Capital-Hungry Yes Bank Has Another Pain Point
Business | Suvashree Ghosh and Anto Antony, Bloomberg | Wednesday February 12, 2020
Yes Bank's loss of mom-and-pop deposits in September was manageable in the end, though it pointed to a risk for the lender whose peers HDFC Bank Ltd. and ICICI Bank Ltd. drew more savings from customers during that period
Sensex Jumps Over 400 Points, Nifty Tops 12,150 Amid Broad-Based Gains: 10 Things To Know
Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday February 11, 2020
Domestic stock markets are started Tuesday's session on a positive note following two days of losses amid gains in Asian peers. The S&P BSE Sensex index climbed as much as 439.02 points to touch 41,418.64 on the upside in the first few minutes of trade, whereas the broader NSE Nifty benchmark rose to as high as 12,162.05, up 130.55 points from the ...
Markets Turn Flat Ahead Of RBI Policy; Rate-Sensitive Banking, Auto Stocks Subdued
Business | Edited by Peter Noronha | Thursday February 6, 2020
The rate-sensitive stocks are trading virtually unchanged as they seek direction from the policy statement. The BSE Bankex is flat at 35,461 and BSE auto is also quiet at 18,263. In the BSE Banking index, SBI, ICICI Bank and HDFC Bank are trading flat at Rs 310, Rs 537 and Rs 1239 respectively. And in the auto space, Maruti Suzuki and M&M are uncha...
Markets Turn Flat Ahead Of RBI Policy; Rate-Sensitive Banking, Auto Stocks Subdued
Business | Edited by Peter Noronha | Thursday February 6, 2020
The rate-sensitive stocks are trading virtually unchanged as they seek direction from the policy statement. The BSE Bankex is flat at 35,461 and BSE auto is also quiet at 18,263. In the BSE Banking index, SBI, ICICI Bank and HDFC Bank are trading flat at Rs 310, Rs 537 and Rs 1239 respectively. And in the auto space, Maruti Suzuki and M&M are uncha...
Can Budget 2020 Reboot The Banking Sector?
Business | Written by Sakshi Bajaj | Friday January 31, 2020
Abheek Barua, Chief Economist at HDFC Bank believes, "The central problem is risk and the government through this Budget can make an attempt to reduce the risk by holding or purchasing some of the toxic assets of NBFC sector."
HDFC Bank To Tap Egon Zehnder To Find Aditya Puri's Successor: Report
Business | Reuters | Thursday January 23, 2020
The board's decision to recruit a global head-hunting firm comes as a six-member internal search committee has not been able to reach a consensus on selecting a successor to Aditya Puri.
What Economists Want From Finance Minister To Kickstart Consumption
Business | Peter Noronha | Tuesday January 21, 2020
Mr Abheek Barua, Chief Economist, HDFC Bank, said in a report that the upcoming budget is unlikely to mark a departure from past budgets. There may not be any major fiscal stimulus to ramp up growth as the finance ministry itself has capped government spending in Q4 FY20. And there may only be minor tweeking of tax slabs as a cut in income tax is u...
HDFC Bank Slips On Rise In Bad Loans
Business | Edited by Peter Noronha | Monday January 20, 2020
Post market hours on Friday, HDFC Bank reported a stellar 32.8 per cent increase in its net profit for the quarter ended December 31, 2019. The private lender posted a consolidated net profit of Rs 7,416.5 crore in the third quarter of this fiscal, as opposed to Rs 5,585.8 crore in the corresponding quarter last fiscal. Net interest income (NII), t...
HDFC Bank Profit Rises Nearly 33% To Rs 7,416 Crore In December Quarter On Higher Income Growth
Business | Edited by Peter Noronha | Saturday January 18, 2020
Net interest income (NII), or the difference between interest earned on loans and that paid on deposits, grew 12.6 per cent from Rs 12,576 crore to Rs 14,172.90 crore, driven by a 19.9 per cent increase in advances and 25.5 per cent in deposits, HDFC Bank said in a statement.
Sensex, Nifty Little Changed On Flat Asian Cues
Business | Written by Abhishek Vasudev | Tuesday December 24, 2019
Gains in HDFC, ICICI Bank, Larsen & Toubro, TCS and Maruti Suzuki were offset by losses in Reliance Industries, HDFC Bank, Infosys, Axis Bank and HCL Technologies.
Sensex, Nifty Surge To Record Highs On Global Trade Optimism
Business | Written by Abhishek Vasudev | Tuesday December 17, 2019
The S&P BSE Sensex and NSE Nifty indexes surged to fresh record highs in Tuesday's session on the back of cooling trade tensions between Washington and Beijing. The Sensex surged as much as 463 points to hit an all-time high of 41,401.65 and the NSE Nifty 50 index climbed as much as 129 points to hit a new record high of 12,183. HDFC, Infosys, HDFC...
