HDFC Bank Ltd (HDFA.MU)
| Previous close | 54.50 |
| Open | 54.50 |
| Bid | 54.00 x N/A |
| Ask | 54.50 x N/A |
| Day's range | 54.50 - 54.50 |
| 52-week range | 49.00 - 64.50 |
| Volume | |
| Avg. volume | 3 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 12 Jul 2024 - 16 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
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.
BloombergMUFG Said to Weigh Sweeter HDBF Offer as It Eyes Say in Strategy
(Bloomberg) -- Mitsubishi UFJ Financial Group Inc. is considering sweetening its $1.7 billion offer for a minority stake in HDFC Bank Ltd.’s consumer lending unit in India, with a deal potentially hinging on valuation and the Japanese bank having a say in strategy, according to people familiar with the matter. Most Read from BloombergTrump Has Only $6.8 Million for Legal Fees With Trial UnderwayTikTok to Remove Executive Tasked With Fending Off US ClaimsChina Is Front and Center of Gold’s Record
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.
