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In July 2001, HDFC Bank's ADS listed on the New York Stock Exchange after an IPO. [20] In 2008, HDFC Bank acquired the Centurion Bank of Punjab (CBoP) for ₹ 9,510 crore (US$2.19 billion) in a share-swap deal, reportedly the largest acquisition in the Indian financial sector at the time. [21]
Market capitalization (Rs Cr) 1 ... Information Technology 12.19 3 HDFC Bank Banking 11.29 4 ICICI Bank Banking 6.54 5 Hindustan Unilever (HUL) Consumer Goods
HDFC held 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank were wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]
The NIFTY 50 index is a free float market capitalisation-weighted index.. Stocks are added to the index based on the following criteria: [1] Must have traded at an average impact cost of 0.50% or less during the last six months for 90% of the observations, for the basket size of Rs. 100 Million.
The immediate impact was a drastic fall in share prices and market index, causing a breakdown of the securities control system operation with the commercial banks and the RBI. [21] Around ₹35 billion from the ₹2,500 billion market was withdrawn, causing the share market collapse.
Market operators are individuals or entities that actively engage in buying and selling securities to influence their prices for profit. They operate through various strategies, such as arbitrage, short selling , high-frequency trading , front running , churning , scalping , wash trading , spoofing, and layering, often leveraging sophisticated ...
In May 2021, Housing Development Finance Corporation (HDFC), entered into a share purchase agreement for the sale of 44,12,000 equity shares of Rs. 10 each, representing 0.62% of the issued and paid-up share capital of HDFC ERGO, in accordance with the direction of Reserve Bank of India to reduce its shareholding in the latter to 50% or below ...
According to a Reserve Bank of India report, mutual funds attracted 6% of household savings in FY2023 and less than 1% went into direct equities. [39] [40] [41] Almost 95% of household savings in India are held in bank deposits, including fixed deposit, provident fund, PPF, life insurance, and various small savings schemes. [39] [40] [41]