Where results make sense

About us   |   Why use us?   |   Reviews   |   PR   |   Contact us

HDFC Bank is the market favourite HDFC Bank is well ahead on this metric, with its net interest income rising by 43.6 per cent in the June quarter, compared with 38.7 per cent for ICICI Bank and a mere 10 per cent for SBI. The point is that while both HDFC Bank and ICICI Bank have been able to offset the loss in their treasury income by increasing their net interest income, SBI has been unable to do so. For HDFC Bank, payments to and provisions for employees was 7 per cent of total income for the June quarter. www.rediff.com /money/2004/aug/10hdfc.htm   (628 words)

The Telegraph - Calcutta : Business   (Site not responding. Last check: 2007-10-16) According to HDFC Bank, its core customer assets, including advances, corporate debentures, and CPs, increased from Rs 17,027 crore as on December 31, 2003 to Rs 24,277 crore as on December 31, 2004, a growth of 42.6 per cent. HDFC Bank said the portfolio quality during the period remained healthy with net non-performing assets at 0.2 per cent of customer assets and 0.3 per cent of advances. The bank’s net profit was Rs 110 crore in the corresponding quarter of the previous fiscal, the bank said in a release. www.telegraphindia.com /1050109/asp/business/story_4231420.asp   (543 words)

project on HDFC bank HDFC Bank was among the first to realise that consolidation was important to stay ahead. HDFC Bank’s strong positioning in capital market business as well as cash management business provides it a fair degree of float, as these are interest free deposits. HDFC Bank, one of the largest and most profitable private sector banks in the country had chosen to stay away from the home loans segment due to the inherent conflict of interest with its parent HDFC. hdfc.rediffblogs.com   (3648 words)

credit cards, HDFC bank HDFC Bank has become the first bank in the country to offer credit cards in over 100 cities. HDFC Bank is targeting the tremendous market potential that remains untapped in the smaller towns and cities, with other issuers largely concentrating on the larger cities. HDFC Bank currently offers three categories -- the HDFC bank international silver credit card, the HDFC bank international gold credit card and the health plus international credit card. www.banknetindia.com /banking/0713.htm   (101 words)

Hdfc Bank   (Site not responding. Last check: 2007-10-16) The evolution of banking dates back to the earliest writing, and continues in the present where a bank is a financial institution that provides banking and other financial services. Currently the term ''bank'' is generally understood as an institution that holds a banking license. Banking licenses are granted by financial supervision authorities and provide rights to conduct the most fundamental banking services such as accepting deposits and making loans. www.wwwtln.com /finance/93/hdfc-bank.html   (1867 words)

ICICI Bank leads HDFC Bank - Sify.com In comparison, the tally for HDFC Bank is Rs 18,000 crore. However, HDFC Bank was handicapped because it could not sell home loans (because its parent HDFC was in the business), though it has been originating them in the past one-and-a-half years. ICICI Bank's retail deposits are nudging Rs 60,000 crore and in FY05, it grew its deposits by 47 per cent compared with the industry deposit growth of 14 per cent. sify.com /finance/fullstory.php?id=13871543   (1008 words)

The Hindu : Business / Briefly : HDFC Bank opens 8 new branches NEW DELHI: HDFC Bank, the second largest private bank, on Friday increased its reach by opening eight new branches in Delhi, taking its total branches to 340. HDFC Bank now has 340 branches and 925 ATMs across 170 cities countrywide, the bank said in a release. HDFC Bank had reported 30.5 per cent growth in net profit to Rs. www.hindu.com /2004/07/31/stories/2004073104351500.htm   (124 words)

The Hindu Business Line : HDFC Bank, parent in home loan pact HDFC Bank is all set to grab its share of the booming housing loan market. If the bank sources say 100 loans, 60-70 per cent of it will be securitised into the bank's books, while the loan amount would be disbursed by the parent,'' said the official. The bank expects the incremental growth in the housing loans portfolio to contribute to its bottom-line only over a period of time possibly by March 2005, said the official. www.blonnet.com /2003/06/07/stories/2003060701780900.htm   (491 words)

