HDFC Bank , one of India's leading private sector banks, saw its shares decline by 1.8% to Rs 955.00 following a significant block deal involving 1.56 million shares. This transaction came on the heels of the bank's 1:1 bonus share issuance, which had a notable impact on the stock's trading dynamics.

Bonus Share Impact

The bonus issue, which took effect recently, doubled the number of outstanding shares of HDFC Bank. This corporate action proportionally reduced the stock price without affecting the bank's market capitalization or overall shareholder value. On Tuesday, the first day of trading post-bonus adjustment, HDFC Bank's stock opened approximately 62% lower than its pre-bonus closing price, reflecting the dilution effect of the bonus issue.

Trading Activity

In the wake of the bonus share adjustment, HDFC Bank's stock exhibited notable trading activity:

• The stock traded in a range between Rs 982.20 and Rs 986.30 on Tuesday.
• A block deal involving 1.56 million shares was executed, contributing to the day's price movement.
• The share price settled at Rs 955.00, marking a 1.8% decline from the previous close.

Strategic Implications

HDFC Bank's decision to issue bonus shares is part of a broader strategy aimed at:

1. Improving liquidity in the stock
2. Increasing retail investor participation

By making the shares more affordable through the bonus issue, HDFC Bank potentially widens its investor base and enhances the stock's accessibility to a broader range of market participants.

Market Reaction

The block deal, occurring just a day after the bonus share adjustment, suggests significant institutional activity in HDFC Bank's stock. However, details regarding the participants in this block deal were not disclosed, maintaining a level of anonymity typical in such transactions.

The market's reaction, as evidenced by the 1.8% decline, may reflect a combination of factors, including the absorption of the bonus issue impact and the large-volume transaction represented by the block deal.

As HDFC Bank navigates this period of adjusted trading post-bonus issue, investors and market analysts will likely keep a close eye on the stock's performance and liquidity metrics in the coming sessions to gauge the effectiveness of the bank's strategic move.

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.