The IPO, to raise Rs 2,800 crore, received bids for 80,26,20,988 shares against the total issue size of 1,88,04,290 shares, NSE data till 1415 hrs showed.
The initial public offer of HDFC Asset Management Company was subscribed 35 per cent within the first few hours on the first day of bidding on Wednesday
This is the first tranche of the Rs 24,000-crore capital raising plan announced last December.
The company had registered a net profit of Rs 3,079.33 crore in the January-March quarter of the previous financial year (2016-17).
Embedded Value of HDFC Life rose to Rs 12,390 crore as on March 31, 2017 as against Rs 10,230 crore. Assets Under Management increased by 24 per cent to Rs 91,740 crore.
As per the new rates, salaried women borrowers will get home loans at 8.35 per cent and others at 8.40 per cent for loans up to Rs 30 lakh
The new rates will be applicable with immediate effect.
State Bank of India (SBI) had earlier slashed its base lending rate by 15 bps to 9.10 per cent.
Banks including HDFC Bank, ICICI Bank and Axis Bank on Wednesday began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month. The charges
In a move that should come as a cheer for home loan borrowers, mortgage lender HDFC Ltd today lowered its lending rates by 0.15 per cent for its existing customers. The company reduced its Retail
Tens of thousands of anxious people massed outside banks and ATMs across the country today for a third day to deposit, exchange their scrapped Rs 500 and Rs 1,000 notes and also to withdraw cash.
People in several parts of the country continue to face hardship as ATMs are either shut or not dispensing cash.
Following the announcement by SBI slashing interest rates on home loans by 15 basis points to 9.15 per cent, a six year-low, private lenders including ICICI Bank and HDFC are also set to reduce the home loan rates by up to 0.20 per cent.
After the security breach of around six lakh debit cards, the nation's largest lender State Bank of India (SBI) has advised its customers to make use of the bank’s own ATM network instead of other
Mortgage lender HDFC today said it has raised Rs 500 crore through rupee-denominated bonds from overseas investors. "The corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs
With reports of security breach at some ATMs forcing banks to block over 32 lakh debit cards, the Reserve Bank of India (RBI) intervened into the matter and asked banks to replace debit cards whose security is suspected to have been compromised.
Mortgage lender HDFC today said it will raise up to Rs 500 crore through rupee-denominated bonds from overseas investors. "Pursuant to the approval of the Board of Directors of the corporation at its meetings
India’s economy is in a "stronger position" and is demonstrating an immense growth potential with a strong leadership at the helm bringing in key reforms, HDFC Chairman Deepak Parekh said today. "India has never been
Your may be in for a pleasant surprise the next time you visit HDFC bank. In an attempt to match up with its Japanese counterparts, India's second largest bank HDFC has decided to go launch
Country's largest private sector lender ICICI Bank on Friday cut its marginal cost of funds-based lending rate (MCLR) by 0.05 per cent, to take it at par with the rates offered by SBI and HDFC Bank.
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