HDFCBANK
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HDFC Bank Re-Appoints Kaizad Bharucha As Deputy Managing Director
Oct 30 (Reuters) - HDFC Bank Ltd HDBK.NS:
HDFC BANK - RE-APPOINTMENT OF MR. KAIZAD BHARUCHA AS DEPUTY MANAGING DIRECTOR
Source text: ID:nBSE1zZC54
Further company coverage: HDBK.NS
(([email protected];))
Oct 30 (Reuters) - HDFC Bank Ltd HDBK.NS:
HDFC BANK - RE-APPOINTMENT OF MR. KAIZAD BHARUCHA AS DEPUTY MANAGING DIRECTOR
Source text: ID:nBSE1zZC54
Further company coverage: HDBK.NS
(([email protected];))
India's October retail inflation to plunge to record low, HDFC Bank says
India's HDFC Bank expects Oct retail inflation to plunge to its lowest-ever level
"As per our preliminary estimates, we are tracking the October CPI print in the range of 0.2%-0.5%," principal economist Sakshi Gupta says
Says if food prices decline faster or if GST rate cut pass-through is higher than 50% on average, there is possibility that CPI may be zero or marginally negative
CPI ex-gold for Oct already in negative zone
Bank revised FY inflation forecast to 2%-2.2% from 2.5%, views Nov inflation to be below 1%
Retail inflation in Sept at 1.54%, lowest level in eight years
Current and forward-looking inflation trajectory raises chance of 25 bps Dec rate cut - HDFC
(Reporting by Dharamraj Dhutia)
India's HDFC Bank expects Oct retail inflation to plunge to its lowest-ever level
"As per our preliminary estimates, we are tracking the October CPI print in the range of 0.2%-0.5%," principal economist Sakshi Gupta says
Says if food prices decline faster or if GST rate cut pass-through is higher than 50% on average, there is possibility that CPI may be zero or marginally negative
CPI ex-gold for Oct already in negative zone
Bank revised FY inflation forecast to 2%-2.2% from 2.5%, views Nov inflation to be below 1%
Retail inflation in Sept at 1.54%, lowest level in eight years
Current and forward-looking inflation trajectory raises chance of 25 bps Dec rate cut - HDFC
(Reporting by Dharamraj Dhutia)
India's HDFC Life posts quarterly profit rise on retail insurance demand
BENGALURU, Oct 15 (Reuters) - India's HDFC Life Insurance HDFL.NS reported a higher second-quarter profit on Wednesday, driven by strong demand for retail insurance products and a pickup in market-linked plans.
Net premium income for the quarter rose 13% to 187.77 billion rupees ($2.13 billion), supported by an 11% increase in one-time premiums, and a 17% growth in premiums from older policies which were renewed.
However, commission paid for sales jumped 25%, hitting the bottom line.
The insurer's net profit rose 3.3% year-on-year to 4.47 billion rupees for the quarter ended September 30.
Analysts said that robust retail demand for life insurance helped HDFC Life in July–September while demand for market-linked products also recovered.
Market-linked policies, which generate lower margins, made up 42% of HDFC Life’s product mix at September-end, up from 36% a year earlier, and 38% at the end of June.
The value of new business rose nearly 8% to 10.09 billion rupees, according to a Reuters' calculation. The margin on the new business value stood at 24.5%, down from 25% at June-end.
Annual premium equivalent sales — a key metric of new policy growth — rose 10% to 74.13 billion rupees for the half year.
Analysts have warned that the government's move to cut goods and services tax on life insurance products to 0% from 18% could weigh on insurers' profitability in the coming quarters.
While the tax cut improves affordability for customers and may aid volume growth, it eliminates insurers’ ability to claim input tax credit on services used to deliver these products.
Shares of HDFC Life ended 2.4% higher ahead of the results.
($1 = 88.0190 Indian rupees)
(Reporting by Nishit Navin; Editing by Eileen Soreng and Mrigank Dhaniwala)
(([email protected];))
BENGALURU, Oct 15 (Reuters) - India's HDFC Life Insurance HDFL.NS reported a higher second-quarter profit on Wednesday, driven by strong demand for retail insurance products and a pickup in market-linked plans.
