HDFC Bank

  • HDFC Bank Q1 net up 21 per cent, lags estimates 5 days ago

    Mumbai: HDFC Bank Ltd, India's second-biggest private sector lender by assets, reported its slowest quarterly earnings growth in more than a decade on higher-than-expected provisions. The Mumbai-based bank said that the net profit rose 21 per cent to Rs 2,233 crore ($371 million) for its fiscal first quarter to end-June from...
  • Not in the race for Finance Ministry: HDFC Chairman Deepak Parekh May 23, 2014

    In an exclusive interview to Network 18, HDFC Chairman Deepak Parekh has refuted reports that he could be in the running for the Finance Ministry. ...
  • Asset quality of banks deteriorating at frightening pace: Study May 14, 2014

    New Delhi: The asset quality in banks has deteriorated at a "frightening pace" during 2013-14 fiscal with public sector banks bearing the maximum brunt of bad loans, a RBI panel report has said. At the quarter ended December 2013, banks collectively held loan provisions of Rs 98,593 crore, an increase...
  • Sensex falls 37 points in the third day of losses; IT stocks shine January 3, 2014

    Mumbai: After dropping 157 points in early trade amid weak global cues, the Sensex on Friday recouped some losses in the latter half on the back of continued strength in IT stocks to end the day with a 37-point fall. Selling in bluechips led by auto sector on reports of lower...
  • Current a/c gap narrows; economy seen improving December 2, 2013

    India's current account gap narrowed sharply in the September quarter, thanks to steps to curb gold imports, the latest in a run of positive signs for a sluggish economy. Earlier on Monday, the HSBC Manufacturing PMI index for November showed Indian manufacturing at its strongest since March. On Friday, data showed...
  • UP: HDFC introduces banking to rural women in Bulandshahar October 30, 2013

    A private bank in Bulandshahar in Uttar Pradesh has taken an initiative to introduce banking to rural women in order to make them self reliant. Women, who have never stepped into a bank earlier are taught how to bank. Nasreen, mother of two, may not know be aware of old...
  • Not to reduce interest on consumer durable loans: HDFC Bank October 4, 2013

    Chomu: HDFC Bank on Friday said it will not reduce interest rates for consumer durable loans ahead of the festive season, although state-owned lenders might do so on a call by the Finance Ministry to boost demand. "No, we will not be reducing the interest rates (on consumer durable loans). We...
  • FIR against HDFC Bank, others for cheating retired bureaucrat October 3, 2013

    New Delhi: Delhi Police has informed a court in New Delhi that, as per its orders, an FIR has been lodged against HDFC Bank along with unknown persons for allegedly cheating a retired bureaucrat of over Rs 13.6 lakh by making withdrawals from his bank account and also forging his wife's...
  • ICICI Bank raises base rate by 0.25 per cent to 10% August 22, 2013

    Mumbai: ICICI Bank, the country's largest private sector lender, on Thursday increased its lending rate by 0.25 per cent to 10 per cent with effect from Friday. The bank also effected a similar hike in its prime lending rates, which will be applicable to existing customers who are on the...
  • Yes Bank, Canara Bank, HDFC Bank shares erase early gains as rupee tumbles a new low August 21, 2013

    In highly volatile trade, banking stocks on Wednesday erased almost all the gains they notched up in early trade after the rupee declined sharply to sub-64 levels. Banking stocks were trading in the positive terrain on BSE taking cues from RBI measures to ease liquidity in the system. Yes Bank, which...
  • HDFC ATM, debit card, netbanking services unavailable this weekend July 17, 2013

    New Delhi: In an email notification to its customers HDFC Bank has informed that the bank's ATM, online banking, mobile banking, debit card and other services would be unavailable over the weekend because of a scheduled system upgrade. HDFC Bank has also posted the notification on its website. "We are...
  • Some truth in Cobrapost expose, will take action: RBI May 30, 2013

    Ahmedabad: There is "some truth" in Cobrapost's allegations of wrong doings by banks and RBI has issued notices to their managements, central bank Governor D Subbarao said on Thursday. "We have done study of those banks, investigated them ... We have done a larger study of those banks and we have...
  • I-T dept issues notices to ICICI, Axis, HDFC banks May 28, 2013

    New Delhi: Income Tax department has issued notices to three top private lenders in the country - ICICI Bank, Axis Bank and HDFC Bank - in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part of...
  • RBI probes Cobrapost report, reveals major violations by banks May 13, 2013

    New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs,...
  • HDFC Bank Q4 net profit up 30 pc, meets forecast April 23, 2013

    Mumbai: HDFC Bank Ltd, India's No.3 lender by loan value, met forecasts with a 30 per cent rise in quarterly profit on Tuesday led by higher loan growth, fee income and stable asset quality. Mumbai-based HDFC Bank, which has posted profit growth of more than 30 per cent every year for...
  • Money laundering: 'RBI teams to audit banks' March 18, 2013

