Wed, Nov 29, 2023
The risk for investors lies in the rich valuations of these banks. HDFC and ICICI trade at a price-to-book (P/B) ratio, a metric that compares stock price with underlying assets, of 3, while Axis trades at 2.3 and BCA at 5.
Sun, Nov 26, 2023
The market valuation of ITC was down Rs 1,808.36 crore to Rs 5,46,000.07 crore, while that of Infosys dipped Rs 290.53 crore to Rs 5,96,391.22 crore.
Sun, Nov 12, 2023
ICICI Bank added Rs 3,520.92 crore taking its market valuation to Rs 6,57,563.38 crore.
Mon, May 29, 2017
Barring SBI and ONGC, rest eight companies, including HDFC Bank and TCS, saw addition to their market capitalisation (m-cap) for the week ended Friday.
Tue, May 16, 2017
Earlier HDFC Bank had a flat rate of 8.50 percent for all types of borrowers. With this, the three largest players (SBI, ICICI Bank and HDFC Bank) offer similar prices for new affordable home loans.
Thu, May 04, 2017
Axis Bank and ICICI Bank registered GNPA of 5.04% and 7.89% respectively in Q4FY17 as against 6.10% and 8.60% respectively predicted by the experts.
Tue, Apr 25, 2017
Surpassing analysts estimates, HDFC Bank on April 21, reported 18.25% rise in standalone net profit, at Rs 3,990.09 crore compared to Rs 3,374.22 crore in the corresponding period of the previous year.
Fri, Apr 21, 2017
Motilal Oswal expected HDFC Bank's net profit at Rs 3,897.2 crore up 15.49% yoy and sequentially up 0.82% on qoq basis. While NII is expected at Rs 8,521.3 above 10.70% yoy and 2.55% qoq.
Thu, Apr 20, 2017
Shares of SBI today rose by 0.25 per cent to close at Rs 284.90, while ONGC ended at Rs 179.45, down 0.22 per cent on BSE.
In the previous three quarters of FY17, HDFC Bank has posted good growth in both top-line (net interest income) and bottom-line (profit after tax).
Tue, Apr 11, 2017
The survey stated, RBI's move in lifting up withdrawal limit on March 13, 2017, could have attributed to the happenings.
Fri, Apr 07, 2017
HDFC Bank on Friday announced the launch of Unified Payments Interface (UPI) on its multi-bank mobile payments banking app Chillr in Mumbai.
Sun, Mar 26, 2017
In hallmark style, the banker swiftly set out to remake India's second-largest private-sector bank into the digital spot for anything money-related, it said.
Wed, Mar 22, 2017
Samsung Electronics on Wednesday officially announced the launch of Samsung Pay in India. The company had earlier during the month unveiled the mobile payment platform and had already opened for registrations in India on its official website.
Sun, Mar 12, 2017
The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.
GSTN was set up in March 2013 as a non-profit, non-government company and is 51% owned by banks and financial institutions.
Tue, Mar 07, 2017
While Samsung Pay offers a safer option for payment instead of using card, the limited availability of the service on all its smartphone devices is a big hurdle.
The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”
SBI has also imposed restrictions on withdrawals of cash from its branches as well as ATMs.
Mon, Mar 06, 2017
Some of the Samsung devices on which Samsung Pay is supported includes Galaxy S7 edge, Galaxy S7, Note 5, S6 edge plus, A5 (2016) and A7 (2016) and all other new models of Samsung to follow.
One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.
Fri, Mar 03, 2017
Axis Bank said that five transactions or Rs 10 lakh, whichever is earlier, for cash deposits or withdrawals are free.
Thu, Mar 02, 2017
To discourage cash transactions and boost the digital payments, banks like HDFC Bank and others have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.
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