HDFC Bank third Indian co to cross Rs 5 lakh crore m-cap

HDFC Bank became the third Indian company to cross a new milestone of Rs 5 lakh crore in market capitalisation in early trade on Thursday.  IT major Tata Consultancy Services and oil and telecom behemoth Reliance Industries have achieved this feat earlier.  The stock bolted out, surging as much as 3.3 per cent to a fresh all-time high of Rs […]

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Snapdeal-HDFC Bank credit card crosses 1.5 lakh users

E-commerce portal Snapdeal's co-branded credit card with HDFC Bank has crossed over 1.5 lakh users since inception in August 2016. So far the only credit card by an ecommerce player, over 1 lakh Snapdeal-HDFC Bank credit cards were issued in 2017. In December 2017 alone, the credit card clocked monthly spends worth Rs 100 crore, its highest so far. Snapdeal claims credit card users spent 2.8 times […]

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HDFC to raise Rs11,104 crore from investors including GIC, KKR

Housing Development Finance Corp Ltd (HDFC) will be raising around Rs11,104 crore from marquee institutional investors like KKR, GIC and Premji Invest among others, the firm stated in a stock exchange notification on Saturday. Separately, the country’s largest mortgage lender will also be raising up to Rs1, 896 crore through qualified institutional placement (QIP). The housing finance company has roped […]

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