Credit Growth Is Chugging Along
The growth in bank credit offtake has been fuelled by the merger between HDFC Bank and HDFC.
The growth in bank credit offtake has been fuelled by the merger between HDFC Bank and HDFC.
India’s largest private bank is up against some serious headwinds as MD & CEO Sashidhar Jagdishan battles the fallout of the merger with parent HDFC — both internally and externally.
The bank says profits generated from issuing these bonds will be directed towards environment friendly and socially beneficial projects.
LIC has been advised by the RBI to acquire 9.99% shareholding in HDFC bank by January 24, 2025.
With denial of investments, tighter regulations, rapid import substitution and crackdown on misdeeds of companies, India is giving it back to China like very few nations have.
Analysts broadly remain positive on HDFC Bank’s shares with most of them lowering their target prices on the stock.
Net interest income (NII), or core income, rose 30% year-on-year to ₹27,385 crore in the second quarter
Sequentially, the net profit dropped 8% to ₹436.5 crore, while the revenue was up 12% at ₹643.1 crore in Q2 FY24.
Overall value of the most valuable Indian brands is down 4% on 2022 levels, though a relatively small dip compared global brands, says Kantar BrandZ Top 75 report
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.