HDFC Bank inches up on planning to launch slew of digital initiatives over next few quarters
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HDFC Bank is currently trading at Rs. 1373.20, up by 0.85 points or 0.06% from its previous closing of Rs. 1372.35 on the BSE.
The scrip opened at Rs. 1360.00 and has touched a high and low of Rs. 1378.30 and Rs. 1355.25 respectively. So far 153786 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. 1292.00 on 08-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1383.80 and Rs. 1323.90 respectively. The current market cap of the company is Rs. 760343.22 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 is planning to launch a slew of digital initiatives over the next few quarters, having issued over 21 lakh cards since lifting of curbs last year.
The Reserve Bank had barred HDFC Bank from issuing new credit cards following incidents of outages in the lender's internet banking /mobile banking/ payment utilities over the previous two years. The curbs were partially lifted after eight months in August last year. Finally, in March 2022, the RBI lifted all restrictions placed on the bank, including digital launches.
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.
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