasing a 6% year-on-year increase in net profit to ₹16,820.97 crore. This result reflects the bank’s steady growth trajectory, despite a marginal rise in its gross non-performing assets (GNPAs), which now stand at 1.36%. The net NPA ratio, however, remains stable at 0.41%. Key […]
HDFC Bank Limited announced its Board of Directors has approved a major Offer for Sale (OFS) of equity shares in its subsidiary, HDB Financial Services (HDBFS), as part of the company’s Initial Public Offering (IPO). The announcement, made on October 19, 2024, detailed that HDBFS aims to raise ₹12,500 crore through this IPO, with ₹2,500 […]
HDB Financial Services Ltd, a non-banking financial arm of HDFC Bank, is poised to make waves in the Indian financial market with its upcoming initial public offering (IPO), potentially raising a whopping ₹2,500 crore. This IPO comes at a time when the company is riding high on robust growth figures and aligning with regulatory requirements. […]
In a strategic move aimed at reinforcing its leadership team, Mahindra Finance, one of India’s foremost non-banking financial companies, has announced two significant appointments. Bijoy Thaplial has been appointed Chief Business Officer – Leasing, Partnerships, and Payments, while Mod Narayan Singh has been named Chief Compliance Officer (CCO). These changes are set to drive innovation […]
In an interesting development for the banking sector, NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a subsidiary of NIIT Limited, has announced the launch of the “ACE Banker Program” in collaboration with HDFC Bank, India’s leading private sector bank. This revolutionary initiative is a crucial element of NIIT’s Talent Pipeline as a Service […]
Tata Motors, India’s largest commercial vehicle manufacturer, has entered into a Memorandum of Understanding (MoU) with HDFC Bank, the nation’s leading private sector bank, to offer attractive digital financing solutions for its commercial vehicle customers. This partnership marks a pivotal development in making financial services more accessible to customers of Tata Motors’ commercial vehicles. Seamless […]
HDFC merges with HDFC Bank to create India’s largest financial conglomerate HDFC Bank, one of India’s leading private sector banks, confirmed the successful completion of its merger with HDFC Ltd., a premier housing finance company. The merger, which was first announced on April 4, 2022, was projected to take 15 to 18 months and is […]
HDFC Bank Q4FY23 results : Indian private banking group HDFC Bank Limited has reported a net profit of INR 125.9 billion for the fourth quarter of the fiscal year 2023 (Q4FY23), an increase of 20.6% compared to INR 104.4 billion in the same quarter of the previous fiscal year. The earnings per share (EPS) of […]
HDFC Bank Q2FY23 results : Indian private banking group HDFC Bank Limited has reported a net profit of INR 10,605.8 crores for the second quarter of the fiscal year 2023 (Q2FY23), an increase of 20.1% compared to INR 8,834.3 crores for the same quarter of the previous fiscal year. The diluted earnings per share (EPS) […]
HDFC Bank said that it has allotted 2.58 million equity shares to its employees pursuant to exercising options under its employees stock options scheme (ESOS). According to the Indian banking and financial services company, its paid up share capital will increase accordingly from INR 5.555 billion equity shares of INR 1 each to INR 5.557 […]