Sat, Apr 20, 2024 3:32 PM
Q4 Results: HDFC Bank declares dividend ₹19.50 per equity share
A Flip by Shubhangi Gupta
Bank loans to commercial real estate which also includes residential construction, last fiscal year nearly tripled at 23 percent, excluding the impact of the merger of HDFC with HDFC Bank. Outstanding loans amounted to Rs 3.97 lakh crore.If one includes the merger impact, the loan growth works out 38.9 percent and the outstanding loans as of March 31 works out to Rs 4.48 lakh crore.
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BofA Securities raised share price targets on Indian telecom companies as it expects near-term momentum in the sector. The firm has upgraded its rating on Vodafone Idea from ‘Underperform’ to ‘Neutral’, and sees 9-16% upside in shares of Bharti Airtel, Indus Towers, and Reliance Industries. BofA said it expects a tariff hike of 20-25% as against earlier expectation.
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Six Adani Group firms have received so-called show-cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions, non-compliance of listing rules and validity of auditor certificates in the past, these companies said in their regulatory filings to the stock exchanges.
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