HDFC Bank inches up on getting RBI’s nod to set up step-down subsidiary for offering broking, clearing services
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HDFC Bank is currently trading at Rs. 1294.00, up by 3.05 points or 0.24% from its previous closing of Rs. 1290.95 on the BSE.
The scrip opened at Rs. 1297.00 and has touched a high and low of Rs. 1298.40 and Rs. 1285.00 respectively. So far 27178 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. 1,285.00 on 16-May-2022.
Last one week high and low of the scrip stood at Rs. 1355.45 and Rs. 1285.00 respectively. The current market cap of the company is Rs. 716641.13 crore.
The promoters holding in the company stood at 25.78%, while Institutions and Non-Institutions held 60.33% and 13.89% respectively.
The Reserve Bank of India (RBI) has conveyed its approval to HDFC Bank for setting up a step-down subsidiary through HDFC Securities (the Bank’s subsidiary), for offering broking and clearing services in International Financial Services Centre (IFSC) at GIFT City, on the terms as prescribed by the RBI.
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.
