Business  /  Published 04.09.21

Exide Life in HDFC fold

HDFC Life Insurance on Friday said it would acquire a 100 per cent stake in Exide Life Insurance in a cash-and-stock deal that will consolidate its presence as the leading private player in life insur...
By A Staff Reporter in Calcutta

Business  /  Published 24.08.21

HDFC Bank to win back credit card market

The battle for credit cards is ready to break out again after the embargo on new card issuances by HDFC Bank was lifted last week. The private sector lender on Monday announced an aggressive plan to ...
By A Staff Reporter in Calcutta

Business  /  Published 19.08.21

HDFC Bank AT1 bonds priced low

HDFC Bank on Wednesday launched its $1 billion additional tier-I (AT1) bond issue and was able to close the pricing at a level substantially lower than the initial guidance, arrangers to the issue sai...
By PTI in Mumbai

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


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