HDFC Bank surges as RBI lifts all restrictions on it
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HDFC Bank is currently trading at Rs. 1433.35, up by 36.35 points or 2.60% from its previous closing of Rs. 1397.00 on the BSE.
The scrip opened at Rs. 1411.00 and has touched a high and low of Rs. 1436.70 and Rs. 1411.00 respectively. So far 363245 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. 1426.30 and Rs. 1292.00 respectively. The current market cap of the company is Rs. 792718.95 crore.
The promoters holding in the company stood at 25.80%, while Institutions and Non-Institutions held 60.60% and 13.60% respectively.
Reserve Bank of India (RBI) has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives. RBI has lifted the restriction on the business generating activities planned under the Bank's Digital 2.0 programme.
Digital 2.0 programme of the bank is designed to provide products to its customers for frictionless financial experience. It will help customers to move from a single transaction to a complete financial solution journey such as loan disbursement, payments and investment. HDFC Bank is fully committed to ensuring continued adherence to the highest standards of compliance with RBI recommendations.
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.
