HDFC Bank - The Purbottar

07 Mar

NSE IFSC and HDFC Bank unlock investing opportunities

editor0 CommentsBusiness, IndiaHDFC Bank, NSE IFSC

In association with HDFC Bank, a wholly owned subsidiary of the National Stock Exchange of India Ltd NSE International Exchange has launched trading in India’s first Unsponsored Depository Receipts under the regulatory sandbox framework prescribed by the IFSCA, which will offer Indian retail investors an opportunity to invest in the US Stocks, listed on exchanges like NYSE and NASDAQ in an easy and affordable way. Indian retail investors will be able to transact on the NSE IFSC platform under the Liberalized Remittance Scheme prescribed by the Reserve Bank of India. NSE IFSC Receipts will make the entire process of investment…

19 Jul

HDFC Bank shares tumble 3 pc after Q1 data disappoints investors

editor0 CommentsBusiness, IndiaHDFC Bank

Shares of HDFC Bank dipped over 3 per cent on Monday as the company’s June quarter earnings failed to impress investors. At 3.57 pm, the banks stock went lower by 3.34 per cent to Rs 1,470.95 on the BSE and it dipped 3.28 per cent to Rs 1,472.40. HDFC Bank’s consolidated net profit for the June quarter increased 14 per cent to Rs 7,922 crore, but the largest private sector lender reported reverses because of the second wave of the pandemic, which compressed its growth. When compared with the preceding March quarter’s Rs 8,434 crore, there was a decline in…

31 May

HDFC Bank To Set Up Medical Infrastructure For Covid-19 Relief

editor0 CommentsBusiness, HealthBusiness, Covid-19, HDFC Bank, INDIA

HDFC Bank, under Parivartan, announced today a slew of measures to set up and enhance medical infrastructure across the country to assist the fight against the pandemic. The measures comprise setting up permanent medical infrastructure such as Oxygen plants, medical equipment, and ICU facilities, in addition to providing medical supplies to hospitals across India. The Bank has committed an initial amount of Rs 100 crore under Parivartan in FY 21-22 for Covid-19 relief initiatives. In FY 20-21, the Bank contributed Rs 120 crore towards Covid-19 relief, as part of Parivartan. To help improve the medical infrastructure across India, the Bank…

26 Sep

HDFC Bank Launches India’s first Warehouse Commodity Finance App

editor0 CommentsNorth EastHDFC Bank

In an industry first, HDFC Bank today launched a Warehouse Commodity Finance App. This will enable customers in drawing down and managing the loan against pledge of commodities online without physical intervention or multiple visits to a Bank branch. This in turn will bring in enhance defficiencies and time savings for the agri value chain. Something that used to take days can now be done in a loan has been repaid. The new app will greatly benefit agri processors, traders and farmers who are primary beneficiaries of WHR loans (Warehouse Receipt Loans). The App has been launched at a time…

21 Sep

HDFC Bank ranked India’s No. 1 brand for 7th consecutive year

editor0 CommentsNorth EastHDFC Bank, ranked India’s No. 1 brand

HDFC Bank has been ranked India’s Most Valuable Brand for the 7th consecutive year. Known as the ‘2020 BrandZ™ Top 75 Most Valuable Indian Brands,’ the survey values the HDFC Bank brand at $20.3 billion. HDFC Bank’s brand value over the past 7 years, has grown from $9.4 billion in 2014 to $20.3 billion in 2020. This year, the study covered 1,140 Indian brands across 89 categories with insights from 3.8 million consumers. “HDFC Bank has been consistent in its financial performance and customer experience, the bank was also ranked no. 59 in the 2020 BrandZTM Top 100 Most…