SunGard TreasuryTrader Goes Live at HDFC Bank HDFC Bank is a highly respected and profitable private bank in India, well known for its leadership and high degree of financial product innovation. HDFC Bank will be making extensive use of Treasury Trader's trade maintenance functionality to handle pre- and partial-Settlement of FX trades - another common practice among these corporates. The bank was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered office in Mumbai. www.sungard.com /journalists/global/sungardtreasurytradergoesliveathdfcbank.htm   (572 words)

HDFC BANK LTD - HDB Report of Foreign Issuer (6-K) EXHIBIT 1 The increase in dividend is consistent with your bank's dividend policy which seeks to balance the twin objectives of rewarding shareholders with cash dividends on the one hand and of retaining capital to meet the bank's investment and capital adequacy needs on the other. The resilience of your bank's risk management processes was once again demonstrated during the recent volatility in the capital markets which had virtually no impact on the asset quality of your bank's portfolio. It is critical therefore, that your bank and all its employees continue to focus and dedicate themselves to execute plans and enhance value in an increasingly competitive and volatile environment. sec.edgar-online.com /2004/06/01/0001145549-04-000703/section4.asp   (1157 words)

HDFC Bank edges up HDFC Bank earned the market's goodwill after posting an impressive 29.2% rise in net profit for the fourth quarter. After market hours Tuesday, HDFC Bank said it earned a 29.2% rise in fourth quarter ended 31 March 2003 net profit to Rs 116.62 crore (Rs 116.62 billion) on a 30% increase in net total income to Rs 375.27 crore (Rs 3.75 billion). Analysts say the results by the private sector bank are impressive and expect the bank to register a decent growth in future. www.rediff.com /money/2003/apr/16hot2.htm   (285 words)

'A merger with HDFC Bank is too expensive' Whether it is foreign banks gobbling up stakes in local banks or Union Bank's merger with Bank of India, the market is sensing action. The two businesses are seen as complementary: mortgages are the fastest growing segment in the loan market and HDFC is a strong player while HDFC Bank has access to cheaper deposits. HDFC trades at a forward price-earnings (P/E) multiple of 20 while HDFC Bank trades at a multiple of 17.  To get a glimpse into the future, Shobhana Subramanian spoke to Deepak Parekh, HDFC chairman, on how rising interest rates will impact the housing finance business. in.rediff.com /money/2004/dec/20inter.htm   (758 words)

agencyfaqs! > news & features > HDFC Bank's Neeraj Swaroop joins Stanchart as CEO   (Site not responding. Last check: 2007-10-16) Neeraj Swaroop, head consumer banking, HDFC Bank, is moving to Standard Chartered Bank as its chief executive officer. Swaroop, who joined HDFC Bank in 1999, was heading the consumer banking business for the last four years. Prior to joining HDFC Bank, Swaroop was with Bank of America for eight years in a variety of consumer related senior roles. www.agencyfaqs.com /news/stories/2005/06/28/11862.html   (250 words)

HDFC Bank, Cosmos Bank to offer co-branded ATM card   (Site not responding. Last check: 2007-10-16) Henceforth, all Cosmos Bank customers will be able to utilise the extensive HDFC Bank-ATM network across the country for their needs.Said HDFC Bank's country head for marketing and retail assets, Mr Neeraj Swaroop: "This partnership is a move by both HDFC Bank and Cosmos Bank towards providing an extended network to enhance customer convenience. HDFC Bank has a network of 126 branches and 146 ATMs across 46 cities - the target being 50 cities by the end of this fiscal. In the quarter ended September 30, HDFC Bank reported a 75 per cent rise in net profit to Rs 49.2 crore against Rs 28 score during the corresponding period of the previous fiscal. www.financialexpress.com /fe/daily/20001128/fec28040.html   (504 words)

ET Invest - Deposits - HDFC Bank net up 57.8 % in Q4   (Site not responding. Last check: 2007-10-16) HDFC BANK’s net profit for the fourth quarter of 2000-01 has grown 57.8 per cent to Rs 60.9 crore, from Rs 38.6 crore in the corresponding quarter last year. The bank’s net profit for the entire year has grown 75 per cent to Rs 210.1 crore compared to Rs 120 crore in the previous year. The bank’s board, which met on Saturday, approved the financial results and proposed a higher dividend of 20 per cent as against 16 per cent last year. www.etinvest.com /content/fds/news/fdapr15news.htm   (285 words)

