Key Developments: HDFC Bank Ltd (HDBK.BO)

HDBK.BO on Bombay Stock Exchange

718.55INR
6:29am EDT
Price Change (% chg)

Rs-6.70 (-0.92%)
Prev Close
Rs725.25
Open
Rs715.00
Day's High
Rs720.70
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Rs707.50
Volume
177,079
Avg. Vol
206,493
52-wk High
Rs760.50
52-wk Low
Rs528.00

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Latest Key Developments (Source: Significant Developments)

HDFC Bank Ltd To Mop-Up INR2.5 Billion Via Debentures - Business Standard
Wednesday, 20 Nov 2013 02:28am EST 

Business Standard reported that HDFC Bank Ltd raise INR2.5 billion through non convertible debentures (NCDs) for general corporate requirements. Non-Convertible Debentures are loan-linked bonds issued by a company that cannot be converted into stocks and usually offer higher interest rate than convertible debentures. According to sources, the one-day NCD issue would open and close on November 26.  Full Article

HDFC Bank Ltd To Open Over 300 New Branches-Business Standard
Thursday, 29 Aug 2013 01:44am EDT 

Business Standard reported that HDFC Bank Ltd is planning to open over 300 new branches across the country and hire 1,000 to 2,000 people as part of its expansion programme in the current fiscal.  Full Article

Reserve Bank of India Penalizes Axis Bank Ltd, HDFC Bank Ltd, ICICI Bank Ltd-DJ
Monday, 10 Jun 2013 09:36am EDT 

Dow Jones reported that India's central bank said June 10, 2013 it has imposed penalties on the country's three private-sector banks after it found that they have violated anti-money-laundering and customer-verification rules. The Reserve Bank of India imposed a fine of INR50 million ($860,00) on Axis Bank Ltd., INR45 million ($774,000) on HDFC Bank Ltd. and INR10 million ($172,000) on ICICI Bank Ltd.. The RBI said it scrutinized the books of these banks and evaluated the business processes at their headquarters and some branches in March and April following allegations that they had violated the rules.  Full Article

HDFC Bank Ltd Recommends Dividend
Tuesday, 23 Apr 2013 04:57am EDT 

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
Thursday, 4 Apr 2013 01:51am EDT 

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
Thursday, 14 Mar 2013 05:40am EDT 

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
Wednesday, 6 Mar 2013 07:00pm EST 

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
Wednesday, 27 Feb 2013 10:44pm EST 

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
Wednesday, 31 Oct 2012 02:34am EDT 

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
Sunday, 21 Oct 2012 08:00pm EDT 

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

India's HDFC Bank Q3 net up 25 pct; asset quality stable

MUMBAI, Jan 17 - HDFC Bank, India's third biggest lender by assets, posted yet another quarter of slowing quarterly profit on weaker loan growth and fee income.

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