NEFT Timings: Customers of SBI, HDFC Bank, Axis Bank, Punjab National Bank, ICICI Bank or any other commercial lender can do National Electronic Funds Transfer (NEFT) transactions 24×7 from today. The facility will now be available on any day of the week or month, including holidays. The Reserve Bank of India (RBI) has allowed this facility to be available at all times throughout the year.

For smooth settlement of NEFT transactions, the RBI has decided to provide additional collateralised intra-day liquidity facility.

Shares of HDFC Life Insurance hit a new high of Rs 634, up 4 per cent on the BSE in the early morning deals on Wednesday after nearly 5 per cent of total equity of insurance company changed hands through block deals. The stock bounced back 10 per cent from its opening low of Rs 575 on the BSE. It surpassed its previous high of Rs 626, touched on October 23, 2019.

At 09:15 am, around 101.87 million equity shares, representing 5 per cent of total equity of HDFC Life, changed hands via block deals on the BSE, the exchange data shows. The name of the buyers and sellers were not ascertained immediately.

Mortgage major Housing Development Finance Corporation on Monday reduced its retail prime lending rate (RPLR) on housing loans by 10 basis points, making loans cheaper for all its existing customers.

The RPLR, on which its adjustable rate home loans are benchmarked, would be reduced by 10 basis points from October 15, 2019, according to a press statement. New rates offered by the lender will now range from 8.25% to 8.65%.

There is no doubt that investors love HDFC Bank Ltd. The island of safety the stock offered during the past three volatile weeks is a reflection of the private sector lender’s strong balance sheet.

Its exposures to major troubled assets are a shadow of its peers and it seems HDFC Bank made all the right decisions in lending. After all, its gross bad loans totalled just ₹11,769 crore as of June quarter.

A day after Larsen & Toubro (L&T) chairman AM Naik raised concerns of challenging times for the private sector, Housing Development Finance Corporation (HDFC) chairman Deepak Parekh took a similar stand, saying banks have turned risk averse and that there is a distinct slowdown in the economy.

“The challenge today is risk aversion. Banks are reluctant to lend.

HDFC, India's largest non-bank home financier, has reduced its lending rates by 0.10% across tenures for both existing and new borrowers with effect from August 1.

Keki Mistry, vice chairman and chief executive officer, HDFC Ltd told DNA, "Liquidity in the system has improved which is giving room to bring down the lending rates."

Aditya (Puri) decided to travel to California to take a close look at the disruptions that were being discussed.

In September 2014, Mastercard Inc., a leading global payments and technology company that connects consumers, business, merchants, issuers and governments around the world, organised the trip for Aditya, then chairperson of its advisory committee for the Asia-Pacific region.

Private sector lender HDFC Bank Tuesday said it has terminated and de-listed its global depository receipts (GDRs) from the Luxembourg Stock Exchange due to low trading volume. “….Subsequent to July 15, 2019, the listing and admission to trading of the GDRs on the Luxembourg Stock Exchange will be cancelled,” HDFC Bank said in a regulatory filing.

New Delhi: HDFC Ltd will raise up to Rs 3,000 crore by issuing bonds on a private placement basis to shore up its long-term capital needs.,p>The 'HDFC Series V-006 11th July, 2014' secured redeemable non-convertible debentures will have an issue size of Rs 2,000 crore with an option to retain oversubscription up to Rs 3,000 crore, HDFC said in a regulatory filing.

For all those who are looking for jobs in banks, there is some good news for them. Private sector lender HDFC Bank is looking to hire 5,000 professionals in next 2-3 years. On Wednesday, HDFC Bank along with Manipal Global Academy of BFSI has launched a future bankers programme for training and grooming candidates and a job opportunity at the private sector lender on completion of the course.

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