HDFC Bank

News and Trends

HDFC Bank Gets RBI Approval for 9.5% Holding in IndusInd Bank

The central bank has specified that the total holding should not exceed 9.50 percent of the paid up share capital or voting rights of IndusInd Bank at any point in time.

News and Trends

Spacetech Startup Agnikul Cosmos Raises USD 17 Mn at USD 500 Mn Valuation

The round saw participation from a mix of family offices and institutional investors including Advenza Global Limited, Atharva Green Ecotech LLP, HDFC Bank, Artha Select Fund, Prathithi Ventures and 100X.VC.

News and Trends

AU Small Finance Bank Raises INR 770 Cr via Tier-II Bonds

HDFC Bank played a crucial role as the lead manager and anchor investor for this issuance, alongside Nippon India Mutual Fund.

News and Trends

Top Indian Banks Report Mixed Q3 FY25 Results Amid Economic Shifts

In the third quarter of fiscal year 2025, India's leading banks delivered a mixed financial performance, reflecting the evolving economic landscape. While some banks posted strong growth, others encountered challenges affecting profitability.

News and Trends

Amazon Web Services Plans USD 8.3 Bn Cloud Expansion in Mumbai Region

The investment is projected to contribute USD 15.3 billion to India's GDP and support over 81,300 full-time jobs annually within the local data center supply chain.

News and Trends

HDFC Capital Advisors to Invest $2 Billion by 2030 on Affordable Housing

HDFC Capital Advisors plans to invest in affordable housing worth $2 billion by 2025 end.

News and Trends

HDFC Bank's Gross Advances Reach INR 24.87 Lakh Crore in the Q1

HDFC Bank's gross advances increased by 52.6 per cent year-on-year (YoY) to INR 24.87 lakh crore in the quarter ending June 30

News and Trends

IFC Grants HDFC Bank USD 500 Mn to Ramp Up Microloans for Women Borrowers

The HDFC bank will use IFC's financing for on-lending as microloans to self-help groups (SHGs) and joint liability groups (JLGs) enrolled in the sustainable livelihoods initiative (SLI).

News and Trends

Biofuels Startup GPS Renewables Bags USD 50 Mn in Debt Financing

The Bengaluru-based company aims to deploy fresh funds for the nationwide execution of compressed biogas plants.

News and Trends

HDFC Bank Becomes Second Most Valuable Company

Reliance Industries is the country's most valued firm with a market valuation of INR 17,72,455.70 crore

News and Trends

Apple Is Planning To Launch Its Credit Card In India: Report

The report said that the tech giant held talks with HDFC bank to issue the 'Apple Cards' to Indian customers

News and Trends

RBI Approves Appointment Of Kaizad Bharucha And Bhavesh Zaveri

A meeting of the Board of Directors of the Bank will be convened in due course inter alia to give effect to the appointments

News and Trends

HDFC Bank To Launch New Payment Platform In Partnership With Startups

This includes the account opening journey, loan and cards, covering both individual or MSME customers and existing and new-to-bank customers

News and Trends

RBI Bars HDFC Bank From Acquiring New Credit Card Customers, Digital Launches

These strictures come on the back of several instances of technical glitches and outages on internet banking, mobile banking over the last two years

Technology

Fintech Lenders are Axing NPAs, But is a Digital Relation with Customers Enough?

Most fintech companies in India have not yet forayed into lending, but some have taken the bold step with promising result