RBI allows HDFC Bank group to buy up to 9.5% stakes in ICICI Bank, 5 others
HDFC Bank, the country's largest private lender, will acquire stakes in Axis Bank, ICICI Bank, YES Bank, Suryoday Small Finance Bank, IndusInd Bank, and Bandhan Bank
HDFC Bank, the country's largest private lender, will acquire stakes in Axis Bank, ICICI Bank, YES Bank, Suryoday Small Finance Bank, IndusInd Bank, and Bandhan Bank
State Bank of India (SBI) , the Public Sector Banking and Financial services company remains among top picks of Centrum with target price of Rs.665 indicating more than 9% upside for the stock from current market price of close to Rs. 608
The bank has reduced FD rates by up to 25 basis points (bps) on some tenures
The Mumbai-bench of the National Company Law Tribunal (NCLT) had given its clearance to the HDFC-HDFC Bank merger in an order issued on March 17
The net profit however missed street estimates. Analysts had forecast a profit of ₹13,212 crore, according to Refinitiv data
Net interest income (NII) jumped by 23.7% to f 23,351.8 crore in the quarter under review
The benchmark equity indices rallied over 2.5 per cent in the morning trade on Monday as the merger announcement of HDFC Ltd and HDFC Bank