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Top related persons:
HDFC - 2 Srinivasan Vaidyanathan - 2 Vaidyanathan - 1 Bank's - 1 Sashidhar Jagdishan - 1 That’s - 1 Jagdishan - 1 Breakingviews - 1
Top related locs:
MUMBAI Asia China United States watchdogs Credila
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HDFC Bank - 2 Thomson - 2 Housing Development Finance Corp - 1 Housing Development Finance Corporation - 1 – - 1 Bank of India - 1 Mahindra Bank - 1 Reserve Bank of India - 1

Search resuls for: "Srinivasan Vaidyanathan"


3 mentions found


☆ India's HDFC Bank posts bigger-than-expected jump in Q1 profit
  + stars: | 2023-07-17 | by ( ) www.reuters.com   time to read: +2 min
MUMBAI, July 17 (Reuters) - HDFC Bank (HDBK.NS), India's largest private lender, on Monday reported a bigger-than-expected 30% jump in first-quarter profit, helped by higher net interest income (NII) and strong loan growth. The lender's standalone net profit was at 119.52 billion rupees ($1.46 billion), up from 91.96 billion rupees a year ago. HDFC's deposits have been transitioned into those of HDFC Bank beginning July 1, he said. HDFC had retail liabilities worth 1.3 trillion rupees and non-retail liabilities worth 390 billion rupees as on June 30, he added. Provisions and contingencies, or the funds set aside to cover loan losses, slipped 10.3% to 28.6 billion rupees.
Persons: HDFC, Srinivasan Vaidyanathan, Vaidyanathan, Bank's Organizations: HDFC Bank, Housing Development Finance Corp, Thomson Locations: MUMBAI
☆ Mega-merger gives Indian lender new lease on life
  + stars: | 2023-06-20 | by ( Shritama Bose | ) www.reuters.com   time to read: +4 min
HDFC Bank (HDBK.NS), the country’s largest private lender, is set in July to complete its merger with its parent, partner and 26% shareholder Housing Development Finance Corporation (HDFC) (HDFC.NS). That’s a great opportunity for the larger, streamlined HDFC Bank – until now it sold most home loans it originated to its parent. However, the share of mortgages in HDFC Bank’s portfolio will rise close to 30%, compared to SBI’s 20%. HDFC Bank remains a fixer-upper in a couple of important respects, though. Housing Development Finance Corporation created HDFC Bank in 1994 and remains a 26% shareholder.
Persons: Sashidhar Jagdishan, That’s, HDFC, Jagdishan, Breakingviews, Srinivasan Vaidyanathan, Antony Currie, Thomas Shum Organizations: Reuters, HDFC Bank, Housing Development Finance Corporation, –, Bank of India, Mahindra Bank, Reserve Bank of India, Thomson Locations: MUMBAI, Asia, China, United States, watchdogs, Credila
☆ India's HDFC is in fine shape for its big deal
  + stars: | 2023-04-17 | by ( ) www.reuters.com   time to read: +2 min
HDFC Bank’s (HDBK.NS) net interest income rose 20% year-on-year in the three months to March. The $116 billion financier’s mix of deposits points to some niggles. As interest rates rise, savers tend to move idle funds from low-yielding checking accounts to fixed deposits, where money is locked up for a specific period against juicier interest rates. For now, the hotly watched net interest margin, unchanged at 4.3% for the last nine months, is holding up. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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