Private sector lender HDFC Bank on Saturday reported a 15.4 per cent rise in consolidated net profit at Rs 7,280.22 crore for the fourth quarter of 2019-20.
The People's Bank of China has increased its stake in the lending major Housing Development Finance Corporation (HDFC) to 1.01 per cent.
HDFC Bank Alert: Largest private sector lender HDFC Bank on Thursday sent an alarm for its customers against a possible fraud over the three-month loan repayment moratorium. The bank has asked its users to be "extra cautious".
Financial services conglomerate HDFC Group on Thursday said it has committed Rs 150 crore to the PM-Cares Fund to support the government for its relief and rehabilitation measures towards the Covid-19 pandemic.
In a massive relief for borrowers, several public sector banks - SBI Bank, PNB, Union Bank and private lenders - HDFC, ICICI Bank, announced 3-month moratorium on term loans, ruling in the directions by the Reserve Bank of India.
HDFC Bank EMI, Credit Card Dues Moratorium: HDFC bank announced EMI and credit card moratorium to its customers in line with the Reserve Bank of India (RBI) guidelines that all lending institutions will have to give their borrowers a three-month moratorium on term loans in wake of the coronavirus outbreak hitting the economy hard.
Private sector banks HDFC and ICICI have asked customers to use digital means for transactions and said they have reduced their staff in office as a precautionary measure against the spread of coronavirus.
Six of the 10 most valued domestic companies suffered a combined erosion of Rs 95,432.26 crore in market valuation last week, dragged down by Reliance Industries Limited (RIL) and HDFC Bank amid a bearish trend in the broader market.
HDFC Bank on Thursday joined hands with the country's largest airline IndiGo to launch a co-branded credit card, which will effectively work like a loyalty programme for the carrier.
A massive fire broke out at an ATM of the HDFC bank in Greater Noida on Friday. The incident is said to have caused due to a short circuit. A number of fire tenders were rushed to the spot. The incident took place in Tugalpur area.
Private sector lender HDFC Bank doubled its SME book to over Rs 1.48 lakh crore by December 2019 from Rs 74,000 crore in March 2017, cornering over 9 percent of the around Rs 16 lakh crore market, at a time when credit flow to the segment has been tepid.
The Budget does not provide any counter-cyclical stimulus to boost consumption, and the Reserve Bank will have to do the heavy lifting to boost growth by cutting rates, the country's largest private sector lender HDFC Bank said on Wednesday. The budget announcements are also not inflationary in nature, and the Reserve Bank can cut rates as early as in the June review, it said.
Seven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
The RBI in a release said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had "failed to exercise ongoing due diligence" with regards to 39 current accounts opened by its customers for bidding in Initial Public Offer.
A Noida-based girl received a jolt from the blue when she got robbed of Rs 1.5 lakh without any OTP or PIN. The fraudulent transactions were made via the girl's HDFC Bank Debit Card and HDFC Bank Credit Card. Here's what happened.
Neha, who works with a PR firm, immediately informed the HDFC customer care, got both the cards blocked, transferred the rest of the amount from the affected savings account to another joint HDFC account, and lodged an FIR in Paris.
Private lender HDFC Bank on Saturday reported a 32.8 per cent growth in net profit to Rs 7,416.5 crore for the third quarter ended December 31 driven by interest and non-interest income.
HDFC Credit Cardholders alert! Are you holding Credit Card of HDFC Bank? Then here is important news for you. India's largest private lender, HDFC Bank has alerted its customers that Credit Card services on IVR, net banking, mobile banking, phone banking, will not be available on January 18, 2020