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HDFC Bank consolidated profit rises 18% to 9,096 crore in second quarter

The total consolidated income during the quarter under review rose to 41,436.36 crore from 38,438.47 crore in July-September 2020, HDFC Bank said in a statement.
The HDFC bank had earned a net profit <span class='webrupee'>₹</span>7,513.1 crore on standalone basis in the same quarter a year ago, the statement said.
The HDFC bank had earned a net profit 7,513.1 crore on standalone basis in the same quarter a year ago, the statement said.
Published on Oct 16, 2021 04:48 PM IST
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PTI | | Posted by Sharangee Dutta, Hindustan Times, New Delhi

HDFC Bank didn’t flag forgery: Whistleblower

  • According to the complaint filed with the regulator in July, on finding out a customer has applied using forged documents, the bank demanded a fine and called it a “processing fee”.
The HDFC Bank spokesperson said that in a number of cases the bank also files police complaints, in addition to and despite having collected the processing charges.(MINT_PRINT)
The HDFC Bank spokesperson said that in a number of cases the bank also files police complaints, in addition to and despite having collected the processing charges.(MINT_PRINT)
Published on Sep 30, 2021 05:02 AM IST
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ByShayan Ghosh, Mumbai

HDFC cuts home loan rates for festival season, joins SBI, PNB and Bank of Baroda

Several real estate developers and consultants said these concessional interest rates on home loans will lead to a strong consumer demand in India's residential property market.
Several banks have announced benefits on home loans during the festival season.(Bloomberg Photo)
Several banks have announced benefits on home loans during the festival season.(Bloomberg Photo)
Published on Sep 21, 2021 11:04 AM IST
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Byhindustantimes.com | Written by Amit Chaturvedi, Hindustan Times, New Delhi

HDFC Bank's mobile app down, customers asked to use net banking

HDFC Bank, India's largest private lender, has been pulled up by the Reserve Bank of India for issues with its online banking services.
HDFC Bank branch is seen in this file photo in Mumbai. (Bloomberg)
HDFC Bank branch is seen in this file photo in Mumbai. (Bloomberg)
Published on Jun 15, 2021 01:31 PM IST
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Byhindustantimes.com, New Delhi

Seven of top-10 most valued firms add over 1.15 lakh crore to m-cap

Reliance Industries, HDFC Bank, Hindustan Unilever, HDFC, State Bank of India, Bajaj Finance and Kotak Mahindra Bank witnessed rise in their valuation.
Reliance Industries added <span class='webrupee'>₹</span>60,668.47 crore to take its valuation to <span class='webrupee'>₹</span>13,88,718.41 crore.(Reuters)
Reliance Industries added 60,668.47 crore to take its valuation to 13,88,718.41 crore.(Reuters)
Published on Jun 06, 2021 12:05 PM IST
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PTI | , New Delhi

Aditya Puri, other entities to invest 4,000 cr in PNB Housing Finance

  • State-run Punjab National Bank (PNB) will continue to be a promoter of the mortgage lender. Carlyle and its affiliates, as well as Puri’s investment firm, will also be classified as promoters.
Aditya Puri’s family investment vehicle will invest <span class='webrupee'>₹</span>25 crore as part of the deal.(Pic Courtesy:Twitter)
Aditya Puri’s family investment vehicle will invest 25 crore as part of the deal.(Pic Courtesy:Twitter)
Published on Jun 01, 2021 08:29 AM IST
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ByGopika Gopakumar, Swaraj Singh Dhanjal , Hindustan Times, Mumbai

Banks shouldn’t cite 2018 crypto note: RBI

  • The clarification came after lenders such as HDFC Bank Ltd and State Bank of India (SBI) cautioned customers through emails against dealing in virtual currencies such as bitcoin, citing the circular.
The crypto industry has been requesting the RBI to provide clarification on the circular.(Aniruddha Chowdhury/Mint File Photo))
The crypto industry has been requesting the RBI to provide clarification on the circular.(Aniruddha Chowdhury/Mint File Photo))
Updated on Jun 01, 2021 08:19 AM IST
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ByAbhinav Kaul, Hindustan Times, New Delhi

