Hdfc Bank News

HDFC, HDFC Bank shares rise 10% on merger announcement

HDFC, HDFC Bank shares rise 10% on merger announcement

New Delhi: Mortgage lender HDFC on Monday announced that it will merge with private lender HDFC Bank. “The share exchange ratio for the amalgamation of the Corporation (HDFC Ltd) with and into HDFC Bank shall be 42 equity shares (credited as fully paid up) of the face value of Re

Srikanth Nadhamuni resigns as HDFC Bank’s non-executive director

Srikanth Nadhamuni resigns as HDFC Bank’s non-executive director

New Delhi: HDFC Bank on Friday said Srikanth Nadhamuni has resigned as a director from its board, citing potential future interests. Nadhamuni has tendered his resignation as non-executive (non-independent) director of HDFC Bank vide his resignation letter dated February 18, 2022, effective Friday, HDFC Bank said in a regulatory filing.

Delhi cyber police arrest 12, including 3 HDFC Bank employees in a fraud case

Delhi cyber police arrest 12, including 3 HDFC Bank employees in a fraud case

New Delhi: After the HDFC Bank detected certain suspicious transactions within its system on October 19 and reported the incident to the Delhi Cyber Crime Cell, 12 persons including three bank employees were arrested based on the complaint. “Our systems detected unauthorised and suspicious attempts to transact in certain accounts.

Sensex closes at a new lifetime high of 60,077, Nifty ends at record 17,855

Sensex closes at a new lifetime high of 60,077, Nifty ends at record 17,855

Equity benchmarks Sensex and Nifty inched marginally higher on Monday to end at fresh lifetime highs, led by gains in Reliance Industries, HDFC Bank and Maruti amid a largely positive trend in global markets. After touching its lifetime intra-day high of 60,412.32, the 30-share Sensex ended 29.41 points or 0.05

HDFC Bank expects SME business to grow fastest in next 3-5 years

HDFC Bank expects SME business to grow fastest in next 3-5 years

Mumbai: Country’s largest private sector lender, HDFC Bank, plans to leverage its distribution in non-urban markets and digital strengths in expanding its small and medium enterprise (SME) banking platform, its management told analysts. Sashidhar Jagdishan, HDFC Bank chief executive, in an analyst call organised by Brokerage firm Jefferies, said SME