HDFC Bank edges higher on launching Pragati Savings Account for semi-urban, rural India
HDFC Bank is currently trading at Rs. 1794.25, up by 1.35 points or 0.08% from its previous closing of Rs. 1792.90 on the BSE.
The scrip opened at Rs. 1794.05 and has touched a high and low of Rs. 1804.25 and Rs. 1783.10 respectively. So far 175308 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1836.05 on 28-Nov-2024 and a 52 week low of Rs. 1363.45 on 14-Feb-2024.
Last one week high and low of the scrip stood at Rs. 1836.05 and Rs. 1765.00 respectively. The current market cap of the company is Rs. 1368085.26 crore.
The Institutions and Non-Institutions held 83.25% and 16.75%, stake in the bank, respectively.
HDFC Bank launched its Pragati Savings Account, designed specifically to meet the banking needs of rural and semi-urban people across India. With 51 per cent of its branches in semi-urban and rural areas, the Bank continues to support rural economies and drive financial inclusion. The Pragati Savings Account by HDFC Bank aims to build a comprehensive banking ecosystem for India’s agricultural sector, including farmers (both traditional and those in cattle breeding, fisheries, poultry, and dairy farming), self-employed individuals, rural residents, self-help groups, and cooperatives.
The Bank’s 4600+ branches in semi urban and rural locations will act as touch points to leverage the product to reach about two thirds of India’s population, driving rural economic development. Further, the new offering will bring many industry-first features, such as a partnership with BigHaat, empowering over 17 million farmers with discounts and access to farming resources for improved productivity.
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.