Buy HDFC Bank, sell Paytm: Mutual fund's investing funda in February
Fund houses that picked more HDFC Bank shares in Feb were HDFC MF, DSP Mutual Fund, Franklin Templeton, and ICICI Prudential. A similar trend was seen in January as well when fund managers bought shares of HDFC Bank worth Rs 13,849 crore to take advantage of the dip in share prices following the disappointment in Q3 results. Key Points
Economic TimesRBI approves HDFC Bank's 90% stake sale in HDFC Credila to ChrysCapital and BPEA EQT
HDFC Bank received RBI approval to sell 90% stake in HDFC Credila, boosting Q4 income. The sale was approved by RBI and CCI. Details of credit rating report, stake divestment, and fresh equity infusion were mentioned. Availability of balance amount not specified. On July 1, last year, HDFC Ltd, the parent housing finance company, was amalgamated with HDFC Bank. Thus, the entire investment was transferred from the parent to the bank. Key Points
Economic TimesExplained: Why HDFC Bank shares are under pressure today
HDFC Bank shares were down 1.62 per cent at Rs 1,415.80 on the National Stock Exchange (NSE) at around 1 pm. Know why the stock has been under pressure since early trade. Key Points
India TodayHDFC Bank shares on the rise: What's fuelling the rally?
HDFC Bank share price: India's largest private lender witnessed a strong rally in its shares since early trade on Tuesday. Read to know what's driving the fresh rally. Key Points
India TodayFinally coming out of the woods? 4 home finance stocks with upside potential of up to 30%
Till a few months back If any global investor wanted to take exposure to the housing finance sector in India. The first choice would be HDFC ltd, Post the mergers with HDFC bank, to take exposure to HDFC, investors will have to buy HDFC bank, which they may or may not do, given constraints under which each fund works. So one of the unintended consequences of this merger of HDFC Ltd and HDFC bank has been that other pure housing finance stocks have a higher probability of getting attention from investors. Now this has happened at a time when after a long phase of headwind and turbulence in which the sector saw many companies going down under and some exchanging hands, some respite has emerged and some tailwinds are emerging. Key Points
Economic Times
FII holding in HDFC Bank drops further in Q2, investment headroom increases by 170 bps
“More selling by FIIs is needed in the next few quarters before MSCI incorporates the merged entity shares with a factor of one, compared to the 0.5 currently used,” said Abhilash Pagaria, Head - Nuvama Alternative & Quantitative Research. Key Points
Economic TimesHDFC Bank underperformance may continue for next 2 years: Sandip Sabharwal
Most of the analysts underestimated the impact on margins of the entire merger process with HDFC. Many people were betting on some relaxations from the RBI which did not come. There are SLR, CRR requirements at a time when liquidity is actually tightening and HDFC Bank has a huge market share in the CASA deposits already. So, for them to increase it further is tough. Key Points
Economic TimesHDFC AMC Q1 profit rises 52% to ₹477 crore
HDFC Asset Management Company reported a 52% increase in profit after tax at ₹477.5 crore for Q1 2023, with revenue from operations rising 10% to ₹574.5 crore. Key Points
mintIndia's HDFC Life Q1 profit rises on investment gains
India's HDFC Life Insurance Co Ltd (HDFL.NS)reported a 15.4% rise in first-quarter profit on Friday, aided by investment gains and a rise in premium income. Key Points
ReutersHDFC Bank top-traded NSE stock on first day post merger
On Thursday, HDFC Bank’s traded value was at ₹3454.98 crore, surpassing ICICI Bank and Reliance Industries Ltd. Key Points
mint
Will HDFC Bank remain the Arnold Schwarzenegger of banks for next 10-20 years? Devina Mehra explains
“I do not expect a big stumbling block in the HDFC merger. Obviously, some of HDFC Banks ratios will get diluted at least in the short term whether it is the return ratios or even the growth percentage that would come down from where it has been with the merger of HDFC. Other than that, I do not see any big glitches coming up.” Key Points
Economic TimesHDFC stock’s 45-year-old journey ends today. What's in store now?
