India's third largest lender HDFC Bank has announced its results for the quarter ended December 2010. It has reported a net profit of Rs 1,087 crore as against Rs 818 crore, a massive growth of 32.89% on year-on-year basis.

Net interest income went up by 24.87% to Rs 2,777 crore in December quart..

One day after the Credit Policy, banks have started pushing up deposit rates.
HDFC Bank was the first of the block raising deposit rates from 25 to 50 basis points, reports CNBC-TV18.

Central Bank of India will hike deposit rates by 25-50 bps from August.
Sources at Axis Bank said they too shou..

India’s second largest private lender HDFC Bank reported the highest profit growth in the past five quarters in the June 2010 quarter.

That should comfort investors, as the stock is trading at 30 times its trailing earnings and is one of most expensive stocks in the banking sector. Such a stratos..

At a recent CLSA conference, the housing finance major is said to have disclosed its intention to foray into education business, reports Nayantara Rai of CNBC TV18. The company is likely to use proceeds from the HDFC Standard Life IPO for its education foray. HDFC Standard Life is expected to come o..

MUMBAI: Equities were witnessing a choppy session in the absence of triggers to drive it in either direction. Oil & gas, and capital goods were the top performing sectorals indices while banks and FMCG slipped lower.

At 11:30 am National Stock Exchange’s Nifty was at 5133.60, up 4.7 points or 0...