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Business  /  Published 02.12.20

Reliance Capital defaults on loans

Reliance Capital, the Anil Ambani firm, has defaulted on interest payments on loans from HDFC and Axis Bank. In a regulatory filing to the stock exchanges on Monday, Reliance Capital said it could not...
By Our Special Correspondent in Mumbai

Business  /  Published 17.11.20

SBI Funds top gun joins rival

Navneet Munot has quit SBI Funds Management Pvt Ltd (SBIFMPL) to join HDFC Mutual Fund as its managing director and CEO. Munot, who was the chief investment officer (CI)) of SBI Funds, will succeed t...
By Our Special Correspondent in Mumbai

Business  /  Published 03.11.20

Aditya Puri to advise Carlyle

Aditya Puri, former HDFC Bank managing director, has joined The Carlyle Group as a senior adviser in Asia. The global investment firm said in an early morning statement that Puri will advise the Carl...
By Our Special Correspondent in Mumbai

Business  /  Published 03.11.20

HDFC beats profit estimates

HDFC on Monday reported better than expected numbers for the quarter ended September 30. The net profit of the mortgage lender came in at Rs 2,870.12 crore, down 27.55 per cent from Rs 3,961.53 c...
By Our Special Correspondent in Mumbai

Business  /  Published 28.10.20

Sashidhar Jagdishan takes charge of HDFC

Sashidhar Jagdishan on Tuesday took charge as the managing director & CEO of HDFC Bank. He takes over from Aditya Puri, who  retired from the country’s largest private sector bank on Mo...
By Our Special Correspondent in Mumbai

Business  /  Published 18.10.20

HDFC reports 18.4% growth in profits

HDFC Bank on Saturday beat Street estimates when it reported an 18.4 per cent growth in net profits for the September quarter. The country’s largest private sector bank posted a standalone net ...
By Our Special Correspondent in Mumbai

Business  /  Published 11.10.20

HDFC’s Keki Mistry sees Q3 rebound

Keki Mistry, CEO of mortgage lender HDFC Ltd, on Saturday said the “worst is behind us” and the economic recovery has been faster than expected.  Stating that the December quarter gr...
By PTI in New Delhi

Business  /  Published 18.09.20

HDFC Bank faces US class action law suit

A law firm in the US has filed a class action suit against HDFC Bank, claiming damages for the losses incurred by investors because of “materially false and misleading” representations mad...
By PTI in Mumbai

Business  /  Published 12.09.20

HDFC Bank ups card rates

HDFC Bank has raised the interest rates on the revolving balances on credit cards and late payment fees at a time default rates are rising because of Covid-19. The charges on revolving credit on cert...
By Our Special Correspondent in Mumbai

Business  /  Published 07.09.20

HDFC offers rate subsidy

HDFC on Sunday said it has approved home loans of over Rs 47,000 crore to more than 2 lakh buyers belonging to the economically weaker groups under the government’s credit-linked subsidy scheme ...
By Our Special Correspondent in Mumbai


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