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Business  /  Published 25.08.20

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 19.08.20

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 18.08.20

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 12.08.20

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 11.08.20

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

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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

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


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