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.
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.
In FY 2023-24, 170 social start-ups received funding via 41 incubators, with a total of Rs 19.6 crore in the ‘Parivartan Start-up Grants programme.’
Bank’s advances inched up 1.6% from Rs 24.69 trillion at the end of December 31, 2023 (Q3 FY24).