Reserve Bank Of India February Rate Cut On A Knife's Edge: Poll
Business | Reuters | Wednesday December 11, 2019
With economic growth at its weakest in over six years, 49 per cent of economists, 33 of 67, in a snap poll taken after the Monetary Policy Committee's decision, predicted that would be a temporary pause and another cut would come in February.
As Giants Reliance, ICICI, HDFC Bank Lead Rally, Investors Weigh Options
Business | Ronojoy Mazumdar, Bloomberg | Monday December 9, 2019
The S&P BSE Sensex has risen about 12 per cent from a low in September, with three members -- Reliance Industries Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. -- accounting for 61 per cent of all the gains.
HDFC Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Compare Other Rates Here
Business | Edited by Sandeep Singh | Friday December 27, 2019
HDFC Bank FD Interest Rate: HDFC Bank offers 13 maturity options for retail fixed deposits (FDs). HDFC Bank offers a 6.8% interest rate to senior citizens on one-year fixed deposits (FDs) up to Rs 2 crore.
Fixed Deposits In India's Largest Banks Fetch These Returns Today. Compare Rates Here
Business | Edited by Sandeep Singh | Thursday January 2, 2020
Bank FD Rates 2020: India's largest banks by market value - SBI, HDFC Bank, PNB, ICICI Bank, Kotak Mahindra Bank and Axis Bank - pay returns in the range of 3.50-7.35 per cent on fixed deposits up to Rs 2 crore.
Sensex, Nifty Fall For Third Straight Day As Banks, Financials Drag
Jul 22, 2019
Sensex, Nifty Edge Higher Ahead Of Economic Survey
Jul 4, 2019
Sensex Jumps Over 250 Points To Cross 40,000 Mark
May 31, 2019
Sensex Rises Over 200 Points, Nifty Moves Above 11,650
May 7, 2019
"Last Chance": Top Court Orders RBI To Disclose Bank Inspection Reports
Apr 26, 2019
Sensex Hits 39,000 For The First Time Ever
Apr 1, 2019
Sensex Rises Over 300 Points, Nifty Above 11,250
Mar 12, 2019
Interim Budget 2019 Expectations
Jan 31, 2019
Capital-Hungry Yes Bank Has Another Pain Point
Business | Suvashree Ghosh and Anto Antony, Bloomberg | Wednesday February 12, 2020
Yes Bank's loss of mom-and-pop deposits in September was manageable in the end, though it pointed to a risk for the lender whose peers HDFC Bank Ltd. and ICICI Bank Ltd. drew more savings from customers during that period
Sensex Jumps Over 400 Points, Nifty Tops 12,150 Amid Broad-Based Gains: 10 Things To Know
Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday February 11, 2020
Domestic stock markets are started Tuesday's session on a positive note following two days of losses amid gains in Asian peers. The S&P BSE Sensex index climbed as much as 439.02 points to touch 41,418.64 on the upside in the first few minutes of trade, whereas the broader NSE Nifty benchmark rose to as high as 12,162.05, up 130.55 points from the ...
Markets Turn Flat Ahead Of RBI Policy; Rate-Sensitive Banking, Auto Stocks Subdued
Business | Edited by Peter Noronha | Thursday February 6, 2020
The rate-sensitive stocks are trading virtually unchanged as they seek direction from the policy statement. The BSE Bankex is flat at 35,461 and BSE auto is also quiet at 18,263. In the BSE Banking index, SBI, ICICI Bank and HDFC Bank are trading flat at Rs 310, Rs 537 and Rs 1239 respectively. And in the auto space, Maruti Suzuki and M&M are uncha...
Markets Turn Flat Ahead Of RBI Policy; Rate-Sensitive Banking, Auto Stocks Subdued
Business | Edited by Peter Noronha | Thursday February 6, 2020
The rate-sensitive stocks are trading virtually unchanged as they seek direction from the policy statement. The BSE Bankex is flat at 35,461 and BSE auto is also quiet at 18,263. In the BSE Banking index, SBI, ICICI Bank and HDFC Bank are trading flat at Rs 310, Rs 537 and Rs 1239 respectively. And in the auto space, Maruti Suzuki and M&M are uncha...
Can Budget 2020 Reboot The Banking Sector?
Business | Written by Sakshi Bajaj | Friday January 31, 2020
Abheek Barua, Chief Economist at HDFC Bank believes, "The central problem is risk and the government through this Budget can make an attempt to reduce the risk by holding or purchasing some of the toxic assets of NBFC sector."
