HDFC Bank Ltd

(HDFCBANK)

HDFC Bank Updates Credit Card Reward Policies - 12 Oct, 2024

HDFC Bank has revised the eligibility criteria for its super premium credit cards and implemented a cap on reward points for utility and telecom transactions.

HDFC Bank Contributes to Market Sell-Off - 10 Oct, 2024

HDFC Bank has been a significant contributor to the recent market sell-off, alongside Reliance Industries, indicating potential investor concerns.

HDFC Bank Faces Challenges Amid Strategic Moves - 09 Oct, 2024

HDFC Bank navigates regulatory challenges with the sale of HDFC Edu, while CLSA maintains a cautious 'Hold' rating due to high loan-deposit ratios and market pressures. The bank's forecasts indicate a cautious outlook on interest rates and yields.

HDFC Bank Faces Stock Decline Amid Divestment - 08 Oct, 2024

HDFC Bank's stock has dropped for six straight days, losing over ₹1 lakh crore in market cap. The bank plans to divest its education subsidiary for ₹192 crore amid operational challenges.

HDFC Bank Faces Challenges Amid Growth and Divestment - 07 Oct, 2024

HDFC Bank reported strong deposit growth but faced downtime in banking services and a significant drop in share price. The bank also raised MCLR and approved a divestment of HDFC Education, mandated by RBI.

HDFC Bank Shares Decline Amid Market Pressure - 06 Oct, 2024

HDFC Bank's stock has experienced a 5.4% decline over the week, resulting in a significant drop in market capitalization by Rs 72,919.6 crore.

HDFC Bank Anticipates Significant Foreign Inflows - 05 Oct, 2024

HDFC Bank is poised for $1.8 billion in foreign inflows following MSCI weight adjustments. The bank also reported a 15% growth in deposits for Q2.

HDFC Bank Sees Growth Amid MSCI Inflows and Deposits - 04 Oct, 2024

HDFC Bank reported a 1.3% rise in gross advances and a significant 15.1% increase in deposits for the September quarter. Anticipated MSCI inflows of $1.8 billion and block deals by Morgan Stanley and Citigroup further highlight investor interest, despite recent share price declines.

HDFC Bank Shares Decline Amid Major Transactions - 03 Oct, 2024

On October 3, 2024, HDFC Bank updated its loyalty program for credit cards. Later, Morgan Stanley and Citigroup purchased shares worth ₹755 crore, causing the stock to close down 2.55%. The bank's board meeting is scheduled for October 19.

HDFC Bank Shares Surge Post Fed Rate Cut - 02 Oct, 2024

Following the Federal Reserve's rate cut, HDFC Bank shares rose nearly 7% in recent sessions. BNP Paribas maintains an OUTPERFORM rating, projecting a target price of Rs 2,550, citing positive margin expansion prospects.

HDFC Bank Maintains Compliance Amid Market Decline - 01 Oct, 2024

HDFC Bank reassures compliance with regulations while the broader market faces a decline in market capitalization, particularly affecting small and mid-cap stocks.

HDFC Bank Faces Market Cap Loss Amid Decline - 30 Sep, 2024

HDFC Bank experienced a significant market cap loss of ₹17,114 crore due to a 1.28% drop in stock price, reflecting broader market concerns.

HDFC Bank Launches Giga for Freelancers - 28 Sep, 2024

HDFC Bank has launched Giga, a digital-first program aimed at freelancers, offering specialized financial services including savings accounts, debit and credit cards, health insurance, and investment options.

HDFC Bank Sells Loans, Analysts Adjust Ratings - 27 Sep, 2024

HDFC Bank has strategically sold a significant housing loan portfolio and car loans to enhance its credit-deposit ratio. Analysts maintain positive ratings, with target prices adjusted upwards. The bank is also set to become the largest employer in banking, despite reporting credit losses in its loan book.

HDFC Bank Faces Loan Growth Challenges, Target Set - 26 Sep, 2024

HDFC Bank is under pressure to reduce its loan-to-deposit ratio, with Macquarie projecting loan growth below 10%. The brokerage maintains an outperform rating, setting a target price of Rs 1,900. Concerns over higher tax outgo may impact profits, while the bank's efforts to lighten its credit load continue amid regulatory pressures.

HDFC Bank Shares Surge on HSBC Upgrade - 25 Sep, 2024

HDFC Bank's stock rose after HSBC upgraded its target price to Rs 2,010, citing plans to sell Rs 60,000-70,000 crore in loans to improve liquidity and reduce the credit-deposit ratio. UBS also acquired shares worth Rs 543 crore, indicating strong institutional interest.

HDFC Bank Plans Asset Sales Amid Court Ruling - 24 Sep, 2024

HDFC Bank is set to sell Rs 60,000-70,000 crore in loan assets to enhance liquidity. The stock has shown consistent gains, despite a court ruling against a complaint by Lilavati Hospital's trustee.

HDFC Bank Announces IPO Plans, Shares Rise - 23 Sep, 2024

HDFC Bank's board approved an IPO for HDB Financial Services, aiming to raise Rs 2,500 crore. The bank's shares rose 0.86%, contributing to record highs in market indices.

HDFC Bank Reports Strong Q1 FY25 Earnings Growth - 21 Sep, 2024

HDFC Bank reported a significant 35.33% increase in net profit to Rs 16,174.75 crore for Q1 FY25, driven by a 44.77% rise in total income.

HDFC Bank's Subsidiary Plans IPO, Shares Rise - 20 Sep, 2024

HDFC Bank's shares rose nearly 2% following news of its subsidiary, HDB Financial Services, planning to raise Rs 2,500 crore through an IPO. The bank reported a slight profit decrease for Q1 FY25 but remains optimistic with significant loan sales planned.