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Tuesday, March 31, 2020

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HDFC NEWS

HDFC shares rise over 3% following 296% jump in net profit

January 28, 2020 11:09 am

HDFC reported a 296 per cent rise in its standalone net profit at Rs 8,372 crore for the third quarter ended December 31, 2019, up from Rs 2,114 crore in the corresponding period year ago, aided by a value gain consequent to the merger of Gruh Finance, an associate, with Bandhan Bank.

HDFC Q3 net jumps 296% on Gruh Finance-Bandhan merger

January 28, 2020 4:21 am

According to HDFC, total individual loan approvals grew by 15 per cent and disbursements 13 per cent. The average size of individual loans stood at Rs 26.9 lakh.

HDFC to raise up to Rs 2,500 crore by issuing bonds

December 24, 2019 5:57 pm

The secured redeemable non-convertible debentures are to be allotted on a private placement basis on Friday for an issue size of Rs 2,500 crore, HDFC Ltd said in a regulatory filing on Tuesday.

HDFC Bank appoints committee to pick MD Aditya Puri’s successor

November 29, 2019 3:38 am

“The board of the bank has constituted a search committee to identify a successor to Aditya Puri, the current MD of the bank, whose tenure ends on October 26, 2020,” the bank said in a filing.

HDFC chairman proposes one-time recast of ‘certain real estate loans’

November 07, 2019 4:30 am

According to Parekh, if these restructured accounts are considered as standard assets for a period of say, 12 months, lenders will stop being so diffident.

HDFC cuts home loan rate by 10 bps

October 15, 2019 6:35 am

The new rate will be effective from October 15, an HDFC statement said.

Deepak Parekh: ‘Economic challenges are cyclical, not deep-rooted malaise’

October 11, 2019 12:15 am

“Is there an acknowledgment that the Indian economy has hit a soft patch? Are efforts being made to rectify the same? Can we do better? The answer is clearly “yes” for all these three questions,” he said.

After L&T chief, it’s HDFC chief Deepak Parekh: 'Slowdown is here'

August 03, 2019 7:19 pm

“One is hopeful that normalcy will be restored soon and by the time the festive season sets in, some of the risk averseness should taper off,” Parekh said at the Annual General Meeting of HDFC.

HDFC cuts lending rates by 10 bps for new, existing borrowers

August 01, 2019 4:27 am

For home loans up to Rs 30 lakh, the financier is offering 8.60 per cent now. For women borrowers, the new rate is 8.55 per cent, HDFC said in a statement.

HDFC to buy 51.2% stake in Apollo Munich Health Insurance for Rs 1,346.8 crore

June 20, 2019 3:54 am

Post-acquisition of the shares by HDFC, Apollo Munich will be merged with HDFC Ergo General Insurance Company.