HDFC Bank To Tap Egon Zehnder To Find Aditya Puri's Successor: Report
Business | Reuters | Thursday January 23, 2020
The board's decision to recruit a global head-hunting firm comes as a six-member internal search committee has not been able to reach a consensus on selecting a successor to Aditya Puri.
What Economists Want From Finance Minister To Kickstart Consumption
Business | Peter Noronha | Tuesday January 21, 2020
Mr Abheek Barua, Chief Economist, HDFC Bank, said in a report that the upcoming budget is unlikely to mark a departure from past budgets. There may not be any major fiscal stimulus to ramp up growth as the finance ministry itself has capped government spending in Q4 FY20. And there may only be minor tweeking of tax slabs as a cut in income tax is u...
HDFC Bank Slips On Rise In Bad Loans
Business | Edited by Peter Noronha | Monday January 20, 2020
Post market hours on Friday, HDFC Bank reported a stellar 32.8 per cent increase in its net profit for the quarter ended December 31, 2019. The private lender posted a consolidated net profit of Rs 7,416.5 crore in the third quarter of this fiscal, as opposed to Rs 5,585.8 crore in the corresponding quarter last fiscal. Net interest income (NII), t...
HDFC Bank Profit Rises Nearly 33% To Rs 7,416 Crore In December Quarter On Higher Income Growth
Business | Edited by Peter Noronha | Saturday January 18, 2020
Net interest income (NII), or the difference between interest earned on loans and that paid on deposits, grew 12.6 per cent from Rs 12,576 crore to Rs 14,172.90 crore, driven by a 19.9 per cent increase in advances and 25.5 per cent in deposits, HDFC Bank said in a statement.
Sensex, Nifty Little Changed On Flat Asian Cues
Business | Written by Abhishek Vasudev | Tuesday December 24, 2019
Gains in HDFC, ICICI Bank, Larsen & Toubro, TCS and Maruti Suzuki were offset by losses in Reliance Industries, HDFC Bank, Infosys, Axis Bank and HCL Technologies.
Sensex, Nifty Surge To Record Highs On Global Trade Optimism
Business | Written by Abhishek Vasudev | Tuesday December 17, 2019
The S&P BSE Sensex and NSE Nifty indexes surged to fresh record highs in Tuesday's session on the back of cooling trade tensions between Washington and Beijing. The Sensex surged as much as 463 points to hit an all-time high of 41,401.65 and the NSE Nifty 50 index climbed as much as 129 points to hit a new record high of 12,183. HDFC, Infosys, HDFC...
Reserve Bank Of India February Rate Cut On A Knife's Edge: Poll
Business | Reuters | Wednesday December 11, 2019
With economic growth at its weakest in over six years, 49 per cent of economists, 33 of 67, in a snap poll taken after the Monetary Policy Committee's decision, predicted that would be a temporary pause and another cut would come in February.
As Giants Reliance, ICICI, HDFC Bank Lead Rally, Investors Weigh Options
Business | Ronojoy Mazumdar, Bloomberg | Monday December 9, 2019
The S&P BSE Sensex has risen about 12 per cent from a low in September, with three members -- Reliance Industries Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. -- accounting for 61 per cent of all the gains.
HDFC Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Compare Other Rates Here
Business | Edited by Sandeep Singh | Friday December 27, 2019
HDFC Bank FD Interest Rate: HDFC Bank offers 13 maturity options for retail fixed deposits (FDs). HDFC Bank offers a 6.8% interest rate to senior citizens on one-year fixed deposits (FDs) up to Rs 2 crore.
Fixed Deposits In India's Largest Banks Fetch These Returns Today. Compare Rates Here
Business | Edited by Sandeep Singh | Thursday January 2, 2020
Bank FD Rates 2020: India's largest banks by market value - SBI, HDFC Bank, PNB, ICICI Bank, Kotak Mahindra Bank and Axis Bank - pay returns in the range of 3.50-7.35 per cent on fixed deposits up to Rs 2 crore.
Sensex, Nifty Fall For Third Straight Day As Banks, Financials Drag
Jul 22, 2019
Sensex, Nifty Edge Higher Ahead Of Economic Survey
Jul 4, 2019
Sensex Jumps Over 250 Points To Cross 40,000 Mark
May 31, 2019
Sensex Rises Over 200 Points, Nifty Moves Above 11,650
May 7, 2019
"Last Chance": Top Court Orders RBI To Disclose Bank Inspection Reports
Apr 26, 2019
Sensex Hits 39,000 For The First Time Ever
Apr 1, 2019
Sensex Rises Over 300 Points, Nifty Above 11,250
Mar 12, 2019
Interim Budget 2019 Expectations
Jan 31, 2019
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