Monday, 17 January, 2022

Topic: HDFC

Sensex hits 60,000-mark for first time, Nifty crosses 17,900

It took over 31 years for Sensex to traverse from 1,000 points to the historic 60,000 level. The benchmark was at 1,000 points back in 1990 and it touched the 30,000 mark in 2015.

HDFC to double retail loans as consumer demand picks, Covid uncertainty declines

HDFC's retail loans grew around 9.3 per cent slower than its overall book's 14.4% in the June quarter, much lower than SBI (16.5%) & ICICI (20%) growth in that portfolio.

HDFC Life to acquire rival Exide Life Insurance in Rs 6,687-crore deal

HDFC Life will acquire 100% stake in Exide Life Insurance, which has a strong foothold in South India, especially in tier 2 and 3 towns.

HDFC can now issue new credit cards as RBI eases ban after 8 months

Once India’s top credit card issuer, HDFC was penalised for repeated technical glitches, RBI ban on launching digital products remains.

HDFC Bank plans to ride on India’s sizzling market rally and do more equity deals

Despite being India’s most valuable lender, HDFC Bank so far hasn’t been able to exploit its strong balance sheet to make inroads into this competitive market.

RBI imposes Rs 10 crore penalty on HDFC bank over irregularities in auto loan portfolio

RBI made it clear that the action is not intended to pronounce upon the validity of any transaction or agreement entered into by HDFC Bank with its customers.

HDFC Ltd expects to remain an NBFC, not become a bank despite RBI proposal

HDFC CEO Keki Mistry says he is confident that bounce back in demand for home loans would continue, following the strong revival seen in the last four months.

Public confidence needs to be maintained, says RBI on curbing HDFC Bank’s digital expansion

RBI restricted HDFC Bank from launching new digital banking activities and issuing credit cards. Governor Das says IWG proposal on corporates in banking independent of RBI.

Why RBI has restricted HDFC bank from launching new digital facilities, issuing credit cards

RBI issues order to HDFC Bank to temporarily stop all launches of digital business-generating activities and other proposed IT applications.

RBI orders HDFC Bank to temporarily suspend launch of new digital products

The RBI order was issued after outages in the bank's internet banking and payment system. It also directed the HDFC Bank board to examine the lapses and fix accountability.

On Camera


Priyanka Gandhi Vadra of Congress, a forerunner of women's question in India | PTI

Be it Congress, BJP, AAP—women’s question in India is a partisan issue. And that’s not so bad

India's woman question tests party imagination. Congress's focus on Nirbhaya, Unnao rape victim, and BJP's Uniform Civil Code show how.
President Xi Jingping addressing a meeting

Nations must secure global supply chains, prevent inflation shocks: Xi Jinping at WEF

In his 3rd address to World Economic Forum, Chinese President Xi Jinping said 'we need to resolve various risks and promote the steady recovery of the world economy'.


HAL likely to be in fray for Navy’s NUHs after defence ministry junks Coast Guard chopper deal

Last week, the Defence Acquisition Council scrapped the Coast Guard programme to buy 14 twin-engine helicopters under Buy Global category. Other projects under review now.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.