All existing monthly and weekly F&O contracts of HDFC will expire on Wednesday and shall be physically settled. All shareholders of HDFC will get 42 HDFC Bank shares for every 25 shares of its parent company. Key Points
Economic TimesHDFC stock biography: From no takers in IPO to $40 billion-merger with HDFC Bank
HDFC shares earlier this month scaled a lifetime high of Rs 2,926 and its market capitalization swelled to over Rs 5 lakh crore. The stellar growth in HDFC stock over the last 3 decades has been backed by its aggressive expansion plans from being just a retail home loan company. Key Points
Economic TimesHDFC Bank hikes MCLR by up to 15 bps on select tenures; EMIs to go up
On certain tenures, HDFC Bank has raised the benchmark marginal cost of funds-based lending rates (MCLR). The new rates are effective from July 7, 2023, according to the HDFC Bank website. Key Points
Economic TimesJSW Steel to replace HDFC in Sensex from Jul 13
India Business News: JSW Steel will take the place of HDFC in the 30-share S&P BSE Sensex starting 13 July. HDFC is getting merged with HDFC Bank. Changes will also be mad Key Points
Times Of India
July 12 fixed as HDFC's last day on stock exchanges
In separate notices, both the exchanges have told market participants that HDFC will be suspended from trading with effect from July 13, (i.e., closing hours of trading on July 12). The mega-merger, which catapults HDFC Bank into the rank of the world's fourth most valued lender bigger than even Morgan Stanley and HSBC, came into effect from July 1. Key Points
Economic TimesIndex Rejig: JSW Steel to replace HDFC in Sensex from July 13
HDFC will be replaced with Zomato in BSE 100 index. HDFC Ltd will be removed from all the other BSE indices. Besides HDFC, TVS Motor Company and Apollo Tyres have also been removed from a few indices of the exchange Key Points
Economic TimesSensex, Nifty close flat as auto, consumer stocks offset slide in financials
India Business News: Indian shares were mostly unchanged on Wednesday due to the rise in auto and consumer stocks offsetting the fall in financials. Nifty index rose 0.05% Key Points
Times Of IndiaHDFC-HDFC Bank merger: HDFC Ltd FD investors to get Rs 5-lakh insurance but old interest rate, premature w
HDFC Ltd-HDFC Bank Merger: If you have a fixed deposit with HDFC Ltd., you are bound to witness certain changes post-merger. Your FD account number with HDFC Ltd. will remain the same after the HDFC Ltd.-HDFC Bank merger. But will the merger impact your FD interest rate, premature withdrawal, pay-out, maturity instructions? ET Wealth explains. Key Points
Economic TimesHDFC looks at promoter offer for two Radisson Blu hotels
The total outstanding loan for the hotel properties amounts to ₹507 crore. The portfolio consists of loans provided to KAD Housing and KAJ Infrastructure, both entities promoted by DP Jain and his family that operate two five-star hotels in Ghaziabad, namely Radisson Blu Kaushambi and Radisson Blu Hotel, as reported by ET on June 23. Key Points
Economic Times
Post merger, how HDFC customers can get TDS certificate for ITR filing
Housing Development Finance Corporation (HDFC), a mortgage lender, and HDFC Bank, a private sector bank, became a merged entity as of July 1. Here are important FAQs on TDS, PAN Card on Form 15G after the merger, according to the HDFC Bank website. Key Points
Economic TimesHDFC Bank market value jumps to $157 billion as shares rise post HDFC-merger
HDFC Bank's shares surged as much as 3.3 per cent in early trade to reach an all-time high of Rs 1,757.50, while HDFC's shares rose by 3.7 per cent to Rs 2,927.40. Key Points
India TodayHDFC Bank and HDFC Ltd merge to form a powerhouse financial organization: What you need to know
HDFC Bank and HDFC Ltd, the largest private bank and mortgage industry in India, will merge to form a new company with a market value of ₹14.37 lakh crore. The merger aims to better meet client needs, create synergies, and provide a wider range of financial products and services. Key Points
mintHDFC twins merger: What will happen to your HDFC shares after HDFC Bank takeover?