Net premium income for the quarter rose 13% to 187.77 billion rupees ($2.13 billion), supported by an 11% increase in one-time premiums, and a 17% growth in premiums from older policies which were renewed.
However, commission paid for sales jumped 25%, hitting the bottom line.
The insurer's net profit rose 3.3% year-on-year to 4.47 billion rupees for the quarter ended September 30.
Analysts said that robust retail demand for life insurance helped HDFC Life in July–September while demand for market-linked products also recovered.
Market-linked policies, which generate lower margins, made up 42% of HDFC Life’s product mix at September-end, up from 36% a year earlier, and 38% at the end of June.
The value of new business rose nearly 8% to 10.09 billion rupees, according to a Reuters' calculation. The margin on the new business value stood at 24.5%, down from 25% at June-end.
Annual premium equivalent sales — a key metric of new policy growth — rose 10% to 74.13 billion rupees for the half year.
Analysts have warned that the government's move to cut goods and services tax on life insurance products to 0% from 18% could weigh on insurers' profitability in the coming quarters.
While the tax cut improves affordability for customers and may aid volume growth, it eliminates insurers’ ability to claim input tax credit on services used to deliver these products.
Shares of HDFC Life ended 2.4% higher ahead of the results.
($1 = 88.0190 Indian rupees)
(Reporting by Nishit Navin; Editing by Eileen Soreng and Mrigank Dhaniwala)
(([email protected];))
Tepid loan demand, compressed margins to drag Indian banks' quarterly results
By Bharath Rajeswaran and Nishit Navin
BENGALURU, Oct 9 (Reuters) - Indian banks are poised to report subdued earnings for the September quarter, weighed down by tepid loan demand across retail and corporate segments and margin contraction due to rate cuts by the central bank, analysts said.
The Reserve Bank of India has lowered its interest rate by 100 basis points this year to revive consumption and investment amid a slowing economy. Rate cuts tend to squeeze banks' margins in the short term, as lenders reduce loan rates faster than they adjust deposit rates.
Analysts forecast private banks to post a year-on-year decline in profit in the September quarter, while net interest income (NII) may see only a marginal uptick.
Sector-wide profit is forecast to fall 7%-12% year-on-year in the quarter, with state-owned banks underperforming larger peers.
Jefferies estimates profits of large banks will fall 12% year-on-year, after posting an 8% growth in the year-ago quarter and a marginal 2% growth in the June quarter.
The brokerage forecasts 5% drop in profit for private lenders and a 20% decline for public sector banks. It expects loan growth at roughly 11% and a flat NII.
Axis Bank AXBK.NS will kick off the banking sector earnings on October 15, followed by Federal Bank FED.NS, ICICI Bank ICBK.NS, IDFC Bank IDFB.NS, IndusInd Bank INBK.NS later in the week.
"Asset quality trends are likely to remain stable due to controlled slippages and robust provision coverage ratios," said Nitin Aggarwal of Motilal Oswal.
Nomura added that stress in unsecured retail and microfinance portfolios remains elevated but delinquency trends are improving, although a gradual profit recovery is likely from the second half of fiscal 2026.
Loan growth is expected to remain muted at around 10% in the September quarter, with corporate and big-ticket retail demand still soft.
Rising bond yields are also likely to weigh on treasury income. "With bond yields rising, treasury gains will not cushion earnings in the September quarter," Axis Securities said.
Analysts expect a recovery from the second half of fiscal year 2026, driven by stronger consumption, government tax relief, and faster growth in unsecured credit.
"We expect the September quarter to mark a turning point, with earnings momentum improving from the December quarter onwards as margin pressure eases and asset quality trends strengthen," said Ankit Bihani, analyst at Nomura.
With the RBI keeping rates unchanged in recent meetings, banks' margins are expected to get some relief from the ongoing quarter as borrowing costs fall and deposit rates adjust.
Banks .NSEBANK, private lenders .NIFPVTBNK and state-owned banks .NIFTYPSU have gained 10.1%, 10.6% and 15% year-to-date, outperforming the Nifty 50's .NSEI 6% rise.
