Company Profile

HDFC BANK LTD.

NSE : HDFCBANKBSE : 500180ISIN CODE : INE040A01034Industry : Bank - PrivateHouse : HDFC
BSE1074.20-15.5 (-1.42 % )
PREV CLOSE (Rs.) 1089.70
OPEN PRICE (Rs.) 1090.70
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 454526
TODAY'S LOW / HIGH (Rs.)1069.80 1100.00
52 WK LOW / HIGH (Rs.)738.9 1304.1
NSE1073.95 -15.45 (-1.42 % )
PREV CLOSE(Rs.) 1089.40
OPEN PRICE (Rs.) 1093.00
BID PRICE (QTY) 1073.95 (889 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 13798879
TODAY'S LOW / HIGH(Rs.) 1070.00 1095.80
52 WK LOW / HIGH (Rs.)738.75 1305.5

Company News

Date Heading Details
03-Jul-2020 HDFC Bank extends digital auto loan offering to 1,000 cities across country <p align="justify">HDFC Bank is extending its digital auto loans product, which delivers credit in less than 10 seconds, to 1,000 cities across the country. The declaration comes at a time when the recent data from auto industry has suggested a surge in sales in non-metro areas, which are less impacted by the COVID-19 infections. The product is available for bank customers with a pre-approved offer, and the bank claimed that it is the fastest online auto loan offering. Digital platforms will play an increasingly important role as India opens up further, post the lockdown.<p align="justify">HDFC Bank is one of India's premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</p>
22-Jun-2020 HDFC Bank gets nod to raise Rs 50,000 crore in next 12 months <p align="justify">HDFC Bank's board has approved the issue of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode. The Board of Directors of the Bank, at its meeting held on June 20, 2020, has approved the same. </p><p align="justify">HDFC Bank is one of India's premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. </p><p align="justify"><br></p>
22-Jun-2020 Glenmark Pharmaceuticals, Cipla and Coal India to see some action today <p align="justify"><strong>Glenmark Pharmaceuticals</strong> has received the manufacturing and marketing approval from India's drug regulator to launch the oral antiviral drug Favipiravir (FabiFlu) for the treatment of mild to moderate COVID-19 patients in India. This approval has been granted based on evaluation of data and in consultation with the Subject Expert Committee, as part of accelerated approval process, considering the emergency situation and unmet medical need of the COVID-19 outbreak.</p><p align="justify"><strong>Cipla</strong> has launched remdesivir under its brand name CIPREMI. The USFDA issued an Emergency Use Authorization (EUA) to Gilead Sciences Inc. for emergency use of remdesivir for the treatment of hospitalized 2019 coronavirus disease (COVID-19) patients. It is the only USFDA approved Emergency Use Authorisation (EUA) treatment for adult and paediatric patients hospitalized with suspected or laboratory confirmed COVID-19 infection. In May, Gilead Sciences Inc. extended a voluntary non-exclusive license to Cipla to manufacture and market Cipla's generic version of remedisvir called CIPREMI.</p><p align="justify"><strong>Coal India's</strong> subsidiary-- Mahanadi Coalfields (MCL) has laid out an investment of about Rs 60,000 crore in Odisha, with Rs 31,000 crore to be spent for mining and social infrastructure development by 2023-24. The company targets to increase its coal production capacity to 300 million tonnes with investment in the acquisition of land for three new MDO (mine, develop and operate) projects, namely Siarmal (50 million tonne per year) in Ib Valley, Subhadra (25 MTY) and Balbhadra North (10 MTY) in Talcher coalfields, as well as the expansion of existing projects. </p><p align="justify"><strong>Yes Bank</strong> has partnered with fintech startup Affordplan to launch a co-branded health card to address healthcare needs. The co-branded healthcare card will enable families to plan and manage their finances for their healthcare needs. In addition, Yes Bank's wallet has also been integrated on Affordplan Swasth to enable wallet QR scan for making payments to merchant partners empanelled on the app.</p><p align="justify"><strong>Puravankara</strong> will invest around Rs 1,100 crore to develop two new housing projects in Bengaluru as the company has decided to continue with planned projects despite the COVID-19 pandemic. It planned to launch these two projects in January-March quarter of the last fiscal, but deferred it because of the coronavirus outbreak in India and the subsequent nationwide lockdown imposed on March 25.