HDFC Bank has successfully completed its merger with its parent company HDFC, becoming the largest merger between a private sector bank and an NBFC. The merger will take effect from July 1, 2023, and will result in the delisting of HDFC from exchanges. Key Points
mintHow the HDFC Bank-HDFC merger will impact FD investors; Important FAQs answered
Following final board approval, Housing Development Finance Corporation Ltd. and HDFC Bank Ltd. announced on Friday that their major merger had been completed. HDFC Bank has released FAQs related to fixed deposit investment and the impact of the merger on FD investors. Key Points
Economic Times
HDFC-HDFC Bank merger: Important FAQs answered for existing home loan borrowers of HDFC
Housing Development Finance Corporation (HDFC) Ltd. and HDFC Bank will become a merged entity on July 1, 2023. Key Points
Economic TimesHDFC to merge with subsidiary HDFC Bank on Jul 1
New Delhi, Jun 30 (PTI) Housing finance major HDFC will merge with its subsidiary HDFC Bank on Saturday as their respective boards have cleared the proposal on Friday. Following the reverse merger, HDFC will cease to exist from July 1 onwards. “Saturday, July 1, 2023, to be the ‘Effective Date’ of the composite scheme of […] Key Points
ThePrintHDFC-HDFC Bank mega merger to be effective July 1, Jul 13 fixed as record date
The merger of HDFC Investments and HDFC Holdings into HDFC is effective on Friday. Commercial papers of HDFC Ltd will be transferred to HDFC Bank from July 7. Shareholders of HDFC will receive 42 new HDFC Bank shares for every 25 shares held. The merger is expected to create the world's fourth-largest lender with a market cap of $172 billion. Key Points
Economic TimesHDFC merger to create worlds fourth largest bank by mkt cap
July 12 has been set as the date for the transfer of non-convertible debentures (NCDs) of HDFC in the name of HDFC Bank. While commercial papers of HDFC will be transfered to HDFC Bank from July 7. HDFC Bank will issue and allot eligible shareholders 42 new equity shares for every 25 equity shares held by shareholders of HDFC Ltd as on July 13. Key Points
Economic TimesDeepak Parekh signs off: Looking back at an industry icon's extraordinary career
“It is my time to hang my boots with both anticipation and hope for the future, Parekh wrote to HDFC shareholders for the last time as chairman. While this will be my last communication to shareholders of HDFC, rest assured we now stride tall into a very exciting future of growth and prosperity. Key Points
Economic Times
'It is time to hang my boots': HDFC chairman Deepak Parekh a day ahead of likely merger with HDFC Bank
Parekh in his letter to the shareholders said HDFC Bank’s vast distribution network will be better harnessed for both home loans and group companies. As a natural progression, the synergies between HDFC Bank and the group companies will deepen with HDFC Bank taking on the mantle of ownership. Key Points
Business TodayDeepak Parekh quits HDFC, says 'it's time to hang my boots'
Deepak Parekh in his final letter to HDFC shareholders, highlighted the optimism surrounding India's resilience and its broad-based recovery, stating that the country's GDP growth rate is expected to be more than double the global average. He also underscored the significance of embracing change and the power of adaptability, growth, and new aspirations. Key Points
Economic TimesHDFC, HDFC Bank stocks: Predictions & trading strategy ahead of merger
The stocks of HDFC and HDFC Bank, which previously underperformed due to uncertainties regarding their merger, are now gaining attention as management expresses their desire for the deal to be effective from July 1. Technical analysts have set targets of Rs 2,000 for HDFC Bank and Rs 3,000 for HDFC. The merger is expected to be finalized on June 30, with the record date to be announced later. Following the announcement, both stocks experienced an increase of around 1.5%. Key Points
Economic TimesHDFC buys 0.7% stake in HDFC Life Insurance for Rs 993 cr ahead of merger with HDFC Bank
The deal comes just days before the merger of HDFC with its banking subsidiary HDFC Bank. HDFC chairman Deepak Parekh on Tuesday said the merger will be effective July 1. Key Points
Business TodayHDFC Chairman Deepak Parekh to retire post HDFC-HDFC Bank merger
Vice-Chairman and CEO Keki Mistry and HDFC MD Renu Karnad will be board members of HDFC Bank. The effective date of the merger will be July 1. Key Points
Business Today
HDFC-HDFC Bank merger: What will change for HDFC home loan borrowers? Will home loan interest rates go dow
HDFC Bank, India's largest private sector lender will complete its merger with its parent, Housing Development Finance Corporation Ltd (HDFC), by June 30, 2023. Now, the question is how this merger will impact borrowers. ET Wealth decodes how home loan borrowers of HDFC are likely to be impacted once the merger is done Key Points
Economic TimesHDFC Bank-HDFC mega merger in last stage: Here’s how to trade the two Nifty stocks
