ICICI, HDFC and Citibank bring back fixed-rate home loans
Posted on 5th September 2014 |
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MUMBAI: ICICI Bank has brought back fixed-rate mortgages. The bank is offering home loans up to 10 years at a fixed rate of up to 10.25%, which is close to 10.15% it charges its floating-rate customers. The move is aimed at locking into a sizeable home loan portfolio which can be funded by floating infrastructure bonds. Market leader HDFC offers partially fixed-rate loans where rate is set at 10.25% for first two years, which is close to pricing of its floating-rate loans of 10.15%. |
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HDFC Bank MD Aditya Puri feels economy is improving, sees growth at 7% ahead
Posted on 27th August 2014 |
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Aditya Puri, MD, HDFC Bank, feels things have been improving for better over the past few months on the back of upbeat stock market sentiment, existing projects getting unclogged and clear policies been set out. He expects interest rates to soften by the end of this year and sees 7% growth in the medium-to-long term. HDFC Bank is now considered as a top-most valued brand. Did you expect this and secondly how are you feeling now after getting this award? |
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HDFC Life plans to double online sales
Posted on 26th August 2014 |
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HDFC Standard Life has said it is aiming to double online sales in the current fiscal. Established in 2000, the company is a joint venture between Housing Development Finance Corporation Ltd. and Standard Life plc. “We are strong in online sales space, and have a 30 per cent share in a market estimated between Rs.250 crore and Rs.300 crore. We are looking at doubling our online business in 2014-15,” HDFC Standard Life Executive Vice-President (Marketing, Digital and e-commerce) Sanjay Tripathy said here on Monday. |
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In this brand new world, names like LIC don’t make the cut; HDFC Bank emerges as India’s top brand
Posted on 20th August 2014 |
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In a pecking order that would confound many, HDFC Bank, India’s second largest private sector lender, has emerged as India’s top brand with a value of $9.4 billion, more than a tenth of the combined worth of the 50 top Indian brands of $70 billion. In a ranking in which only one Tata brand found its way into the top 50, and that too somewhere near the bottom of the heap — Tata Motors came in at 31 — marketing and brand consultancy Millward Brown and WPP Group, the world’s largest communications services group led by veteran advertising professional Martin Sorrell, has compiled the first ever BrandZ Top 50 Most Valuable Indian Brands. |
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Sensex, Nifty rangebound; top ten stocks in focus
Posted on 6th August 2014 |
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NEW DELHI: The S&P BSE Sensex plunged as much as 86 points in trade on Wednesday following muted trend seen in other Asian markets. The fall in the index was led by losses in ITC, HDFC Bank, Tata Motors and L&T. Tracking the momentum, the 50-share Nifty index also came under some bit of pressure but was trading above its crucial psychological level of 7700. |
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HDFC Bank opens four branches in Chhattisgarh
Posted on 5th August 2014 |
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HDFC Bank Ltd. inaugurated four new branches in Chhattisgarh to take its number of branches in the state to 55. Of the new branches, two had come up in Raipur and one each in Bilaspur and Korba, a press statement issued by the bank here said. All the branches are urban and will offer the full range of world-class banking solutions to meet the needs of the local population. |
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HDFC Pension Fund challenges exclusion by PFRDA in court
Posted on 2nd August 2014 |
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HDFC Pension Fund Management Co. Ltd has been ousted for a second time from the pension fund management race, prompting it to challenge the regulator in court. On 23 July, seven pension fund managers (PFMs) got their letters of appointment, but HDFC Pension Fund was rejected. |
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Sensex regains 26,000
Posted on 31st July 2014 |
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MUMBAI: Solid gains in Bharti Airtel, ICICI Bank and HDFC shares helped the benchmark sensex on Wednesday log its first rise in three sessions and end about 96 points higher to reclaim the 26,000 level despite sharp losses suffered by Larsen &Toubro. |
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HDFC Bank net up 21%, least in a decade
Posted on 22nd July 2014 |
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HDFC Bank, India’s second-largest private lender, on Monday said its net profit for the quarter ended June stood at Rs 2,233 crore, an annual rise of 21 per cent, the least in a decade. Higher interest income and lower provisions aided the bank’s earnings growth during the quarter. This was the fourth consecutive quarter when the annual rise in HDFC Bank’s quarterly profit after tax was below 30 per cent. The rise in the bank’s quarterly net profits had exceeded 30 per cent (year-on-year) for about a decade, till the first quarter of 2013-14. |
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