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Business  /  Published 17.10.20

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 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 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 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 05.08.20

HDFC Bank gets new chief

Sashidhar Jagdishan has been named the successor to Aditya Puri at HDFC Bank. Jagdishan, 55, will take charge on October 27 — a day after Puri retires as the  managing director and chief e...
By Our Special Correspondent in Mumbai

Business  /  Published 28.07.20

RBI silent on plea not to extend loan moratorium

RBI governor Shaktikanta Das on Monday said the central bank has taken no decision on the extension of the loan moratorium beyond August 31. Das was responding to a plea made by HDFC group chairman D...
By Our Special Correspondent in Mumbai

Business  /  Published 27.07.20

HDFC Bank chief sells shares

HDFC Bank managing director Aditya Puri has sold a significant part of his stake in the private sector bank for almost Rs 843 crore at current market prices. Puri, who was the highest paid banker in ...
By Our Special Correspondent in Mumbai


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