24th Jan 17 HDFC Bank may register a decent growth in its net profit even as its loan growth is expected to come down
Analysts at CNBC have forecasted an increase in net profit of HDFC Bank during the third quarter of FY 17. As per the polls, the bank is likely to see a growth of 12 percent in its net profit Rs. 3, 770 crore on a year on year basis. Analysts have, however opined that the bank is likely to see a slower growth in its loan book. HDFC Bank is scheduled to announce its Q3 results on 25th January, 2017.
24th Jan 17 HDFC Bank to see a fall in its loan growth during third quarter of FY 17
Analysts at Bloomberg have forecasted a decline in loan growth of HDFC Bank during third quarter of FY 17. As per the reports, loan growth is likely to fall to 15.4 percent during the third quarter on a year on year basis. Retail loan disbursements and corporate loans are likely to suffer the most resulting in weak loan disbursements.
20th Jan 17 HDFC Bank to organize Digital Literacy Camp to train people in cashless transactions
HDFC Bank is planning to organize a Digital Literacy Camp to train people in executing cashless transactions via various digital payment platforms. The bank expects to target 25, 000 people across 275 different places in the state of Madhya Pradesh. The bank is planning to open 5 new branches in future in this state.
13th Jan 17 HDFC Bank reduces personal loan interest rates to 11.29 percent
HDFC Bank has reduced its personal loan interest rates by 20 basis points. The revised personal loan interest now stands at 11.29 percent as compared to 11.49 percent earlier.
05th Jan 17 HDFC Bank reduces personal loan balance transfer rates to 11.29 percent
HDFC Bank has announced reduction in personal loan balance transfer rates for special corporate. The rates are now revised to 11.29 percent as compared to 11.69 and 11.99 percent earlier. The new balance transfer rates are valid for all logins till 31st January, 2017.
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