</p><p align="justify"><strong>HDFC Bank's</strong> board has approved the issue of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode. The Board of Directors of the Bank, at its meeting held on June 20, 2020, has approved the same. </p><p align="justify"><strong>Piramal Enterprises'</strong> pharma solutions business, a leading Contract Development and Manufacturing Organization (CDMO), has entered into an agreement with G&amp;W Laboratories Inc. to acquire its solid oral dosage drug product manufacturing facility located in Sellersville, Pennsylvania. According to the terms of the agreement, the company, through one of its Affiliates, would acquire at closing a 100% stake in G&amp;W PA Laboratories LLC (G&amp;W PA) in an all-cash deal for a total consideration of $17.5 million. This acquisition broadens the offering of Piramal Pharma Solutions (PPS) by adding solid oral dosage form capabilities (tablets and capsules) in North America.</p><p align="justify"><br></p>
22-Jun-2020 HDFC Bank inches up on getting nod to raise Rs 50,000 crore in next 12 months <p align="justify">HDFC Bank is currently trading at Rs. 1038.60, up by 4.95 points or 0.48% from its previous closing of Rs. 1033.65 on the BSE.</p><p align="justify">The scrip opened at Rs. 1023.00 and has touched a high and low of Rs. 1045.20 and Rs. 1023.00 respectively. So far 13027 shares were traded on the counter.</p><p align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1304.10 on 19-Dec-2019 and a 52 week low of Rs. 738.90 on 24-Mar-2020.</p><p align="justify">Last one week high and low of the scrip stood at Rs. 1045.20 and Rs. 942.65 respectively. The current market cap of the company is Rs. 567502.64 crore.</p><p align="justify">The promoters holding in the company stood at 26.14%, while Institutions and Non-Institutions held 58.65% and 15.21% respectively.</p><p align="justify">HDFC Bank's board has approved the issue of Perpetual Debt Instruments (part of Additional Tier I capital), Tier II Capital Bonds and Long Term Bonds (financing of infrastructure and affordable housing) up to a total amount of Rs 50,000 crore in the period of next twelve months through private placement mode. The Board of Directors of the Bank, at its meeting held on June 20, 2020, has approved the same. </p><p align="justify">HDFC Bank is one of India's premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</p><p align="justify"><br></p>
20-Jun-2020 HDFC Bank partners with Hyundai Motor <p align="justify">Hyundai Motor India (HMIL) has partnered with HDFC Bank to offer customised financing solutions for those buying cars through its online automotive retail platform 'Click to Buy'. This tie-up will enable customers to avail of loans through Click to Buy platform without the need to visit HDFC Bank branch. The partnership with HMIL is in line with the bank's belief that a digital ecosystem needs to be created to enhance customer experience, particularly in the current environment.</p><p align="justify">HDFC Bank is one of India's premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.<br></p>
09-Jun-2020 RITES, Gayatri Projects and Affle to see some action today <p align="justify"><strong>RITES</strong> has received an order for Consultancy Services for preparation of Detailed Project Report and providing Pre-Construction activities for construction of highway tunnels across certain sections on Darcha-Padam road (NH-301) including approaches in Himachal Pradesh &amp; Ladhak from National Highways &amp; Infrastructure Development Corporation (NHIDCL). The company is a Joint Venture partner in the said project and its fee is approximately Rs 55 crore.</p><p align="justify"><strong>Gayatri Projects</strong> has received letter of award (LoA) for construction of Lagaon Group of Villages Water Supply Scheme, District-Lalitpur, Uttar Pradesh and relevant works including commissioning and operation maintenance for 10 years. The LoA was received from State Water and Transmission Mission, Namami Gange and Rural Water Supply Department, Lucknow. Of the total project cost of Rs 145.53 crore, Rs 17.61 crore is for operation and maintenance of the scheme for 10 years.