Hdfc Bank Stock News

Mumbai, March 2022: HDFC Bank reported an increase of 21,503 permanent employees in the current financial year, an over 90% increase over the previous year. This number is projected to cross to 26,000 by the […] The post HDFC Bank adds 21,000 people in the current financial year appeared first on Business News This Week .

Hiring is part of the bank’s ‘future ready’ strategy plan

Among stocks, the fund house bought for the month includes HDFC Bank. The MF house held 19,33,83,903 HDFC Bank shares as of February 28 compared with 18,70,95,891 shares as of January 31. As per a report by Edelweiss, the MF house bought a net Rs 896.89 crore-worth HDFC shares last month.

The main benefit of an RD is that you can save by making small regular contributions and receive interest on your money.

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?