State Bank of India (SBI), the country's largest lender, on Monday paid Rs 1,290 crore as advance tax for the first quarter of the current financial year, a rise of four per cent over the same period last year.

“We have paid Rs 1,290 crore as against Rs 1,240 crore (in the first quarter of the last financial year),” a bank official, who declined to be identified, said.

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After a slew of other digital initiatives, HDFC Bank will launch PayZapp on Monday for its debit and credit card holders. It is intended to serve as a one-stop solution for both payments and purchase.

Mumbai, June 8: HDFC - the country's largest housing finance company - today said it was planning to raise Rs 5,000 crore via secured redeemable non-convertible debentures (NCDs) and warrants.

HDFC will seek shareholder approval for the issue at the annual general meeting on July 28.

HDFC Bank, second largest private sector lender in the country, will use biometrics technology to disburse automobile loans in 30 minutes. Earlier, the lender, whose loan book mostly consists of retail loans, had launched a loan product to disburse personal loans in 10 seconds.

The biometrics technology will be linked to applicants' Aadhaar card number, which will pull out the customer profile. The loan will then be approved with additional details. The product is available for HDFC Bank's depositors, as well as others.

Markets continue their sharp downfall weighed down by rate-sensitive stocks after the Reserve Bank of India (RBI) at its monetary policy review indicated that the further rate cuts depend on the monsoon and inflation data.

At 1:05 PM, the 30 share Sensex shed 375 points or 1.31%, to 27,483 levels while the Nifty 50 slipped below 8,350 to 8,309 levels, down by 125 points or 1.5%.

Benchmark indices have extended losses and are trading near day’s lower dragged by index heavyweight shares like Tata Motors, ITC and HDFC.

By 14:05, the Sensex was lower by 156 points at 27,489 and the Nifty slipped by 45 points at 8,325.

The benchmark BSE Sensex today ended marginally lower by 28 points at 27,809.35 as blue-chips witnessed a mixed trend amid concerns over poor quarterly earnings and a diverse closing at other Asian markets.

Of 30 Sensex counters, 14 ended lower and 15 rose, while TCS settled unchanged.

Benchmark indices continue to trade higher amid choppy trades supported by strong buying among software and financial shares.

At 14:45 PM, the Sensex was up 175 points at 27,820 and the Nifty is quoting at 8,417, up 51 points.

New Delhi: The valuation of holdings by domestic institutional investors (DIIs) in NSE-listed firms hit a 6-year high of Rs 10.21 lakh crore at the end of March 2015 on account of buoyant markets, says Prime Database.

In percentage terms, DII holding in NSE-listed companies went up to 5.01 per cent at the end of March 31, 2015, from the year-ago level of 4.58 per, on an aggregate basis.

With new insider trading norms coming into force on Friday, a host of companies, including Bajaj Auto, HDFC Bank, HDFC and YES Bank, have framed their codes of conduct to regulate and report stock trades by promoters, top executives, their relatives and connected persons.

Besides, Aurobindo Pharma, Axis Bank, BEML, Jubilant Life Sciences, Ashok Leyland, Tata Communi-cations, JK Lakshmi Cement and Hindustan Motors have formulated their respective Codes of Conduct, according to exchange data.

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