India's banking stocks outperform benchmark Nifty 50 in 2025 so far https://reut.rs/3L0MOek
Brokerages expect profit after tax (PAT) of India's banks to decline in Q2 https://reut.rs/4nTdNXK
What brokerages expect from Q2 earnings of India's key lenders https://reut.rs/46XpMwd
(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)
(([email protected]; +91 8340791532))
By Bharath Rajeswaran and Nishit Navin
BENGALURU, Oct 9 (Reuters) - Indian banks are poised to report subdued earnings for the September quarter, weighed down by tepid loan demand across retail and corporate segments and margin contraction due to rate cuts by the central bank, analysts said.
The Reserve Bank of India has lowered its interest rate by 100 basis points this year to revive consumption and investment amid a slowing economy. Rate cuts tend to squeeze banks' margins in the short term, as lenders reduce loan rates faster than they adjust deposit rates.
Analysts forecast private banks to post a year-on-year decline in profit in the September quarter, while net interest income (NII) may see only a marginal uptick.
Sector-wide profit is forecast to fall 7%-12% year-on-year in the quarter, with state-owned banks underperforming larger peers.
Jefferies estimates profits of large banks will fall 12% year-on-year, after posting an 8% growth in the year-ago quarter and a marginal 2% growth in the June quarter.
The brokerage forecasts 5% drop in profit for private lenders and a 20% decline for public sector banks. It expects loan growth at roughly 11% and a flat NII.
Axis Bank AXBK.NS will kick off the banking sector earnings on October 15, followed by Federal Bank FED.NS, ICICI Bank ICBK.NS, IDFC Bank IDFB.NS, IndusInd Bank INBK.NS later in the week.
"Asset quality trends are likely to remain stable due to controlled slippages and robust provision coverage ratios," said Nitin Aggarwal of Motilal Oswal.
Nomura added that stress in unsecured retail and microfinance portfolios remains elevated but delinquency trends are improving, although a gradual profit recovery is likely from the second half of fiscal 2026.
Loan growth is expected to remain muted at around 10% in the September quarter, with corporate and big-ticket retail demand still soft.
Rising bond yields are also likely to weigh on treasury income. "With bond yields rising, treasury gains will not cushion earnings in the September quarter," Axis Securities said.
Analysts expect a recovery from the second half of fiscal year 2026, driven by stronger consumption, government tax relief, and faster growth in unsecured credit.
"We expect the September quarter to mark a turning point, with earnings momentum improving from the December quarter onwards as margin pressure eases and asset quality trends strengthen," said Ankit Bihani, analyst at Nomura.
With the RBI keeping rates unchanged in recent meetings, banks' margins are expected to get some relief from the ongoing quarter as borrowing costs fall and deposit rates adjust.
Banks .NSEBANK, private lenders .NIFPVTBNK and state-owned banks .NIFTYPSU have gained 10.1%, 10.6% and 15% year-to-date, outperforming the Nifty 50's .NSEI 6% rise.
