HDFC Bank inches up on signing MoU with SIDBI
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HDFC Bank is currently trading at Rs. 1601.00, up by 0.70 points or 0.04% from its previous closing of Rs. 1600.30 on the BSE.
The scrip opened at Rs. 1601.30 and has touched a high and low of Rs. 1606.55 and Rs. 1599.50 respectively. So far 64863 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1733.95 on 04-May-2023 and a 52 week low of Rs. 1271.75 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1622.00 and Rs. 1592.40 respectively. The current market cap of the company is Rs. 894843.75 crore.
The promoters holding in the company stood at 25.59%, while Institutions and Non-Institutions held 60.49% and 13.92% respectively.
Small Industries Development Bank of India (SIDBI) has entered into a Memorandum of Understanding (MoU) with HDFC Bank for providing financial solutions to MSMEs. Under the MoU, SIDBI and HDFC Bank will work together to provide complete financial product and services to the customers under Micro, Small and Medium Enterprises (MSMEs).
The MoU will facilitate providing complete financial solutions to MSMEs in a seamless manner. This arrangement will enable MSMEs to avail financial products and services of both the banks. Both banks will endeavour to bring more MSMEs in financial ecosystems through the arrangement.
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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