</p><p align="justify"><strong>Affle</strong> (India) through its subsidiaries (Affle), has signed definitive agreements to acquire full control of Appnext, Singapore and 100% IP of Appnext app discovery and recommendation platform with immediate effect. Affle will initially acquire 66.67% equity ownership in Appnext Singapore, with a clear path to acquire 100% equity ownership upon attainment of mutually agreed growth targets. </p><p align="justify"><strong>PVR's</strong> board has approved the fund raising of up to Rs 300 crore through issuance of equity shares of face value of Rs 10 each (Equity Shares) on rights issue basis (as decided by the Board of Directors or the Fund Raise Committee) to the eligible equity shareholders of the Company. The board of directors of the company, in its meeting held today June 8, 2020, has approved the same. </p><p align="justify"><strong>Satra Properties</strong> India has duly resume its operations and working at its Project site with effect from June 8, 2020 and the company is taking appropriate measures to ensure the safety, hygiene and well-being of all it employees and workers in compliance with the directives/circulars issued by Government.</p><p align="justify"><strong>Infosys</strong> has partnered with Celonis, a market leader in AI-enhanced process mining and process excellence software, to transform ERP modernization and business process optimization. This new partnership will enable customers to embark on long term transformation projects with significant operational savings, overcoming challenges typically associated with crowded technology landscapes, blends of legacy and homegrown systems, and operational silos that threaten digital transformation agendas.&nbsp; </p><p align="justify"><strong>HDFC Bank</strong> has added 2.5 lakh new customers in the last 40 days through an online facility which helps open savings accounts instantly. The account is created using a ‘limited know your customer (KYC)' requirement provision, and the customer has a year's time after the instant account opening to update full details. Most of the accounts which have been opened are from containment zones and red zones in metros and urban areas. <br></p>
08-Jun-2020 HDFC Bank adds 2.5 lakh new customers through online facility <p align="justify">HDFC Bank has added 2.5 lakh new customers in the last 40 days through an online facility which helps open savings accounts instantly. The account is created using a ‘limited know your customer (KYC)' requirement provision, and the customer has a year's time after the instant account opening to update full details. Most of the accounts which have been opened are from containment zones and red zones in metros and urban areas. </p><p align="justify">HDFC Bank is one of India's premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</p>
08-Jun-2020 HDFC Bank launches special consumption-oriented initiative for customers <p align="justify">HDFC Bank has launched a special consumption-oriented initiative for its customers, as the country begins to opens up after more than two months of lockdown. Christened 'summer treats', the initiative includes offers for merchants, salaried and self-employed for adjusting to new normal and deals on products, financial services and digital payments. The bank's efforts aims to curb the spread of the coronavirus which have changed consumer demands and lifestyles, and pointed out to increased demand for phones, tablets, computers and related accessories.</p><p align="justify">HDFC Bank is one of India's premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.<br></p>
08-Jun-2020 HDFC Bank jumps on launching special consumption-oriented initiative for customers <div align="justify">HDFC Bank is currently trading at Rs. 1050.45, up by 15.70 points or 1.52% from its previous closing of Rs. 1034.75 on the BSE.<br></div><div align="justify"><br></div><div align="justify">The scrip opened at Rs. 1051.00 and has touched a high and low of Rs. 1066.80 and Rs. 1047.25 respectively. So far 232308 shares were traded on the counter.<br><br></div><div align="justify">The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1304.10 on 19-Dec-2019 and a 52 week low of Rs. 738.90 on 24-Mar-2020.<br><br></div><div align="justify">Last one week high and low of the scrip stood at Rs. 1066.80 and Rs. 968.50 respectively. The current market cap of the company is Rs. 579465.25 crore.<br><br></div><div align="justify">The promoters holding in the company stood at 26.14%, while Institutions and Non-Institutions held 58.65% and 15.21% respectively.