hdfc bank loan

The Karnataka High Court has strongly criticized a Regional Transport Office (RTO) officer for unilaterally confiscating a high-end car during ongoing legal proceedings. The court deemed the action unwarranted and improper, emphasizing that RTO officials must act with fairness. The registration was revoked despite the matter being sub judice, prompting the court to order its restoration.

Nomura cut Petronet LNG's target price due to West Asia crisis impacting volumes, while HSBC maintained a hold on Blue Star, citing demanding valuations. BofA Securities remains constructive on HDFC Bank despite chairman's exit, and Citigroup upgraded Dr Lal Pathlabs, expecting strong revenue growth and attractive valuations.

HDFC Bank said that its advances for the 2nd quarter rose 16% over last year, while deposits increased by 20%. The growth is much higher than the banking sector, which recorded a 12% year-on-year growth in deposits & 5.3% in advances until Sept 11. The bank's deposits stood at Rs 12.3 lakh cr from Rs 10.2 lakh cr a year ago. Advances rose to Rs 10.4 lakh cr from Rs 9 lakh cr.

HDFC Bank has launched pre-approved instant auto loans to its customers across 1,000 cities. HDFC Bank’s online auto loan offering. ZipDrive, is a technology-enabled loan product where credit assessment is done by banking software rather than employees and loan released in seconds.

The Reserve Bank of India (RBI) clearly mentioned that all lending institutions, including banks and housing finance companies, will have to give its borrowers a three-month moratorium on term loans.

Private sector lender HDFC Bank on Wednesday said it has recorded a 19.5 per cent increase in credit growth to Rs 15 lakh crore for the third quarter ended December 2022. The bank had outstanding credit at Rs 12.6 lakh crore at the end of December 31, 2021, HDFC Bank said in a regulatory filing.

According to HDFC Bank executives, the step-up repayment feature would reduce installments by 22-25%, while the bullet repayment feature will enable them to pay equated monthly installments (EMIs) for only 30-50% of the loan amount.

The country's largest private sector lender HDFC Bank on Wednesday said the elevated stress on unsecured loan assets noticed during the Covid-19 pandemic is over, and the bank is upbeat about the segment now.

HDFC Bank has increased its marginal cost of funds-based lending rates (MCLR) by 5 basis points for certain tenures. The new rates are effective from October 7, 2024.

HDFC Bank has raised its Marginal Cost of Funds-Based Lending Rate (MCLR) by up to 5 basis points for short-term loans. The overnight MCLR now stands at 9.20%, effective December 7, 2024.

HDFC Bank has reported 16.3% growth in deposits and 14% in advances during the year 2020-21. Yes Bank and IndusInd Bank too have reported high deposit growth of 54.7% and 27.7% respectively, indicating a gain in market share after a turbulent fourth quarter in FY20.