    New Delhi: In more trouble for the banks that were indicted in a recent Cobrapost expose, which caught some of the employees of HDFC, ICICI and Axis banks offering money laundering services, the Reserve Bank of India (RBI) has sent its teams to those branches of the banks for an...
  • Money laundering: Banks on a damage control spree March 16, 2013

    New Delhi: Private banks are in damage control mode after their employees were shown aiding money laundering in a sting operation by online magazine Cobrapost. While ICICI Bank has suspended 18 employees pending an investigation, HDFC Bank says it has ordered a probe by independent agencies on the expose. HDFC Bank...
  • Money laundering by banks: Kotak Mahindra denies allegations March 15, 2013

    New Delhi: After CNN-IBN accessed a confidential government investigation report which highlighted how several private banks were involved in conversion of black money into white, Kotak Mahindra Bank has refuted all the allegations. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak...
  • I challenge the three bank heads to an open debate: Aniruddha Bahal March 15, 2013

    A sting operation conducted by online magazine Cobrapost across various branches of private banks has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost Editor Anirudh Bahal has insisted that leading private banks like HDFC Bank, ICICI Bank and Axis Bank are...
  • Govt officials were informed of money laundering in banks: Report March 15, 2013

    New Delhi: A confidential government investigation report highlighting how several private banks were involved in conversion of black money into white has been accessed by CNN-IBN. The government investigation focussed on a Delhi-based middleman named Abdul Munaf Khan who allegedly deposited cash to the tune of Rs 100 crore in...
  • News 360: Cobrapost expose reveals brazen money laundering at banks March 14, 2013

    A sting operation conducted by Cobrapost across various branches of private financial institutions, including HDFC, ICICI and Axis banks showed how bank employees were helping customers convert black money into white. ...
  • RBI suspects banks violating KYC norms, orders probe March 14, 2013

    New Delhi: The Reserve Bank of India (RBI) suspects some banks are involved in KYC violations, sources said. The RBI has sent showcause notice to one bank and a probe is on in the NCR region. The probe comes after online magazine Cobrapost's sting operation on private banks shows brazen money...
  • ICICI Bank to probe money laundering allegations March 14, 2013

    New Delhi: ICICI Bank has in a quick response to money laundering allegations in a Cobrapost sting operation said that the bank launched an investigation into the matter and that a committee will submit its report in two weeks on the issue. The statement by a spokesperson of the bank reads,...
  • HDFC Bank, ICICI Bank, Axis Bank involved in money laundering: Report March 14, 2013

    New Delhi: A sting operation conducted by online magazine Cobrapost across various branches of private financial institutions has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost claims that the nationwide operation shows how private banking and insurance affiliates launder money as...
  • HDFC Bank launches mobile banking in Hindi November 20, 2012

    Indore: Targeting 560-million Hindi-speaking population, the second largest private sector lender HDFC Bank today launched a mobile banking application in the national language. Mobile banking services is part of the bank's overall strategy to use convergent communication platform to engage with customers, Senior Executive Vice-President for...
  • The secret at the world's most expensive bank November 20, 2012

    Bangalore: When reports surfaced in July that Indian newspaper publisher Deccan Chronicle Holdings was struggling for survival, several of its creditors were caught off-guard. Not HDFC Bank. Even as Deccan, which also owned a glitzy cricket team, sought to reassure markets that it held enough assets to stave off a crisis,...
  • HDFC Bank Q2 net profit up 30 pc, meets forecast October 12, 2012

    Mumbai: HDFC Bank, India's No 3 lender, met forecasts with a 30 per cent rise in quarterly profit, led by stronger loan growth, better fee income and stable net interest margins. Mumbai-based HDFC Bank, among the first lenders to report September quarter results, said on Friday its net profit rose...
  • HDFC, Kotak Bank in Forbes' Asia Fab 50 list September 7, 2012

    Mumbai: HDFC Bank and Kotak Mahindra Bank have pipped their Chinese peers in the Forbes Asia's 'Fab 50' list this year. HDFC Bank, the country's most valued bank with the largest market capitalisation, and Kotak Mahindra Bank are the only two banks from Asia in the list, and among the...
  • HDFC Bank overtakes SBI as most valued bank July 27, 2012

    New Delhi: Private sector lender HDFC Bank on Friday surpassed SBI as the country's most valued bank with a total market valuation of about 1,37,500 crore. SBI shares were seen trading under pressure with a fall of nearly 2 per cent this afternoon, despite an overall uptrend in the market,...
  • Moody's downgrades ICICI, HDFC, Axis by a notch May 14, 2012

    Mumbai: Global credit ratings firm Moody's on Monday downgraded the country's three largest private sector lenders - ICICI Bank, HDFC Bank and Axis Bank - to D+ from C- to align them with the sovereign rating. As a result, the hybrid debt ratings of these banks, except HDFC Bank, will be...