HDFC Bank , one of India's leading private sector banks, has announced significant changes to its premium banking service, Imperia. The bank is set to introduce a new Total Relationship Value (TRV) requirement of ₹1.00 crore or more at the group level, effective October 1, 2025. This move aims to redefine the eligibility criteria for its high-net-worth customers and enhance the exclusivity of the Imperia programme.

New Eligibility Criteria

The revised TRV calculation will include:

• Balances in savings, current, and fixed deposit accounts
• Investments made through the bank
• 20% of outstanding retail loans
• 20% of demat holdings value
• Insurance premiums

Transition Timeline

HDFC Bank has outlined a clear transition plan for its customers:

• Customers enrolled before June 30, 2025, will transition to the new criteria from October 1, 2025
• New customers joining after July 1, 2025, will already be subject to the revised rules

Existing Eligibility Options

While introducing the new TRV requirement, HDFC Bank will maintain its current eligibility conditions, which include:

• ₹15.00 lakh quarterly balance in current accounts
• ₹10.00 lakh monthly balance in savings accounts
• ₹30.00 lakh combined monthly balance across accounts
• ₹3.00 lakh monthly salary credit

Imperia Benefits

The Imperia programme continues to offer a range of complimentary services to its members, including:

• Inter-branch transfers
• Cheque collection
• Duplicate statements
• Various banking certificates

This strategic move by HDFC Bank reflects the evolving landscape of premium banking services in India. By raising the bar for its Imperia programme, the bank aims to cater to a more exclusive segment of high-net-worth individuals while maintaining a diverse set of eligibility criteria to accommodate different customer profiles.

As the implementation date approaches, current and prospective Imperia customers will need to assess their financial positions to ensure they meet the new requirements or explore alternative premium banking options within HDFC Bank's portfolio.

HDFC Bank , one of India's leading private sector banks, marked a significant milestone as its shares commenced trading ex-bonus on Tuesday. The bank has issued bonus shares in a 1:1 ratio, representing its first bonus issue in over three decades of trading history.

Bonus Issue Details

The 1:1 bonus ratio means that shareholders will receive one additional share for every share they currently hold. This corporate action applies to shareholders who owned HDFC Bank shares as of Monday's market close. While the number of shares will double, the stock price is expected to adjust proportionally, ensuring that the overall value of shareholders' holdings remains unchanged.

Historical Context

This bonus issue is a notable event for HDFC Bank, being its first in more than 30 years of trading. However, the bank has previously undertaken other corporate actions to enhance shareholder value:

• Stock split in 2011
• Another stock split in 2019

Recent Stock Performance

Prior to the ex-bonus date, HDFC Bank's shares closed at ₹1,969.20 on Monday. The stock has shown mixed performance recently:

• Down 2.00% over the past month
• Up over 10.00% year-to-date

Market Impact

The bonus issue is likely to improve liquidity in HDFC Bank's shares, potentially making them more accessible to a broader range of investors. However, it's important to note that bonus issues do not directly affect the fundamental value of the company.

Other Corporate Actions in the Banking Sector

In related news, Karur Vysya Bank is also trading ex-bonus on the same day, with a different ratio:

• Bonus issue ratio: 1:5 (one bonus share for every five shares held)

This coincidence highlights the ongoing trend of Indian banks using corporate actions to reward shareholders and potentially enhance stock liquidity.

Investors and market participants will be closely watching how HDFC Bank's stock price adjusts to this significant corporate action in the coming trading sessions.