Business Standard and Financial Express: HDFC Bank (NYSE: HDB) declined 2% on the NYSE after reporting Q1 earnings on Friday.
Highlights:
30% rise in net profit to Rs 239.30 crore in the first quarter ended June 30 compared with Rs 183.53 crore.
60% growth in total income to Rs 1,855 crore
Net interest income for the first quarter increased […]
Money Control: HDFC Bank (Nyse: HDB) launched a service that allows non-resident Indians (NRIs) to send remittances online through the Reserve Bank of India’s real-time gross settlement system (RTGS). Senior Vice President, Retail Banking, HDFC Bank, Shyamal Saxena said, “Through Quickremit, the bank’s NRI customers will be able to credit funds directly […]
Business Standard: This could well put a brake on the great Indian dream of buying a home. Reserve Bank of India (RBI) has classified home loan as an exposure to real estate sector in respect to banks giving the loan. With this it has put a cap on the frenzied growth of […]
TimesofIndia: HDFC bank (NYSE: HDB) the second largest player in home loan segment has increased the home loan rates by 1 % and its now @ 9%. Along with HDFC bank, ICICI bank (NYSE: IBN) one of the largest home finance player has also increased the home loan rates to 9.50 […]
With the recent slide in the BSE SENSEX you might want to look at the following stocks that seem to be on sale. The slide was bound to happen after a major uptrend that pushed the SENSEX to its highest point ever. There are no concerns of Indian economy softening anytime soon and therefore […]
domain-B: According to this article in domain-B, Citigroup is positioning itself to buyout HDFC and HDFC bank after 2009. According to the author, Rex Mathew, based on the current roadmap of RBI, acquisitions by foreign banks would be allowed after 2009.
The recent move by Citigroup to acquire a 9.27% stake in […]
Energy Headlines Tech Headlines
