New Delhi: Mortgage lender HDFC Ltd on Tuesday reported a consolidated profit after tax of Rs 5,177 crore in the third quarter this fiscal compared to Rs 3,835 crore in the year-ago period. On a standalone basis, net profit for the December quarter stood at Rs 2,926 crore as against...
HDFC Bank Q3 net rises 14.36 pc to Rs 8,760 cr
New Delhi: At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 crore on a standalone basis compared to Rs 36,039 crore in the year-ago period. The results, the first earnings to be declared...
HDFC’s individual loan disbursements jumps 26% in Q3FY21
New Delhi: Housing Development Finance Corporation (HDFC) on Monday reported a healthy rise of 26 per cent in the individual loan category during the third quarter of FY21. “The individual loan business continued to see improvements during the quarter ended December 31, 2020. Disbursement growth over the corresponding quarter of...
RBI prevents HDFC Bank from issuing digital activities and credit cards
New Delhi: The Reserve Bank of India (RBI) has asked to temporarily stop HDFC Bank's upcoming digital business activities and new credit card issuance by issuing an order. The order has been given by the central bank due to the affected functioning of the data center of HDFC Bank last...
HDFC Bank m-cap rises to Rs 8 lakh crore mark
The market valuation (m-cap) of HDFC Bank surged Rs 8 lakh crore in early trade on Wednesday, making it the first domestic lender to achieve the feat. With this achievement, the bank has become the third most valued domestic firm in terms of market capitalisation. The company’s market valuation rose...
HDFC Bank Q2 Net profit jumps 18.4 pc to Rs 7,513 cr
Mumbai: Private sector lender HDFC Bank on Saturday reported 18.4 pc increase in its net profit to Rs 7,513 crore for the quarter ended in September 2020. The profit was at Rs 6,345 crore last year. Net interest income for the quarter under review increased by 16.7 pc to Rs...
HDFC Bank Launches India’s first Warehouse Commodity Finance App
New Delhi: In an industry first, HDFC Bank today launched a Warehouse Commodity Finance App. This will enable customers in drawing down and managing the loan against pledge of commodities online without physical intervention or multiple visits to a Bank branch. This in turn will bring in enhanced efficiencies and...
HDFC Life Insurance, Yes Bank enter into corporate agency arrangement
HDFC Life Insurance Company Limited has entered into a corporate agency arrangement with Yes Bank, the company announced on Tuesday. The arrangement will enable Yes Bank to sell a range of life insurance products including solutions for protection, savings and investment, retirement and others, to its customers. Life insurance is...
HDFC Bank to file response to US lawsuit by early next year
New Delhi: The Bank expects its response to the lawsuit to be due in early 2021, HDFC Bank said in a regulatory filing. HDFC Bank was clarifying media reports related to filing of class action claims by certain US law firms against the Bank. "In this regard, we wish to...
HDFC Bank launches Video KYC facility
Mumbai: HDFC Bank today announced the launch of Video KYC (Know Your Customer) facility. After successful completion of the pilot project, HDFC Bank has deployed consent-based Video KYC facility as an alternate method of establishing the prospective customer’s identity, during the account opening process in a safe and secure environment....