The merger of India’s most valuable lender and the nation’s largest mortgage financier to create what could be the world’s fifth-most valuable bank is inching closer to completion, with just one key step remaining that investors are watching for closely. Announcement of the so called ‘record date’ — or the cut-off day set for investors … Read more
Housing Development Finance Corp., India’s largest mortgage financier, has picked Jefferies Financial Group Inc. to manage the sale of a unit that offers student loans, according to people familiar with the matter. HDFC could seek a value of as much as $1 billion for HDFC Credila Financial Services Ltd. in a sale, which is part … Read more
MUMBAI: The board of HDFC Bank Ltd on Saturday approved a final dividend of Rs 19 a share for the financial year ended March 31. This is the highest dividend the lender has paid since listing, according to the data available on the exchanges. For FY22, the lender had paid a final dividend of Rs … Read more
on Saturday reported a 20 per cent on year growth in net profit for the September quarter to Rs. 10,606 crores. Net interest income grew by nearly 19 per cent on year to Rs. 21,021 crores. Both net profit and net interest income were slightly lower than analysts’ estimates. Bank’s core net interest margin for … Read more
NEW DELHI: Eight of the top-10 most valued companies together added Rs 1,28,503.47 crore in market valuation last week, with IT majors Tata Consultancy Services and Infosys leading from the front. The valuation of Tata Consultancy Services (TCS) jumped Rs 36,158.22 crore to reach Rs 11,71,082.67 crore, becoming the biggest gainer among the top-10 most … Read more