Mumbai: The bank's head of consumer finance, digital banking and information technology, Parag Rao, said that it has used the last six months to ''introspect, re-engineer and innovate'' about the cards business, where it has 15.5 million customers. The bank has lost its market share by a couple of percentage...
HDFC to raise up to Rs 2,000 cr by issuing bonds
New Delhi: Mortgage lender HDFC Ltd will raise up to Rs 2,000 crore by issuing debt securities on a private placement basis to augment its long-term resources. The secured redeemable non-convertible debentures for an issue size of Rs 2,000 crore will be open for bid on June 14 and closes...
Individual loan business continues to improve in Jan-Mar: HDFC
New Delhi: Mortgage lender HDFC Ltd on Saturday said the company's individual loan business continued to exhibit improvement in the January-March quarter 2021 and loans worth Rs 7,503 crore were assigned to its banking subsidiary. "The individual loan business continued to see strong improvements during the quarter ended Match 31,...
HDFC Bank invites start-ups to apply for SmartUp grants
Mumbai: HDFC Bank is inviting applications from start-ups and solo entrepreneurs for its SmartUp grants. SmartUp grants by HDFC Bank under #Parivartan – the bank’s umbrella CSR brand – is aimed at finding and deploying long-term, sustainable solutions at scale, to address social issues and contribute to the economic and...
HDFC to buy 19.9 pc stake in Renaissance Investment
New Delhi: HDFC Ltd on Wednesday entered into agreements for investment in Renaissance Investment Solutions ARC Private Limited, the company said in a regulatory filing. The investment would result in holding of 4,98,750 equity shares of Rs 10 each representing 19.95 per cent of Renaissance Investment Solutions ARC’s share capital...
HDFC Bank Q2 results: Profit rises 18% to Rs 7,513 cr
Mumbai: HDFC Bank NSE 2.57 % on Saturday reported an 18.4 per cent year-on-year rise in standalone net profit at Rs 7,513.10 crore for the September quarter. The private lender had reported a profit of Rs 6,344.99 crore in the year ago quarter. Analysts at an ET NOW poll had...
HDFC Bank’s Santhanam among Forbes’ ‘World’s Most Influential CMOs’
New Delhi: Ravi Santhanam, the Chief Marketing Officer (CMO) of HDFC Bank, has made it to the Forbes' list of 'World's Most Influential CMOs'. Santhanam ranks 39 in the list of 50 most influential CMOs. "Santhanam is a marketing leader who prioritises personalised and relevant customer experience and believes that...
HDFC disburses CLSS loans to over 2 lakh home buyers
Mumbai: In a regulatory filing on Sunday, the lender said that it approved over Rs 47,000 crore of home loans under CLSS to homebuyers belonging to the economically weaker section (EWS), low income group (LIG) and middle income groups (MIG). "Subsidy under PMAY amounting to over Rs 4,700 crore has...
Probe against HDFC Bank announced by US based law firm
Rosen Law Firm, a US-based global investor rights law firm, has announced that it is preparing a class action securities lawsuit on behalf of HDFC Bank shareholders and has asked those who have purchased their securities to join the securities action on their website. The firm said that an investigation...
HDFC raises Rs 10,000 crore via QIP
New Delhi: Housing Development Finance Corporation (HDFC) said that it has raised Rs 10,000 crore equity capital by issuing shares to qualified investors, including Government of Singapore and Invesco Oppenheimer Developing Markets Fund. Besides, the housing finance major has raised Rs 3,693 crore through an issue of non-convertible debentures (NCDs)....