HDFC Bank Archives

RBI’s Increased Scrutiny: Impact on Banks and Financial Firms

The Reserve Bank of India (RBI) has intensified its scrutiny of banks and financial firms, leading to significant supervisory restrictions. Recently, the RBI imposed restrictions on two companies within the Edelweiss Group

May 30, 2024

Market Capitalization of Top 10 Firms Sees Decline: Airtel Takes Biggest Hit

In a holiday-shortened last week, the combined market valuation of six of the top-10 most valued firms witnessed a decline by Rs 68,417.14 crore. Among these, Bharti Airtel and Reliance Industries took

May 5, 2024

Business·Latest News

Atanu Chakraborty Reappointed as HDFC Bank Chairman by RBI for Three Years

HDFC Bank Limited has announced that Atanu Chakraborty has been reappointed as the part-time chairman of the bank for a three-year term by the Reserve Bank of India (RBI). The reappointment will

May 3, 2024

India·Latest News

Market Cap of Top Firms Surges by Rs 1.30 Trillion; SBI and ICICI Bank Lead Gains

Last week witnessed a significant surge in the combined market valuation of the top six firms in India, with State Bank of India (SBI) and ICICI Bank leading the pack. The total

April 28, 2024

Business

Strategic Shifts: HDFC Bank, Grasim, and ITC Lead the Top Stock Holdings in March 2024 Quarter

The NSE’s Nifty 50 has soared to unprecedented heights, breaching the 22,700 mark earlier this month, leading shareholders to make strategic adjustments in response to the dynamic market landscape. This surge, mirrored

April 25, 2024

India’s Credit Card Spending Soars 27% to Rs 18.26 Trillion in FY24: RBI Report

In a significant surge, credit card spending in India escalated by 27% year-on-year to reach Rs 18.26 trillion in the financial year 2023-24 (FY24), as per the latest data released by the

April 25, 2024

HDFC Bank Allocates Rs 1,500 Crore as Ex-Gratia Reward for Employees After Stellar Q4 Performance

HDFC Bank’s decision to allocate approximately Rs 1,500 crore as ex-gratia payment to its staff stands as a remarkable gesture of appreciation following its impressive Q4FY24 performance. The move, spearheaded by Sashidhar

April 22, 2024

Business

MUFG Eyes $1.7 Billion Stake in HDFC Bank’s Consumer Lending Arm Ahead of IPO: Sources

Mitsubishi UFJ Financial Group Inc. (MUFG), Japan’s largest lender, is reportedly in advanced discussions to acquire a significant stake worth approximately $1.7 billion in HDFC Bank Ltd.’s consumer lending subsidiary, aiming to

April 13, 2024

Business·Latest News