Over 80% of the health insurance policyholders believe that there are delays in claims which are intentional, designed to pressure policyholders into accepting lower claim amounts.
The research wing of CyberPeace on Wednesday claimed that 1.6 crore (16 million) customer records of HDFC Life Insurance are allegedly being sold on a Dark Web forum for 200,000 USDT (Tether cryptocurrency).
Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation.
HDFC Bank has issued an advisory, urging its customers to stay vigilant and avoid falling victim to fraudulent practices like digital arrest.
Last week, nine of the top 10 most valued firms together lost a whopping Rs 2,09,952.26 crore from market valuation. Hindustan Unilever and Reliance Industries Limited took the biggest hit.
Home finance company Housing Development Finance Corporation Ltd (HDFC) closed the Q2FY23 with a higher net profit of Rs 4,454.24 crore.
The largest private sector bank in India is investigating whether any extra funds placed in the accounts were withdrawn.
The company's profit before tax for the quarter ended March 31, 2022 stood at Rs 4,622 crore compared to Rs 3,924 crore in the corresponding quarter of the previous year, representing a growth of 18 per cent
"...the weakness in HDFC twins after the merger announcements is due to sustained selling by FPIs and shorting by speculators exploiting the FPI positioning in the stocks,"
According to brokerage firm Edelweiss, HDFC Bank's net profit is expected to increase by 24 per cent to Rs 10,183 crore in January-March 2022 quarter.