HDFC Q4 profit up 42% at 3,180 crore

Standalone net profit stood at 3,180 crore in the quarter as compared to 2,233 crore a year ago. The mortgage lender had posted a net profit of 2,926 crore in the December quarter.
HDFC’s board approved a dividend of <span class='webrupee'>₹</span>23 per share with a face value of <span class='webrupee'>₹</span>2.(Livemint)
HDFC’s board approved a dividend of 23 per share with a face value of 2.(Livemint)
Published on May 08, 2021 06:14 AM IST
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Livemint | ByGopika Gopakumar, Mumbai

HDFC’s Q4 net profit jumps by 43% as soured debt provisions drop

Although HDFC has been less impacted by the virus compared to its peers, India’s shadow lending sector was significantly weakened by an ongoing crisis since 2018 after the failure of a large infrastructure financier.
The headquarters of India's HDFC bank is pictured in Mumbai. (REUTERS)
The headquarters of India's HDFC bank is pictured in Mumbai. (REUTERS)
Published on May 07, 2021 05:04 PM IST
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Bloomberg |

HDFC Bank re-introduces mobile ATMs amid surge in Covid-19 cases

Mobile ATMs will stay at each location for a specific period of time and will cover three to four stops in a day, the statement added. It can be used for conducting over 15 types of transactions.
Over a year ago, on April 8, HDFC bank rolled out mobile ATMs in over 50 cities during the first wave of the pandemic. (Blommberg | Representational image)
Over a year ago, on April 8, HDFC bank rolled out mobile ATMs in over 50 cities during the first wave of the pandemic. (Blommberg | Representational image)
Updated on Apr 24, 2021 05:17 PM IST
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Byhindustantimes.com | Written by Srivatsan K C, Hindustan Times, New Delhi

HDFC Bank to raise 50,000 cr via bonds

  • This comes a couple of days after RBI governor Shaktikanta Das met bank chiefs and emphasised the need for raising adequate capital for strengthening balance sheets.
HDFC Bank is well above minimum regulatory requirements.(REUTERS)
HDFC Bank is well above minimum regulatory requirements.(REUTERS)
Published on Apr 15, 2021 01:37 AM IST
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ByShayan Ghosh, Mumbai

HDFC Bank customers face issues with online, mobile banking

  • Several customers took to the social media platform to report issues in accessing the bank's services. The bank said that it is currently working on resolving the issue.
The headquarters of India's HDFC bank is pictured in Mumbai,(Reuters)
The headquarters of India's HDFC bank is pictured in Mumbai,(Reuters)
Updated on Mar 30, 2021 02:36 PM IST
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Byhindustantimes.com | Edited by Mallika Soni, Hindustan Times, New Delhi

HDFC reduces interest rates on home loans

  • HDFC also outlined that the changes will affect customers who currently have availed home loan benefits from the lender.
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)
HDFC said customers who have good credit histories can avail new loans at 6.75%. (Abhijit Bhatlekar/ Mint)
Published on Mar 03, 2021 09:44 PM IST
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Byhindustantimes.com, Hindustan Times, New Delhi

RBI appoints external firm to audit HDFC Bank’s IT infrastructure

In December, RBI ordered HDFC Bank to halt its digital banking initiatives and freeze credit card issuances until it addressed the lapses that led to a series of glitches.
HDFC Bank said last month it has provided a remedial plan on its e-banking outages to the regulator and expects its strategies to take shape in 10-12 weeks.(Mint | Representational image)
HDFC Bank said last month it has provided a remedial plan on its e-banking outages to the regulator and expects its strategies to take shape in 10-12 weeks.(Mint | Representational image)
Published on Feb 03, 2021 07:26 AM IST
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Livemint | ByShayan Ghosh, Mumbai

HDFC Ltd consolidated net profit rises to 5,724 crore in third quarter

The corporation said that profit numbers for the quarter and nine months ended December 31, 2020 are not comparable with that of the corresponding quarter/period of the previous year.
Pedestrian walk past an HDFC Bank Ltd. branch in Mumbai, India,(Bloomberg)
Pedestrian walk past an HDFC Bank Ltd. branch in Mumbai, India,(Bloomberg)
Published on Feb 02, 2021 03:15 PM IST
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PTI |

