NEW DELHI: HDB Financial Services, an HDFC Bank subsidiary, has submitted draft documentation to Sebi for raising Rs 12,500 crore through an IPO. The offering consists of Rs 2,500 crore in fresh equity shares and Rs 10,000 crore through an OFS by HDFC Bank, as detailed in the Draft Red Herring Prospectus (DRHP) submitted on […]
The Indian equity benchmark indices, BSE Sensex and Nifty50, experienced notable declines on Tuesday, driven largely by major stocks like Reliance Industries and HDFC Bank. The Sensex fell 930.55 points, closing at 80,220.72, while the Nifty50 dropped 309 points to finish at 24,472.10. The rupee also weakened against the US dollar, hitting its lowest-ever closing […]
Mumbai: Leading private lender HDFC Bank on Saturday announced to sell equity shares worth Rs 10,000 crore via an offer for sale (OFS) in the upcoming initial public offering (IPO) of its subsidiary HDB Financial Services Ltd. The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a […]
MUMBAI: HDFC Bank reported a 5% rise in standalone net profit to Rs 16,821 crore for Q2FY25, up from Rs 15,976 crore in the corresponding quarter last year. The bank’s total deposits increased by 15.06% year-on-year (YoY) to Rs 25,00,100 crore, with savings account deposits at Rs 6,08,100 crore, current account deposits at Rs. 2,75,400 […]
