HDFC Bank gains on adding 26 Gold Loan Desks to its network in Maharashtra
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
HDFC Bank is currently trading at Rs. 1384.30, up by 4.05 points or 0.29% from its previous closing of Rs. 1380.25 on the BSE.
The scrip opened at Rs. 1374.05 and has touched a high and low of Rs. 1387.40 and Rs. 1361.65 respectively. So far 27015 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. 1278.30 on 19-May-2022.
Last one week high and low of the scrip stood at Rs. 1420.55 and Rs. 1361.65 respectively. The current market cap of the company is Rs. 768674.31 crore.
The promoters holding in the company stood at 25.78%, while Institutions and Non-Institutions held 60.33% and 13.89% respectively.
HDFC Bank has added 26 Gold Loan desks to its branch network in Maharashtra. With this activation, 212 branches out of 711 bank branches in the state will now be able to offer Gold Loan.
The Bank is working towards making all its branches in the state capable of processing Gold Loans by end of the current financial year. This facility will allow people to make the most of their idle gold with minimal documentation and transparency in charges. Gold Loans will be available for tenures starting from 3 months up to 36 months. HDFC Bank offers flexible tenure and repayment options to ensure customers’ monthly outgoings are within their budget.
HDFC Bank is one of India’s
