Business  /  Published 18.08.21

Card curbs on HDFC lifted

Eight months after barring HDFC Bank from selling new credit cards, the RBI has lifted the ban, banking sources said on Tuesday. However, the ban on launching new technology initiatives remains, the s...
By PTI in Mumbai

Business  /  Published 17.08.21

HDFC Bank to float AT1 dollar bonds

HDFC Bank on Monday said the bank plans to raise capital by additional tier- I (AT1) bonds in the overseas market to fund its business growth. The bank is expected to raise up to $1 billion from thes...
By PTI in New Delhi

Business  /  Published 04.08.21

Nifty crosses 16000 mark

Indian shares ended higher on Tuesday, with the blue-chip Nifty index surpassing the 16000 level for the first time, as investors bet on a faster recovery in Asia’s third-largest economy followi...
By Reuters in Bangalore

Business  /  Published 03.08.21

Marginal dip in HDFC June quarter profit

HDFC on Monday reported a marginal fall in its net profit for the quarter ended June 2021 because of one-off items. The mortgage lender posted a standalone net profit of Rs 3,000.67 crore compared wit...
By Our Special Correspondent in Mumbai

Business  /  Published 26.07.21

ICICI: the boss forfeits salary

Sandeep Bakhshi, the managing director and CEO of ICICI Bank, did not take his salary in Covid-hit 2020-21, the annual report of the private sector lender showed. Bakhshi is perhaps the only instance...
By Our Bureau in Mumbai


Business  /  Published 21.07.21

Parekh sees patchy economic recovery

HDFC chairman Deepak Parekh on Tuesday  said the effect of the second wave of the Covid pandemic on the Indian economy will be similar to the trend seen in the previous fiscal when the first half...
By Our Special Correspondent in Mumbai

Business  /  Published 21.07.21

Stocks continue to wilt

Stocks closed lower on Tuesday, led by losses in banking and metal stocks amid a selloff in the global markets sparked by a surge in the Delta variant of the coronavirus. The BSE Sensex closed down 0....
By Our Special Correspondent in Mumbai

Business  /  Published 20.07.21

HCL Technologies net rises 9.9%

IT firm HCL Technologies on Monday posted a 9.9 per cent rise in consolidated net profit at Rs 3,214 crore for the June 2021 quarter, and said it expected double-digit growth in constant currency reve...
By Our Bureau in Calcutta, New Delhi

Business  /  Published 20.07.21

Fresh wave stokes fear

Benchmark indices on Monday ended deep in the red as a renewed surge in Covid cases and disappointing numbers from HDFC Bank weighed on investor sentiment. The Sensex plunged 587 points and the Nifty...
By Our Special Correspondent in Mumbai

Business  /  Published 18.07.21

HDFC Bank falls short of estimates

HDFC Bank, the country’s largest private sector lender, on Saturday missed estimates for the quarter ended June 2021 because of a spike in provisions. Net profits came in at Rs 7,729.6 crore, a ...
By Our Special Correspondent in Mumbai


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