Following market regulator Sebi's decision to allow the bank to open fresh demat accounts, HDFC Bank on Friday said it has also received approval from the Reserve Bank for setting up additional branches and ATMs.
The country's second largest private sector lender HDFC Bank on Monday slashed benchmark lending rate by 25 basis points to 15.75 per cent.
The minimum amount of recharge is Rs 10 and the maximum is Rs 250.
HDFC Bank on Thursday said network outages that led to a regulatory ban on new credit card sales were not due to transaction volumes, and affirmed that it continues to stay in touch with the RBI for restarting the services but giving a timeline for it will be difficult. The bank said it is on its way to creating a new technology architecture for the future as part of the "digital factory" and "enterprise factory" initiative. But, it conceded that outages will continue under the older system though it will be working to minimise the time taken to bring the service back. In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services, because of a series of network outages.
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
HDFC Bank customers will be able to do 11 transactions on their Apple device using the `watchbanking' service.
The board has approved the share swap ratio of one share of Rs 10 each of HDFC Bank for every 29 shares of Re 1 each held in Centurion Bank of Punjab, HDFC Bank said in a filing to the Bombay Stock Exchange.
The bank introduces project 'Khoj' to re-hire 3,000 ex-workers over 18 months.
"At best, the two can be called as Indian-controlled banks," DIPP secretary R P Singh said when asked about the government's stand in the wake of the two seeking clarifications on the matter.
Mcap of top 6 most valued firms drops nearly Rs 65k cr; Airtel biggest laggard
Also more domestic borrowers are expected to access overseas markets for their funding needs as the rupee funds are still a costly affair.
At end of week, Infosys had a market valuation of Rs 2,69,489 cr, or Rs 432.68 cr more than HDFC Bank's Rs 2,69,056 cr
This series of smartphones will be available for purchase from July 9 through Amazon, Flipkart and Oppo India's online store. Buyers can choose from three eye-catching finishes, Starry White, Stellar Purple and Twilight Violet.
Indian benchmark indices Sensex and Nifty ended a four-day rally, closing lower on Tuesday following the introduction of a new Closing Auction Session (CAS) for F&O stocks, which has added a layer of volatility and led to an early adjustment in market structure.
HDFC Bank on Friday ruled out acquisitions or mergers at present but said it hopes to grow by 25-30 per cent in the next two-three years.
Eight of India's top-10 most valued firms saw their combined market valuation increase by Rs 1,87,497.45 crore last week, with Bharti Airtel emerging as the largest gainer, reflecting a positive trend in the equities market.
Indian benchmark equity indices, Sensex and Nifty, surged over 1 per cent, driven by a significant correction in crude oil prices and a global market rally, fueled by improving sentiment surrounding potential US-Iran negotiations.
RBI deputy governor, K C Chakrabarty had also said that there was no money laundering involved as alleged by the Cobrapost.
The veteran banker has been instrumental in building the bank from scratch and turning it into the largest private sector lender of the country.
HDFC Bank's shares fell by 3.46 per cent to close the day at Rs 659 on the BSE. In intra-day session, the scrip lost 4 per cent to Rs 655.10.
Former HDFC Bank CEO Aditya Puri will be guiding global Carlyle on investment opportunities across Asia as a senior advisor, the global private equity major said on Monday.
Finance Minister Nirmala Sitharaman stated in the Lok Sabha that the Insolvency and Bankruptcy Code (IBC) has been a crucial factor in improving the health of India's banking sector, significantly aiding in the recovery of non-performing assets (NPAs).
Indian benchmark indices Sensex and Nifty traded lower amid volatile trends, influenced by escalating geopolitical uncertainties in West Asia and fresh outflows from Foreign Institutional Investors (FIIs).
Nearly 50 per cent of the stocks that comprise the Nifty 50 are trading below their respective 200-DMAs.
LIC is the only brand in the Brand Finance India 100 2026 report that has a top five rank in both brand value and brand strength.
A day after the Reserve Bank of India (RBI) lifted its ban on HDFC Bank on issuing new credit cards, the country's largest private sector lender on Wednesday said it had resources and plans in place to "further reinforce pole position in the credit card segment" and that it would "come back with a bang". "We will aggressively go to the market, with not just our existing suite of credit cards but also new offerings in the form of co-brands and partnerships," Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, said in a letter to his employees. The bank's management had earlier indicated that the lender had been sourcing liability customers aggressively over the past few months.
PhonePe, at the Global Fintech Fest 2026, unveiled its strategic vision for the next decade, focusing on inclusive digital progress for individuals, households, and businesses across India. The roadmap details innovations in financial inclusion, wealth creation, credit access, and merchant solutions.
The loan is completely hassle-free and transparent.
The new labour Codes, notified by the central government in November 2025, have pushed up employee costs for private-sector banks and insurance companies, with these firms reporting higher operating expenses in the October-December quarter (Q3FY26) due to the statutory impact of the new labour Codes.
Net profit rose to Rs 1,982 crore (Rs 19.82 billion) in the quarter ended September 30 from about Rs 1,560 crore (Rs 15.6 billion) a year earlier, the bank said on Tuesday. Net interest income grew nearly 15% to Rs 4,480 crore (Rs 44.8 billion).
Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval
India now has three companies in the global top 100 list in terms of market value: Reliance Industries (RIL) ranks 72, Tata Consultancy Services (TCS) is at 86 and HDFC Bank at 99.
HDFC Bank Ltd has posted a 31.8 per cent rise in net profit at Rs 130.36 crore (Rs 1,303.6 million) for the third quarter ended December 31, 2003, compared to Rs 98.88 crore (Rs 988.8 million) reported in same period of the previous year.
Top ten banks of the world includes 4 from the USA, 4 from China and one each from the UK and Australia
Indian benchmark indices Sensex and Nifty closed lower in a volatile session due to profit-taking in banking and financial shares, despite earlier gains driven by easing geopolitical tensions. Analysts suggest investors remain cautious and are not aggressively chasing the recent rally.
Indian benchmark indices, Sensex and Nifty, closed sharply higher, with the Sensex climbing 1,695.40 points and the Nifty surging nearly 2 per cent, driven by a global market rally and a decline in crude oil prices following US President Donald Trump's declaration that his country has ended the war with Iran.