</div><div align="justify"><br></div><div align="justify">HDFC Bank has launched a special consumption-oriented initiative for its customers, as the country begins to opens up after more than two months of lockdown. Christened 'summer treats', the initiative includes offers for merchants, salaried and self-employed for adjusting to new normal and deals on products, financial services and digital payments. The bank's efforts aims to curb the spread of the coronavirus which have changed consumer demands and lifestyles, and pointed out to increased demand for phones, tablets, computers and related accessories.<br><br></div><div align="justify">HDFC Bank is one of India's premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.</div><div align="justify"><br></div>
08-Jun-2020 Reliance Industries, Tech Mahindra and Infibeam Avenues to see some action today <p align="justify">Abu Dhabi Investment Authority (ADIA) is planning to invest Rs 5,683.50 crore in Jio Platforms, a wholly owned subsidiary of <strong>Reliance Industries</strong>. This investment values Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore. ADIA's investment will translate into a 1.16% equity stake in Jio Platforms on a fully diluted basis. With this investment, Jio Platforms has raised Rs 97,885.65 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala and ADIA in less than seven weeks.</p><p align="justify"><strong>Tech Mahindra</strong> has signed a joint declaration with UN Global Compact urging governments to align their COVID-19 recovery efforts with the latest climate science. Tech Mahindra has joined 155 global companies in calling for policies that will build resilience against future shocks by supporting efforts to hold global temperature rise to within 1.5°C above pre-industrial levels, in line with reaching net-zero emissions well before 2050. The statement comes as governments around the world are preparing trillions of dollars' worth of stimulus packages to help economies recover from the impacts of the coronavirus pandemic, and as they prepare to submit enhanced national climate plans under the Paris Agreement.</p><p align="justify"><strong>Infibeam Avenues'</strong> board has approved the acquisition of 100% Shareholding in Cardpay Technologies. Consequently, Cardpay Technologies will become a Wholly Owned Subsidiary of the company. The objects of the said acquisition is to capitalize on the significant market opportunity for credit to SMEs and corporates and offer comprehensive payment solutions under company's Digital Card Payments' Issuance business. The Board of Directors of the company in its meeting held on June 5, 2020 has approved the same.</p><p align="justify"><strong>RMC Switchgears</strong> has bagged sales order of more than Rs 10 crore during Covid-19 National lockdown. Covid-19 across the nation has led to evolving crises and has brought the economy to a standstill. Ever organization irrespective of the class, nature and scale has become a victim of this national lockdown enforced due to COVID-19.</p><p align="justify"><strong>Welspun Corp</strong> has resumed production at its pipe &amp; coating plant at Dammam (Kingdom of Saudi Arabia) with full compliance to the safety conditions of operation, as stipulated in the administrative permission to avoid any infection due to COVID-19.</p><p align="justify"><strong>Hindustan Unilever</strong> (HUL) is focusing on e-commerce and modern trade channels, which it considers as channels of the future, besides accelerating premiumisation of its portfolio, with consumer preference constantly changing in the wake of coronavirus pandemic. The new technologies are changing the landscape of sales, and the company is evolving to adapt to the trends by embedding technology across its end-to-end value chain to build a business, which is future-fit.</p><p align="justify"><strong>HDFC Bank</strong> has launched a special consumption-oriented initiative for its customers, as the country begins to opens up after more than two months of lockdown. Christened 'summer treats', the initiative includes offers for merchants, salaried and self-employed for adjusting to new normal and deals on products, financial services and digital payments. The bank's efforts aims to curb the spread of the coronavirus have changed consumer demands and lifestyles, and pointed out to increased demand for phones, tablets, computers and related accessories.<br></p>