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.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
The market capitalization (market cap) of HDFC Bank topped the Rs 14 trillion mark for the first-time ever on Thursday.
Last week, four of the top 10 most-valued firms together added Rs 81,151.31 crore in market valuation. ICICI Bank and HDFC Bank emerged as the biggest gainers.
The size of the IPO of HDB Financial Services Ltd (HDBFS) will be Rs 12,500 crore, including a fresh issue of Rs 2,500 crore, the bank said in a regulatory filing.
"The mega-merger news of the HDFC twins and the rare sight of a 15 per cent up-move in them today at a point in time propelled benchmark indices 2.5 per cent higher with good support from metal stocks," said S. Ranganathan, Head of Research at LKP securities.
Bajaj Finserv, UltraTech Cement, Sun Pharma, Titan, Tata Steel and Kotak Bank were among the gainers.
Its core net interest income grew 8.57 per cent to Rs 17,009 crore on advances growth of 14.4 per cent and the net interest margin coming at 4.1 per cent, while the other income grew 54.3 per cent to Rs 4,075 crore.
The AGM of the bank is scheduled for July 17, 2021 through video conferencing and other audio visual means.
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