India's banking stocks outperform benchmark Nifty 50 in 2025 so far https://reut.rs/3L0MOek
Brokerages expect profit after tax (PAT) of India's banks to decline in Q2 https://reut.rs/4nTdNXK
What brokerages expect from Q2 earnings of India's key lenders https://reut.rs/46XpMwd
(Reporting by Nishit Navin and Bharath Rajeswaran; Editing by Eileen Soreng)
(([email protected]; +91 8340791532))
MEDIA-EQT-backed Credila Financial is said to reassess IPO plans on US visa rules- Bloomberg News
-- Source link: https://tinyurl.com/2bu9kmyq
-- Note: Reuters has not verified this story and does not vouch for its accuracy
((Bengaluru newsroom, [email protected]))
-- Source link: https://tinyurl.com/2bu9kmyq
-- Note: Reuters has not verified this story and does not vouch for its accuracy
((Bengaluru newsroom, [email protected]))
India's HDFC Bank leads benchmark gains after strong quarterly update
** Shares of top private lender HDFC Bank HDBK.NS rise as much as 1.2% to 976.45 rupees, leading gains in Nifty .NSEI and Sensex .BSESN
** Nifty, Sensex up about 0.4% each
** Gross advances up 9.9% Y/Y in September quarter, while AUM jumps 8.9% - HDBK in pre-quarter business update
** HDBK's loan growth improved further to 10%, showing a reasonable improvement of 5% in 2 quarters, say Prakhar Sharma and Vinayak Agrawal, analysts at Jefferies
** Gross advances growth demonstrates significant momentum and exceeded expectations - Citi Research
** Stock rated "buy" on average by 38 analysts; median PT is 1,145 rupees - data compiled by LSEG
** YTD, HDBK up 9.2% vs 5.7% rise in Nifty
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of top private lender HDFC Bank HDBK.NS rise as much as 1.2% to 976.45 rupees, leading gains in Nifty .NSEI and Sensex .BSESN
** Nifty, Sensex up about 0.4% each
** Gross advances up 9.9% Y/Y in September quarter, while AUM jumps 8.9% - HDBK in pre-quarter business update
** HDBK's loan growth improved further to 10%, showing a reasonable improvement of 5% in 2 quarters, say Prakhar Sharma and Vinayak Agrawal, analysts at Jefferies
** Gross advances growth demonstrates significant momentum and exceeded expectations - Citi Research
** Stock rated "buy" on average by 38 analysts; median PT is 1,145 rupees - data compiled by LSEG
** YTD, HDBK up 9.2% vs 5.7% rise in Nifty
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
HDFC Bank Senior Management Executive Rahul Shyam Shukla Resigns, Effective October 1, 2025
HDFC Bank Limited has announced that Rahul Shyam Shukla, a member of its senior management team, has resigned from his position, effective October 1, 2025. The bank has accepted his resignation and will proceed with necessary management changes.
HDFC Bank Limited has announced that Rahul Shyam Shukla, a member of its senior management team, has resigned from his position, effective October 1, 2025. The bank has accepted his resignation and will proceed with necessary management changes.
HDFC Bank Ltd - Rahul Shyam Shukla Resigns As Senior Management Personnel
Oct 1 (Reuters) - HDFC Bank Ltd HDBK.NS:
HDFC BANK LTD - RAHUL SHYAM SHUKLA RESIGNS AS SENIOR MANAGEMENT PERSONNEL
Source text: ID:nNSE74ygT6
Further company coverage: HDBK.NS
Oct 1 (Reuters) - HDFC Bank Ltd HDBK.NS:
HDFC BANK LTD - RAHUL SHYAM SHUKLA RESIGNS AS SENIOR MANAGEMENT PERSONNEL
Source text: ID:nNSE74ygT6
Further company coverage: HDBK.NS
BREAKINGVIEWS-Walmart's PhonePe ought to get a bit of credit
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Sept 29 (Reuters Breakingviews) - India's financial technology startups are lining up for credit. Among them is Walmart-backed WMT.N payments champion PhonePe, which on Wednesday said it has confidentially filed for an initial public offering in Mumbai. A mooted $15 billion valuationlooks punchy, but its shot at grabbing the ultimate fintech prize in the country is half decent.
The U.S. retailer owns about 84% of the startup, which it acquired as part of its 2018 acquisition of e-commerce platform Flipkart. PhonePe's target valuation would imply a multiple of 13 times sales for the year to end March 2026, assuming its topline grows at the same 40% pace as it did in the previous year. That compares to 9 times Paytm-owner One97 Communications PAYT.NS commands among investors.
PhonePe is superior in multiple ways. Though Paytm swung to profit in the June quarter, PhonePe's losses are narrowing and it has faced none of the regulatory heat that has mired its rival. The Walmart unit also enjoys a 46% share in transactions passing through India's homegrown bank-to-bank mobile payments system, where its closest competitor is an application owned by Alphabet's GOOGL.O Google.
Yet simple payment transactions earn no fees in India. To profit, PhonePe needs to gradually convert its 200 million monthly active users and 40 million-strong merchant network into customers of financial products, from loans to insurance and mutual funds.
It's a promise that Paytm is starting to realise. Its revenue from financial services distribution doubled during the year to end June and accounted for 29% of its quarterly topline. PhonePe, by virtue of its bigger share of payments, ought to have a larger database spanning utility bill payments to restaurant outings that it can leverage to decide who is creditworthy.
