Previous close | 58.33 |
Open | 58.34 |
Bid | 58.40 x 1000 |
Ask | 58.49 x 800 |
Day's range | 58.30 - 58.75 |
52-week range | 52.16 - 71.39 |
Volume | |
Avg. volume | 3,143,750 |
Market cap | 147.886B |
Beta (5Y monthly) | 0.77 |
PE ratio (TTM) | 18.25 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.40 (2.40%) |
Ex-dividend date | 08 May 2024 |
1y target est | N/A |
Japan's Mitsubishi UFJ Financial Group (MUFG) is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank's non-banking unit, Bloomberg News reported on Monday. Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, citing people familiar with the matter. HDFC Bank, which had a 94.84% stake in HDB Financial as of March 2023, and MUFG both did not respond to a Reuters request for comment.
India's largest private lender HDFC Bank has surprised on deposit mobilisation and margin expansion despite a lower than expected fourth-quarter profit, analysts said. The private lender reported a sequential rise in profit but missed analysts' estimates as it set aside more funds for potential bad loans. HDFC Bank merged with parent Housing Development Finance Corp in July, following which analysts had flagged margin and liquidity concerns as the merger added a large pool of mortgage loans to the bank's portfolio but a much smaller amount of deposits.
MUMBAI (Reuters) -HDFC Bank, India's largest private lender, posted a smaller-than-expected quarterly profit on Saturday due to higher loan provisions, even as the bank's lending margins held steady from the previous quarter. HDFC Bank, the first Indian lender to report fiscal fourth-quarter results, posted a standalone net profit of 165.12 billion rupees ($1.98 billion) for the January-March quarter, below analysts' forecast of 173.15 billion rupees, according to LSEG data. HDFC Bank merged with parent Housing Development Finance Corp in July, meaning its results are not comparable on a year-over-year basis.