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BOM:500180

6 stories mentioning BOM:500180

Every FINWIRES story that references BOM:500180, newest first.

Asia

Market Chatter: HDFC Bank Begins Search for New CFO

HDFC Bank (NSE:HDFCBANK, BOM:500180) has started searching for a new chief financial officer as the tenure of current CFO Srinivasan Vaidyanathan is set to end in October, Moneycontrol reported, citing sources.The bank has approached senior industry executives for the role and may not extend Vaidyanathan's term, according to the report.The search started after the recent departure of Bhavin Lakhpatwala, a long-serving HDFC Bank executive who joined RBL Bank as CFO, Moneycontrol said. He was considered a potential successor to Vaidyanathan, the report added.Vaidyanathan could receive a one-year extension if the selection process remains unresolved, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

BOM:500180NSE:HDFCBANK
Asia

Market Chatter: Indian Banks Raise NRI Deposit Rates to Attract Inflows

Indian banks have raised interest rates on foreign currency non-resident bank deposits following recent regulatory changes by the Reserve Bank of India to attract overseas capital, Bloomberg reported on Wednesday.According to the report, Yes Bank (NSE:YESBANK, BOM:532648) and AU Small Finance Bank (NSE:AUBANK, BOM:540611) are offering rates of up to 7.1% to non-residents on five-year deposits.State Bank of India (NSE:SBIN, BOM:500112) and HDFC Bank (NSE:HDFCBANK, BOM:500180) are offering as much as 6% for the same tenure.The move follows measures announced by the central bank last week that give banks greater flexibility to offer higher rates on foreign-currency deposits as policymakers seek to attract foreign inflows and support the rupee, Bloomberg said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^BSENifty 50BOM:500112BOM:500180BOM:532648BOM:540611NSE:AUBANKNSE:HDFCBANKNSE:SBINNSE:YESBANK
Asia

Nomura Adjusts HDFC Bank's Price Target to INR950 From INR940, Keeps at Buy

HDFC Bank (NSE:HDFCBANK, BOM:500180) has an average rating of buy and mean price target of 1,060.07 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:500180NSE:HDFCBANK
US Markets

ICICI Bank Reports Higher Profits in Fiscal Q4

ICICI Bank's (NSE:ICICIBANK, BOM:532174) fiscal fourth quarter profits after tax grew by 8.5% on-year to $1.4 billion, while total advances, or loans, grew 15.8% on-year in the same period, the financial house reported on Saturday.Bank ICICI reported that it extended loans heavily to the business side of its loan portfolio in the fiscal fourth period and year, ended March 31.While the bank's retail loan portfolio grew by 9.5% on-year in the fourth period, the ICICI business-loan portfolio grew by 24.4%on-year, reported ICICI.Meanwhile, total ICICI Bank deposits increased by 11.4% on-year to $189.2 billion, at the end of the fiscal fourth quarter.The bank operation is well-capitalized, said ICICI.The bank's total capital adequacy ratio at the end of the fourth period was 17.18% and the common equity tier 1 (CET1) ratiowas 16.35%, which was above the regulatory requirements of 11.70% and 8.20% respectively, advised ICICI.Based on the financial results, the ICICI board recommended a dividend equivalent to $ 0.25 per ADS (American Depositary Share)..Established in 1955, ICICI Bank is part of the ICICI Group. It was established by the World Bank, the Government of India, and industry representatives to foster industrial development.ICICI is one of India's largest financial houses, and is regarded as one of three domestic "systemically important banks" by the central bank Reserve Bank of India (RBI). The other two such banks are HDFC Bank (NSE:HDFCBANK, BOM:500180, HDB) and the State Bank of India (NSE:SBIN, BOM:500112).ICICI shares on Monday closed up 0.9%.

^BSE^NSEBOM:500112BOM:500180BOM:532174$HDBNSE:HDFCBANKNSE:ICICIBANKNSE:SBIN
Asia

HDFC Bank's Consolidated Profit Grows in Fiscal Q4

HDFC Bank's (NSE:HDFCBANK, BOM:500180) consolidated net profit rose to 203.5 billion Indian rupees in the fiscal fourth quarter ended March 31 from 188.3 billion rupees a year ago.Earnings per share came in at 13.18 rupees, up from 12.26 rupees a year earlier, the bank said in a filing to the Indian stock exchange on Saturday.The figure was higher than the 11.86 rupees consensus estimate of analysts polled by Visible Alpha.Interest earned by the lender in fiscal Q4 increased to 871.8 billion rupees from 867.8 billion rupees a year ago.The board recommended a final dividend of 13 rupees per share, with the record date set as June 19.

BOM:500180NSE:HDFCBANK
Asia

HDFC Bank Approves Up to INR10 Billion Investment in HDFC Life

HDFC Bank (NSE:HDFCBANK, BOM:500180) approved an investment of up to 10 billion Indian rupees in HDFC Life Insurance (NSE:HDFCLIFE, BOM:540777) through a preferential issue of equity shares, according to a Thursday filing on Indian bourses.The investment will be made in one or more tranches, the filing said.

BOM:500180BOM:540777NSE:HDFCBANKNSE:HDFCLIFE