But Jagdishan’s appointment is a safe bet. He is unlikely to ruffle feathers at the top. Also, being an insider, he can hit the ground running. After all, the CEO designate of India’s largest private bank is a veteran with over 25 years of experience in the bank. He is a familiar face across most departments. … [Read more...] about ‘Insider’ Sashidhar Jagdishan new HDFC Bank CEO: Here are some of the challenges he faces
"He has played a critical role in supporting the growth trajectory of the bank. He has led the finance function and played a pivotal role in aligning the organisation in achieving the strategic objectives over the years," the bank's website said. … [Read more...] about Who is Sashidhar Jagdishan, the new CEO of HDFC Bank?
With the launch, HDFC Ltd will become the sixth corporate to launch a QIP during the lcokdown period and will join the likes of Kotak Mahindra Bank, JM Financial, PI Industries Axis, Bank and Info Edge. On June 19th, 2020, a committee of directors of the firm today approved a massive fund raising exercise of up to Rs 14,000 crore in one or more tranches through a combination of financial instruments. The HDFC statement added that the said funds are being raised to augment its long term resources , finance organic & inorganic business opportunities that may arise in financial services including housing finance and /or in areas where its subsidiaries operate, and to maintain sufficient liquidity and for general corporate purposes. … [Read more...] about HDFC Ltd launches mega Rs 14,000 crore QIP
At last Monday’s low of 993, this counter exactly retraced 50 percent of its rally from May lows of Rs 826 – 1,157. Interestingly, the said low of Rs 993 also coincides with 38.2 percent retracement of its entire rally from the panic low of Rs 738 witnessed in last March. … [Read more...] about Trade Spotlight: HDFC Bank, Exide & ZEE Entertainment in focus
Once the situation stabilises, the analyst believes Britannia would be one of the major beneficiaries considering the factors such as essential food category products, negligible dependence on exports (nearly 6 percent), strong distribution network (nearly 55 lakhs outlets including nearly 21.7 direct), negligible debt (D/E of 0.04 times) and good cash position (nearly Rs 850 crore as on FY19) and strong return ratios (RoE of 24 percent and RoCE of 29 percent as on FY19). … [Read more...] about COVID-19 likely to change market leadership; 10 stocks you may want to have a look at