
TCS most valuable Indian brand; HDFC Bank, Infosys in top 3
Overall value of the most valuable Indian brands is down 4% on 2022 levels, though a relatively small dip compared global brands, says Kantar BrandZ Top 75 report
Overall value of the most valuable Indian brands is down 4% on 2022 levels, though a relatively small dip compared global brands, says Kantar BrandZ Top 75 report
Nomura says the net interest margin of the bank could see “pressure” over the next two-three quarters; JM Financials, ICICI Securities recommend ‘buy’ rating
Jagdishan’s re-appointment as MD & CEO of India’s largest private bank is for three years starting October 27, 2023
Basic salary of HDFC Bank CEO stood at ₹2.8 crore for FY23, while allowances and perquisites amounted to ₹3.31 crore; his remuneration for FY22 was ₹6.51 cr
Shares of HDFC were delisted from stock exchanges today, ending its 4-decade long journey on bourses, and started trading under HDFC Bank ticker.
Bank reports bumper profits as single-minded focus on customer acquisition pays off.
The merged entity’s gross advances grew 13.1% YoY to ₹22.45 lakh crore, while deposits rose 16.2% YoY to ₹20.63 lakh crore.
Snapping five sessions gaining streak, shares of HDFC and HDFC Bank fell over 3% each as investors resorted to profit booking after recent rally.
In the Nifty 100 index, HDFC will be replaced by Jindal Steel, and by Mankind Pharma in Nifty 500 index.
The HDFC twins have been rising for the last four sessions and gained up to 7.5% each during the same period.