Key Developments: HDFC Bank Ltd (HDB)
42.99USD
17 May 2013
$0.62 (+1.46%)
$42.37
$42.86
$43.01
$42.30
350,628
714,915
$43.81
$27.30
Latest Key Developments (Source: Significant Developments)
HDFC Bank Ltd Recommends Dividend
HDFC Bank Ltd announced that the Board of Directors at its meeting held on April 23, 2013 have recommended a dividend of INR5.50 per equity share of INR2 each (that is 275%) out of the net profits for the year ended March 31, 2013. Full Article
HDFC Bank Ltd Announces Allotment Of Equity Shares Pursuant To Exercise Of Options
HDFC Bank Ltd announced that the Bank has allotted on April 04, 2013, 728,290 equity shares of the Bank pursuant to exercise of options. Full Article
ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd Probing Money Laundering Accusations-Reuters
Reuters reported that India's top private sector lenders ICICI Bank Ltd, HDFC Bank Ltd and Axis Bank Ltd said they were investigating allegations of widespread money laundering practices at their branches. Full Article
HDFC Bank Ltd To Open 50 New Branches In Karnataka Next Fiscal-The Economic Times
The Economic Times reported that HDFC Bank Ltd plans to open 50 new branches in Karnataka by the end of next fiscal, a senior official said. The proposed expansion includes the districts of Chamarajnagar and Kolar, where the bank at present does not have any branches, HDFC Bank Branch Banking Head (South) Dhiraj Relli told reporters here. At present, the bank has 1,069 ATMs across Karnataka, including 874 here. Full Article
HDFC Bank Ltd's Bahrain Branch Prices USD500 million Fixed Rate Senior Unsecured Notes
HDFC Bank Ltd announced that acting through its Bahrain branch, has priced on February 27, 2013, USD500 million Fixed Rate Senior Unsecured Notes (Notes) under its USD1 billion MTN Programme. The Notes carry a coupon of 3% per cent, per annum payable semi annually and are of five year tenor. The Notes will be listed on the Singapore Stock Exchange. Full Article
HDFC Bank Ltd Announces Allotment Of Unsecured, Redeemable, Non-Convertible, Subordinated Bonds
HDFC Bank Ltd announced that the Bank has issued and allotted on a private placement basis Unsecured, Redeemable, Non-Convertible, Subordinated Bonds in the nature of Debentures towards Tier - II Capital as detailed hereunder: Lower Tier II Bonds for an amount aggregating INR565 Crores (INR5.65 billion). Full Article
Hero Motocorp Ltd Ties Up With HDFC Bank Ltd-Business Line
Business Line reported that Hero Motocorp Ltd has tied up with HDFC Bank Ltd to offer financing at 6.99 % across its entire range of products. As per industry estimates, the existing interest rate on two-wheeler finance is around 10 %. Full Article
HDFC Bank Ltd Announces Allotment Of Equity Shares Pursuant To Exercise Of Options
HDFC Bank Ltd announced that the Bank on July 30, 2012 has allotted 1,690,200 equity shares to the employees of the Bank pursuant to exercise of options. Full Article
Camson Bio Technologies Ltd Signs MoU With HDFC Bank Limited-The Economic Times
The Economic Times reported that Camson Bio Technologies Ltd has entered into a MoU with the HDFC Bank Limited. The strategic alliance will help HDFC Bank to penetrate in rural India through Camson's dealership network. Under the agreement, HDFC Bank will approach Camson's nearly 3000 dealers and appoint them as Business Consultant (BC) or Business Facilitator (BF) as per RBI's Financial Inclusion Policy and they will be provided with a customised current account offering, credit facilities at special rates. The business facilitator will be able to do almost all the transactions that a consumer avails at any ATM. Full Article
Wells Fargo & Co And HDFC Bank Limited Sign Agreement for US-India Remittance Service
Wells Fargo & Co announced that it has doubled its ExpressSend remittance network payout locations in India through an agreement with HDFC Bank Limited. With the addition of HDFC Bank`s more than 2,500 branches and over 8,900 ATMs, Wells Fargo customers` beneficiaries can now choose from a network in India of over 5,200 branches and more than 16,000 ATMs for remittances to India. Wells Fargo ExpressSend customers can send up to $5,000 per day to their beneficiary`s HDFC Bank account using the account-based ExpressSend service for a $5 fee. The fee for account-based transfers to HDFC Bank will be waived through August 31, 2012. Full Article
India's HDFC Bank seeing stability in asset quality-exec
MUMBAI, April 23 - HDFC Bank Ltd, India's No.3 lender by loan value, is seeing stability in asset quality but weakness continues in construction equipment loans, executive director Paresh Sukthankar told reporters on Tuesday.
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