Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
We wish to inform you that the Bank has allotted today 4620503 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS). The paid up share capital of the Bank will accordingly increase from Rs.5420636066 equity shares of Rs 2/- each to Rs. 5429877072 equity shares of Rs 2/- each. Day Trading Guide For August-21
2097 HDFC Bank S1S2R1R2COMMENT 2085207021102125 Consider initiating fresh long positions with a tight stop-loss if the stock advances above Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the applicable provisions of the Regulations, please find attached herewith the schedule of analysts/ institutional investor meets held on 16th August, 2018 at Mumbai.
Stock Screener: as skeletons tumble out of closets, HDFC Bank and Axis move in different directions, and Kotak Bank emerges as a key player
By Suhani Adilabadkar The Nifty Private Bank Index has jumped almost 80% over the past two years. The index after making a high of 15400 in January this year, slumped 2000 points lower in March, but has since been rising and is almost some 90 points away from its 52 week high.The Nifty PSU Bank index on the other hand, is trading at 27% lower to its 52 week high thanks to lackluster performance of its constituents, coupled with poor asset quality. This stock screener takes a closer look at the performance of these banks, and we do a detailed analysis below. Quick Takes HDFC Bank has stayed a banking stalwart, while Axis Bank and ICICI Bank have come under the lens for financial irregularities Kotak Mahindra Bank has been among the top performers in emerging private banks. Among the newest banking entrants, RBL Bank looks like the strongest contender for moving up to the next level and competing with the likes of Yes Bank and Kotak Mahindra. The rest need to hone their operational skills, expand their network, manage their asset quality. HDFC Bank and Axis Bank: a story of diverging fortunes They all started together - ICICI Bank and HDFC Bank in 1994, and Axis Bank one year older than its contemporaries. Almost 25 years down the line, they have moved in divergent paths with HDFC Bank still maintaining its bedrock status with high operational standards. Though profitability growth rates are no longer in the 30% zone, the asset quality is well maintained, with high CASA of around 42% and NIM above 4%. Axis Bank on the other hand seems to be on the road to recovery as per June quarter numbers with PAT back in black after a terrible and unexpected net Loss of Rs. 219 Mn in March quarter FY18. Though the NPA ratios still remain elevated, Net Interest Income for the June quarter grew 12% YOY and 9% QOQ, NIM at 3.46%, provisions down 54% sequentially and Advances and Deposits rising at 14% YOY. The Loan book for Axis is now more tilted towards Retail and SME than corporate segment and exposure to its major stressed sector, power has reduced from 5.2% in June 2017 to 2.6% June 2018. But all this was too late for its MD and CEO, Shikha Sharma in the driver seat since 2009 as RBI expressed its discomfort over her re-appointment for the fourth time in a row in April this year. RBI has done immeasurable service to the investor community and saved Axis Bank from becoming another ‘Wipro’ for the Private banking industry. For investors of ICICI Bank, it has been hard to digest the ugly facts coming out in recent news. Apart from in-appropriation of loans, the latest charge has been with respect to ‘ever-greening of loans’ and hiding NPAs leading to higher artificial profits right from the year 2014. Though swatchata abhiyaan seems to be underway with a change in leadership, it will take some time for a once respected company to regain its momentum. A Changing of the Guard: the young upstarts IndusInd, Kotak Mahindra and Yes Bank represent the rise of new, dynamic players for the banking industry. Alhough IndusInd Bank started early in 1994, its has been the growth engine in recent years reporting 30% growth rate and loan book growth above industry average quarter after quarter and still going strong with PAT Net interest Income is rising at 24% and 20% respectively YOY in the current June quarter. Though 60% of its loan book is corporate, it has maintained its exposure to sensitive sectors such as power, steel and telecom at between 2-4% and Gems and Jewellery exposure has also been curtailed by 83 basis points YOY in June quarter FY19. But Kotak Mahindra Bank may be the real, emerging rockstar of the banking sector. Stable asset quality, High NIM of 4.3%, CASA ratio above 50%, loan book growth of 24% coupled with strong aggressive top management. The stock underwent a mild hiccup after June quarter results declining 4% as its consolidated sequential growth stumbled with 12% de-growth even though yearly growth was well maintained at 17% YOY. Currently, the stock is up 30% YOY and touched 52 week high of Rs. 1424 in July 2018. Yes Bank, one of the best midcap banking stocks, has been reporting stellar performance over the past few quarters. Loan growth riding at 53%, PAT at 31% and NII at 23% for the June quarter FY19. The Yes Bank loanbook is more focused on corporate lending and retail, while business banking is around 32%. These three banks are considered to be trading at expensive valuations, touching their 52 week highs in the last one month. Nevertheless, the investors are ready to pay a higher premium for higher future growth prospects. The newest crop The tier below this start with RBL Bank and includes Federal Bank, DCB Bank, Lakshmi Vilas Bank, City Union Bank and South Indian Bank. Lakshmi Vilas Bank has been reporting negative PAT and high NPA ratios whereas South Indian Bank has also been hammered for poor asset quality and lower growth. Federal Bank, City Union and DCB seem to be on a fairly strong footing with stable profitability though asset quality needs to tempered both for Federal and City Union Bank reporting 3% GNPAs. Of all these, RBL Bank is the strongest contender for moving up to the next level and competing with the likes of Yes Bank and Kotak Mahindra. The rest need to hone their operational skills, expand their network, manage their asset quality to either remain in Nifty Private Bank Index or move up there in the coming years. Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the applicable provisions of the Regulations, please find attached herewith the schedule of analysts/ institutional investor meets held on 13th August, 2018 at Mumbai.
Paresh Sukthankar's replacementby month-end: HDFC Bank's Aditya Puri
HDFC Bank MD Aditya Puri also said the position of deputy managing director will cease to exist after Sukthankar leaves Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the applicable provisions of the Regulations, please find below the schedule of analysts/ institutional investor meets held on 9th and 10th August, 2018 at Mumbai. Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
The management of HDFC Bank today had an investor call to update on recent events. The audio replay of the call is available on the website of the Bank at the link https://www.hdfcbank.com/aboutus/cg/notification_to_stock_exchanges.htm Is there a succession battle brewing up at the HDFC Bank?
Paresh Sukthankar, the man who was seen as a natural successor to Aditya Puri, MD & CEO, abruptly resigned on Friday from the largest private bank in the country. Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to the applicable provisions of the Regulations, please find attached herewith the schedule of analysts/ institutional investor meets held on 7th August, 2018 at Mumbai