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HDFC Life completes acquisition of Exide Life

HDFC Life completes acquisition of Exide Life

🕔10:20, 2.Jan 2022

New Delhi, Jan 2 (IANS) HDFC Life Insurance Company Limited (HDFC Life) on Saturday announced the completion of the acquisition of Exide Life Insurance Company Limited (Exide Life), subsequent to receiving all relevant regulatory approvals. Effective Saturday, Exide Life will operate

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HDFC Life closes first half with lower PAT of Rs 577 cr

HDFC Life closes first half with lower PAT of Rs 577 cr

🕔20:47, 22.Oct 2021

Chennai, Oct 22 (IANS) Private insurance major HDFC Life Insurance Company Ltd closed the first half of the current fiscal with a net profit of about Rs 577 crore, down from Rs 777 crore logged during previous year corresponding period, MD

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HDFC Bank’s Q2FY22 YoY net profit up 17.6%

HDFC Bank’s Q2FY22 YoY net profit up 17.6%

🕔20:50, 16.Oct 2021

Mumbai, Oct 16 (IANS) Lender HDFC Bank on Saturday reported a year-on-year rise of 17.6 per cent in its net profit for Q2FY22. The bank’s net profit increased to Rs 8,834.3 crore during the period under review over the quarter ended

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Reliance Industries tops India Inc in World’s Best Employer rankings 2021

Reliance Industries tops India Inc in World’s Best Employer rankings 2021

🕔15:19, 14.Oct 2021

New Delhi, Oct 14 (IANS) Reliance Industries Limited, Indias largest corporate by revenues, profits and market value, topped Indian corporates in the Worlds Best Employers rankings 2021 published by Forbes. Reliance Industries was placed at 52 in the overall ranking of

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HDFC Life to acquire Exide Life for Rs 6,687 Cr

HDFC Life to acquire Exide Life for Rs 6,687 Cr

🕔12:14, 3.Sep 2021

Chennai, Sep 3  HDFC Life Insurance Company Limited (HDFC Life) on Friday announced the acquisition of Exide Life Insurance Company Ltd (Exide Life) from Exide Industries Ltd for Rs 6,687 crore. The process for merger of Exide Life into HDFC

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HDFC’s consolidated net profit up 31%

HDFC’s consolidated net profit up 31%

🕔20:11, 2.Aug 2021

Mumbai, Aug 2  Housing Development Finance Corporation (HDFC) on Monday reported a rise of 31 per cent in consolidated net profit for Q1FY21, on year-on-year basis. The company’s consolidated net profit rose to Rs 5,311 crore from Rs 4,059 crore

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New long only India portfolio launched

New long only India portfolio launched

🕔15:52, 2.Jul 2021

New Delhi, July 2  Christopher Wood, Global Head of Equity Strategy at Jefferies, has announced the launch of a long-only India portfolio similar to the existing long-only Japan and China portfolios. Wood said India has nearly always had a significant

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Indiabulls Housing ties up with HDFC for co-lending

Indiabulls Housing ties up with HDFC for co-lending

🕔07:36, 22.Apr 2021

Mumbai, April 22  Indiabulls Housing Finance Ltd has entered into a strategic co-lending partnership with HDFC Ltd to offer housing loans to homebuyers at competitive rates. The participation by both the entities in extending the credit facilities shall be on

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HDFC’s Q3 standalone net profit falls 42%

HDFC’s Q3 standalone net profit falls 42%

🕔07:36, 3.Feb 2021

New Delhi, Feb 3  Housing Development Finance Corporation (HDFC) on Tuesday reported a 65 per cent fall in its standalone net profit for the quarter ended December at Rs 2,925.83 crore. During the same period of the last financial year,

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Yes Bank corporate agent for HDFC Life Insurance

Yes Bank corporate agent for HDFC Life Insurance

🕔17:53, 22.Sep 2020

Chennai, Sep 22  HDFC Life Insurance Company Limited on Tuesday said it has entered into a corporate agency arrangement with Yes Bank. Yes Bank as a corporate agent of HDFC Life can sell a range of life insurance products to

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HDFC disburses CLSS loans to over 2 lakh home buyers

