HDFC Bank reduced its Marginal Cost of Funds Based Lending Rate (MCLR) by 10 basis points across all tenures, effective June 7. The new MCLR rates will range from 8.90% to 9.10%. This decision follows the Reserve Bank of India's recent 50 basis point cut in repo rate and 100 basis point reduction in Cash Reserve Ratio. The bank's share price increased by nearly 1% in response to this announcement. The MCLR reduction is expected to benefit both new and existing borrowers with potentially lower interest rates on loans.
HDFC Bank Refutes Fraud Allegations Against CEO, Calls Claims 'Malicious'
HDFC Bank has strongly denied allegations of financial fraud against its Managing Director and CEO, Sashidhar Jagdishan, made by the Lilavati Trust. The bank claims these accusations are part of a long-standing loan recovery dispute and are malicious and unfounded. HDFC Bank intends to pursue legal remedies to defend its CEO's and the institution's reputation. The bank's statement reflects full support for Jagdishan, who has been CEO since October 2020.
07Jun 25
HDFC Bank CEO Faces Legal Challenges Amid Fraud Allegations
HDFC Bank's CEO Sashidhar Jagdishan is facing demands for suspension and prosecution over alleged financial fraud of Rs 2.05 crore. The Lilavati Kirtilal Mehta Medical Trust has initiated legal action, resulting in an FIR against Jagdishan and seven others following a Magistrate Court order. The allegations involve claims of harassment-related payments. HDFC Bank has not yet issued an official response to these serious allegations, which could potentially impact the bank's reputation and investor confidence.
04Jun 25
HDFC Bank's HDB Financial Services Secures SEBI Nod for Rs 12,500 Crore IPO
SEBI has approved the IPO of HDB Financial Services, a subsidiary of HDFC Bank. The IPO aims to raise Rs 12,500 crore, consisting of a Rs 2,500 crore fresh issue and a Rs 10,000 crore offer for sale. This move aligns with RBI's requirement for upper-layer NBFCs to list by September 2025. The IPO could potentially unlock value for HDFC Bank shareholders and provide additional capital for the group's operations.
03Jun 25
HDFC Bank Secures SEBI Approval for HDB Financial Services IPO
HDFC Bank's subsidiary, HDB Financial Services, has received approval from SEBI for its Initial Public Offering (IPO). HDB Financial Services is a non-deposit taking NBFC offering various loan and asset finance solutions. This approval is a significant step in HDFC Bank's strategic expansion plans, potentially allowing the bank to unlock value from its subsidiary. The IPO could provide HDB Financial Services with access to public capital for market expansion and operational growth.
03Jun 25
HDFC Bank Sees Block Trade of 2 Lakh Shares Worth ₹38.77 Crore
A significant block trade of approximately 200,079 HDFC Bank shares occurred on the National Stock Exchange (NSE). The transaction was executed at ₹1,937.50 per share, totaling ₹38.77 crore. This large-scale trade could indicate institutional activity or changes in major shareholdings, potentially reflecting market sentiment towards HDFC Bank, one of India's leading private sector banks.
02Jun 25
HDFC Bank Revamps Credit Card Charges: New Fees from July 2025
HDFC Bank will introduce significant changes to its credit card fee structure effective July 1, 2025. Key changes include a 1% fee on monthly spends over ₹10,000 for online gaming and wallet loading (capped at ₹4,999/month), 1% fee on utility payments exceeding ₹50,000 for consumer cards and ₹75,000 for business cards, revised caps on rent, fuel, and education payment charges, and limitations on reward points for insurance transactions on most cards. These changes may impact cardholders' spending habits and rewards, particularly affecting heavy users of online gaming platforms, digital wallets, and those making large utility payments.
27May 25
HDFC Bank's Subsidiary HDB Financial on Verge of SEBI Approval for IPO
HDB Financial Services, a subsidiary of HDFC Bank, is reportedly close to obtaining approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). This development marks a significant step in the non-banking financial company's journey towards going public. The potential IPO could unlock value for HDFC Bank, provide capital infusion for HDB Financial, and potentially impact market perception of HDFC Bank's ability to nurture successful subsidiaries.
23May 25
HDFC Bank Revamps Lounge Access for Tata Neu Infinity Credit Card
HDFC Bank is implementing a new spend-based lounge access policy for Tata Neu Infinity Credit Card holders from June 10. Cardholders must spend Rs 50,000 per quarter to earn up to 8 complimentary domestic lounge visits annually, replacing the current swipe-based system. This change aims to reward higher-spending customers and may impact casual lounge users.
HDFC Bank Shares: Major Block Trade Worth Rs. 97.87 Crores Executed
HDFC Bank experienced a significant block trade on the NSE, involving 505,756 shares at Rs. 1,935.10 per share, totaling Rs. 97.87 crores. This large-scale transaction underscores the ongoing interest in HDFC Bank shares among major investors.
21Apr 25
HDFC Bank Reports Strong Q4 FY2023 Results with 6.7% Net Profit Growth and Improved Margins
HDFC Bank announced its Q4 FY2023 results, reporting a net profit of ₹17,616.10 crore, up 6.7% year-over-year. The bank's net interest income rose by 10.3%, while asset quality improved with Gross NPA ratio decreasing to 1.33% from 1.42%. The bank's board recommended a dividend of ₹22.00 per equity share. Analysts maintain a positive outlook on the stock, citing stable credit costs and improved margins.
19Apr 25
HDFC Bank Reports 6.7% Rise in Q4 Profit, Declares ₹22 Dividend for FY25
HDFC Bank announced Q4 FY2024-25 results with net profit up 6.7% to ₹17,616.00 crore. Full-year profit grew 10.7% to ₹67,347.00 crore. The bank declared a dividend of ₹22 per share. Net interest income rose 10.3% to ₹32,070.00 crore in Q4. Asset quality remained strong with gross NPAs at 1.33%. Total deposits increased by 14.1% to ₹27,14,715.00 crore, while gross advances grew 5.4% to ₹26,43,509.00 crore. The bank's distribution network expanded to 9,455 branches and 21,139 ATMs.
HDFC Bank reported a 7% year-on-year increase in net profit to ₹17,616.00 crore for Q4 FY25, surpassing market expectations. Net Interest Income grew 10% to ₹32,066.00 crore. Despite a slight increase in NPAs, asset quality remained strong with Gross NPA at 1.33% and Net NPA at 0.43%. Total deposits increased by 14.1% YoY to ₹27,147.00 billion, while gross advances grew 5.4% to ₹26,435.00 billion. The bank maintained a robust capital adequacy ratio of 19.6% and announced a dividend of ₹22.00 per equity share.
18Apr 25
HDFC Bank Poised for Q4 Results: Analysts Anticipate Steady Growth
HDFC Bank will release its Q4 FY2023-24 results on April 19. Analysts project a 2.50% to 7.00% year-on-year net profit growth and a 5.50% to 9.00% increase in Net Interest Income. The bank's asset quality and credit cost are expected to improve. Recent performance shows steady growth in key financial metrics, with Q3 FY24 reporting a 2.22% YoY increase in net profit and 7.02% growth in total revenue.
18Apr 25
HDFC Bank Sets Date for Q4 and FY25 Results, Board to Consider Dividend
HDFC Bank will announce its Q4 and FY25 financial results on April 19, 2025. The Board meeting on the same day will also consider dividend recommendations. An earnings call is scheduled for 6:00 PM. The bank has implemented a trading window closure for insiders from March 25 to April 21, 2025.