HDFC Bank unveils payment gateway for credit card holders to shop on web HDFC Bank on Thursday launched a payment gateway for enabling secure online, real-time e-shopping allowing card users to shop on the Web.The first such transaction in the country was logged on Thursday on the easy2shoppe.com shopping mail, enabled by the bank on a VISA card. Since the bank has not yet launched its credit card, our role provide a secure gateway to customers will be in the role of a acquirer bank. The bank offers a direct debit option allowing customers to pay for the goods or services by a secure password enabled transfer of funds from their to the merchant's account. www.expressindia.com /fe/daily/20000512/fex12043.html   (531 words)

SBI to ink ATM deals with HDFC Bank, ICICI Bank State Bank of India, is tying up with two private sector peers, HDFC Bank and ICICI Bank, for sharing the ATM network. According to sources, both HDFC Bank and ICICI Bank are likely to charge their customers for the use of SBI ATMs. HDFC Bank and ICICI Bank have ATMs in more than 100 cities, while SBI has the machines in 500 cities and towns. www.rediff.com /money/2003/oct/04sbi.htm   (467 words)

ET Invest - Banking - News - HDFC Bank to increase branch network   (Site not responding. Last check: 2007-10-16) With ATM installation on the rise, the bank is also negotiating with security agencies engaged in business of transportation of cash from the bank/RBI to the off-site ATMs as well as their periodical maintenance. Although a late entrant in the field, HDFC Bank is hopeful of roping in nearly 75,000 customers during 2001-02 itself. While the bank is eyeing the young and fresh graduates proficient in their fields, the bank, however, she said was not averse to recruit for heading branches the experienced public sector bankers who have taken voluntary retirement. www.etinvest.com /content/fds/news/fdjan09news.htm   (640 words)

HDFC Bank lists ADS at discount HDFC Bank has priced its initial public offering of 1.08 crore American depository shares (ADS) at $13.83 per ADS on the New York Stock Exchange. Mr Aditya Puri, Managing Director, HDFC Bank, said, ``it was a conscious decision to price the shares at a discount.'' The offering was priced at the average trading price of the HDFC Bank share on the BSE for the last 10 days. HDFC Bank's capital adequacy currently stands at 10.11 per cent which would improve to 16 per cent after the issue. www.hinduonnet.com /businessline/2001/07/21/stories/14210805.htm   (346 words)

HDFC Bank Educational Loans for higher studies in India or abroad, entrance exam HDFC Bank Educational Loans for higher studies in India or abroad, entrance exam HDFC gives loans to students to partly meet their educational expenses / costs for pursuing specific higher educational courses at institutes approved by HDFC. HDFC's main concern is to help individuals comfortably repay the borrowed amount. www.winentrance.com /eblhdfc.htm   (222 words)

Shareholders question HDFC Bank pref offer   (Site not responding. Last check: 2007-10-16) AHMEDABAD/MUMBAI, DECEMBER 29: The amalgamation of HDFC Bank and Times Bank has run into rough whether with two shareholders of HDFC Bank filing a civil suit objecting to a preferential issue to main institutional shareholders to ensure that their stake in the bank remains unchanged after the amalgamation of Times Bank with it. HDFC Bank has called an extraordinary general meeting (EGM) of its shareholders on January 1 to seek approval to a resolution for the preferential allotment. HDFC Bank had decided to make a preferential issue to its shareholders so that their stakes remainunchanged after the merger. www.indianexpress.com /ie/daily/19991230/ibu30006.html   (458 words)

New scheme from HDFC bank HDFC bank's move is likely to be followed by other private sector banks as a strategic move to attract the middle class customers who have been reluctant to avail of the high-tech services offered by the new generation private sector banks. All the new private sector banks which initially targeted business from the high net worth individuals seems to have done a rethink on the business strategy because their cost of fund is much higher than the public sector banks which have a wide branch network in the rural area. The new private banks operate mainly in the major metros normally attract high cost term deposits which is likely to affect their bottomline in the long run. www.expressindia.com /ie/daily/19971202/33650203.html   (299 words)

