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Business  /  Published 11.04.19

Fixed maturity plans slide

The failure of some mutual funds to redeem their fixed maturity plans (FMPs) has severely dented their status as alternatives to fixed deposits. Two major fund houses — HDFC Asset Management and Kot...
By Our Special Correspondent in Mumbai

Business  /  Published 30.03.19

Public offers disappoint

The benchmark index may be a few hundred points away from its record high, but there is disappointing news coming from the public equity markets as 2018-19 draws to a close.According to Prime Database...
By Our Special Correspondent in Mumbai

Business  /  Published 14.03.19

Mixed impact of RBI currency swap move

RBI’s move to infuse liquidity through a dollar rupee swap action had its impact on the markets with financial stocks gaining even as government security prices witnessed some softness on apprehensi...
By Our Special Correspondent in Mumbai

Business  /  Published 13.03.19

HDFC Bank crosses milestone

HDFC Bank, the country’s most valuable lender, on Wednesday achieved a key milestone on the bourses — when the market capitalisation of its share crossed the Rs 6 trillion (lakh crore) mark.The pr...
By Our Special Correspondent in Mumbai

Business  /  Published 19.01.19

HDFC Bank net up 20%

HDFC Bank on Saturday met Street estimates, posting a 20.3 per cent growth in net profit for the December quarter. The country’s second-largest private bank clocked a net profit of Rs 5,585.85 crore...
By Our Special Correspondent in Mumbai

Business  /  Published 07.01.19

Bandhan Bank buys Gruh Finance

Bandhan Bank is acquiring Gruh Finance through a share-swap deal that will see the promoter stake in the Calcutta-based lender falling to 61 per cent. An exchange ratio of 568 shares of Bandhan Bank f...
By Our Special Correspondent in Mumbai

Business  /  Published 28.11.18

SBI select deposits gain

The State Bank of India on Wednesday hiked its fixed deposit rates by up to 10 basis points on select maturities, following its private sector rivals HDFC Bank and ICICI Bank, who had revised their ra...
By Our Special Correspondent in Mumbai

Business  /  Published 06.11.18

HDFC Bank raises deposit rates

Signalling tightening of rates, HDFC Bank on Tuesday raised interest rates on deposits by up to 0.5 per cent for various tenors, while state-run Bank of Baroda hiked lending rates by 0.1 per cent. In ...
By PTI in New Delhi

Business  /  Published 01.11.18

HDFC net profit up, helped by stake sale

HDFC on Thursday reported a 25 per cent rise in net profit for the September quarter with its bottomline boosted by the part sale of its stake in its mutual fund arm even as robust loan demand fuelled...
By Our Special Correspondent in Mumbai

Business  /  Published 01.11.18

HDFC Bank top wealth creator

HDFC Bank has pipped TCS to be the top wealth creator at a time many of its financial sector peers have become wealth destroyers on account of bad loans. Accoding to the “Motilal Oswal 23rd Annual...
By Our Special Correspondent in Mumbai


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