Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance of Know Your Customer (KYC) norms and anti-money laundering (AML) norms, and for failure to report frauds. The RBI on February 12, 2019, had imposed a penalty of Rs 20 lakh on the bank for similar charges.

HYDERABD: HDFC Bank on Monday said three start-ups from the city - Loop Reality, BluSapphire and Appnovation Technology - were declared winners at its regional Digital Innovation Summit (DIS).

According to a press release from HDFC Bank WorkApps, a start up from Pune was the fourth winner picked by the bank after the one-day event held here.

Samsung on Saturday announced an offer in collaboration with HDFC Bank on its latest flagship series, the Samsung Galaxy S10. Buyers can get up to ₹14,000 cashback on purchase of Samsung Galaxy S10 devices.

The Samsung Galaxy S10e is available at an effective price of ₹46,900, thanks to an instant cashback of ₹5,000 as well as a cashback of ₹4,000 if the purchase is made using HDFC debit or credit card.

HDFC Bank’s asset quality struggles with its agri-loan portfolio may well enter its third year in 2019-20, with the country’s largest private-sector lender already making provisions against future loan losses. In a conference call with analysts after HDFC Bank’s March quarter results, CFO Sashidhar Jagdishan said the bank has been providing for agri-related delinquencies for the last few quarters.

India’s HDFC Bank Ltd reported a record quarterly net profit of 58.85 billion rupees (USD 848 million) on Saturday, meeting market expectations as the country’s biggest lender by market value raked in higher interest and fee income.

The bank also said its board had approved raising up to 500 billion rupees by issuing debt over the next 12 months.

A sharp rally in three private sector banks – HDFC Bank, ICICI Bank and Axis Bank – that have gained over 10 per cent each from their August 29, 2018 level helped the benchmark index S&P BSE Sensex breeze past the 39,000 mark and hit a new high on Monday. The benchmark index surpassed its previous high of 38,990 recorded on August 29, 2018 in intra-day deals.

The Nifty50, too, breached the 11,700 level for the first time since September 2018 to hit an intra-day high of 11,716.

MUMBAI: HDFC Bank, which breached the Rs 6 lakh-crore market capitalisation threshold last week and ranks in the list of the planet’s most expensive lenders, provides investors an opportunity to buy into the stock now because of its increasingly low-cost liabilities, robust asset quality, and stable margins.

HDFC Bank, the country’s most valuable lender, on Wednesday achieved a key milestone on the bourses — when the market capitalisation of its share crossed the Rs 6 trillion (lakh crore) mark.

The private sector bank becomes the third company after Reliance Industries and Tata Consultancy Services to achieve this feat.

Mumbai: Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said Monday.

It can be noted many banks globally are focusing on technology more than the physical presence in recent times.

HDFC Bank Ltd has a reputation of being a consistent performer and its third quarter results were no different.

The private sector lender reported a 20% year-on-year growth in net profit to ₹585.85 crore for the quarter ended 31 December, in line with analysts’ estimate of ₹5,605.70 crore in a Bloomberg survey of 19 brokerage firms.

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