Mon, Jul 17, 2023
HDFC Bank share price: The bank's net revenue grew by 26.9 per cent to Rs 32,829 crore from Rs 25,870 crore in the year-ago period.
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Tue, Jul 11, 2023
The reverse merger of HDFC twins has propelled HDFC Bank to a higher weightage in Nifty, surpassing billionaire Mukesh Ambani's Reliance Industries. As a result, HDFC Bank will have more power to shape Nifty's direction. The bank's market cap will also increase after the merger, as HDFC shareholders receive fully paid-up shares of HDFC Bank.
Wed, Jul 05, 2023
HDFC Bank's share price: The lender's CASA ratio, too, declined to 42.5 per cent from 45.8 per cent in the corresponding quarter of the previous fiscal year.
Sat, Jul 01, 2023
With the merger, the networth of the entity would be over Rs 4.14 lakh crore.The combined profit of both entities was to the tune of about Rs 60,000 crore at the end of March 2023.
Tue, Jun 27, 2023
HDFC and HDFC Bank merger to be effective from July 1, board meeting regarding this will be held on June 30.
Thu, Jun 15, 2023
The merger of HDFC Bank and HDFC will create India's second-largest financial institution by assets. However, the merger could put pressure on mutual funds to reduce their holdings in the merged company, as SEBI rules state that mutual funds cannot invest more than 10% in a single security. It is estimated that funds may need to sell Rs 30-40 billion of the merged company's stock to comply with regulations.
Thu, May 18, 2023
RBI approves SBI Funds Management's acquisition of 9.99% stake in HDFC Bank. Watch the video to find out how this strategic move will benefit HDFC Bank, expand its housing loan portfolio, and attract a larger customer base.
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