Shares of HDFC Bank on Monday declined over 3 per cent after its chief executive and managing director Aditya Puri sold shares worth Rs 842.87 crore of the private lender last week. The stock dipped 3.36 per cent to Rs 1,081.10 on the BSE.
Aditya Puri quit his job as head of Citibank Malaysia to launch HDFC Bank in 1994, has created the country’s second-largest lender. The bank's board last year set up a 6-member search committee to identify his successor.
HDFC Bank Managing Director Aditya Puri has emerged as the highest-paid banker among the top executives of leading lenders for FY2019-20, with his salary and prerequisites jumping to Rs 18.92 crore. A look at top 3 paid bank MD and CEOs in India.
HDFC Bank CEO Aditya Puri has retained his position at the top of the table of highest-paid banking CEOs in the country. As per the latest figures, Puri's earnings jumped by 38 per cent compared to last year.
The shareholders of HDFC Bank also approved the re-appointment of Malay Patel as an Independent Director, and Kaizad Bharucha as Executive Director and appointment of Renu Karnad as Non-Executive Director of the bank.
HDFC Bank, the largest private sector lender in India has reported a nearly 20 per cent rise in its net profit for June quarter of the current financial year.
Earlier on Monday, HDFC Bank spokesperson said, "We would like to state that the executive concerned who was on an extension of service retired on March 31, 2020 in the normal course of his employment.
The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect. Following the reduction, MCLRs of the bank will range from 7.10 per cent to 7.65 per cent.
Seven of the 10 most valued domestic companies together lost Rs 78,127.74 crore in market valuation last week, with HDFC Bank taking the biggest knock.
HDFC Bank announced that it has extended the loan moratorium and credit card outstanding moratorium by another 3-months for its customers to help them sail through the disruption caused by coronavirus pandemic. The Reserve Bank of India last week had extended the moratorium on loan repayments by three more months, till August 31.
Are you HDFC Bank’s credit and debit card user? Then here is a special offer for you where you can save up to Rs 2000 while shopping online on Flipkart. HDFC Bank customers can save up to Rs.2000 on HDFC Bank Debit and Credit Cards, according to the official HDFC Bank website. Customer must know that this special offer is also applicable on EMI transactions.
Private sector lender HDFC Bank on Tuesday said it is increasing additional interest paid to senior citizens by 0.25 percentage point if they are willing to make a longer tenor deposit.
In what may be a major relief for the common man amid the coronavirus crisis, HDFC Bank plans to expand the network of its mobile ATM service across the country.
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.
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