HDFC Bank Ltd. News

NSE: HDFC Bank Industry : Bank - Private

HDFC Bank adjudged Best Private Bank in India at Global Private Banking Awards 2021

The bank has been on a drive to increase market share through geographic expansion

12 Jan 2022, 11:39 AM

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HDFC Bank rises on the BSE

The bank has inaugurated smart classrooms in govt schools in Rajasthan

11 Jan 2022, 15:20 PM

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HDFC Bank inaugurates smart classrooms in govt schools in Rajasthan

Further, the Bank has also trained teachers to use the digital infrastructure

11 Jan 2022, 12:58 PM

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HDFC Bank goes live for customs duty payments

Bank has facilitated both retail and wholesale payments of Customs Duty

07 Jan 2022, 16:00 PM

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HDFC Bank enters into MoU with AIC STPINEXT Initiatives

The bank has entered into MoU to provide range of banking needs to startups and other value-added services under SMARTUP program

06 Jan 2022, 14:08 PM

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HDFC Bank gains as its advances rise 16% in Q3FY22

The Bankas deposits aggregated to around Rs 14,460 billion as of December 31, 2021, a growth of around 13.8% over Rs 12,711 billion as of December 31, 2020

04 Jan 2022, 14:15 PM

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HDFC Bankas advances rise 16% in Q3FY22

The Bankas deposits aggregated to around Rs 14,460 billion as of December 31, 2021, a growth of around 13.8% over Rs 12,711 billion as of December 31, 2020

04 Jan 2022, 09:19 AM

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HDFC Bank surges on the BSE

The bank has inked MoU with Agra Smart City to launch aMera Agraa app

31 Dec 2021, 11:52 AM

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HDFC Bank inks MoU with Agra Smart City to launch aMera Agraa app

The app would be a convenient source for accessing comprehensive information about the city and availing its public services

31 Dec 2021, 10:26 AM

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HDFC Bank partners with IPPB to deliver banking services in semi-urban, rural areas

About 90 per cent of IPPB customers reside in rural areas, which may benefit from this tie-up

27 Dec 2021, 16:38 PM

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HDFC Bank wins CII Award for aMost Innovative Best Practicea for Financial Inclusion

HDFC Bank focuses on financial inclusion by offering entire bouquet of its world-class products through CSCas network of VLE centres

27 Dec 2021, 10:58 AM

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HDFC Bank sanctions over Rs 15,000 crore MSME loan in Punjab

The bank is the largest bank for MSMEs in the state with a market share of over 24% per cent

23 Dec 2021, 16:30 PM

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HDFC Bankas MSME loan book crosses milestone of Rs 20,000 crore in Tamil Nadu

It is now the 2nd largest bank for MSMEs in the state with a market share of over 10% per cent

17 Dec 2021, 12:58 PM

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HDFC Bank inks MoU with Enterprise Incubation Centre

MoU seeks to help startups with mentoring, training, product acceleration, and banking services

17 Dec 2021, 11:19 AM

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HDFC Bank trades in green on the BSE

The company's arm is looking to add 2 lakh customers every month till March 2022

16 Dec 2021, 12:53 PM

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HDFC Bankas arm looking to add 2 lakh customers every month till March 2022

The company's customer addition during the pandemic was low in absence of an online demat account opening facility and onboarding of only parent bank customers

16 Dec 2021, 12:59 PM

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HDFC Bank, Equitas Small Finance Bank partner to launch new co-branded credit cards

This first-of-its-kind partnership for HDFC Bank will enable to extend best-in-class offerings in the cards segment to Equitas Small Finance Bank's customers

24 Nov 2021, 12:34 PM

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HDFC Bank launches micro-credit facility for PM SVANidhi scheme with Common Service Centres

This is a flagship scheme of the Government of India, in line with the guidelines of Atmanirbhar Bharat

20 Nov 2021, 11:24 AM

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HDFC Bank organizes 2,000 workshops to prevent financial fraud

The campaign will tell the customers about ways to safeguard themselves against financial fraud

16 Nov 2021, 11:56 AM

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Today's price summary

Stock DNA

1 Years Returns

STOCK

-94.8

SECTOR

-87.3

SENSEX

-76.53

Industry

Private Banks

MARKET CAP

Rs 8,51,035 Cr

PRICE TO ADJ. BV

3.87

DIVIDEND YIELD

0.42%

Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell
Moving average Buy Sell
Technical Indicator Buy Sell

HDFC Bank is the largest Indian private lender with a market capitalization of Rs 9.01 trillion. 

The bank operates in all banking areas of retail, wholesale, treasury and offers various financial services through its different subsidiaries.    

Company background and profile 

HDFC Bank was one of the first generation private banks when the Indian banking industry underwent privatisation. They were among the first to receive in-principle approval from the Reserve Bank of India during banking liberalisation in 1994. HDFC started operation as a scheduled commercial bank in 1995. 

The bank has a well-established network of 5,653 branches spread over 2917 Indian cities/towns and foreign offices in Bahrain, Hong Kong, and Dubai. However, the bank started its journey as a housing finance company in 1977 by its promoters. During its tenure, HDFC successfully financed millions of home dwellings and earned impeccable expertise in mortgage financing. In 1994 it debuted as a scheduled commercial lender and, over the years, grew to become the most successful private lender in Indian history.  

HDFC Bank holds a solid deposit base of Rs. 1,22,000 crore and net advances of approximately Rs. 89,000 crore. In 2008, the government approved merging the Centurion Bank of Punjab with HDFC Bank. The amalgamation added significant value to HDFC's performance, strengthening its branch network, penetration to hinterlands, customer base, and skilled workforce. The bank also acquired Times Bank Ltd. in 2000. It was the first time a merger between two private banks happened in India. These amalgamations helped HDFC to cement itself as the largest in the sector. 

Company financial and performance 

  • In the quarter concluded on September 30, 2021, HDFC Bank managed to grow its net revenue by 14.7% to Rs 25,085.2 crore YOY
  • Net interest income for the quarter ended jumped by 12.1% to Rs 17,684.4 from the last year
  • Other income (non-interest revenue) rose 29.5% of revenue to Rs 7,400.8 crores or by 21.5% over the Q2, 2020
  • Operating expenses of the quarter increased 15.2% over the corresponding quarter of the previous year, taking the cost-to-income ratio to 37.0%
  • The bank's profit before tax (PBT) stood at Rs 11,882.6 crore, increased by 17.5% from the same quarter last year, and net PTA was Rs 8,834.3 crore (17.6% more than September 30, 2020)

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