Gold Silver Reports (GSR) – Stocks To Watch : Axis Bank, HDFC, Wipro, Dalmia Bharat — The S&P BSE Sensex rose 0.48 percent or 161.57 points to 33,788.54 and the NSE Nifty 50 index climbed 0.46 percent or 46.75 points to 10,739.35.
HDFC
RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank
Gold Silver Reports (GSR) – RBI delaying year-end bonuses to the heads of top private banks — HDFC, ICICI and Axis Bank — Chief executive officers at HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank Ltd. —the nation’s largest private lenders by assets — are among bankers yet to receive bonuses for the financial year ended 31 March 2017, as the Reserve Bank of India hasn’t signed off on the proposed payments, the people said, asking not to be identified as the information is private. They declined to give further details. Business Standard newspaper had previously reported the delays.
HDFC To Raise Rs 1,900 Crore; Shares Rise
Gold Silver Reports (GSR) – HDFC To Raise Rs 1,900 Crore; Shares Rise — India’s largest mortgage lender Housing Development Finance Corporation Ltd. is set to sell shares to institutional investors to raise about Rs 1,900 crore as part of its Rs 13,000-crore plan to mop up funds to invest in its banking and other subsidiaries.