The much-awaited merger of HDFC Bank and HDFC is expected to be completed next month. Market experts predict that the announcement of the merger date will trigger further buying interest and lead to both stocks hitting record high levels. While HDFC twins have underperformed the Nifty in the last one-month period, both are trading 5% away from their respective 52-week high levels and are up 5-6% each in the last 3 months. The merged entity is likely to trade under the HDFC Bank ticker before July 20. An eligible shareholder will get 42 shares of HDFC Bank for every 25 HDFC shares held by them. Key Points
Economic TimesD-Street lapping up HDFC twins with merger entering final leg
So far in June, an average 49.5 lakh HDFC shares have exchanged hands on both the exchanges. This is 27% more than the average traded volume in the previous month, stock exchange data showed. Key Points
Economic TimesStocks To Watch: HDFC, HDFC Life, Cyient, Pidilite, IIFL Securities, Shriram Finance
The SGX Nifty hinted at a flat open for domestic share markets. Here's a look at the key stocks to watch in trade today. Key Points
FinancialexpressHDFC AMC share price jumps 9% today despite Abrdn Investment offloading its entire 10.2% stake
HDFC AMC stock surged in the intraday trade on Tuesday after Abrdn Investment Management offloaded its entire 10.2% stake in HDFC Asset Management Company. Key Points
Financialexpress
Baring EQT, ChrysCap pick up HDFC’s Credila for Rs 11,000 crore
The total revenue of HDFC Credila during FY23 (April –March) was Rs 1,352 crore while its net worth stood at Rs 2,435.1 crore as on March 31. Key Points
FinancialexpressBPEA EQT set to acquire majority stake in HDFC Credila for ₹9,060 cr
The country's largest mortgage financier said Kopvoorn B.V., Moss Investments Limited, Defati Investments Holding B.V. and Infinity Partners will acquire approximately 132.9 million shares of HDFC Credila Key Points
mintHDFC mega merger: What does it mean for the mortgage lender's customers
The merger of HDFC Bank and HDFC Ltd will have an impact on the deposit holders of HDFC Ltd. The bank is likely to offer deposit holders of the mortgage company the option to either withdraw their funds or renew deposits at the interest rate being offered at that time. Interest rates are unlikely to change until maturity but those opting for renewal of fixed deposits would likely get marginally lower interest rates compared to what they got at HDFC. Key Points
Economic TimesHDFC-HDFC Bank merger will close soon creating $168 billion bank, record date awaited
The merged entity is likely to trade under the HDFC Bank ticker before July 20, bringing an end to the process that began in April 2022. The merger is unprecedented in India, creating a bank worth $168 billion. Key Points
FinancialexpressHDFC, HDFC Bank shares trade ex-dividend today; stock prices tank up to 2%
HDFC Bank and HDFC Ltd. turn ex-dividend on Tuesday as the Nifty 50 heavyweights are to pay dividends of Rs 19 per share and Rs 44 per share respectively. Key Points
Financialexpress
HDFC-HDFC Bank merger: Interest, depositors’ insurance, withdrawal rules; what changes for HDFC FD custome
HDFC is all set to merge with HDFC Bank by June 2023. The merged entity will be known as HDFC Bank. Customers of HDFC, whether borrowers or depositors, will witness certain changes after the merger. From the interest rate of fixed deposits to premature withdrawal rules, here's a list of things that will change for HDFC customers post-merger. Key Points
Economic TimesFPIs pump in ₹10,850 cr in Indian equities in just 4 sessions of May; DIIs turn net sellers so far
In just four trading sessions in May, foreign investors have shown consistent buying in Indian equities. In the week that ended May 5th, Sensex and Nifty 50 have gained by nearly a percent despite volatile conditions. The domestic market has outperformed most peers in April. Key Points
mintHDFC twins: How much funds outflow will HDFC Bank-HDFC merged entity see after MSCI plan
MSCI announced to add HDFC Bank merged entity in the large-cap segment of its Global Standard Indexes with a weightage of 6.5%. Further, there is foreign inclusion factor (FIF) of 0.37 for the merged entity after applying an adjustment factor of 0.5. Key Points
mintHDFC twins log the biggest single-day decline in 3 years
HDFC Bank shares declined 5.9% to close at ₹1625.35, and HDFC stock plunged 5.6% to ₹2701.15 on Friday. Friday's drop is their highest single-day decline since May 2020 Key Points
Economic TimesSensex, Nifty fall over 1% on selling in HDFC twins
Among the Sensex firms, HDFC Bank tumbled 5.80% followed by HDFC which plummeted 5.57%. Both the stocks fell sharply amid reports that the merged HDFC entity could see significant outflow. Key Points
The Hindu
HDFC’s Keki Mistry expects strong growth following merger in FY24
HDFC's NIM has risen to 3.6% from 3.5% last year, while the spread has been stable at 2.29%, according to Keki Mistry. He expects mid-to-high teens growth even next year and strong growth following the merger between HDFC and HDFC Bank expected to be complete by July 2023. Asset repricing may have contributed to the growth, with a contract specifying changes in interest effective at the end of a three-month period. Key Points
Economic Times