Tag Archives: HDFC bank

HDFC has posted 20% increase in Net Profit for Q2

A recent press report said that the net profit of Housing Development Financing Corporation (HDFC) bank has increased to 20 per cent to Rs. 971 crore for the second quarter ended September 30 of this fiscal year compared to the corresponding period of last year. Last year HDFC bank posted a net profit of Rs.… Read More »

The HDFC Chairman has disagreed with the RBI on allowing complete waiver of prepayment charges

A recent press report said Mr. Deepak Parekh, Chairman, HDFC has disagreed with the present regulatory thinking on allowing complete waiver of prepayment charges. He said that serious problems may arise if there is complete waiver of all prepayment charges. Reports said that the Reserve Bank of India (RBI) had recently floated a proposal that… Read More »

HSBC has planned to grow unsecured retail business in India

A recent press report said that HSBC is planning to grow its unsecured Indian loan portfolio, mainly credit cards as its retail operation moves towards a return to profitability in Asia’s third-largest economy. Reports said that banks in the country have cut down unsecured lending after personal loans and credit card dues turned bad following… Read More »

HDFC Bank has Increased Interest Rates on Loans and Deposits

A recent press report said that the country’s HDFC Bank Limited has increased its lending rates by half a percentage point, in proportion to the rate increases by other key loaners after the RBI had hiked its policy rate by the similar margin. Reports said that the country’s second biggest private-sector bank by assets increased… Read More »

HDFC bank has opened a branch in Katra

A recent press report said that HDFC has opened its first branch in Katra, Jammu & Kashmir. With this, the Bank has opened a second branch in J&K this month and remains on track to set up 50 branches by year-end. The branch, which was inaugurated by Governor J&K, N.N. Vohra, who is also the… Read More »

Rising rates is likely hurt margin and asset quality of Housing finance companies

A recent press report said that the secular rise in interest rates over the past year or so is disappointing home buyers and has also affected the housing finance companies (HFCs) which may have to consider with a fall in income in the changed scenario. Reports said that the effect has not affected the performance… Read More »

Chikmagalur Kodagu Grameena Bank – Housing Loan Scheme

Purpose –           Construction /Purchase of House/flat; take over of loan availed for housing; purchase of site and construction of house; repairs /renovation./extension of an existing house Eligibility                     – Individuals who are resident Indians and aged between 18-60years and who have sufficient income to repay the loan subject to following conditions applicants should be properly introduced,… Read More »

HDFC has hiked its lending rate by 50 basis points

A recent press report said that Home loans major HDFC Ltd has hiked its retail prime lending rate by 50 basis points to 16.5 per cent, with effect from August 1, 2011. Reports said that the revised interest rates on floating rate home loan up to Rs 30 lakh has become 10.75 per cent; for… Read More »

Banks willing to sanction personal loans

As per a recent press report the banks in India are now willing to sanction more personal loan than before. According to the report, an IT professional said that he was sanctioned a personal loan in no time last week after he responded to a SMS offering the loan, this sums up the positive shift… Read More »

HDFC Bank has launched “Infinia” Cards

A recent press report said that HDFC Bank, has launched ‘Infinia’ cards for the uber-rich, high net worth community in India. Aditya Puri, managing director, HDFC Bank, told reporters at a press conference that the card has been positioned directly against Amex, and the company believes the card to be a better product. The card… Read More »