New Delhi, July 11 (IANS) HDFC Bank has reaffirmed its commitment to the highest standards of corporate governance, saying an independent legal review found that the concerns raised by former chairman Atanu Chakraborty in his resignation letter were not substantiated by records reviewed and witness interviews, according to the bank’s annual report released on Saturday.In its FY26 annual report, interim part-time Chairman Keki M. Mistry assured shareholders that the country’s largest private sect…
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New Delhi, July 4 (IANS) HDFC Bank — India’s largest private lender — on Saturday reported double-digit growth in both deposits and advances for the quarter ended June 30 (Q1 FY27).According to the bank’s latest business update, total deposits increased 14.7 per cent year-on-year to Rs 31.70 lakh crore as of June-end, the bank said in an exchange filing.Time deposits increased more than 17 per cent from a year ago to Rs 21.45 lakh crore, while current account and savings account (CASA) deposit…
New Delhi, June 30 (IANS) Shares of India’s largest private lender, HDFC Bank, traded lower in early trade on Tuesday after the bank appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years.The private lender’s stock declined as much as 0.62 per cent to Rs 794, hitting an intraday low on the BSE at around 9:45 am.At the last count, the stock was trading at Rs 794.55, down 0.56 per cent.The selling pressure came after the bank — in a regulatory fil…
Mumbai, June 29 (IANS) HDFC Bank has appointed former Finance Secretary Rajiv Kumar as its new part-time Chairman for a period of three years, according to a regulatory filing made by the private sector lender on Monday. The appointment brings an experienced policymaker and former bureaucrat to the helm of the bank’s board at a time when the institution is focusing on strengthening governance and oversight.Kumar succeeds former chairman Atanu Chakraborty, who stepped down earlier this year citin…
New Delhi, June 29 (IANS) Former HDFC Bank Chairman Atanu Chakraborty has described the legal review of his resignation as being caveated and superfluous, saying it focused largely on compliance issues instead of the broader concerns he had raised about certain business practices at the bank, according to a report.NDTV Profit reported that the external legal firms appointed by HDFC Bank — Wadia Gandhy and Wilson Soni — reviewed Chakraborty’s resignation statement by relying largely on select e…
Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) has approved the extension of Keki Mistry as interim part-time chairman of HDFC Bank for a further period of three months, it was announced on Thursday.In an exchange filing, HDFC Bank said the RBI, through a communication dated June 18, 2026, approved the extension of Mistry’s tenure until September 18, 2026, or until the appointment of a regular part-time chairman, whichever is earlier.“The RBI has granted approval for the extension of t…
Mumbai, May 27 (IANS) HDFC Bank on Wednesday dismissed allegations linked to alleged payment irregularities involving Rs 45 crore, saying assumptions of wrongdoing based on selective material were misplaced and that all matters are handled in accordance with established internal processes.The private lender asserted that the bank follows robust internal oversight, audit and control processes.“We strongly reject any assumptions of wrongdoing or culpability based on selective material. All issue…
New Delhi, April 18 (IANS) HDFC Bank on Saturday said the process for re-appointing its Managing Director and CEO Sashidhar Jagdishan will be taken up ‘in due course’, with the bank’s nomination and remuneration committee (NRC) currently seized of the matter.Responding to a query by NDTV Profit, Deputy Managing Director Kaizad Bharucha said the committee will take a final call on Jagdishan’s reappointment at an appropriate time.Jagdishan’s current tenure is set to end in October 2026.M…
Mumbai, April 18 (IANS) India’s largest lender HDFC Bank on Saturday reported an 8.04 per cent rise in its consolidated net profit to Rs 20,350.76 crore for the January–March quarter (Q4 FY26), compared to Rs 18,834.88 crore in the year-ago period.The bank’s interest income stood at Rs 87,182.50 crore during the quarter, marginally higher than Rs 87,066.94 crore in Q3 and Rs 86,779.34 crore a year ago.On a standalone basis, net interest income (NII) rose to Rs 33,082 crore, a 3.2 per cent in…
Mumbai, April 4 (IANS) HDFC Bank on Saturday reported a widening gap between credit and deposit growth in the March quarter, as strong loan expansion continued to outpace relatively slower deposit mobilisation, keeping the bank’s credit-deposit ratio elevated.The bank’s gross advances rose around 17 per cent year-on-year (YoY) to nearly Rs 25 lakh crore as of March 31, compared to about Rs 21.4 lakh crore a year ago, according to an exchange filing.On a sequential basis, loan growth remained…