HDFC BANK NET BANKING
How to download Form 16A from the TRACES website, SBI, HDFC Bank, ICICI Bank
How to download Form 16A: When non-salary payments like TDS professional fees, rent, and bank interest are made, the deductor provides a "TDS Certificate" to the IT Department. Here is how to download Form 16A TRACES website, SBI, HDFC Bank, ICICI Bank
Interest rate up to 7.5%: 5-year post office time deposit (POTD) is offering higher rates than these top 10 banks
Under the POTD scheme, senior citizens are not offered any higher rates than regular citizens, unlike many banks. Interest is paid annually but calculated quarterly.
HDFC Bank, Axis Bank scheduled downtime this weekend: Many HDFC Bank, Axis Bank services to be down; full list of services you can, cannot use
HDFC Bank and Axis Bank will perform system upgrades this weekend. Here is a list of services you can and cannot use.
HDFC Life, IndusInd Bank among 5 stocks with short covering
Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view regarding a security from extreme bearishness to bullishness. In Friday's trading session, five stocks saw top short covering. Here's the list:
Savings account interest rate up to 7.25%: Post office savings account vs SBI, HDFC Bank, ICICI Bank, PNB, Union Bank, IDFC FIRST Bank
Savings account interest rates: Compare the interest rates of savings accounts at Post Office, SBI, HDFC Bank, ICICI Bank, PNB, Union Bank, and IDFC FIRST Bank to find the highest rate.
Loan interest rates in July 2024: These 7 banks have revised loan interest rates in July
Loan interest rates in July 2024: Marginal Cost of Funds based Lending Rate (MCLR) is the minimum lending rate below which a bank is not permitted to lend. Here is a look at the list of banks that have revised their MCLR in July 2024.
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This new RBI rule can lower loan costs for you; comparison of home loan charges of SBI, HDFC Bank, ICICI Bank, PNB, Kotak Mahindra Bank
Here are some processing fee and part payment charges of home loan of top banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Punjab National Bank (PNB).
BofA downgrades HDFC Bank, cuts target price after 20% rally from Feb-lows
Following a 20% rally in HDFC Bank shares due to value buying and optimism over potential MSCI weightage increase, global brokerage firm BofA downgraded the private sector lender from buy to neutral. They also revised the target price to Rs 1,830 from Rs 1,850, citing potential challenges in navigating FY25.
Margin squeeze to dent banks' Q1 profits, loan growth may offer silver lining
Banks' Q1 profits face headwinds: Emkay Global predicts a sluggish 4% growth in pre-provisioning operating profits for the June quarter. This slowdown, affecting private lenders most, is attributed to shrinking margins and rising operational costs.
Nifty Bank bounces back, reclaims 52,500 levels; buy on dips, suggest experts
The Nifty Bank rose nearly 100 points to close at 52,517 while the Nifty50 hit fresh record highs above 24,400 levels. HDFC Bank, SBI, PNB and ICICI Bank closed with gains while selling was seen in AU Small Finance Bank, Kotak Bank, IDFC First Bank and Bandhan Bank.
Results play! Earnings growth to moderate for banks in Q1. Which stocks to buy?
Indian banks are forecasted to experience softer growth in the June quarter, with 14-16% earnings growth YoY. Motilal Oswal predicts NII growth for HDFC Bank by 28%, ICICI Bank by 7%, and Kotak by 15%. Axis Securities sees public sector lenders growing 11% YoY. Asset quality remains steady.
HDFC Bank increases loan interest rates by up to 10 basis points; loan EMIs to rise further
The bank has increased the lending rates by up to 10 basis points (bps) on certain tenures. HDFC Bank MCLR interest rates will now range between 9.05% and 9.40%.
Get up to 8.5% FD rate: SBI vs HDFC Bank vs ICICI Bank vs Canara Bank vs PNB; Latest fixed deposit interest rates in July 2024
FD interest rates in July 2024: Here is a comparison of SBI, HDFC Bank, ICICI Bank, Canara Bank, PNB, and Yes Bank FD interest rates in July 2024.
HDFC Bank mulling loan portfolio sale amid growth scrutiny
HDFC Bank is considering selling part of its loan portfolio amid regulatory scrutiny on India's surging credit growth. This move, aimed at lowering its elevated credit-deposit ratio post its merger with HDFC Ltd., is the bank's first since combining the two entities. The bank's loan growth has outpaced deposits significantly, raising liquidity concerns.
HDFC Bank shares fall 4% as Q1 update disappoints investors
HDFC Bank shares, previously rising due to potential MSCI weightage increase, fell over 4% on Friday to Rs 1,665.55 on BSE. This decline followed a sharp drop in CASA ratio in its June quarter update. Deposit growth was soft at 15.3% YoY (pro-forma), flat sequentially, with CASA declining 5% QoQ, lowering CASA ratio by 190 bps to 36%
Hot stocks: Brokerage take on HDFC Bank, RBL Bank, L&T and Ramco Cements
JPMorgan maintains overweight rating on HDFC Bank (TP: Rs 1,800), expecting accelerated growth despite stable deposits. Morgan Stanley reiterates underweight on RBL Bank (TP: Rs 250) post 1QFY25, despite positive volume growth.
