HDFC Bank announced on Saturday that it has reported a 6.7% year-on-year (Y-o-Y) rise in standalone net profit to Rs 17,616 crore for the January–March quarter of the financial year 2024–25 (Q4FY25), driven by growth in net interest income (NII) and lower provisions.
The market outlook for next week will be guided by several global and domestic factors such as q4 results, inflation data and updates on tariffs.
The Reserve Bank of India (RBI) has imposed a penalty of Rs 75 lakh on HDFC Bank, the country’s largest private sector lender, for not complying with directions in the RBI’s Know Your Customer (KYC) master direction, according to an official statement issued on Wednesday.
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
India's largest private lender HDFC Bank on Wednesday reported a 2.2 per cent rise in its net profit for Q3 this fiscal, as its gross non-performing assets (NPA) ratio rose during the quarter.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
Last week, six of the top 10 most valued firms together added Rs 86,847.88 crore in market valuation.
The stock of Reliance Industries Limited (RIL), India's largest company by market capitalisation, has slipped by 23 per cent from its highest level in July this year.
The leader in private sector lenders, HDFC Bank, has received an administrative warning from capital market regulator Securities and Exchange Board of India (Sebi), the bank informed through a company filing on Monday.
