The bank's base rate currently stands at 10 per cent and the last movement in it was in November last year, when it was hiked by 0.20 per cent.
Lender had 5.12 mn cards - almost a third of the total number of credit cards in the industry - at the end of November, 2013.
HDFC Bank has reported a 20% rise in its Q2 profit.
From the Sensex firms, Bajaj Finance, Trent, Hindustan Unilever, HDFC Bank, Eternal, Bajaj Finserv, ICICI Bank, and Bharat Electronics were among the laggards. However, Maruti, Tech Mahindra, Mahindra & Mahindra and NTPC were among the major gainers.
Wipro reported Q4FY26 IT services revenue of $2.6 billion, a modest 0.2 per cent Q-o-Q constant currency growth, with adjusted operating profit margin beating estimates at 17.2 per cent. The company announced a significant share buyback of ~15,000 crore, but faces near-term growth challenges, particularly in the BFSI segment, and has issued a soft Q1FY27 revenue guidance.
When costs go down, interest rates will go down, says managing director and CEO Aditya Puri.
Tech Mahindra, HCL Tech, State Bank of India, UltraTech Cement and HDFC Bank were also among the gainers. In contrast, Eternal, Asian Paints, Bharat Electronics, Sun Pharma and Maruti were among the laggards.
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From the Sensex firms, Bharat Electronics, Mahindra & Mahindra, Titan, NTPC, State Bank of India, Adani Ports, Tata Motors Passenger Vehicles and Bajaj Finserv were among the major laggards. Tata Consultancy Services, ICICI Bank, Infosys and HDFC Bank were among the gainers.
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All three Bharti group companies outperformed in CY25 but the biggest gain came from Bharti Airtel, the flagship.
Leading private sector lender HDFC Bank on Monday reported a 33.8 per cent increase in its June quarter net profit at Rs 811.71 crore (Rs 8.11 billion).
The credit growth is expected to be better in the next financial year on the back of higher gross domestic product (GDP) growth, according to HDFC Bank Ltd, the country's second largest private lender.
ICICI works on similar lines; alternative to Business Correspondents to reach financial inclusion targets.
Gold and silver prices experienced a significant drop in the national capital due to a global selloff driven by inflation concerns, central bank policies, and geopolitical tensions.
From the 30-Sensex firms, Eternal declined by 4.02 per cent, followed by Bajaj Finance (3.88 per cent), Sun Pharma, InterGlobe Aviation, Trent, Asian Paints, Mahindra & Mahindra and Bajaj Finserv. HDFC Bank emerged as the only gainer from the pack.
Among Sensex firms, Axis Bank, HDFC Bank, Reliance Industries, ICICI Bank, Bharat Electronics and Larsen & Toubro were the biggest laggards. However, Asian Paints, Maruti, Bharti Airtel and Bajaj Finance were among the gainers.
Tata Consultancy Services (TCS) is India's most-valuable brand in 2022 replacing HDFC Bank, which held the number one spot since 2014, according to Kantar BrandZ report on India's most-valuable brands. TCS was able to grab the top slot due to rising global demand for automation and digital transformation, following the pandemic. Indian brands have bounced back from the pandemic to increase their brand value by 35 per cent compound annual growth rate (CAGR) since 2020.
Analysts had on average forecast a net profit of 23.21 billion rupees, according to Thomson Reuters data.
The charges would apply to savings as well as salary accounts
HDFC Bank Ltd has posted a 30.6 per cent rise in net profit at Rs 117.14 crore for the second quarter ended September 30, 2003, compared to Rs 89.69 crore in same period last fiscal.
Private sector lender HDFC Bank on Monday reported a net profit of Rs 464.35 crore (Rs 4.64 billion) for the first quarter ended on June 30, against Rs 321.23 crore (Rs 3.21 billion) in the corresponding period a year-ago.
The board of HDFC Bank has proposed a dividend of 215 per cent or Rs 4.30 per share on the face value of Rs 2 for the financial year ended March, 2012.
Among Sensex firms, HCL Tech, ICICI Bank, Titan, Trent, Kotak Mahindra Bank, Hindustan Unilever, Mahindra & Mahindra and HDFC Bank were the major laggards. However, Adani Ports, Bharti Airtel, SBI, NTPC and Sun Pharma were among the gainers.
A gunman working with HDFC bank fled with Rs 19,50,300 cash at Kamlacity Complex N M Joshi Marg in south-central Mumbai. The gunman Shafik Ahmed, 25, and the bank's cashier withdrew cash from the bank in order to deposit it in various ATM centres.
The outlook of a negative growth in agriculture comes on the back of the Indian Meteorological Department's revised rainfall forecast and uncertain impact of mitigants such as ground water harvesting and modification of cropping patterns.
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From the 30-Sensex firms, Maruti, Power Grid, Tata Motors Passenger Vehicles, HDFC Bank, Asian Paints and Tata Steel were among the biggest laggards. However, Titan, HCL Tech, Tech Mahindra, Infosys and Tata Consultancy Services were among the gainers.
In a reprieve for HDFC Bank, Securities and Exchange Board of India on Thursday allowed the bank to open new demat accounts saying there was no need to continue its earlier directions that barred the bank from opening new accounts.
India's top 10 banks, including the SBI, ICICI Bank and HDFC Bank suffered a collateral damage following the Standard and Poor's lowering the country's sovereign rating outlook.
HDFC Bank has registered a 31 per cent increase in its net profit at Rs 183.53 crore (Rs 1.83 billion) for the first quarter ended June 30, 2005 as compared to Rs 139.97 crore in Q1 FY05.
From the Sensex firms, Mahindra & Mahindra, Maruti, Adani Ports, Bajaj Finserv, Titan, and HDFC Bank were among the major laggards. However, Hindustan Unilever, Trent, HCL Tech, Asian Paints, and Tata Steel were among the gainers.
Among Sensex firms, Infosys, Bharti Airtel, Adani Ports, Sun Pharma, Tech Mahindra, Eternal, Axis Bank and Maruti were the major laggards. However, ITC, UltraTech Cement, Tata Steel and HDFC Bank were among the gainers.
HDFC bank has national distribution network of 3,119 branches across the country as on June 30, 2013.
ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases.
Private sector lender HDFC Bank on Friday reported a 31.64 per cent jump in its net profit at Rs 818.50 crore (Rs 8.18 billion) for the third quarter ended December 2009, over the corresponding period a year earlier.
State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs.
The bank lost out on fairly meaningful quantum of fees from point of sale terminals and ATM usage during the demonetisation exercise.
