Wednesday, August 20, 2025

Creating liberating content

Private renewable energy projects are still moving forward despite a

Related News

Private renewable energy projects are still moving forward despite a pullback in government support, and new technology is making that construction more efficient. Solar farms, for example, take meticulous planning

The finance ministry on Wednesday held a meeting with the heads of public sector banks (PSBs) to review their financial performance in the first quarter of FY26. The three-hour session

Elon Musk-led Starlink will use Aadhaar authentication for customer verification before onboarding subscribers in India, an official statement said on Wednesday. The development comes after the government’s approval for the

The Indian economy presents a picture of strength, stability and opportunity, Reserve Bank Governor Sanjay Malhotra said at the Monetary Policy Committee (MPC) meeting earlier this month, while cautioning that

The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images PlayStation 5 game consoles will cost $50 more in the U.S. starting this week, Sony

Palantir shares sank into bear market territory Wednesday after six-straight days of heavy selling. The slide marks the longest such streak for the artificial intelligence software company since April 2024,

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

HDFC Bank first-ever 1:1 bonus issue: Bank announces Rs 5 special dividend; here’s what it means for investors

Word Count: 595 | Estimated Reading Time: 3 minutes


HDFC Bank first-ever 1:1 bonus issue: Bank announces Rs 5 special dividend; here’s what it means for investors

HDFC Bank on Saturday declared its first-ever bonus issue, approving a 1:1 allotment ratio under which shareholders will receive one fully paid-up equity share of face value Rs 1 for every one equity share held. This marks a historic first for India’s largest private sector lender since its inception.The bank’s board has fixed Wednesday, August 27, 2025, as the record date to determine shareholders eligible for the bonus equity shares, according to an report.In addition to the bonus issue, the board also approved a special interim dividend of Rs 5 per share — representing a 500% payout on the face value of Re 1 — for the financial year 2025–26. The record date to determine eligibility for this special dividend is Friday, July 25, 2025. The dividend will be paid to eligible shareholders on Monday, August 11, 2025.The announcements were made alongside HDFC Bank’s Q1FY26 results, where the lender reported a 12% year-on-year rise in standalone net profit at Rs 18,155 crore, compared to Rs 16,175 crore in the year-ago period.Total interest income for the quarter increased 6% year-on-year to Rs 77,470 crore from Rs 73,033 crore. Net interest income (NII) stood at Rs 31,440 crore, up 5.4% over Rs 29,840 crore in Q1FY25.The bank’s core net interest margin (NIM) was 3.35% on total assets, slightly lower than 3.46% in the previous quarter ended March 31, 2025, reflecting the slower pace of deposit repricing relative to asset yields.Operating expenses for the quarter rose to Rs 17,430 crore from Rs 16,620 crore a year earlier. The cost-to-income ratio, excluding transaction gains, stood at 39.6% during the period.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account