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Business  /  Published 17.09.20

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 11.09.20

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 06.09.20

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

Business  /  Published 04.09.20

HDFC to raise up to Rs 5000cr by selling bonds

KfW IPEX-Bank, part of German development finance bank KfW, has offered a loan of 10 million euros to Srei Equipment Finance, a wholly owned subsidiary of Srei Infrastructure Finance. The financing is...
By Our Bureau in Calcutta

Business  /  Published 24.08.20

HDFC Bank sees Oct recovery

Sashidhar Jagdishan, who is due to take over as the new CEO of HDFC Bank, expects the economy to return to normal by October and believes that the scale of bad loans at the bank will be far less that ...
By Our Special Correspondent in Mumbai

Business  /  Published 18.08.20

China central bank ups stakes in Indian firms

The People's Bank of China (PBOC) — the Chinese central bank — is using the portfolio route to pick up stakes in Indian companies amid the standoff between New Delhi and Beijing in Lad...
By Our Bureau in Mumbai

Business  /  Published 17.08.20

HDFC Bank faces US lawsuit

US-based Rosen Law Firm on Monday said it planned to investigate potential securities claims against HDFC Bank following allegations of sharing “materially misleading business information”...
By Our Special Correspondent in Mumbai

Business  /  Published 11.08.20

HDFC, Axis achieve fund-raising goals

The country’s largest pure play mortgage lender HDFC on Tuesday said it has raised close to Rs 14,000 crore by issuing shares to qualified institutional investors and through non-convertible deb...
By Our Special Correspondent in Mumbai

Business  /  Published 10.08.20

ICICI kicks off QIP issue to mobilise Rs 15,000cr

InterGlobe Aviation’s board has approved a plan to raise up to Rs 4,000 crore through a qualified institutional placement of shares, subject to the approval of the company’s shareholders a...
By Our Special Correspondent in Mumbai

Business  /  Published 06.08.20

Mortgage lender HDFC to raise Rs 23,000cr

HDFC, the country’s largest housing finance company, is raising Rs 23,000 crore through a qualified institutional placement (QIP) of equity shares and warrants and non-convertible debenture...
By Our Special Correspondent in Mumbai


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