HDFC Bank News

The positive momentum in the broader market saw the Sensex rise by 943.29 points, or 1.21 per cent, while the Nifty advanced 302.95 points, or 1.25 per cent, during the week.  

The bank’s interest income stood at Rs 87,182.50 crore during the quarter, marginally higher than Rs 87,066.94 crore in Q3 and Rs 86,779.34 crore a year ago.  

Speaking after the monetary policy announcement, the RBI governor said that based on regular supervision, there are no material concerns about the bank’s governance.

SBI Card, HDFC Bank and Axis Bank have announced changes in its reward structures. Here is all you know about the revision.

HDFC bank has revised its Marginal Cost of Funds based Lending Rate (MCLR) on select short-term tenors from today, while medium and long term tenors remain unchanged.

The bank’s gross advances rose around 17 per cent year-on-year (YoY) to nearly Rs 25 lakh crore as of March 31, compared to about Rs 21.4 lakh crore a year ago, according to an exchange filing.  

The decision was made at a Board meeting on March 23, with the law firms tasked with reviewing the contents of Chakraborty’s resignation and submitting their report within a reasonable timeframe, the bank said in an exchange filing.  

India’s equity markets witnessed a cautious week, with five of the top-10 most-valued companies together losing over Rs 1 lakh crore in market capitalisation.  

The exit, announced after market hours, came as a surprise and led to a sharp sell-off when trading resumed, highlighting the sensitivity around leadership changes at India’s largest private lender.  

Chakraborty had joined the bank’s board in 2021. In his resignation letter, he cited concerns over certain developments within the bank over the past two years.

In the domestic market, shares of the country’s largest private lender were among the top laggards, falling as much as 8.66 per cent to hit an intraday low of Rs 770, compared to the previous close of Rs 843.

Rising crude oil prices and growing concerns over inflation, along with the widening conflict in West Asia, dampened investor sentiment and triggered heavy selling across sectors. During the week, the Sensex plunged 4,354.98 points, or 5.51 per cent, while the Nifty dropped 1,299.35 points, or 5.31 per cent.

HDFC Bank has announced several updates to its rules to improve customer service. 

Unified Payment Interface (UPI) has expanded its services to include ATM cash withdrawals. Users can withdraw cash from ATMs via UPI apps.

In contrast, SBI and ICICI Bank lost 39 basis points and 34 basis points respectively due to sharper spending declines. 

Following a viral video of a heated exchange at an HDFC Bank in Kanpur, employee Aastha Singh has issued a clarification. Singh claimed the video, dated January 6, shows a personal dispute with a colleague's husband who "threatened" her, rather than a customer.  

Once your eligibility is confirmed, HDFC Bank will send you an SMS or email with a link to claim your lounge access voucher. You’ll need to verify your request by entering an OTP sent to your registered mobile number.

HDFC Bank has lowered fixed deposit interest rates for select tenures, specifically deposits ranging from 18 months to less than 21 months. The bank has cut rates by 15 basis points for both general and senior citizens. 

The approval was granted through a letter dated December 15 and will be valid for one year, until December 14, 2026.

Bharti Airtel, TCS, ICICI Bank, Infosys and Bajaj Finance recorded gains in their market capitalisation, while Reliance Industries, HDFC Bank, State Bank of India, Larsen & Toubro, and Life Insurance Corporation of India (LIC) saw a decline in their valuations.