HDFC Bank, the country’s biggest private sector lender, reported gross advances growth of 7% at ₹25.19 lakh crore as of September 30, 2024 as compared with over ₹23.54 lakh crore as of September 30, 2023. HDFC Bank’s advances under management, which includes advances grossing up for inter-bank participation certificates, bills rediscounted and securitisation/assignment, were ₹26.33 lakh crore.
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Steel pipes manufacturer JTL Industries board has approved 1:1 stock split which means each share of Rs 2 face value will split into two shares of Re 1 each. The share sub-division is subject to the shareholders’ approval, to be obtained in the ensuing extra-ordinary general meeting, the company said in an exchange filing.
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Yes Bank‘s share price was upbeat on Friday morning looking to halt its three-session losing streak. Nomura maintained its “neutral” rating on Yes Bank, following its Q2 business update. The brokerage firm has set a target price of ₹17. The analysts said that the update highlights strong deposit growth, especially driven by the increase in current account and savings account deposits.
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