by Amruth Sundarkumar | Oct 17, 2022 | Banks, India
India’s largest private lender HDFC Bank reported a 20% YoY rise in its net income to INR 106.1bn ($1.3bn), slightly beating estimates of INR 105.5bn ($1.3bn). The bank’s net interest income was up 19% YoY to INR 210.2bn ($2.6bn). Besides, the bank’s...
by Amruth Sundarkumar | Apr 5, 2022 | Banks, India
India’s largest housing finance company HDFC Ltd. will merge with India’s largest private sector bank by assets HDFC Bank. The subsidiary and associates of HDFC Ltd. will now come under HDFC Bank. Shareholders of HDFC Ltd. will receive 42 shares of HDFC Bank for...
by Amruth Sundarkumar | Jan 17, 2022 | Banks, India
HDFC Bank reported an 18% YoY rise in Q3 profits to INR 103bn ($1.4bn) with its net interest income (NII) rising 13% to INR 184bn ($2.5bn) for the quarter ended December. Retail loans grew 13.3%, commercial and rural banking loans grew 29.4% and corporate and other...
by Amruth Sundarkumar | Aug 19, 2021 | High Yield Bonds, India
HDFC Bank raised $1bn via a debut dollar bond, a PerpNC5 AT1 at a yield of 3.7%, a solid 42.5bp inside the initial guidance of 4.125% area. The bonds have expected ratings of Ba3 and received orders over $4.4bn at final guidance, 4.4x issue size. Final orders are yet...
by Amruth Sundarkumar | Jul 30, 2021 | Banks, India
HDFC Bank has hired investment banks Barclays, Bank of America, Citi, HSBC, JP Morgan, Standard Chartered, MUFG, SocGen and BNP Paribas to raise between $500mn to $1bn via its first ever AT1 as per sources. The issue is expected to be launched as early as next week....
