Hdfc Bank IFSC Code News:
ADRs of Indian Stocks like Wipro, ICICI Bank & HDFC Bank shed
ADRs of Indian stocks ended primarily at a decrease price on 8 th August, 2016. Tata Motors fall down by 0.03% and the ICICI Bank down by 0.68% . Talking of the IT sector, Wipro came down 0.18% at $11.37 plus the Infosys rose 0.12% at $16.27. Whereas in the banking sector, HDFC bank was down 0.07% at $69.60 and ICICI Bank fall 0.68% at $7.27 . Among the different spaces, Tata motors fall 0.03% at $38.99 plus the Dr. Reddy’s Labs rose 1.42 at $45.77
2016/08/10 12:59 AM
To sustain its growth HDFC bank focuses on its digital platform
In order to achieve sustained growth in the coming years private sector bank HDFC has planned to focus on digital platforms in rural and semi urban areas.
HDFC bank said in its annual report in 2015-16 that the bank is in a position to continue growing faster than the banking sector both in the segment of retail and wholesale. The bank has introduced digital innovations such as loans at ATMs ,missed call recharge and 10 second personal loans during this year. In the meantime bank has been called the most honored company in the latest ranking released by the Institutional Investor magazine.
The same magazine has also called the MD of the bank Mr. Aditya Puri as the best CEO . The CEO also got a remuneration hike of 31 % making it a whopping 9.73 Cr.
2016/07/14 08:38 AM
In market valuation the top four companies take a hit of Rs 19k Cr
In their market valuation, four out of the top ten most valued Indian companies saw a combined decline of Rs 19173.4 Cr . The company to report the maximum loss was TCS.
ONGC, HDFC bank, TCS, and Infosys saw a decline in their market capitalization in the week that was shortened by holidays. Sun Pharma, CIL, HDFC, HUL and RIL racked up profits.
The figure for ITC was unavailable due to there being an modification in the issues of bonus shares.
The TCS market valuation saw a decline from Rs 477927.3 Cr to Rs 15034.4 Cr.
ONGC was finally valued at Rs 191300.7 Cr and Infosys at Rs 266158.5 Cr.
The HDFC bank m-cap saw a decline of Rs 430.9 Cr to end at Rs 297158.8 Cr.
In contrast HDFC gained Rs 6051.3 Cr at Rs 202960.7 Cr.
HULs m cap gained Rs 4782.9 Cr to end at Rs 199153.9 Cr.
Sun Pharma gained Rs 3501.7Cr to end at Rs 187373.2 Cr.
RIL was valued at Rs 317792 Cr after it climbed Rs 2091.4 Cr.
CIL went upto Rs 196849.5 Cr after an increase of Rs 979 Cr.
The top ten ranking firms were TCS , RIL,HDFC bank,ITC,Infosys,HDFC,HUL,CIL,ONGC and Sun Pharma.
2016/07/11 02:56 AM
Manipur Police arrested three after having solved the bank heist case
The Manipur police said that three out of six people involved in the HDFC bank robbery have been arrested and approx Rs 9 Lakhs and 2 kg gold has been recovered.
The sources of the police say that the other accused will be identified soon after their particulars are made known to the public. It is assumed that the three remaining accused are hiding somewhere near the mountain villages.
The police informed that first the robbers took the bank guards to task and later herded the guards along with employees in a room before fleeing off with the money and the gold. The police informed that they are interrogating the three people who were caught and it was too early to comment if some insider was involved.
The location of the bank is near the Thoubal Athokpam highway.
2016/07/08 09:02 PM
Deutsche Bank : Target Rs 1370 - HDFC Bank
Deutsche bank buy the HDFC bank maintains but elevated its 12month target price from Rs 1285/- earlier to Rs 1370. Lower cost and the share market gain is probable to bring about 20 % growth rate oneach share. Slowly changed to mix loan will lead to lesser cost and lower NIMs. Incremental share market growth should develop constantly and is currently 15 %. The Deutsche bank report said that all branches investments and employees are the faster among its peer banks. In the next two years the investment bank which is global expects 20 % RoE and 1.9 - 2 Percent RoA. The growth will stay steady and a valuation is rich at 17 x FY18/E P/E.
2016/07/01 10:01 PM
The HDFC seeks the nod of shareholders to raise Rs 50,000 Cr for infrastructure development and affordable housing
The board of directors approved the seeking of consent of the shareholders for borrowing funds in Indian currency by the following means-
Issue of perpetual debt instruments.
Tier 2 capital bonds
Senior long term infrastructure bonds in the domestic market on a private placement basis
The agenda for the Annual General Meeting to be held on July 21 will also be disclosed by the bank. The funds raised thereby will be used for affordable housing finance. In July 2015 RBI issued bank guidelines for issue of long term bonds by the banks. The agenda for the annual general meeting is also the appointment of a director. The director has to be appointed in place of retiring director Keki Mistry . Keki Mistry is also eligible for re appointment. For the year ending March 2015 the bank will declare dividend on equity shares. Shares of the bank closed at Rs. 1169.20 on BSE and at an up of 0.59 %
2016/06/20 09:05 PM
In 10 seconds, HDFC Banks instant loan
In a pertinent way, another offering under HDFC Banks digital banking platform GoDigital is the 10-second loan in the open market for its esteemed existing customers. According to the Banks official press release, “Under this particular platform, the HDFC bank proudly launched PayZapp application that largely enabling the esteemed customer in order to buy each and everything on their mobile with a lot of perfection. It is to be noted that for its existing customers, HDFC Bank comes with 10-second paperless instant loan plan in order to make things much easier.