The upstart will probably churn out a different, slightly lower, class of customer to those chased by India's traditional lenders, including HDFC Bank HDBK.NS and ICICI Bank ICBK.NS. They already have strong digital sourcing engines, however, so there will be some overlap in who they target. And the $72 billion Bajaj Finance BJFN.NS has a formidable grip on the consumer loan market too that's proven hard to break.
Yet if India is to produce anything like a real fintech winner, PhonePe is more than likely to be it.
Follow Shritama Bose on Linkedin and X.
CONTEXT NEWS
Walmart-backed Indian fintech firm PhonePe on September 24 said it has confidentially filed for a Mumbai initial public offering.
The company plans to raise around 120 billion rupees ($1.35 billion) through a sale of existing shares, Moneycontrol reported on the same day, citing unnamed industry sources. Walmart, Tiger Global and Microsoft could sell a combined 10% stake in the IPO, the report added.
PhonePe narrowed losses during the year ended March 31 to 17.3 billion rupees ($194.7 million) from 19.96 billion rupees ($225 million) in the previous 12-month period, the company said in a regulatory filing on September 22.
PhonePe and Google form a payments duopoly in India https://www.reuters.com/graphics/BRV-BRV/egvbqgdnbpq/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Sept 29 (Reuters Breakingviews) - India's financial technology startups are lining up for credit. Among them is Walmart-backed WMT.N payments champion PhonePe, which on Wednesday said it has confidentially filed for an initial public offering in Mumbai. A mooted $15 billion valuationlooks punchy, but its shot at grabbing the ultimate fintech prize in the country is half decent.
The U.S. retailer owns about 84% of the startup, which it acquired as part of its 2018 acquisition of e-commerce platform Flipkart. PhonePe's target valuation would imply a multiple of 13 times sales for the year to end March 2026, assuming its topline grows at the same 40% pace as it did in the previous year. That compares to 9 times Paytm-owner One97 Communications PAYT.NS commands among investors.
PhonePe is superior in multiple ways. Though Paytm swung to profit in the June quarter, PhonePe's losses are narrowing and it has faced none of the regulatory heat that has mired its rival. The Walmart unit also enjoys a 46% share in transactions passing through India's homegrown bank-to-bank mobile payments system, where its closest competitor is an application owned by Alphabet's GOOGL.O Google.
Yet simple payment transactions earn no fees in India. To profit, PhonePe needs to gradually convert its 200 million monthly active users and 40 million-strong merchant network into customers of financial products, from loans to insurance and mutual funds.
It's a promise that Paytm is starting to realise. Its revenue from financial services distribution doubled during the year to end June and accounted for 29% of its quarterly topline. PhonePe, by virtue of its bigger share of payments, ought to have a larger database spanning utility bill payments to restaurant outings that it can leverage to decide who is creditworthy.
The upstart will probably churn out a different, slightly lower, class of customer to those chased by India's traditional lenders, including HDFC Bank HDBK.NS and ICICI Bank ICBK.NS. They already have strong digital sourcing engines, however, so there will be some overlap in who they target. And the $72 billion Bajaj Finance BJFN.NS has a formidable grip on the consumer loan market too that's proven hard to break.
Yet if India is to produce anything like a real fintech winner, PhonePe is more than likely to be it.
Follow Shritama Bose on Linkedin and X.
CONTEXT NEWS
Walmart-backed Indian fintech firm PhonePe on September 24 said it has confidentially filed for a Mumbai initial public offering.
The company plans to raise around 120 billion rupees ($1.35 billion) through a sale of existing shares, Moneycontrol reported on the same day, citing unnamed industry sources. Walmart, Tiger Global and Microsoft could sell a combined 10% stake in the IPO, the report added.
PhonePe narrowed losses during the year ended March 31 to 17.3 billion rupees ($194.7 million) from 19.96 billion rupees ($225 million) in the previous 12-month period, the company said in a regulatory filing on September 22.