Shares slump to over one-month low as banks slid

Shares of Axis Bank dropped as much as 2.6% after its third-quarter profit slumped due to a surge in provisions for bad loans
HDFC Bank and Housing Development Finance Corp were the top drags to the Nifty 50 index, falling 2.5% and 2.2%, respectively.(Bloomberg)
HDFC Bank and Housing Development Finance Corp were the top drags to the Nifty 50 index, falling 2.5% and 2.2%, respectively.(Bloomberg)
Published on Jan 28, 2021 10:05 AM IST
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Reuters | , Bengaluru

Lenders look to give mobile apps a facelift

State-run Bank of Baroda (BoB), for instance, is looking to redesign its mobile app, which had 11.43 million downloads on Google Play Store at the end of March. The bank is hiring an agency to identify the difficulties faced by customers before redesigning the app.
A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata.(REUTERS)
A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata.(REUTERS)
Updated on Dec 28, 2020 02:37 AM IST
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Livemint, Mumbai | ByShayan Ghosh

Exits signal big revamp at HDFC Bank

People aware of the matter have pointed to an expected top management reshuffle in HDFC Bank before Puri leaves, with more exits likely in the coming months.
HDFC Bank has described exits of three veterans as routine developments.(Pradeep Gaur/ Mint File Photo)
HDFC Bank has described exits of three veterans as routine developments.(Pradeep Gaur/ Mint File Photo)
Updated on Jul 15, 2020 01:48 AM IST
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Mint, Mumbai | ByGopika Gopakumar

Now, apply on CHB portal for need-based changes

The portal will be functional within two weeks
HT Image
HT Image
Updated on Aug 29, 2019 12:37 AM IST
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ByVivek Gupta, Chandigarh

Nifty, Sensex edge up as IT gains on weak rupee

The broader NSE Nifty was up 0.13% at 11,360.45 as of 0433 GMT, while the benchmark BSE Sensex was 0.18% higher at 38,099.16.
Indian shares inched higher in volatile trade on Tuesday as a weaker rupee boosted IT stocks.(PTI Photo)
Indian shares inched higher in volatile trade on Tuesday as a weaker rupee boosted IT stocks.(PTI Photo)
Updated on Jul 23, 2019 12:17 PM IST
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Mumbai | ByReuters

HDFC Bank posts 18.2% rise in net profit in first quarter

Net profit rose to 46.01 billion rupees for the quarter ended June 30, from 38.94 billion rupees a year ago.
01 February, 2013, New Delhi : HDFC home loan office, near Palam Marg Munirka in New Delhi. Photo By Pradeep Gaur/ Mint(Pradeep Gaur/ Mint)
01 February, 2013, New Delhi : HDFC home loan office, near Palam Marg Munirka in New Delhi. Photo By Pradeep Gaur/ Mint(Pradeep Gaur/ Mint)
Updated on Jul 21, 2018 04:45 PM IST
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Mumbai | ByReuters

Two-day bank strike begins today: Millions of customers may be affected across India, ATMs could go dry

Employees from nearly 40 state-owned and private banks across the country are going on a strike on May 30 and May 31 to press for a revision of wages they say is due since November 2017.
Commuters walk past a bank sign along a road in New Delhi. Services are likely to be affected on Wednesday and Thursday as the bank strike begins across India.(Reuters File Photo)
Commuters walk past a bank sign along a road in New Delhi. Services are likely to be affected on Wednesday and Thursday as the bank strike begins across India.(Reuters File Photo)
Updated on May 30, 2018 07:36 AM IST
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Hindustan Times, Mumbai | ByVivina Vishwanathan

HDFC Bank raises FD rates by 0.10% - 1% for various tenures

For FDs of tenures less than 5 years, the fixed deposit rate has gone up to a maximum of 7%.There has been no change for FDs of tenures longer than 5 years.
HDFC Bank is not the first lender to hike FD rates. In February, State Bank of India had increased rates on term deposits by 10-75 bps.(Dhiraj Singh/Bloomberg)
HDFC Bank is not the first lender to hike FD rates. In February, State Bank of India had increased rates on term deposits by 10-75 bps.(Dhiraj Singh/Bloomberg)
Updated on Apr 30, 2018 06:37 PM IST
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Livemint | ByShaikh Zoaib Saleem
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Thursday, December 02, 2021