The country’s largest mortgage lender, Housing Development Finance Corporation (HDFC), plans to exercise the warrants issued by HDFC Bank into equity. Following the conversion in early December, HDFC’s stake in the bank will rise to almost 24 per cent.“Yes, we will exercise these warrants. Based on the current capital base of HDFC Bank, our stake in HDFC Bank will be around 23.8 per cent,” a spokesperson...
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MUMBAI: Backed by a strong credit demand mainly in the auto segment, private sector lender, HDFC Bank disbursed Rs 3,000 crore of retail loans in October. The bank expects to grow its retail loan book "faster than the industry" and has seen a major chunk of its business emerging from non-metros, HDFC Bank Country Head Retail assets Pralay Mondal told reporters here. "For the full year, our retail credit...
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Fatehgarh Sahib, Oct 31 : District Consumer Disputes Redressal Forum has directed HDFC Bank to pay Rs 10,000 as compensation for causing mental harassment and agony to an old couple here.The couple, Harinder Singh, 67, a retired Northern Railway employee and his wife Kulvir Singh, 65, residents of Kotla Bajwara village, had filed a complaint with the Forum against Branch Managers of Centurion Bank...
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District Consumer Disputes Redressal Forum has directed HDFC Bank to pay Rs 10,000 as compensation for causing mental harassment and agony to an old couple here. The couple, Harinder Singh, 67, a retired Northern Railway employee and his wife Kulvir Singh, 65, residents of Kotla Bajwara village, had filed a complaint with the Forum against Branch Managers of Centurion Bank of Punjab; HDFC, Patiala...
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Just decide on the make & model, and our New Car Loan will bring it to your driveway in no time.Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals)*.Attractive car loan plans - To Fastrack your loan, just choose the plan that is right for you.# If you have had a Preferred Account or a Corporate Salary Account with HDFC...
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Aditya Puri has stuck to conventional banking to make his institution a financial powerhouse.In 1994, HDFC Bank consisted of Aditya Puri and his table. Fourteen years later, the footprint has expanded to 1,400 branches – the largest among all private banks in India. And the man at the centre of it all says he has banked on pure common sense to take his institution forward. “You do not have to change...
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year ago, before the economic downturn, one of the large credit-card business players, involving a partnership between a public sector bank and a non-banking finance company, was said to have double-digit default figures.This had industry watchers surprised and concerned: no reiterating the high risk of defaults in this category of unsecured loans of banks and NBFCs. Their worst fears may be coming...
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Institute for management Development invites application for admission to MBA equivalent PGDM 2010-2012 BatchApplication forms available in Selected HDFC Bank Brances, leading coaching centres, and institute websiteThis...
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MUMBAI: Big lenders have seen a surge in retail loan offtake over the seven months of the fiscal. Rising wages, coupled with pent-up demand for new homes and cars, have given a fillip to retail lending by banks across the country. For some like HDFC Bank and Axis Bank, October has been the best-ever month in terms of retail assets growth. Others such as ICICI Bank and Bank of Baroda have also witnessed...
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Led by private sector lender HDFC Bank, Indian stocks trading on American bourses gained over $6 billion last week. For the week ended November 6, Indian entities listed on the New York Stock Exchange and Nasdaq added $6.41 billion to their market-cap, with HDFC Bank alone accounting for $1.38 billion....
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