HDFC Bank After its merger with Times Bank last year there were doubts about the level of performance being maintained by the bank, especially in maintaining its operating efficiency and quality of assets. We could see a decrease in the growth rate of fee based income of the bank in the coming quarters primarily because of weak capital market HDFC Bank is the leading provider of cash settlement services to various leading stock exchanges across the country. The premium, which the bank commands is due to the good growth it has been able to achieve, coupled with quality assets where its NPA’s are the lowest in the industry. www.valuenotes.com /krc/may2101.asp?ArtCd=27218   (1104 words)

Chase Manhattan to buy HDFC Bank stake HDFC bank will now sign a memorandum of understanding with Chase for the partnership. NatWest group was given a 20 per cent stake in the bank, as a strategic alliance partner inMay, 1995, before the public issue by the bank. HDFC Bank shares are currently traded at around Rs 60 at a price earning multiple of 22 times compared to other bank scrips which are quoted at multiples of below 10 times. www.expressindia.com /ie/daily/19990116/01650675.html   (442 words)

Citrix Systems » HDFC Bank HDFC Bank was incorporated in August 1994 and commenced operations as a commercial bank in January 1995. Currently, HDFC Bank has a nationwide network of over 233 branches spread over 125 cities across the country, and operates in three segments: wholesale banking, retail banking and treasury services. HDFC Bank is planning to deploy additional applications such as Lotus Notes, retail applications and treasury applications on the Citrix infrastructure. citrix.com /English/aboutCitrix/caseStudies/caseStudy.asp?storyID=8764   (603 words)

HDFC Bank lowers credit card interest rates The bank has cut the rates by 30 basis points on a monthly basis for credit card customers, from 2.95 per cent to 2.65 per cent. For its own customers -- credit card holders having bank accounts with HDFC Bank -- the bank is offering a cheaper interest rate of 2.45 per cent per month against 2.50 per cent. Thus an existing HDFC Bank customer is required to pay 8.05 percentage points less interest than those who have accounts with other banks but hold HDFC Bank credit cards. www.rediff.com /money/2003/jan/18hdfc.htm   (337 words)

NYSE > Events >HDFC Bank Limited Visits the NYSE HDFC Bank Limited (NYSE-Listed HDB) Managing Director Aditya Puri, executives and guests will visit the New York Stock Exchange on Friday, January 21st to celebrate the company's add -on offering of shares. HDFC Bank Limited (the Bank) is a private sector bank in India engaged in retail banking, wholesale banking and treasury operations. The retail banking division provides loans against securities, auto loans, personal loans, two-wheeler loans and business banking loans to small businesses, bill payment services, credit cards, debit cards, third-party distribution, investment advisory services, card and automated teller machine (ATM) acquiring transactions and depositary services. www.nyse.com /events/1106238436747.html   (193 words)

HDFC Bank News   (Site not responding. Last check: 2007-10-16) MUMBAI India's central bank said Tuesday that it had fined Citigroup, ICICI Bank, the nation's second-largest bank, and five other lenders for rule breaches that led to abuses in the allotment of shares in... HDFC Bank Q3 net jumps 32 pc driven by advances MUMBAI: HDFC Bank Ltd has posted a net profit of Rs 130.36 crore for the quarter ended December 31, 2003 as compared to Rs 98.88 crore made during the same quarter last year. www.topix.net /com/hdb   (565 words)

The Hindu : Business : HDFC Bank, NAFED join hands The National Agricultural Cooperative Marketing Federation (NAFED) and HDFC Bank have entered into an agreement to provide finance to farmers and cooperatives associated with the agri-marketing federation. As per the arrangement worked out, HDFC Bank will extend loans to farmers at competitive market rates of interest while NAFED is to play the role of a facilitator. Under the funding scheme, according to a HDFC Bank statement here, immediate financing to the extent of a maximum of 70 per cent of the requirement is to be extended to the farmers against the deposit of agricultural stock with designated warehouses. www.hindu.com /2005/02/08/stories/2005020804271400.htm   (241 words)

Try your search on: Qwika (all wikis)

About us   |   Why use us?   |   Reviews   |   Press   |   Contact us   Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.