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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

Business  /  Published 28.06.21

Mixed trend in credit card use

Consumers are not warming up to credit cards like before. In December, the central bank had barred HDFC Bank from issuing new cards because of various service outages. While HDFC Bank has been barre...
By Our Special Correspondent in Mumbai

Business  /  Published 16.06.21

HDFC Bank phone app glitch

The mobile banking app of HDFC Bank faced some “issues” on Tuesday following which the lender asked its customers not to use the net banking facility till the problem was resolved. The pro...
By Our Special Correspondent in Mumbai

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Business  /  Published 11.06.21

Board seal on Yes Bank cash course

Yes Bank on Thursday received board approval to raise up to Rs 10,000 crore by issuing debt securities. The board of directors at its meeting on Thursday considered and approved seeking shareholders&...
By Our Bureau in Mumbai

Business  /  Published 01.06.21

Carlyle cash for PNB Housing

The Carlyle group is leading a Rs 4,000-crore capital infusion in PNB Housing Finance Ltd along with other investors that include Aditya Puri, the former MD and CEO of HDFC Bank. Pluto Investments S....
By Our Special Correspondent in Mumbai

Business  /  Published 01.05.21

Structural change, role rejig at HDFC Bank

Seven months after Sashi Jagdishan took over as its chief executive and managing director, HDFC Bank on Friday announced wide-ranging organisational changes. The bank has been reorganised into three ...
By PTI in Mumbai

Business  /  Published 27.04.21

HDFC Life ups reserves

HDFC Life Insurance on Monday said that it has stepped up its reserves on account of Covid-related risks in 2021-22.  The life insurer, which had provided Rs 41 crore as on March 31, 2020 for po...
By A Staff Reporter in Calcutta

Business  /  Published 24.04.21

RBI lifts payout bar on banks

In a relief to shareholders, including the government, the Reserve Bank of India (RBI) has allowed commercial banks to pay dividends of up to 50 per cent of what they could do in pre-Covid years. In ...
By Our Special Correspondent in Mumbai


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