HDFC Bank

The Indian equity markets witnessed robust momentum last week, with nine out of the ten most valued companies collectively increasing their market capitalization by Rs 2,34,565.53 crore. Reliance Industries spearheaded this surge, gaining nearly Rs 69,557 crore, followed closely by Bharti Airtel and HDFC Bank. This bullish trend coincided with the BSE benchmark climbing 1,650.73 points, or 2 percent. However, Infosys was the sole laggard, registering a decline in its valuation.

Sashidhar Jagdishan, Managing Director and CEO of HDFC Bank, has filed a petition in the Bombay High Court seeking to nullify an FIR lodged against him over allegations of financial misconduct. The complaint was initiated by the Lilavati Kirtilal Mehta Medical Trust (LKMM Trust), which governs the prominent Lilavati Hospital in Mumbai. The FIR follows a magistrate court’s directive to investigate claims of fraud and misuse of funds. While the Trust accuses Jagdishan of personal involvement in the alleged misappropriation of Rs.

HDFC Bank has strongly refuted allegations of financial impropriety leveled against its Managing Director and CEO, Sashidhar Jagdishan, by the Lilavati Kirtilal Mehta Medical Trust. The bank dismissed these claims as unfounded and malicious, highlighting a protracted legal conflict with the Trust’s trustees, particularly Prashant Mehta and his family. This dispute, HDFC Bank contends, stems from attempts to evade repayment of long-standing debts, with allegations framed as retaliatory measures.

In a week marked by mixed performance in equity markets, Life Insurance Corporation of India (LIC) emerged as the biggest gainer, adding ₹59,233.61 crore to its market capitalization. Despite a 0.33% decline in the BSE benchmark, LIC's impressive growth helped offset the losses seen by other major players like Reliance Industries, TCS, and Infosys. Among the top 10 most valued firms, a combined market valuation increase of ₹1,01,369.5 crore was recorded.

India’s equity markets faced a turbulent week, with the combined market capitalization of six of the country's ten most valuable companies declining by over Rs. 78,000 crore. The downturn, mirroring broader weakness in the Sensex and Nifty benchmarks, was led by a significant erosion in the valuation of Reliance Industries. Other prominent laggards included TCS, Infosys, and ICICI Bank. Conversely, Bharti Airtel, HDFC Bank, Bajaj Finance, and ITC managed to post gains.

Indian equity markets staged a robust rebound on Friday, with benchmark indices snapping their previous session losses, powered by renewed investor interest in blue-chip stocks like Reliance Industries, HDFC Bank, and ITC. The BSE Sensex surged 769 points to close at 81,721.08, while the NSE Nifty jumped 243 points, nearing the 24,900 mark. The rally came amid mixed global cues and ongoing foreign investor outflows. Gains across major sectors overshadowed a dip in Sun Pharma following weak quarterly results.

India’s equity markets recorded a bullish week with notable gains in the valuations of six out of the top ten most valuable companies. The BSE Sensex advanced by 659.33 points (0.83%), while the NSE Nifty climbed 187.7 points (0.78%). Tata Consultancy Services (TCS) emerged as the standout performer, adding over Rs 53,000 crore to its market capitalization. Other gainers included Reliance Industries, HDFC Bank, Infosys, State Bank of India, and ITC.

In a shortened trading week that saw an impressive rebound across Indian equities, the country’s ten most valuable companies added a staggering Rs 3.84 lakh crore to their market capitalization. This sharp rally—driven by easing inflation, a positive monsoon forecast, global trade relief, and expectations of monetary policy adjustments—propelled benchmarks higher, with the Sensex rising 3,395.94 points and the Nifty gaining 1,023.1 points. Among the top performers, HDFC Bank and Bharti Airtel led the charge, reflecting renewed investor confidence in banking and telecom sectors.

HDFC Bank and Yes Bank, two prominent private sector lenders in India, have reported their financial results for the fourth quarter of fiscal year 2024–25, showcasing contrasting trajectories. HDFC Bank has demonstrated robust growth, with a 6.6% increase in standalone net profit to ₹17,616 crore, driven by strong net interest income and improved asset quality. In contrast, Yes Bank reported a 63% surge in net profit to ₹738 crore, benefiting from a significant reduction in provisions and a strategic focus on high-yield retail assets.

HDFC Bank, India’s largest private sector lender, reported a 6.6% year-on-year growth in standalone net profit for the fourth quarter of FY25, reaching Rs. 17,616 crore. While income remained largely stable, the bank registered higher interest earnings and recommended a dividend of Rs. 22 per share. However, the quarter also witnessed a marginal deterioration in asset quality. On a consolidated basis, profit rose to Rs. 18,835 crore, with the balance sheet expanding significantly to Rs. 39.10 lakh crore.