HDFC Bank is set to announce its Q1 financial results, the first since its merger with HDFC. Analysts expect strong loan growth and a 25.9% rise in net profit. The bank s asset quality is predicted to remain steady, and its stock has shown resilience this year
India Business News: Rajay Sinha, chief general manager in charge of global markets, will become managing director and chief executive at the brokerage arm SBI Capital Mar
India Business News: The $64bn merger of two Indian lenders, completed in August, has generated just over $1m in fees for 18 advisers, according to sources who revealed th
HDFC Bank s shares reached a record high after completing its merger with parent company HDFC, making it one of the world s top 10 banks by market capitalization. The $40 billion merger closed on June 30 and allows HDFC Bank to underwrite larger loans, including those for infrastructure. Since the deal was announced, HDFC Bank s shares have risen about 14.5%, outperforming the benchmark Nifty 50 index. The combined entity has a market capitalization of around $157 billion, surpassing major global lenders such as Morgan Stanley and HSBC Holdings. Morgan Stanley considers HDFC Bank s valuation attractive and expects accelerated loan growth.
Steering HDFC Bank into the future post the merger, the new CEO and MD Sashi Jagdishan aims to carry the legacy of its visionary leaders and pioneer a new era of growth and success, , hdfc bank merger, Sashi Jagdishan HDFC Bank, HDFC bank new CEO