It is to be remembered that the entire process of immediately availing the different kind of loan is paperless completely, and users can log simply into their bank account through mobile banking or net-banking and readily avail this particular loan just at a click. This details and its related information was mentioned by HDFC State Circle Head Zubair Iqbal to the print and electronic media. This particular scheme was grandly launched in 2015 by the bank but largely due to lack of awareness among the public, there were very few customers who know about it in the open market and instantly availed this loan.
2016/05/04 06:44 AM
HDFC Bank ties up successfully with startup
HDFC Bank is the initial private bank that has to sign up with Bengaluru-based startup named Tone Tag in order to largely provide a phone-based proximity payment service which requires neither new acceptance device and nor any special handsets. At present, HDFC Bank esteemed customers will shortly be able to successfully pay at credit card swipe machines just using sound from their handsets in a successful manner. Tone Tag is largely expected to be a perfect disruptor just because it completely does away with the requirement and need for a card to a great extent in stores.
It is to be remembered that the advanced technology rightly requires merchants to have a perfect card swipe machine. In the open market, it will enable esteemed customers to perfectly digitize their card details and related information plus successfully pay by just knocking on the screen. It is to be highly noted that for security, the tone in a successful manner goes by incryption of three levels plus it uses right tokens to perfectly relay information and details instead of the number of the credit card.
In the open market, Tone Tag is established by ex-Infosys employee named Kumar Abhishek plus co-founder named Vivek Kumar Singh. Angel investors have funded this establishment. It also receives funding from Reliance Capital. According to the confidential sources, this pilot project is in the working stage plus a grand launch is shortly expected in the open market for HDFC esteemed existing and potential customers. On the other hand, enabling this particular feature, this bank will update shortly its Payzapp mobile application.
2016/02/27 04:59 AM
HDFC Bank launches fin literacy initiative for SMEs
Under the aegis of Reserve Bank of India (RBI), a financial literacy initiative for small, medium and micro enterprises will commence by Banks in a successful manner across India. In a grand manner, this particular initiative was launched by HDFC Bank in Jammu. The bank will wholeheartedly conduct financial literacy camps in Rajouri, Pulwama, Kupwara, Budgam and Poonch districts in the state of Jammu and Kashmir. It is to be highly noted that this significant initiative is focused to fulfil HDFC Banks large efforts to directly take formal banking services to the remote nook and corners of the nation, support inclusive growth and reach out to entrepreneurs in Small, Medium and Micro enterprises, people as well as Agri business.
The important initiative is as per RBIs recent communication that largely recommended that all the banks must scale up financial literacy efforts in order to increase awareness and knowledge of banking products and its related services with special emphasis on various kinds of credit readily available to entrepreneurs for SMEs plus Agri related facilities and to farmers in any given situations, circumstances and conditions.
It is to be remembered that RBI with banks are aiming to play a vital role in the growth and development of farmers and entrepreneurs within the nation. Financial literacy camp related activities are taken up all the banks in India with much extra care so that its esteemed existing and potential customers are properly benefited by them. These type of initiative is the need of the hour for India and its public at large.
2016/02/13 09:41 AM
HDFC Bank to provide credit cards and personal loans at ATMs
In case, you are an esteemed existing HDFC Bank account holder who is in need of a credit card or a loan then all you need to do is just walk over to your nearest HDFC Bank ATM. It is to be noted that HDFC Bank which is the nations second-largest private lender, will wholeheartedly extend small instant loans to its esteemed customers at ATMs, besides the balance inquiry options and regular cash withdrawal.
While addressing the press meeting, Arvind Kapil, senior executive vice-president and business head, unsecured, home and mortgage loans, HDFC Bank, mentioned that it will be exclusively offered to the existing esteemed HDFC Bank customers just based on their credit and or debit card repayments, salary credits, transaction details and balances. It is to be remembered that the loan amount is largely decided through analytics of advanced level for which this particular bank received approval from the Reserve Bank of India just two months back.
After studying customers banking habits, the new feature was perfectly finalised by experts and specialists in this particular sector. The recent research study report indicates that approximately 42-45% customers transact normally happens outside banking hours. So this bank has decided to help them bank during when they are free. It is reported that the loan request is approved with a fair assessment of customer profile. It checks their eligibility plus after rightly authorising an e-agreement on the ATM screen itself, the requested loan immediately gets credited to their account directly without any hassle.
2016/02/07 05:34 AM
HDFC Bank grabs microfinance award from NABARD in the state of Goa
HDFC Banks Navelim Branch located in South Goa district, in the state of Goa has grabbed the best performing branch in the state in microfinance among private sector banks by the NABARD (National Bank for Agriculture and Rural Development). On January 19, in the presence of senior bank officials at a function organized chief secretary RK Srivastava, who was the chief guest, gave this prestigious award to Ramesh Radder, who is Cluster Head HDFC Bank.
It is to be highly noted that HDFC Bank has largely focused at providing microfinance to approximately 15,000 households, especially for entrepreneurs and to women self-help groups. It is to be remembered that this bank also has a healthy and stable loan book size just under microfinance for its esteemed existing and potential customers. While addressing the print and electronic media personnels, circle head Jorge Bravo Costa mentioned that the spread of financial literacy had rightly led to a huge decrease in the operations of money lenders in the open market to a great extent. He further cited that such improvement in the present scenario is the need of the hour.
HDFC Bank invites its esteemed new and old customers and clients to utilize its best service provided with latest banking technology and facilities in the right manner for their personal and professional growth and development. This banks staffs and employees are readily available during the banking hours to clarify customers doubts and equerries. The bank is always known for its best hospitality services in the Indian Banking sector.
2016/01/23 05:30 AM