
HDFC to raise ₹57,000 cr via NCDs; stock rises
In February this year, HDFC raised ₹25,000 crore through bonds, which is touted to be the country's largest-ever rupee bond issuance.
In February this year, HDFC raised ₹25,000 crore through bonds, which is touted to be the country's largest-ever rupee bond issuance.
The 3-year lock-in period for SBI expires today, while for other shareholders such as Axis Bank, ICICI Bank, IDFC First Bank, HDFC Bank, it will end on March 13.
USD-denominated senior unsecured notes rated 'Baa3' by Moody’s Rating Services and 'BBB-' by S&P. Proceeds will be utilised for banking activities, says HDFC Bank
Fitch expects the Indian banking sector's average NIM to slightly contract by about 10 basis points in FY24 to 3.45%.
HDFC Bank shares have gained 7.4% in the last six trading days, hitting a 9-month high of ₹1,702 intraday today.
The country’s largest private sector lender has reported double-digit growth in its net profit, driven by strong improvement in interest income as well as lower provisions.
The banking regulator had issued a framework for dealing with Domestic Systemically Important Banks (D-SIBs) in July 2014.
The merger of HDFC and HDFC Bank is expected to be completed by the second quarter of FY24.
abrdn Investment Management will sell its entire 10.21% stake in HDFC AMC, which would fetch around ₹4,700 crore to the U.K.-based firm.
HDFC Bank shares have fallen 14% over the last 12 months and underperformed the Bank Nifty by 15% during the period.