Top 8 firms add over ₹4 lakh crore in market cap, HDFC Bank, ICICI Bank lead gains
In a week, the market valuation of eight of the top 10 most valued firms surged by ₹4,13,003.23 crore, with HDFC Bank and ICICI Bank emerging as the biggest gainers.
In a week, the market valuation of eight of the top 10 most valued firms surged by ₹4,13,003.23 crore, with HDFC Bank and ICICI Bank emerging as the biggest gainers.
HDFC Bank took the biggest hit as its valuation tumbled Rs 56,124.48 crore to Rs 12,01,267.28 crore.
In a significant development, HDFC Bank's part-time chairman and independent director Atanu Chakraborty has resigned from his position citing concerns over “certain happenings and practices” at the bank.
HDFC Bank Managing Director and CEO Sashidhar Jagdishan has approached the Supreme Court seeking quashing of a criminal FIR filed against him by the Lilavati Kirtilal Mehta Medical Trust, which manages Mumbai’s prominent Lilavati Hospital.
Reliance Industries and HDFC Bank remained with maximum gain, in line with an optimistic trend in equities.
HDFC Bank’s deposit growth for the second quarter of the financial year (Q2 FY25) has outpaced its credit growth on a sequential basis.
Global brokerage firm BofA downgraded the stock of HDFC Bank to 'neutral' from 'buy’ resulting in the decline of bank’s shares nearly a percent to Rs 1,622 a piece on Wednesday.
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.