Stocks in news: HDFC Bank, IDFC First Bank, IDBI Bank, Dr Reddy's, Lloyds Metals
HDFC Bank advances rose 53% to Rs 24.87 lakh crore. LIC boosted IDFC First Bank's stake to 2.68%. Dr Reddy's, Sun Pharma recalled items in the US. PNB's global business grew 10%. Raymond Realty, Poonawalla Fincorp, IDBI, Ujjivan SFB, Lloyds Metals, RBL Bank's deposits rose 18%, and Mahindra Lifespace will redevelop Mumbai societies.
HDFC Bank gross advances jump 52.6% on-year in Q1 to Rs 24.8 lakh crore
HDFC Bank's gross advances increased by 52.6% year-on-year to ₹24.87 lakh crore in the quarter ending June 30, driven by its merger with HDFC Limited last July. Excluding the merger impact, advances grew by 14.9% from June 30, 2023, reaching ₹25.08 lakh crore by March 31, 2024.
HDFC Bank Q1 Update: Advances soar 53% YoY to Rs 24.87 lakh cr; deposits jump 24%
Excluding the impact of the HDFC merger with the bank on July 1, 2023, the bank's gross advances grew by 15% compared to the same period last year. During the first quarter, retail loans increased by approximately Rs 18,600 crore, and commercial and rural banking loans grew by around Rs 7,200 crore. However, corporate and other wholesale loans decreased by Rs 26,600 crore compared to the preceding March quarter.
New credit card rules: HDFC Bank, Axis Bank, other banks customers cannot make credit card bill payments using PhonePe, Paytm
Credit card bill payment rules: As of July 1, customers with credit cards from major banks like HDFC Bank and Axis Bank will no longer be able to settle their credit card bills using third-party applications such as PhonePe, Amazon Pay, and Paytm.
Kotak Bank, Axis Bank among top 10 Nifty stocks trading at discount of over 15%
Fundamentally, India is witnessing its own mini-Goldilocks moment with excellent macros, robust corporate earnings (with Nifty ending FY24 with 25% earnings growth and FY25/26 earnings likely to post 14-15% CAGR), focus on manufacturing, capex and infrastructure creation, and valuations. Nifty, after consolidating in May 2024, touched a fresh high of 24,174 before ending with over 6% MoM gains at 24,011 in June 2024. Notably, the index was extremely volatile and swung around 2,893 points before closing 1,480 points higher. In such a market, domestic brokerage firm Motilal Oswal has analyzed that nearly half of the Nifty constituents are still trading at a discount to their historical average. Below is a list of top 10 Nifty50 stocks, as analyzed by Motilal Oswal, which are trading at a discount to their 10 year average:
Technical Breakout Stocks: How to trade HDFC Bank, Glenmark Life and Federal Bank on Thursday?
Indian market hit fresh record highs on Wednesday tracking positive global cues. The S&P BSE Sensex hit a fresh record high above 80,000 for the first time while the Nifty50 climbed above 24300 levels. The Nifty50 rose 162 points to close at 24286 while the S&P BSE Sensex closed with gains of 545 points at 79,986.
Mitsubishi UFJ's talks for stake in HDFC Bank said to hit snag
Mitsubishi UFJ Financial Group Inc. (MUFG) is facing hurdles in its negotiations to acquire a minority stake in HDFC Bank Ltd.'s consumer lending unit, HDB Financial Services Ltd. The main point of contention is the extent of control MUFG would have over HDBF's business strategy. While MUFG remains interested in the deal, talks are at risk of further delays or possibly collapsing altogether due to these disagreements.
Stocks in news: YES Bank, DMart, Kotak Bank, Zomato, Hindustan Zinc
Indian markets corrected impacting shares of YES Bank, DMart, and Kotak Bank. Despite this, Zomato and Hindustan Zinc were affected, with DMart reporting increased revenue. Additionally, HDFC Bank's weight in the index may increase, as YES Bank reported growth in loans. Force Motors sales declined, KEC International secured new orders, and IEX saw an increase in electricity volume.
Major credit card rule changes of big banks that will come into effect in July: SBI Card, HDFC Bank, ICICI Bank, Citibank
New credit card rules: Many major banks have implemented significant modifications to the credit card services. Let's examine the important changes to credit card services offered by these major institutions, which will take effect in July.
HDFC UPI unavailable on July 13
HDFC Bank announces temporary unavailability of UPI systems on Saturday, July 13, 2024, from 3:00 am to 3:45 am and 9:30 am to 12:45 am for migrating its Core Banking System to a new platform. The move aims to enhance customer experience by improving performance, capacity, reliability, and scalability. The upgrade is scheduled on a bank holiday to reduce inconvenience, prompting customers to plan ahead for banking activities.
F&O Rollover: FIIs bullish on index in July series with net longs; what's in store for Nifty?
Nifty futures rollovers hit 76% at June series end, exceeding the previous three-series average of 69%. The July series kicks off with a higher open interest base of Rs 36,400 crore. Roll cost for Nifty settled at 40 bps on expiry day, down from the previous day's 52-54 bps.
HDFC Bank scheduled downtime alert: 7 net banking and mobile banking services will not be available on June 9, 16
HDFC Bank scheduled Maintenance: HDFC Bank has informed its customers via SMS that select services will be unavailable during an upgrade window on June 9 and 16.
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