On May 9, 2023, HDFC Bank, India’s largest private sector bank by assets, allotted 4,561,966 equity shares of Rs 1 each to eligible employees under the Employee Stock Option Scheme.
The bank’s paid-up share capital will increase from Rs. 5,583,443,980 to Rs. 5,588,005,946. The stock options were granted at market price, as per the SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.
HDFC Bank has announced an increase in its marginal cost of funds-based lending rates (MCLR) by 5-15 basis points (bps) across various loan tenures effective from May 8, 2023. The bank’s MCLR for different loan tenures has been revised, with the overnight MCLR now at 7.95 percent, and the one-month, three-month, and six-month MCLRs now at 8.10 percent, 8.40 percent, and 8.80 percent, respectively. Moreover, the MCLRs for one-year, two-year, and three-year loan tenures are now set at 9.05 percent, 9.10 percent, and 9.20 percent, respectively.
On Tuesday, HDFC Bank’s stock traded at a high of Rs 1650 and a low of Rs 1630, with a volume of 201,469 shares traded on the BSE. The bank’s market capitalisation currently stands at Rs 918,614.63 crore, with a 52-week high of Rs 1733.95 and a 52-week low of Rs 1271.75. On May 9, 2023, HDFC Bank’s stock closed at Rs 1643.2, indicating a decrease of 0.12 percent from the previous day’s closing price of Rs 1645.25, resulting in a net change of -2.05.
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