HDFC Bank's board approves ₹12,500 cr IPO for HDB Financial; stock up 3% on steady Q2
HDB Financial Services is expected to raise ₹12,500 cr via IPO, including fresh equities worth ₹2,500 cr and OFS of shares worth ₹10,000 cr by parent HDFC Bank.
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HDFC Bank Q2 advances surge 7% to ₹25.19 lakh cr, deposits up 15%
In Q2, HDFC Bank's retail loans grew by ₹33,800 cr; commercial, rural banking loans grew by ₹38,000 cr; corporate, other wholesale loans dipped by ₹13,300 cr over Q1
MFs buy equities worth ₹35,600 cr in Aug; Zomato, TCS, Trent, Maruti among top picks
The highest-selling by mutual funds was observed in HDFC Bank, RIL, Apollo Hospitals and Infosys shares.
RBI imposes monetary penalty on Axis Bank, HDFC Bank
A monetary penalty of ₹1.91 crore has been imposed on Axis Bank for non-compliance with certain directions issued by RBI.
RVNL, Oil India, Vi among 7 stocks to be added to MSCI EM Index; to attract $3 bn inflows
India’s weightage in the MSCI EM Index has surged from around 8% in 2020 to record 20% today, and is expected to touch 22% by year-end, says Nuvama.
Bank Nifty extends fall for 2nd day; SBI, HDFC, Axis, ICICI Bank down up to 2%
10 out of 12 Nifty bank stocks were trading lower, barring Federal Bank and AU Small Finance Bank.
Stock market review: Movers and shakers of Budget day
In the BSE Sensex pack, 11 out of 30 stocks ended in green on Budget day, led by Titan, ITC, Adani Ports, NTPC, and Infosys.
Sensex, Nifty end lower ahead of Budget; RIL, Kotak Bank, ITC among top laggards
Bucking the trend, the BSE midcap and smallcap indices ended higher, rising 1.2%, and 0.8%, respectively.
HDFC Bank shares gain 3% post Q1; should you buy, hold, or sell the banking stock?
Most brokerages have maintained ‘Buy’ ratings on HDFC Bank, projecting target price to be in the range of ₹1,850 to ₹2,000.
HDFC Bank shares drop 4% post Q1 biz update
The lender’s gross advances grew 52.6% YoY to ₹24.87 lakh crore in Q1 FY25, but dropped 0.8% QoQ; total deposits rose 24.4% YoY and flat QoQ to ₹23.79 lakh crore.