HDFC disburses CLSS loans to over 2 lakh home buyers

🕔17:12, 6.Sep 2020

Mumbai, Sep 6 HDFC Ltd. has disbursed home loans to over 2 lakh home buyers under the Pradhan Mantri Awas Yojana’s (PMAY) credit linked subsidy scheme (CLSS). In a regulatory filing on Sunday, the lender said that it approved over Rs

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Chinese central bank investment in ICICI Bank raises eyebrows

Chinese central bank investment in ICICI Bank raises eyebrows

🕔07:23, 19.Aug 2020

New Delhi, Aug 19  After the disclosure of a holding in HDFC, the Chinese central bank Peoples Bank of China has now acquired an equity stake in ICICI Bank. The government had in April notified new norms for FDI investments

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HDFC’s Q1FY21 net profit at over Rs 3K cr

HDFC’s Q1FY21 net profit at over Rs 3K cr

🕔18:14, 30.Jul 2020

Mumbai, July 30 Mortgage lender HDFC on Thursday reported a standalone net profit of Rs 3,052 crore for Q1FY21. The company had reported a net profit of Rs 3,203 crore during the like period of the previous year. According to the

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HDFC cuts retail prime lending rate by 20 bps

HDFC cuts retail prime lending rate by 20 bps

🕔13:48, 12.Jun 2020

Mumbai, June 12  The Housing Development Finance Corporation (HDFC) on Friday reduced the retail lending rate on both home and non-home loans by 20 basis points with immediate effect. In a regulatory filing, the company said that the reduction will

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RBI directs HDFC to reduce stake in HDFC Ergo, HDFC Life to 50% or below

RBI directs HDFC to reduce stake in HDFC Ergo, HDFC Life to 50% or below

🕔13:46, 18.May 2020

New Delhi, May 18  The Reserve Bank of India has directed HDFC Limited to bring down its stake in its subsidiaries HDFC Ergo and HDFC Life Insurance to 50 per cent or below. The RBI has directed that post merger

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HDFC cuts prime lending rate by 15 bps, home loans to be cheaper

HDFC cuts prime lending rate by 15 bps, home loans to be cheaper

🕔07:03, 22.Apr 2020

Mumbai, April 22  Housing Development Finance Corp (HDFC) has reduced its prime lending rate by 15 basis points with effect from Wednesday. The change will benefit all HDFC retail home customers, the company said in a regulatory filing on Tuesday.

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HDFC Group commits Rs 150 crore to PM CARES Fund

HDFC Group commits Rs 150 crore to PM CARES Fund

🕔15:02, 2.Apr 2020

New Delhi, April 2  Financial services conglomerate HDFC Group on Thursday committed Rs 150 crore to the PM CARES Fund to support the fight against coronavirus pandemic. Deepak Parekh, Chairman, HDFC Ltd, said: “These are uncertain and trying times for

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IndianOil and HDFC Bank launch co-branded fuel credit card for non-metro cities and towns

IndianOil and HDFC Bank launch co-branded fuel credit card for non-metro cities and towns

🕔05:22, 26.Sep 2019

Unmatched fuel benefits; up to 50 litres free annually Available on RuPay and Visa networks  Chandigarh, September 25, 2019: IndianOil and HDFC Bank Ltd. today launched a co-branded fuel credit card for users from non-metro cities and towns. The IndianOil

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HDFC to buy 51% stake in Apollo Munich Health Insurance

HDFC to buy 51% stake in Apollo Munich Health Insurance

🕔07:27, 20.Jun 2019

Mumbai, June 20  HDFC Ltd will acquire the entire 50.8 per cent shareholding of Apollo Group in Apollo Munich Health Insurance Company for Rs 1,336 crore, according to an announcement here on Wednesday. Earlier in the day, both HDFC and

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NTPC Signs Loan Agreement with HDFC Bank

NTPC Signs Loan Agreement with HDFC Bank

🕔19:25, 5.Feb 2019

A term loan agreement for ₹2500 Crore was signed with HDFC Bank Limited on 4th February, 2019. The loan facility is extended at an interest rate linked to 3-Month MCLR of the Bank. The loan has a door to door

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