HDB Dec 2024 70.000 call
| Previous close | 0.8000 |
| Open | 1.0500 |
| Bid | 0.8500 |
| Ask | 1.2500 |
| Strike | 70.00 |
| Expiry date | 2024-12-20 |
| Day's range | 1.0500 - 1.0500 |
| Contract range | N/A |
| Volume | |
| Open interest | 208 |
Insider MonkeyIs HDFC Bank Limited (HDB) Facing Temporary Headwinds?
Baron Funds, an investment management company, released its “Baron Emerging Markets Fund” first quarter 2024 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund returned 2.50% (Institutional Shares) compared to a 2.37% return for the MSCI EM Index (primary benchmark Index) and a 2.98% gain for the […]
ReutersJapan's MUFG mulls sweeter offer for India's HDB Financial, Bloomberg News reports
Japan's Mitsubishi UFJ Financial Group (MUFG) is considering sweetening its $1.7 billion offer for a minority stake in Indian lender HDFC Bank's non-banking unit, Bloomberg News reported on Monday. Both sides are looking to reach an agreement for a 20% stake in HDB Financial Services in about a month, the report said, citing people familiar with the matter. HDFC Bank, which had a 94.84% stake in HDB Financial as of March 2023, and MUFG both did not respond to a Reuters request for comment.
ReutersIndia's HDFC Bank surprises on margin trajectory, garnering deposits, analysts say
India's largest private lender HDFC Bank has surprised on deposit mobilisation and margin expansion despite a lower than expected fourth-quarter profit, analysts said. The private lender reported a sequential rise in profit but missed analysts' estimates as it set aside more funds for potential bad loans. HDFC Bank merged with parent Housing Development Finance Corp in July, following which analysts had flagged margin and liquidity concerns as the merger added a large pool of mortgage loans to the bank's portfolio but a much smaller amount of deposits.
