ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • ZNAA'22
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Whopping 1 lakh jobs on the cards in aviation and aeronautical manufacturing sector by 2024, says Minister
  • Money Guru: 10 funds for financial independence, this 15th August - details
  • India's forex reserves jump 60x since 1990s, surge 335 times since Independence | Check this data
  • India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why
Read in App
Business News » Companies News

HDFC Bank to consider stock split later this month

Private sector lender HDFC Bank had posted a 23 per cent jump in its net profit to Rs 5,885.12 crore for the quarter ended March 2019 on a healthy growth in its net interest income. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
HDFC Bank to consider stock split later this month
HDFC Bank had registered a net profit of Rs 4,799.28 crore in the January-March quarter of 2017-18. Image source: Reuters

Private sector lender HDFC Bank Monday said its board will consider splitting the bank's each share into two with a face value of Rs 1 later this month. Presently, one share of HDFC Bank has a face value of Rs 2. Its shares closed at Rs 2,328.40 apiece on the BSE, down 1.71 per cent.

"...We wish to inform you that the board of directors of the bank would inter-alia consider a proposal for sub-division of bank's equity shares from 1 (one) equity share of face value of Rs 2 each to 2 (two) equity shares of face value of Rs 1 each, at their meeting to be held on May 22, 2019," the bank said in a stock exchange filing.

At present, the bank has issued about 272.33 crore shares of face value of Rs 2. 

The bank had posted a 23 per cent jump in its net profit to Rs 5,885.12 crore for the quarter ended March 2019 on a healthy growth in its net interest income. 

It had registered a net profit of Rs 4,799.28 crore in the January-March quarter of 2017-18.

Total income for the quarter ended March 31, 2019, stood at Rs 31,204.5 crore, up by 22.1 per cent from Rs 25,549.7 crore for the quarter ended on March 31, 2018, the bank said in a regulatory filing. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
HDFC BankBanking & Financial Services
Written By: PTI
Updated: Mon, May 06, 2019
10:09 pm
Mumbai, PTI
RELATED NEWS
HDFC Bank-HDFC merger update: Private sector bank says no need to pay off parent firm's liabilities HDFC Bank-HDFC merger update: Private sector bank says no need to pay off parent firm's liabilities
HDFC Bank stock: Brokerages see 34% upside move amid strong Q1 earnings - Check price target HDFC Bank stock: Brokerages see 34% upside move amid strong Q1 earnings - Check price target
HDFC Bank q1 results 2022: What makes brokerages bullish on this bank stock despite sequential decline in profit? Check target prices HDFC Bank q1 results 2022: What makes brokerages bullish on this bank stock despite sequential decline in profit? Check target prices
HDFC Bank MD says will think on IPOs of HDFC Securities, HDB Financial Services after merger with HDFC HDFC Bank MD says will think on IPOs of HDFC Securities, HDB Financial Services after merger with HDFC

LATEST NEWS

Nitish Kumar snaps ties with BJP again, resigns as Chief Minister of Bihar

7th Pay Commission to stay! Govt not mulling 8th Pay commission; Is performance-based increment for central government employees on the cards?

Airtel to launch 5G services this month, cover every town by 2024, says MD Gopal Vittal

What Infosys CEO Salil Parekh said on IT spends

Pro Kabaddi Auction: Check complete list of squads for Season 9

Bihar Political Crisis: Nitish Kumar resigns as Chief Minister of Bihar, breaks alliance with BJP; how numbers stack up

Snapchat lets parents see who their kids are chatting with

India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why

Apple iPhone 14 launch in September - Check latest updates, release date, price, specifications and more

Pradeep Patwardhan passes away: Remembering Marathi actor who ruled hearts with graceful acting in films

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV