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HDFC Bank Limited (HDB)

- NYSE
  • Fri, Jan. 30, 2:41 PM
    • India's largest private-bank ICICI Bank (IBN -4.5%) reported FQ3 profit short of expectations after gross non-performing assets rose 35 basis points from a year ago to 3.4%. Net non-performing assets rose 18 bps from last quarter and 33 bps from a year ago to 1.27%.
    • The country's 2nd largest bank by assets, Bank of Baroda (OTC:BBKQYfell 11% in Mumbai after Q3 profit slumped 68% to 3.34B rupees vs. analyst estimates of 12.5B.
    • The S&P BSE Bankex Index fell 3.1%, it's worst performance in a year, and the Sensex fell 1.7%.
    • HDFC Bank (HDB -3.8%)
    • ETFs: EPI, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
    | 1 Comment
  • Sep. 18, 2014, 10:49 AM
    • India's largest trade deficit with any single country is with China, and Chinese President Xi Jinping - visiting PM Modi in New Delhi - pledged to invest $20B over five years to help narrow the difference.
    • China is India's largest trade partner, with the two doing $68.5B of business last year, and India posting a trade shortfall of $34.4B. Xi's visit follows one from Japanese PM Shinzo Abe at which he pledged more than $30B in Indian infrastructure investments.
    • The Sensex gained 1.8% overnight. EPI +3.1%, PIN +2.5%.
    • ICICI Bank (IBN +3.1%), HDFC Bank (HDB +1.3%), Tata Motors (TTM +1.6%)
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  • May. 16, 2014, 9:57 AM
    • A volatile session in India saw the Sensex close up 0.9% to an all-time high following the election victory by the opposition Bharatiya Janata Party and its prime minster candidate Narendra Modi. Stocks initially rose more than 6% as results came in, but "sell the news" action took over, given the Sensex's already big run in the weeks leading up to the election.
    • In ETF action action in the States, EPI +4.6%, PIN +3.5%.
    • Banks: ICICI Bank (IBN +6.7%), HDFC Bank (HDB +3.3%).
    • ETFs: EPI, INDY, SCIF, PIN, INP, INDL, INDA, INXX, SCIN, INCO, SMIN
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  • May. 9, 2014, 9:27 AM
    • Investors are placing bets ahead of next week's election results which are expected to show a win for the opposition party's Narendra Modi and the worst-ever defeat for the ruling Congress Party amid a wave of graft scandals, rising inflation, and slowing growth.
    • The Sensex - up 2.9% last night - is ahead by 17% since the opposition BJP party named Modi as its PM candidate last September.
    • Leading last night's advance was ICICI Bank (IBN +5.2% premarket). HDFC Bank (HDB +2.9% premarket)
    • ETFs: EPI, INDY, SCIF, PIN, INP, INDL, INDA, INXX, SCIN, INCO, SMIN
    | 11 Comments
  • Dec. 19, 2013, 9:23 AM
    • India had a relief rally on Wednesday after the RBi surprised by not hiking rates, but fell anew last night dropping 0.7% for its 7th decline in 8 sessions.
    • Leading among the blue chips were the rate-sensitive stocks, with ICICI (IBN) Bank off 3% and HDFC (HDB) Bank down 2.1%.
    • "One of the big questions post Fed's move is whether liquidity will continue flowing to emerging markets like India or not. If rates go up in U.S. then it will be risk for EMs," says Aneesh Srivastava, CIO at IDBI Federal Life Insurance.
    • IBN -5.4%, HDB -5.6% premarket
    • India ETFs: EPI, INDY, SCIF, INP, PIN, INDL, ICN, INR, INXX, INDA, SCIN, INCO, SMIN
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  • Dec. 19, 2013, 9:12 AM
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  • Sep. 20, 2013, 12:32 PM
    • ICICI Bank (IBN -3.9%) and HDFC Bank (HDB -4.4%) tumble after India's new central bank head unexpectedly hikes the benchmark rate to 7.5% from 7.25%, citing the need to bring inflation down. It's the first boost to rates in two years.
    • Amid that tightening in policy, however, the bank also eased other restrictive measures put in place over the summer to try and stem the rupee's decline (it's up 8% vs. the dollar in September).
    • The Sensex closed down 1.9%.
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  • Sep. 5, 2013, 12:49 PM
    • For a second straight day, Indian stocks rise sharply — Sensex +2.2% — with banks leading the way, as new RBI governor Raghuram Rajan has apparently managed to instill some confidence in the market. (previous)
    • In addition to the creation of inflation indexed savings certificates and the issuance of long-awaited new banking licenses, Rajan will open FX swap lines between banks and the RBI (see diagram) a move BofA says may boost the country's flagging reserves by $10B.
    • "This is exactly what the market wanted to hear," one Mumbai-based banker says. Apparently so — shares of India's largest lender HDFC Bank (HDB +7.1%) rose 8% Thursday, fueling what Bloomberg says was the largest rally in the S&P BSE India Bankex index in four years.
    • The WisdomTree India Earnings Fund (EPI +1.8%), ICICI Bank (IBN +12.3%), The WisdomTree Indian Rupee Fund (ICN +0.3%).
    • Other ETFs: INDY, EPI, PIN, INP, INDA, INXX, SCIF, SCIN, INDL, SMIN, INR.
    | Comment!
  • Sep. 3, 2013, 8:50 AM
    • The Sensex broke a 3-day winning streak, tumbling 3.5% as the rupee fell as much as 2% amid worries India is set to be downgraded. An S&P report says the chances of an Indian downgraded are higher than those for Indonesia.
    • Goldman cuts its fiscal year GDP growth forecast to 4% from 6%, and now expects the rupee to fall as low as 72 to the dollar in the next 6 months. It takes just more than 67 rupees to buy a greenback at the moment.
    • EPI -3.4% premarket.
    • ICICI Bank (IBN) -3.5%, HDFC Bank (HDB) -3.8% premarket.
    • Equity ETFs: INDY, EPI, PIN, INP, INDA, INXX, SCIF, SCIN, INDL, SMIN.
    • Rupee: ICN, INR.
    | 2 Comments
  • Aug. 28, 2013, 7:58 AM
    • IBN's 2.8% premarket decline comes on the heels of yesterday's 5.7% dive and a 41% fall YTD. The rupee is having its worst session in decades, off nearly 4% vs. the greenback. The Sensex however, managed to reverse a sizable early loss to close slightly in the green.
    • The WisdomTree India Earnings Fund (EPI) - not currency-hedged like WisdomTree's popular Japan Hedged Equity Fund - is off 3.2% premarket.
    • Another Indian bank traded with reasonable volume here, HDFC Bank Limited (HDB) is off 1.4% premarket.
    • Other India equity ETFs: INDY, EPI, PIN, INP, INDA, INXX, SCIF, SCIN, INDL, SMIN.
    • The Indian Rupee Fund (ICN) is off 15% YTD with all of the loss coming since May (about the time the U.S. Treasury market cracked).
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  • Aug. 27, 2013, 9:08 AM
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Company Description
HDFC Bank Ltd provides banking and financial services. The Company operates in four business segments: Treasury, Retail Banking, Wholesale banking, and Other banking business.
Sector: Financial
Country: India