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India''s biggest mortgage financier, Housing Development Finance Corp (HDFC), has chosen Jefferies Financial Group to manage the sale of HDFC Credila Financial Services. HDFC may seek a valuation of up to $1bn for the unit as it aims to meet regulatory demands ahead of its merger with HDFC Bank. The Reserve Bank of India has given the newly-formed entity two years to trim its stake in Credila to 10%, with the sale mandate one of the largest managed by Jefferies in the market, according to unnamed sources.

HDFC Bank has leased 217,264 square feet of office space in Noida for 18 years, including a rent-free period of seven months, as per lease documents accessed by real estate data analytics firm CRE Matrix.

This launch marks a significant milestone in HDFC Bank’s mission to provide innovative solutions that cater to the evolving needs of its customers

DFS Secretary says HDFC Bank Smart Saathi will contribute by making banking products and services available, especially credit for rural customers

Interest rates of fixed deposits (FDs) have jumped significantly in the last few months. From the State Bank of India (SBI) to HDFC Bank, all leading banks are offering around 7 per cent interest on fixed deposits. If you want to park your money in fixed deposits, here is how much leading banks offer on FDs. High FD rates

The bank further added that the proposal is subject to the Reserve Bank of India (RBI) and shareholder approval.

The Bank further said that it is subject to the approval of Reserve Bank of India (RBI) and the shareholders.

HDFC Bank on Friday signed an MoU with the office of the Collector, Mumbai Suburban to plant 30 lakh trees across city as part of #Parivartan, HDFC Ba

Anand Rathi Share and Stock Brokers, 5Paisa Capital, Angel One, HDFC Securities, and ICICI Securities are part of the list, which is not indicative of rankings or size.

The National Company Law Tribunal (NCLT) on Friday gave its approval for the merger of HDFC Property Ventures and HDFC Venture Capital with HDFC Capital Advisors, taking the merger of the parent with HDFC Bank a step closer. The tribunal is yet to approve the merger of its two insurance arms and the asset management company as also the patent into the bank as part of the USD 40-billion reverse merger. In its final order, the NCLT sanctioned a composite scheme of amalgamation of HDFC Property Ventures and HDFC Venture Capital into HDFC Capital Advisors, HDFC said in an exchange filing. The amalgamation will result in simplification, streamlining and optimisation of the group structure and efficient administration, the order said. Early this week, the tribunal had reserved the order for its approval of the HDFC and HDFC Bank merger after the parties sought 180 days more for the process. HDFC has already received the required approvals from the Securities and Exchange Board, sharehol

Markets rebound with RBI’s hawkish stance on inflation Markets rebound with RBI’s hawkish stance on inflation Mumbai: Equity indices made an emphatic comeback on Friday after falling for seven straight sessions after the RBI hiked interest rates by 50 basis points on expected lines and projected inflation coming under control from January next year. A strong recovery in the rupee added to the momentum, traders said. Overcoming a wobbly start, the 30-share BSE Sensex soared 1,016.96 points or 1.80 per cent to settle at 57,426.92. During the day, it rallied 1,312.67 points or 2.32 per cent to 57,722.63. Similarly, the broader NSE Nifty climbed 276.25 points or 1.64 per cent to end at 17,094.35. Bharti Airtel topped the Sensex gainers'' list with a jump of 4.49 per cent, followed by IndusInd Bank, Bajaj Finance, Kotak Mahindra Bank, Titan, HDFC Bank, Bajaj Finserv and Tata Steel. However, Asian Paints, Dr Reddy''s, ITC, Tech Mahindra and Hindustan Unilever were the laggards, dropping up to 1.26 per cent.

HDFC Bank, Tata Steel, Bajaj Finserv, IndusInd Bank and Hindalco contributed most to the Nifty gains, trading 3-5% higher

Kotak Mahindra Bank, HDFC Bank, Axis Bank, State Bank of India, HDFC, ICICI Bank, SBI Life Insurance and SBI Cards from the Nifty Financial index gained up to 2 per cent each.

While there has been no change in Nifty Bank index, the weightage of HDFC Bank, ICICI Bank, Kotak Mahindra Bank and Bandhan Bank will increase as part of the rebalancing exercise.

HDFC Bank has clocked business expansion of 25% in the one-year period ending June 2022 with the credit and deposits growing at similar rates. Prateek Sharma, branch banking head, central India, HDFC Bank, said, “The organic growth was further strengthened by pent up demand.