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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 01.08.20

Go-ahead to mega HDFC fund-raiser

Shareholders of HDFC have approved a plan to raise up to Rs 1.25 lakh crore by issuing debentures or other hybrid instruments on a private placement basis. The clearance was received at the company&rs...
By Our Special Correspondent in Mumbai

Business  /  Published 31.07.20

HDFC: profit dips 4.7 per cent

HDFC on Thursday reported a 4.7 per cent fall in standalone net profit for the June quarter as demand for loans was affected by the Covid-19 pandemic.  The corporation posted a net profit of Rs ...
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

Business  /  Published 27.07.20

Savings: move to bank deposits

Household savings are on the rise during the pandemic as discretionary spending wears out with a shift towards bank deposits, small savings and mutual funds, analysts said. This trend is already visi...
By Our Special Correspondent in Mumbai

Business  /  Published 24.07.20

Sensex tumbles over 300 points

Equity benchmark Sensex plunged over 300 pts in early trade on Friday tracking losses in financial stocks amid global equity selloff. The 30-share BSE Sensex was trading 307.31 points, or 0.81 per ce...
By PTI in Mumbai

Business  /  Published 23.07.20

Sensex ends 269 points higher

Equity benchmark Sensex jumped 269 points on Thursday, led by gains in index heavyweight Reliance Industries, ICICI Bank and Kotak Bank amid hopes of fresh government stimulus to support the economy. ...
By PTI in Mumbai

Business  /  Published 21.07.20

Banks: fall in fee income

Banks may be staring at falling fee-based income in the June quarter as the Covid-19 pandemic has affected new loan applications and the sale of third-party products. Fee income occupies a major chun...
By Our Special Correspondent in Mumbai

Business  /  Published 20.07.20

Sensex jumps over 200 points

Equity benchmarks Sensex and Nifty started on a positive note on Monday, driven by gains in financial and IT shares. The BSE Sensex jumped 238.75 points or 0.64 per cent to trade at 37,258.89; and th...
By PTI in Mumbai


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