A practice at India’s largest private lender HDFC Bank Ltd. to levy a “processing fee” on loan applications submitted with fraudulent documents is raising eyebrows.
HDFC Bank Stock Price
Sensex, Nifty Edge Lower Dragged By HDFC, ICICI Bank
Gold Silver Reports (GSR) – Eleven out of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Finance index’s 0.4 percent drop. On the other hand, the S&P BSE Realty index was top gainer, up 0.7 percent.
Indian equity benchmarks edged lower dragged by weakness in ICICI Bank, HDFC twins and Infosys.
HDFC Bank Falls On Q1 Profit Miss
Gold Silver Reports (GSR) – HDFC Bank Ltd shares fell 1.5% to Rs 2,157 after the bank reported lower-than-expected June quarter earnings. The bank reported an 18.2% increase in its net profit at ₹4,601.44 crore for the quarter ended June. The private sector lender had registered a net profit of …
HDFC Bank Share Price Slip Ahead Of Shareholders’ Meeting
Gold Silver Reports (GSR) – HDFC Bank Share Price Slip Ahead Of Shareholders’ Meeting – Shares of the country’s largest private sector lender fell as much as 0.8 percent to Rs 2,114 ahead of its annual shareholders’ meeting scheduled later in the day.
Meanwhile, the HDFC Bank had 11.6 lakh shares changed hands in a single bock deal on BSE.
HDFC Bank Share Price Slides As Share Limit Increases
Gold Silver Reports (GSR) – HDFC Bank Share Price Slides As Share Limit Increases — Shares of the country’s largest private lender fell as much as 2.5 percent, the most since April 23, to Rs 2,058. Global funds can increase their stake in the Mumbai-based bank by 1.68 percent or 4.3 crore shares, according to NSDL data. At present, they hold 72.3 percent of HDFC Bank, right under the cap of 74 percent for lenders.