In an interaction with Rahul Jain, managing director of global investment research at Goldman Sachs India Securities Pvt Ltd, Jagdishan gave an overview of the loans and deposits in HDFC Bank’s balance sheet post the merger.
HDFC Bank s stock surged by 2.63% to close at ₹1,454 apiece. The rally was attributed to the bank s focus on profitability and earnings per share growth over loan growth. This strong rally has also propelled the benchmark Nifty 50 to reach another record milestone of 22,215 points.
LIC IPO: As per the DRHP, up to 31,62,49,885 (31.62 crore) equity shares will be on offer through the offer for sale (OFS), representing 5 per cent of equity stake.