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The Reserve Bank of India (RBI) has approved the appointment of Anup Bagchi as Managing Director & CEO of HDFC Bank for three years from October 27, 2026. The bank’s board, at its October 1 meeting, approved his appointment as an Additional Director from October 2 until shareholder approval. Mr. Bagchi was among two candidates…
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The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.13 lakh crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35%, and the NSE Nifty dipped 76.35 points, or…
HDFC Bank had reported a consolidated net profit of ₹18,834.88 crore in the year-ago period. File | Photo Credit: Reuters HDFC Bank on Saturday (April 18, 2026) reported an 8.04% rise in its consolidated net profit to ₹20,350.76 crore for the March quarter. The city-headquartered bank had reported a consolidated net profit of ₹18,834.88 crore…
Read More “HDFC Bank Q4 net profit rises 8% to ₹20,351 crore” »
Image used for representative purpose only. | Photo Credit: Reuters The combined market valuation of seven of the top-10 most valued firms climbed ₹74,573.63 crore in a holiday-shortened last week, with HDFC Bank emerging as the biggest gainer in line with a positive trend in equities. Last week, the BSE benchmark climbed 780.71 points or…
Read More “Mcap of 7 of top-10 most valued firms climbs ₹74,573 crore; HDFC Bank biggest gainer” »
Exact details of the alleged violations leading to the action against HDFC Bank were not immediately clear. File. | Photo Credit: Reuters HDFC Bank has been barred from onboarding new customers at its Dubai International Financial Centre branch by the local regulator. HDFC Bank, India’s largest private sector lender, said it has initiated the necessary…
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Bombay Stock Exchange (BSE). File | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty settled lower for the sixth straight session on Monday (October 7, 2024) due to heavy selling in bellwether stocks including HDFC Bank and Reliance Industries amid mixed trends in the global markets and outflow of foreign funds. Falling for the…
Representational Image Mumbai: The Reserve Bank of India (RBI) has imposed penalties totalling Rs 2.91 crore on Axis Bank and HDFC Bank for certain deficiencies in statutory and regulatory compliance. In a statement on Tuesday, the RBI said a penalty of Rs 1.91 crore has been imposed on Axis Bank for contravention of certain provisions of…
Read More “Axis Bank, HDFC Bank Fined 2.91 Crore By RBI For Deficiencies In Regulatory Compliance” »
Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets. The 30-share BSE Sensex fell 111.85 points…
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People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday (August 13, 2024) dragged by blue-chip HDFC Bank and fresh foreign fund outflows. Also mixed trends from global markets failed to give direction to the domestic equities. The…
Read More “Sensex, Nifty decline in early trade; HDFC Bank drags” »
New Delhi: Starting June 25, HDFC Bank will stop sending SMS alerts for UPI transactions up to Rs 100. Now SMS notifications will be pushed only for transactions above Rs 100 (for money sent/paid) and above Rs 500 (for money received). The lender informed its customers through emails that they would continue to receive email…
Read More “HDFC Bank To Stop SMS Alerts For Some UPI Transactions. Check Details Here” »