HDFC Bank net up 20.6% to Rs 50 bn in Sep quarter; gross NPAs rise 1.33%
Posted on 20th October 2018 |
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Private lender HDFC Bank on Saturday reported a 20 per cent increase in its net profit to Rs 50.05 billion during the quarter ended September. The bank's performance was in line with estimates, especially with healthy growth in the net interest income. The private sector lender had registered a net profit of Rs 41.51 billion in the July-September quarter of 2017-18 (FY18). |
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HDFC puts out notice to auction family house of Sanjay Chandra
Posted on 17th October 2018 |
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New Delhi: As their real estate empire crumbles, Chandras of Unitech may even lose their family home to lenders. Mortgage lender HDFC has put out notices to auction Sanjay Chandra’s house in the upmarket Hauz Khas area in South Delhi. Unitech managing director Sanjay Chandra grew up in the Mayfair Garden house in Hauz Khas where his mother ran a clinic. |
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HDFC earns Rs 787 crore from stake sale in mutual fund arm during September quarter
Posted on 4th October 2018 |
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Mortgage lender HDFC Ltd Wednesday said it earned Rs 787 crore from selling stake in the initial public offer (IPO) of HDFC Asset Management Company Ltd. During the September quarter, the proceeds from the stake sale in the IPO of HDFC Asset Management Company after “net of expenses and tax stood at Rs 787 crore”, it said in a filing to the stock exchanges. |
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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said
Posted on 5th September 2018 |
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Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge. “I think HDFC is the defining bank of this country. No other bank has lead the space for so many decades. Mr Puri is the most jovial banker I know, talking to him is like learning life lessons beyond financial lessons. I wish I learn just 10% of banking from him, as much he knows,” Vijay Shekhar Sharma told in an interview to ET Now. |
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HDFC plans special situations fund to invest in stressed realty projects
Posted on 20th August 2018 |
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Bengaluru: Housing Development Finance Corp. Ltd (HDFC), India’s largest mortgage lender, is setting up a new venture to raise capital for a special situations fund that will invest in stressed projects in real estate. HDFC, which will be a sponsor to the fund, is in talks with investors to raise capital through the alternative investment fund (AIF) route. |
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HDFC Bank launches 15,500 crore share sale
Posted on 31st July 2018 |
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Mumbai: HDFC Bank Ltd, India’s biggest private sector lender, has launched a share sale to raise up to ₹15,500 crore from domestic and foreign institutional investors. The fundraiser will comprise a mix of a qualified institutional placement (QIP) and American depository receipts (ADR), the company informed stock exchanges. Only domestic institutional investors will participate in the QIP. |
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HDFC Bank’s loan advances in Q1 are three times more than Modi’s PSU bank recap budget; find out more
Posted on 9th July 2018 |
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HDFC Bank’s loan advances are up nearly Rs 7.09 lakh crore as of June 30 this year compared to Rs 5.8 lakh crore in the corresponding period last year and Rs 6.5 lakh crore as of March 2018, Bank said in the filing. It is more than three times of Rs 2.11 lakh crore what the government last year had announced for bank recapitalisation plan of state-owned lenders weighed down by bad loans. The deposits aggregated nearly Rs 8.6 billion at June end. |
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HDFC Bank most valuable bank in the emerging market outside China
Posted on 6th July 2018 |
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HDFC Bank has gone past Russia's Sberbank to become the most valuable bank in the emerging market outside China. HDFC Bank’s current market capitalisation is $78.4 billion against Sberbank's $74.4 billion. Chinese banks are leading the pecking order in the emerging market, with Industrial & Commercial Bank of China topping the list with a market cap of $273.4 billion, followed by China Construction Bank ($225.1 billion). |
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HDFC to launch $600-m housing fund, NIIF may commit $100 million
Posted on 30th June 2018 |
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Mortgage lender HDFC is set to launch a $600-million equity fund, targeting investments in middle income, urban and affordable housing. Of the total corpus, the National Infrastructure Investment Fund (NIIF) is in talks with HDFC to commit $100 million. To be managed by its real estate investment advisory arm HDFC Capital Advisors, this will be the lender’s second equity fund in the housing space. |
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HDFC Bank may rely on Indian market for $2.3 billion share sale
Posted on 18th June 2018 |
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Mumbai: HDFC Bank Ltd, the world’s most expensive major lender, is considering relying entirely on the Indian market for a share sale that could raise as much as Rs 15,500 crore ($2.3 billion), people with knowledge of the matter said. The Mumbai-based bank is weighing seeking all the capital through a qualified institutional placement in India, rather than its usual practice of splitting the fund-raising between an offering of local stock and a sale of American depositary receipts, according to the people. |
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