HDFC Bank News - HDFC Bank Announcement, Latest News on HDFC Bank - The Economic Times (2023)

FAQs

Will HDFC Bank give bonus shares? ›

Stock Price Forecast

The 36 analysts offering 12-month price forecasts for HDFC Bank Ltd have a median target of 65.95, with a high estimate of 73.95 and a low estimate of 52.82. The median estimate represents a -5.19% decrease from the last price of 69.56.

We believe, superior underwriting practices, higher liquidity, adequate coverage and strong capital position makes the bank well placed and we recommend Buy with revised price target of ₹1,831," said LKP Securities.

For the year ending March 2022 HDFC Bank has declared an equity dividend of 1550.00% amounting to Rs 15.5 per share. At the current share price of Rs 1617.65 this results in a dividend yield of 0.96%.

Direct investment: You can buy HDFC Bank Ltd (HDFCBANK) shares by opening a Demat account with Angel One.

In March 1995 HDFC Bank launched Rs 50-crore initial public offer (IPO) (5 crore equity shares at Rs 10 each at par) eliciting a record 55 times oversubscription.

Is HDFC Bank Debt Free? ›

The debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity. HDFC Bank debt/equity for the three months ending September 30, 2022 was 0.96.

Investment Rationale

Continued VNB CAGR of >20% will require better margin and APE growth. However, basis track record (VNB CAGR for past 5 years has been 29%), well balanced product (ULIP mix of 20%) and distribution mix, it remains positive on HDFC Life.

Hence FIIs are selling their holdings in emerging markets like India to return to the safety of dollars. FIIs have sold Rs 2.1 tn worth of equities in India so far in 2022. They have also been selling the shares of HDFC Bank. In fact, FIIs have been divesting their stake in HDFC Bank since June 2021 quarter.

Holding stocks for the long-term can help you ride the highs and lows of the market, benefit from lower tax rates, and tend to be less costly.

You could hold stock in your demat account or in physical form as long as you want. Some people keep it for 1 days while others keep it for 20 - 30 years. For example, many people hold SBI shares for 30+ years now in paper or demat format.

Bonus shares in October 2022: Shares of Ruchira Papers, Shivalik Bimetal Controls, Kaarya Facilities and Services, SecMark Consultancy and Gretex Corporate Services are going to trade ex-bonus next week.

The record date is a cut-off date set by the company and the investors must be shareholders of the company before this date for them to be eligible to receive bonus share issue. Besides, the ex-date is a day preceding the record date set by the company.

Bonus shares will be issued out of credit of the share premium account of the company available on the basis of audited financial statements as of 30th September, 2022," added the company's filing.

This means, the small-cap stock will trade ex-dividend on 28th October 2022 i.e. on Friday this week. The small-cap company has declared interim dividend of ₹0.25 per equity share after giving ₹0.30 per equity share dividend in August 2022.

SOUTHERN PINES, N.C., Sept. 15, 2022 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on October 25, 2022 to shareholders of record as of September 30, 2022.

How many times HDFC give dividend? ›

1 each (post-split), to commemorate 25 years of the Bank's operation. Payout ratio is calculated as a percentage of dividend (including dividend tax) recommended for the year to the net profit for that year.

Details here. HDFC Bank on Saturday announced ₹15.50 dividend and record date for finalising eligible shareholders for dividend payment has been fixed on 13th May 2022.

Many forums will tell you that Monday is the best day to buy stocks, while Friday is the best day to sell stocks. The logic behind this advice is that stock prices are said to be at the lowest on a Monday (meaning you will buy shares at a lower price).

Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday offloaded 3.86 lakh shares of private lender HDFC Bank for around rs 51 crore through open market transaction.

With the merger with HDFC Ltd imminent and approvals also expected to be positive, we believe HDFC Bank has the potential to deliver good returns to investors in the next one year. Valuations are compelling (TTM P/B 3.1x FY22 BVPS Rs 450) and asset quality is the best in the sector (Net NPA 0.4 per cent).

Will HDFC Bank share be split? ›

Every HDFC shareholder will get 42 shares of HDFC Bank for every 25 shares held. Following the merger, the combined balance sheet will be Rs 17.87 lakh crore and the net worth will be Rs 3.3 lakh crore, as of the December 2021 balance sheet.

After the merger, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank. Shareholders of HDFC Ltd will receive 42 shares of HDFC Bank (face value of Re 1 each) for 25 shares of HDFC Ltd of Rs 2 each — a ratio of 1:1.68.

Having offered the best-in-class financial and banking products and services for decades, today, HDFC Bank holds the status of being India's most trusted bank.

What percentage of America is debt-free? According to that same Experian study, less than 25% of American households are debt-free. This figure may be small for a variety of reasons, particularly because of the high number of home mortgages and auto loans many Americans have.

The Reserve Bank of India (RBI) has imposed, by an order dated May 27, 2021, a monetary penalty of ₹10.00 crore (Rupees ten crore only) on HDFC Bank Limited (the bank) for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949 (the Act).

People avoid spending on insurance. It has no guaranteed returns. Hence people are reluctant to spend on insurance. This has impacted the business of HDFC Life Insurance.

After the merger, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank. Shareholders of HDFC Ltd will receive 42 shares of HDFC Bank (face value of Re 1 each) for 25 shares of HDFC Ltd of Rs 2 each — a ratio of 1:1.68.

Will HDFC Bank share price increase after merger? ›

Mistry said the share price will adjust once investors understand the advantages of the merger which include lower cost of funds for HDFC, wider branch network, deeper customer base, cross-selling opportunities for the bank and increase in foreign holding due to higher number of floating shares.

To begin with, why did HDFC merge with the bank? According to HDFC Chairman Deepak Parekh, one of the reasons for the merger is the tightening RBI regulations of non-banks which has made raising money for NBFCs difficult.

It depends on you. But ideally, it is said that you should not sell a stock that is doing good business and has a good market share. Holding stocks for a longer duration will eventually give you profit only. And also, if you do not need urgent money, you should not sell a stock.

There are retail investors who choose to invest in fundamentally strong stocks and remain invested for the long haul. This can even mean a period of 3, 5, 10 or more years. You have to do your due diligence when looking at the best long term stocks to buy in India.

Benefits Of Holding A Stock For Long Term

Long-term investments almost always give you more gains and profits and they outperform the market when the investors try and hold on to their investments and time them accordingly. Secondly, the biggest advantage of holding a stock for the long term is that it is less costly.

Mistry said the share price will adjust once investors understand the advantages of the merger which include lower cost of funds for HDFC, wider branch network, deeper customer base, cross-selling opportunities for the bank and increase in foreign holding due to higher number of floating shares.

HDFC Asset Management Company Ltd. has not split the face value of the share since Jan 1, 2000.

Who will benefit from HDFC merger? ›

After the merger, HDFC Bank will be entirely publicly owned and existing shareholders of HDFC Ltd will get 41% of HDFC Bank's ownership.

ITC bonus shares detail

It has given bonus shares in the ratio of 1:2 in September 2005, which means an investor was given one bonus shares for holding two shares of the company.

Bonus shares will be issued out of credit of the share premium account of the company available on the basis of audited financial statements as of 30th September, 2022," added the company's filing.

The HDFC-HDFC Bank merger is expected to be completed by April-May 2023. In April, the board of directors of HDFC and HDFC Bank had approved a merger of the two entities subject to regulatory approvals. Every HDFC shareholder will get 42 shares of HDFC Bank for every 25 shares held.