PhonePe and Google form a payments duopoly in India https://www.reuters.com/graphics/BRV-BRV/egvbqgdnbpq/chart.png
(Editing by Una Galani; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
UAE regulator bars HDFC Bank from taking on new customers at its Dubai branch
NEW DELHI, Sept 27 (Reuters) - HDFC Bank HDBK.NS said that its Dubai International Financial Centre (DIFC) branch has been ordered to stop onboarding or soliciting new clients by a United Arab Emirates regulator.
Dubai Financial Services Authority's order has been in effect from September 26 and will remain "until otherwise amended or revoked," the bank said late on Friday.
"The bank has already initiated necessary steps to comply with the directives in the above-referred notice and is committed to work with the DFSA to promptly remediate and address the DFSA concerns at the earliest," HDFC said in a statement.
As on September 23, the its DIFC Branch has
1,489 customers, including joint holders, it said.
The bank said the order does not have any "material impact" with respect to the overall operations or financial position of the bank.
HDFC Bank said the prohibition does not apply to
the continued servicing of existing customers of the DIFC Branch.
(Reporting by Aftab Ahmed; Editing by Kim Coghill)
(([email protected]; +91 99109 33884;))
NEW DELHI, Sept 27 (Reuters) - HDFC Bank HDBK.NS said that its Dubai International Financial Centre (DIFC) branch has been ordered to stop onboarding or soliciting new clients by a United Arab Emirates regulator.
Dubai Financial Services Authority's order has been in effect from September 26 and will remain "until otherwise amended or revoked," the bank said late on Friday.
"The bank has already initiated necessary steps to comply with the directives in the above-referred notice and is committed to work with the DFSA to promptly remediate and address the DFSA concerns at the earliest," HDFC said in a statement.
As on September 23, the its DIFC Branch has
1,489 customers, including joint holders, it said.
The bank said the order does not have any "material impact" with respect to the overall operations or financial position of the bank.
HDFC Bank said the prohibition does not apply to
the continued servicing of existing customers of the DIFC Branch.
(Reporting by Aftab Ahmed; Editing by Kim Coghill)
(([email protected]; +91 99109 33884;))
India New Issue-HDB Financial Services to reissue near 3-year bonds, bankers say
MUMBAI, Sept 23 (Reuters) - India's HDB Financial Services plans to raise up to 5 billion rupees ($56.45 million), including a greenshoe option of 4 billion rupees, through the reissue of its 7.3274% August 2028 bond, three bankers said on Tuesday.
It will offer a yield of 7.3150%, and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial Services Reissue | 2 years and 11 months | 7.3150 (yield) | 1+4 | September 24 | AAA (Crisil, Care) |
Godrej Seeds and Genetics | STRPP | To be decided | 10 | September 24 | AA (Icra) |
Solar Energy Corp | 10 years | To be decided | 3+3 | September 25 | AAA (Care, ICRA) |
Knowledge Realty Trust | 3 years | 7.20 (quarterly) | 16 | September 25 | AAA (Crisil, ICRA) |
*Size includes base plus greenshoe for some issues
($1 = 88.5770 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia)
MUMBAI, Sept 23 (Reuters) - India's HDB Financial Services plans to raise up to 5 billion rupees ($56.45 million), including a greenshoe option of 4 billion rupees, through the reissue of its 7.3274% August 2028 bond, three bankers said on Tuesday.
It will offer a yield of 7.3150%, and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial Services Reissue | 2 years and 11 months | 7.3150 (yield) | 1+4 | September 24 | AAA (Crisil, Care) |
Godrej Seeds and Genetics | STRPP | To be decided | 10 | September 24 | AA (Icra) |
Solar Energy Corp | 10 years | To be decided | 3+3 | September 25 | AAA (Care, ICRA) |
Knowledge Realty Trust | 3 years | 7.20 (quarterly) | 16 | September 25 | AAA (Crisil, ICRA) |
*Size includes base plus greenshoe for some issues
($1 = 88.5770 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia)
India New Issue-HDB Financial Services to issue near 3-year bonds, bankers say
MUMBAI, Sept 11 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 5 billion rupees ($56.7 million) through the sale of bonds maturing in two years and 11 months, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial | 2 years and 11 months | 7.3274 | 5 | September 11 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.1200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, Sept 11 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 5 billion rupees ($56.7 million) through the sale of bonds maturing in two years and 11 months, three bankers said on Thursday.
