01-01-1970 12:00 AM | Source: Accord Fintech
HDFC Bank gains on issuing over 4 lakh credit cards since lifting of bank
News By Tags | #413 #758 #572

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

https://t.me/InvestmentGuruIndiacom

Download Telegram App before Joining the Channel

HDFC Bank is currently trading at Rs. 1596.50, up by 3.30 points or 0.21% from its previous closing of Rs. 1593.20 on the BSE.

The scrip opened at Rs. 1592.00 and has touched a high and low of Rs. 1598.35 and Rs. 1583.30 respectively. So far 176871 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1650.00 on 24-Feb-2021 and a 52 week low of Rs. 1052.55 on 30-Sep-2020.

Last one week high and low of the scrip stood at Rs. 1635.60 and Rs. 1575.00 respectively. The current market cap of the company is Rs. 879568.86 crore.

The promoters holding in the company stood at 25.89%, while Institutions and Non-Institutions held 61.01% and 13.10% respectively.

HDFC Bank has issued 4 lakh new credit cards after the lifting of the ban by the RBI last month. These new card issuances are as of September 21, 2021 and it marks bank's aggressive growth path that it has charted post the embargo to re-invent and co-create the credit cards portfolio with strong products and partnerships.

In mid August, the RBI partially lifted the ban on issuing new credit cards imposed on the bank in December last year due to repeated instances of technology outages. The RBI has continued with the restrictions on the new launches on the digital front on the lender.

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.