India’s second largest private sector lending firm, HDFC Bank, has reported a surge of 24.27% in its net profit to touch Rs.663.9 crore for the second quarter of the 2009-2010, which ended on Sep 30. HDFC Bank had made a net profit of Rs.534.23 crore in the corresponding period last ...

Housing Development Finance Corp (HDFC) said that it has plans to raise Rs.4,000 crore via the private placement of securities.
 
The company has requested its shareholders' approval for issuance of warrants with redeemable, non-convertible debentures to qualified institutional buyers not ...

Housing Development Finance Corp (HDFC) has seen its net profit for the quarter ended June 30 increase over 20% to Rs.565 crore, as compared to Rs.468 crore in the corresponding period last fiscal.
 
The company's total income increased 22.8% to Rs.2,849 crore from Rs.2,318 crore, it said ...

HDFC Bank, India’s second largest private lender, on Monday reduced its benchmark lending rate by 25 basis points to 15.75 percent.
 
"The benchmark prime lending rate has been reduced to 15.75 percent per annum with effect from July 20," the bank said on its official ...

HDFC Bank, India’s second largest private lender, on Tuesday, announced its Q1 net profit for 2009-2010 which is up by 31% to reach Rs. 606 crore. The Q1 net profit in 2008-09 fiscal was Rs. 464.35 crore.
 
The bank's net income for the period under review grew 21.86% to Rs.5,136.75 ...

The premier home loan financier of India, HDFC, has trimmed its deposit rates by up to 0.25% across various maturity periods which will have an immediate effect on all its customers.
 
The spokesperson for the HDFC told the media that the reduction in the deposit rates will take immediate ...

ICICI Bank and HDFC Bank have slashed the interest rates on home and auto loans by 50 basis points. The reduction in rates on home and auto loans will apply to new as well as existing customers.

Other big lending houses are slowly following suit to attract people into taking loans. A cut by 25 ...

Housing Development Finance Corporation Limited (HDFC), India's largest housing finance company, has announced a 50 basis points reduction in its retail prime lending rate (RPLR) to 14%. The recent reduction will be effective from today (25th March). This is second time in last three months ...

HDFC announced on Tuesday (February 10) to install its first back office operations hub in eastern India at Rajrahat, Kolkata. According to a top official of HDFC, the eastern India hub will come up at an initial cost of Rs 6 crore. Talking to media, HDFC vice-president and regional head (eastern ...

The country's top housing finance provider HDFC Friday (16th January) announced a lower interest rate of 9.75 per cent for new loans up to Rs 30 lakh, bringing the rates to lowest level in about three years.
 
Under the limited period offer applicable to new floating rate customers, the ...

Home finance major HDFC reduced home loan rates by 50 basis points for all its existing floating rate customers. HDFC also said that it will charge 10.25 percent of interest annually from new applicant for a loan of Rs 20 lakh or less. And for loans of more than Rs 20 lakh, it will charge interest ...

One of the most successful private banks of India, HDFC Bank has expanded its banking system by opening an international branch in Bahrain. The new HDFC branch was inaugurated by the governor of Central Bank of Bahrain (CBB), Rasheed Al Maraj at the Bahrain Financial Harbour (BFH) on October 22, ...

HDFC Bank of India has tied up with Qatar National Bank to offer its products and services to Indian expatriates in Qatar. Abhay Aima (group head for private banking, NRI and international consumer business) of HDFC Bank talking about the tie up said that the alliance with QNB will enable both the ...

HDFC Bank on Tuesday, May 6, 2008 launched funds transfer on mobile commerce network, NGPAY. HDFC Banks claims to have become the first bank in India where range of services such as accessing bank accounts, shopping, ticketing, and payments are made available through mobile.
 
NGPAY ...