HDFC Bank Ltd (HDFCBANK)

HDFC Bank Faces Regulatory Hurdles but Invests in Real Estate - 25 Apr, 2024

HDFC Bank faced regulatory hurdles such as suspension from onboarding new credit card customers and restrictions on digital launches, while also investing in real estate through its subsidiary HDFC Capital.

HDFC Bank Reports Strong Q4 Results and Credit Card Usage Rises - 24 Apr, 2024

HDFC Bank reports a surge in Q4FY24 net profit despite higher provisions and an increase in the use of its credit cards. Additionally, HDFC Capital Advisors has provided funding for a joint housing project platform.

Mixed Sentiments Surround HDFC Bank - 23 Apr, 2024

HDFC Bank is facing mixed sentiments as MUFG considers enhancing its $1.7 billion bid for the bank's consumer lending division while ICICI Securities recommends buying the stock. The bank reported in-line earnings but concerns remain regarding falling net interest margins. Shares have rebounded 12% from their 52-week low and are trading higher than some moving averages. BNP Paribas has a target price of Rs 2410, YES Securities has a target price of Rs 1850, and LKP Securities has assigned a price target of Rs 1756.

Mixed Day for HDFC Bank Shares Despite Bullish Brokerage Stances - 22 Apr, 2024

HDFC Bank reported a strong Q4 with improved deposit growth and margin management, but shares traded lower despite bullish recommendations from multiple brokerages. Motilal Oswal recommends buying with a target price of Rs 1,950.

HDFC Bank Faces Profitability Challenges Amidst Growth - 21 Apr, 2024

HDFC Bank reports lower-than-expected Q4 growth in net profit due to higher provisions. The bank focuses on profitability over growth amidst challenges of higher credit-to-deposit profile and lower core income. HDFC Bank also announces an ex-gratia payment of Rs 1,500 crore to its staff. Additionally, HDFC Bank's non-banking arm HDB Financial explores options for listing, including stake sale; Japan's MUFG may acquire a 20% stake for $2 billion.

HDFC Bank Reports Strong Q4 Results and Plans Fundraising - 20 Apr, 2024

HDFC Bank reports a strong Q4 FY24 with a net profit of Rs 16,511.85 crore, an increase in total income, and approval for fundraising of Rs 60,000 crore. The bank also announced a special dividend of Rs 19.5 per equity share.

HDFC Bank Expected to Report Strong Q4 Results Despite Low Loan Growth - 19 Apr, 2024

HDFC Bank is expected to report strong Q4 results with decent growth in net profit led by treasury income and stake sale in HDFC Credila. However, the bank may have to contend with low single-digit revenue growth due to focus on mobilising deposits rather than aggressively going after loan growth. Shares rose over 2.5% ahead of earnings announcement. Analysts are closely monitoring asset quality.

HDFC Bank Shares Rise Ahead of Quarterly Results Announcement - 18 Apr, 2024

HDFC Bank's board is set to convene on April 20th to approve the financial results for the quarter ending March 2024. Technical analysts have positioned the stock positively, while CLSA has maintained an outperform rating with a target price of Rs 1650. The bank also plans to renew its issuance of long-term bonds through private placement mode.

HDFC Bank Board May Renew Issuance of Bonds - 17 Apr, 2024

HDFC Bank has revised its NEFT transaction charges while the bank's board is set to consider renewing the issuance of long-term bonds and capital bonds.

Jefferies Retains Buy Rating on HDFC Bank; Target Price at Rs 1,800 - 16 Apr, 2024

Jefferies has maintained its buy rating on HDFC Bank with a target price of Rs 1,800 per share, indicating an upside of 20%. The bank's Q4 FY24 financial results are expected to be released on April 20. Foreign investors have trimmed their stake in HDFC Bank during the Jan-Mar quarter.

HDFC Bank Faces Pressure Ahead of Quarterly Earnings Announcement - 15 Apr, 2024

HDFC Bank faces pressure as MSCI doubles its weight in indices, analysts predict strong Q4 FY24 performance, while some schemes experience delays in liquidating portfolios.

HDFC Bank Set to Announce Q4FY24 Results Next Week - 14 Apr, 2024

HDFC Bank is set to release its Q4FY24 results next week, with an increase in Net Interest Income (NII) and net profits reported during the previous quarter.

MUFG in Talks to Buy Stake in HDFC Subsidiary; HDFC Bank Opens Branch in Lakshadweep - 13 Apr, 2024

Mitsubishi UFJ Financial Group is in advanced negotiations to acquire a 20% stake in HDFC Bank's non-banking subsidiary, HDB Financial Services, while HDFC Bank has opened a new branch in Lakshadweep. The proposed deal will be worth $2 billion and unlock value for HDFC Bank. The establishment of the branch signifies HDFC Bank's readiness to cater to the financial requirements of individuals, families, and businesses in Lakshadweep.

HDFC Bank Faces Major Investment Interest from Japanese Banks - 12 Apr, 2024

Japanese banks Mitsubishi UFJ and Bank of Tokyo-Mitsubishi UFJ are in talks to acquire stakes in HDFC Bank's subsidiaries, including HDB Financial Services, at valuations ranging from $1.7bn to $10bn. The deals come amid rising demand for personal finance loans in India.

HDFC Bank Reports Robust Deposit Growth Despite Stock Fall - 11 Apr, 2024

HDFC Bank reports strong Q4FY24 deposit growth and a balanced approach in managing assets and liabilities. Analysts maintain positive outlook with an unchanged price target of Rs. 1,900. The bank opens its first private sector branch in Lakshadweep.

HDFC Bank's Interest Rates Increase Following Merger; Reports Q4 Results Soon - 10 Apr, 2024

HDFC Bank increased its home loan interest rates and will report Q4 FY23-24 results soon. Experts recommend HDFC Bank as the top pick in the large-cap banking space due to reasonable valuations and early signs of synergies from the merger with HDFC. The bank also opened a new branch in Lakshadweep and offered higher interest rates on its Senior Citizen Care FD.

HDFC Bank: Education Loan Market Upbeat with HDFC Credila Deal - 09 Apr, 2024

HDFC Bank sells 90% stake in HDFC Credila. Private equity funds optimistic about education-loan market. HDFC Credila raises $100m via external commercial borrowing. Price targets suggest 10-25% upside potential for private lenders. Credit and deposit growth in FY24 impacted by HDFC and HDFC Bank merger.

HDFC Bank Sees Positive Momentum Amidst Interest Rate Cut Expectations - 08 Apr, 2024

HDFC Bank is seeing positive momentum amidst expectations of an interest rate cut by the RBI. Sharekhan recommends a BUY call with a target price of Rs. 1,900 per stock. The bank's strong deposit growth in Q4FY24 has helped it climb above key technical levels. Analysts expect steady net interest margin (NIM) and strong asset quality.

HDFC Bank Could See Inflows of $4.8 Billion - 07 Apr, 2024

Foreign investment in HDFC Bank has fallen just 5 basis points short of the threshold set by MSCI to fully include the stock in its indices, which could result in inflows of $4.8 billion into the bank.

HDFC Bank Shares Rise 6% in a Week on Better-Than-Expected Q4FY24 Update - 06 Apr, 2024

HDFC Bank shares saw strong buying interest, rising 6% in one week after the private lender reported better-than-expected Q4FY24 business update. Experts predict strong upside movement if resistance at ₹1,730 is breached.