HDFC Bank gains as its arm enters into partnership with Equitas Small Finance Bank
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HDFC Bank is currently trading at Rs. 1399.40, up by 3.30 points or 0.24% from its previous closing of Rs. 1396.10 on the BSE.
The scrip opened at Rs. 1396.50 and has touched a high and low of Rs. 1400.25 and Rs. 1386.10 respectively. So far 46314 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1724.30 on 18-Oct-2021 and a 52 week low of Rs. 1271.75 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1404.55 and Rs. 1355.50 respectively. The current market cap of the company is Rs. 776131.10 crore.
The promoters holding in the company stood at 25.73%, while Institutions and Non-Institutions held 59.58% and 14.69% respectively.
HDFC Bank’s subsidiary -- HDFC Securities has entered into partnership with one of the leading SFBs, Equitas Small Finance Bank to provide its clients with a Demat account and its broking/investment services.
With this partnership, Equitas Small Finance Bank will be able to offer its customers a 3-in-1 account that helps them access the services of HDFC Securities. The leading stock broking company will ease the entire journey for Equitas’ customers, from account opening to regular share transactions.
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
