hdfc News

HDFC cuts home loan rate by 10 bps

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

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

“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'

“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

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

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

HDFC AMC shares tank nearly 7 per cent

In a BSE filing, HDFC AMC said it has decided to provide a liquidity arrangement to certain fixed maturity plan schemes of HDFC MF to deal with the illiquidity faced by such FMP schemes due to their exposure to NCDs issued by Essel Group firms.


HDFC profit rises 27% in Q4

The board has proposed a final dividend of Rs 17.50 per share and the proposed final dividend is in addition to the interim dividend of Rs 3.50 per share declared by the board earlier in the year, taking the total dividend to Rs 21 as against Rs 20 per share for the previous year.

HDFC net profit declines 60 per cent YoY to Rs 2,114 crore

The company had sold shares in the initial public offer of HDFC Life Insurance Company for a consideration of Rs 5,250 crore in the quarter ended December 2017.

Mortgage firm Gruh Finance to merge with Bandhan Bank

The share exchange ratio agreed by both boards is 568 equity shares of face value of Rs 10 each of Bandhan Bank to be issued for every 1,000 equity shares of Rs 2 face value each of Gruh.

HDFC group overtakes Tatas in market capitalisation

At Wednesday’s close, the market capitalisation of HDFC group stood at Rs 10.40 lakh crore, which is Rs 1,185 crore more than that of Tata Group, according to Bloomberg data.