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.
At 9.39 a.m., Sensex was up 687 points or 0.83 per cent at 83,635 and Nifty was up 197 points or 0.78 per cent at 25,575.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
HDFC’s CSR programme, Parivartan, has been active for over a decade and its initiatives, spread across 28 states and eight Union Territories, have impacted over 10 crore lives.
HDFC Bank shares ended with a loss of 4.50%, dragging the key indices most after the company's June-quarter business updates showed a sequential fall in advances and deposits.
The HDFC Bank informed its customers that it will stop sending SMS alerts for any UPI spend below Rs 100 or receipt of money less than Rs 500.
