HDFC Bank inches up on adding 51 gold loan desks to its branch network in Uttar Pradesh
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HDFC Bank is currently trading at Rs. 1282.10, up by 0.95 points or 0.07% from its previous closing of Rs. 1281.15 on the BSE.
The scrip opened at Rs. 1275.00 and has touched a high and low of Rs. 1289.60 and Rs. 1271.75 respectively. So far 59440 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. 1,271.75 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1330.55 and Rs. 1,271.75 respectively. The current market cap of the company is Rs. 710764.75 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 51 Gold Loan desks to its branch network in Uttar Pradesh. With the addition of 51 new Gold Loan desks, 170 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 in the ongoing financial year. This facility will allow people to make the most of their idle gold with minimal documentation and transparency in charges. Gold Loans are available with flexible tenure and repayment options - tenures starting from 3 months and going up to 36 months.
Gold Loan applicants include a varied segment ranging from both salaried as well as self-employed categories. People exploring quick loans for a short duration with minimal documentation will benefit from this facility.
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.