It has invited coupon and commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial | 2 years and 11 months | 7.3274 | 5 | September 11 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 88.1200 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
FUNDVIEW-India's HDFC AMC positive on short-term corporate bonds, executive says
HDFC Bank Announces Resignation of Chief of Internal Vigilance, Sachin Suryakant Rane, Effective September 2025
HDFC Bank Announces 1:1 Bonus Share Allotment, Doubling Share Capital
India New Issue-HDB Financial Services to raise 5 billion rupees via bonds, bankers say
HDFC Bank Limited Conducted E-Voting on Resolutions
S&P Upgrades HDFC Bank's Credit Rating to BBB/Stable/A-2 Following India's Sovereign Rating Boost
HDFC Bank Approves 1:1 Bonus Share Issue Following RBI Approval
India New Issue-HDB Financial to issue over 3-year bonds, bankers say
VinFast Auto Ltd. Partners with HDFC Bank to Offer Comprehensive EV Financing Solutions in India
India New Issue-HDB Financial accepts bids for bond reissue, bankers say
India File: Tariff blow unlikely to deter US firms
HDFC Bank Announces 1:1 Bonus Share Issuance Following Board Approval
HDFC Bank Limited Releases Transcript of Q1 FY26 Earnings Conference Call
BREAKINGVIEWS-Top Indian bank's share sale hardly moves needle
INDIA STOCKS-HDFC Bank, ICICI Bank lead India's stock benchmarks higher, Reliance caps gains
India's HDFC Bank reports 12.2% profit growth in Q1 due to higher interest income
PREVIEW- India's HDFC Bank falls ahead of quarterly results
India's HDFC Bank to consider issuing bonus shares
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Shareholdings
What does HDFC Bank do?
HDFC Bank together with its subsidiaries is engaged in providing a range of banking and financial services, including retail banking, wholesale banking, treasury operations, insurance, asset management, stock broking and other financial services business. The Bank has overseas branch operations in Bahrain, Hong Kong, Dubai, Singapore and an Offshore Banking Unit at International Financial Service Centre (IFSC), GIFT City, India. The bank has three key business segments: Wholesale Banking, Treasury and Retail Banking.
Who are the competitors of HDFC Bank?
HDFC Bank major competitors are ICICI Bank, SBI, Kotak Mahindra Bank, Axis Bank, Yes Bank, IDFC First Bank, Indusind Bank. Market Cap of HDFC Bank is ₹15,20,829 Crs. While the median market cap of its peers are ₹3,85,689 Crs.
Is HDFC Bank financially stable compared to its competitors?
HDFC Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does HDFC Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. HDFC Bank latest dividend payout ratio is 23.78% and 3yr average dividend payout ratio is 23.32%
How has HDFC Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like loans. However relatively unproductive allocation like cash and Gov Securities has also increased.
How strong is HDFC Bank balance sheet?
Latest balance sheet of HDFC Bank is strong. Strength was visible historically as well.
Is the profitablity of HDFC Bank improving?
Yes, profit is increasing. The profit of HDFC Bank is ₹75,079 Crs for TTM, ₹70,792 Crs for Mar 2025 and ₹64,062 Crs for Mar 2024.
Is HDFC Bank stock expensive?
HDFC Bank is not expensive. Latest PE of HDFC Bank is 21.02 while 3 year average PE is 21.32. Also latest Price to Book of HDFC Bank is 2.8 while 3yr average is 3.11.
Has the share price of HDFC Bank grown faster than its competition?
HDFC Bank has given better returns compared to its competitors. HDFC Bank has grown at ~14.07% over the last 10yrs while peers have grown at a median rate of 10.07%
Is the promoter bullish about HDFC Bank?
There is Insufficient data to gauge this.
Are mutual funds buying/selling HDFC Bank?
The mutual fund holding of HDFC Bank is increasing. The current mutual fund holding in HDFC Bank is 26.02% while previous quarter holding is 25.61%.