Thursday, 7 July, 2022
TopicHDFC

Topic: HDFC

HDFC-HDFC Bank move, a financial mega-merger that’s all in the family

The two HDFC elephants must be careful — not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.

Mortgage financier HDFC Limited all set to merge with HDFC Bank, shares soar

Once the deal is effective, HDFC Bank will be 100% owned by public shareholders and existing shareholders of HDFC will own 41% of the bank, according to a filing Monday.

HDFC Ltd to merge with HDFC Bank

New Delhi: The country's largest housing finance company HDFC Ltd will merge with the country's largest private sector lender HDFC Bank, according to a...

Indian banks ‘unprepared’ for climate-related risks, RBI must take action, new report says

None of the 34 banks Climate Risk Horizons analysed have assessed the resilience of their portfolios in the face of climate change. Only 2 have committed to stop funding new coal power plants.

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.

On Camera

YourTurn

Mahendra Singh Dhoni sporting an Army insignia on his glove during the India-South Africa

MS Dhoni is the rainbow of Indian cricket, a cult figure who inspires youth across nation

Mahendra Singh Dhoni’s honest self-assessment always put the interests of Indian cricket ahead of any desire to build a ‘legacy’ for himself.
Illustration by Soham Sen

Keep calm and carry on: Unlike wheat, rice isn’t hot yet

The world is worried that India might restrict exports of rice after wheat, pushing prices higher and worsening global food security.

Defence

Nepali Gorkhas to be recruited in Indian Army through Agnipath scheme, here is how

Similar to terms for Indian soldiers, the Nepalis would be inducted for 4 years, after which only 25 per cent would be retained.

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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