3 Indian banks make it to top 50 by assets in Asia-Pacific region in 2023
In the list, State Bank of India is at the 20th position, HDFC Bank at 33 and ICICI Bank at 48th spot.
In the list, State Bank of India is at the 20th position, HDFC Bank at 33 and ICICI Bank at 48th spot.
HDFC Bank's ADR jumped by more than 6 per cent on Thursday after the private lender announced its business performance for the fourth quarter.
Highlighting the recent development, the Paymt said that the National Payments Corporation of India (NPCI) has granted approval to One97 Communications Limited (OCL) to participate in UPI as a Third-Party Application Provider (TPAP) under multi-bank model.
Deepak Jasani, Head of Retail Research, HDFC Securities said state-run Oil Marketing Companies (OMCs) announced a reduction in petrol and diesel prices by Rs 2 per litre across the country.N
Strong FII buying seen on Wednesday of around Rs 2,800 crore also supported the ongoing momentum.
The company's profit before tax for the quarter ended March 31, 2022 stood at Rs 4,622 crore compared to Rs 3,924 crore in the corresponding quarter of the previous year, representing a growth of 18 per cent
"...the weakness in HDFC twins after the merger announcements is due to sustained selling by FPIs and shorting by speculators exploiting the FPI positioning in the stocks,"
According to brokerage firm Edelweiss, HDFC Bank's net profit is expected to increase by 24 per cent to Rs 10,183 crore in January-March 2022 quarter.
In a major development, Housing loan firm Housing Development Finance Corporation on Monday approved the merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank.
HDFC Bank in a bulk message to customers said as per RBI guidelines on e-Mandate on cards, the bank will decline non-compliant recurring transaction.
