Hdfc Bank Stock News

Our people have always been our core strength and with this hiring we are continuing to build on our people advantage, an official said

Analysts remain watchful of the performance of HDFC Bank as it has fallen short of expectations in regaining market share

Among Sensex stocks, IndusInd Bank climbed 3.98 per cent to Rs 931.60. Axis Bank rose 3.39 per cent to Rs 721.90. Bajaj Finance, HDFC, Bajaj Finserv, Kotak Mahindra Bank and HDFC Bank rose up to 3.2 per cent.

Auto stocks too could be in limelight as the government shortlisted 75 firms under its PLI scheme for the sector.

In the upcoming two/three quarters, the bank is looking to launch a revised version of its payment app, PayZapp

Digitisation will help cross-sell products, improved engagement, acquire more customers, says Parag Rao

The bank''s total advances in the state were Rs 73,655.39 cr in Q2FY22; lender enjoys 9% market share in total advances in Karnataka

RBI in December 2020 had asked HDFC Bank to stop all launches of its upcoming digital business-generating activities and sourcing of new credit card customers after repeated outages at its data centre which hit operations

Even as the stock gained over three per cent on Monday, immediate benefit to earnings may be limited

In the past two years, HDFC Bank gained 35% compared to the 75% run-up in the Nifty and the 41% gain in the Nifty Bank index. Analysts said the recent underperformance has resulted in its valuations turning cheaper. “The stock is currently trading at an attractive valuation of 2.5 times FY2024 estimated price to book value, which offers favorable risk-reward,” said Aggarwal.

SBI is revamping its mobile application to turn to a complete digital bank, which will be named ''Only Yono''. HDFC Bank is working on a similar plan. What does this mean for future for banking?

With RBI curbs off, HDFC Bank’s NIM expansion may be led by efforts to regain market share.The bank can integrate offerings in digital ecosystems via partnerships with vendors

Infosys topped the Sensex gainers'' chart in Monday''s session, spurting 3.76%, while HDFC Bank climbed 3.25% after the RBI on Saturday lifted all restrictions on the private sector lender

To open 130 additional branches in the State; hire 1,500 in the next one year

“The investment cycle eventually will pick up and in 2003-07, SBI outperformed HDFC Bank. There is a change happening in SBI. I would buy both but maybe tactically would probably buy SBI more, as it is still at about 1-1.5 book value. It is the only PSU bank which has held on to the market share and I keep coming back to that. ”