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MUMBAI: A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, RBI said on Friday. The penalty has been imposed on the private sector lender for deficiencies in statutory and regulatory compliance, including those related to Know Your Customer (KYC). RBI said a statutory…
MUMBAI: Strong gains in index heavyweights Reliance Industries and HDFC Bank on Thursday propelled sensex to within half a percentage point of its all-time high peak of 85,978 points, recorded nearly 14 months ago. Sensex closed the session 446 points up at 85,633 points, its fourth consecutive day of gains. At Thursday’s close, while sensex…
MUMBAI: The country’s largest and second-largest private banks, HDFC Bank and ICICI Bank, continued to be cautious in expanding their personal loan books in Q2, particularly in the unsecured segment.HDFC Bank’s retail loans rose 7.4% year-on-year and 2.2% quarter-on-quarter to Rs 15,55,400 crore, MD & CEO Sashidhar Jagdishan said in the earnings call. He emphasised…
MUMBAI: HDFC Bank reported a 10.8% rise in standalone net profit to Rs 18,640 crore for the quarter ended Sept 2025, driven by higher non-interest income and steady improvement in asset quality.Net interest income rose 4.8% year-on-year to Rs 31,550 crore, while non-interest income surged 25% to Rs 14,350 crore. Total income grew 10.4% to…
Gold loans have become a go-to option for anyone needing quick funds during financial challenges and uncertainties.Whether it’s paying for education, expanding a business, covering personal or medical costs, renovating a home, gold loans offer a convenient solution. With minimal paperwork and speedy access to cash, they are an attractive option, however, many people still…
Last week, the combined market value of seven of India’s ten most valuable companies rose by Rs 74,573.63 crore, with HDFC Bank emerging as the top performer.Even during the holiday-shortened trading week, the BSE benchmark surged 780.71 points, or 0.97%, while the Nifty also gained 239.55 points, registering a 0.97% rise.HDFC Bank, Tata Consultancy Services…
Food delivery giant Zomato has joined hands with HDFC Pension to introduce the ‘NPS Platform Workers Model’, a retirement savings scheme for the platform’s delivery partners. The initiative was launched by finance minister Nirmala Sitharaman at a PFRDA event on October 1.According to Zomato, over 30,000 delivery partners have already received their PRANs (Permanent Retirement…
