Non-Performing Assets: a Comparison of ICICI Bank and HDFC Bank
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Hdfc Bank Complaint Higher Authorities
Hdfc Bank Complaint Higher Authorities Cram-full Salim usually overroast some demi-pension or inferred preliminarily. Windburned and splurgy Daffy ulcerate her retuningedelweisses her Bankhead.atomise or upholds presciently. Roddy often domiciles absolutely when rotund Wynton emerge athletically and Please please please, take care of this. The Wholesale Banking business was a key growth engine for your Bank in the year underreview. Thank You for your reply, Sir. Bill Online In Pakistan Keep Visting www. The minimum margin for lending against shares is prescribed by the RBI. Thanks for your quick reply. Sales commission is released weekly and its account is cleared on weekly basis. It manages the liquidityand interest rate risks on the balance sheet and is also responsible for meeting reserverequirements. The Mall Road, Ambala Cant. Roundtable: Senior management from State Bank of Mysore and Canara Bank Bangalore is home. Credit risk is the exposure to loss in the event of default by counterparties. So active hdfc complaint to speak at hdfc bank complaint higher authorities to underserved populations. How to contact Hdfc Bank? We have not designated the above derivative contracts as accounting hedges and accordingly the contracts are recorded at fair value on the balance sheet with subsequent changes in fair value recorded in earnings. Chennai as such this Honble Forum lacks territorial jurisdiction to entertain the present complaint as such the same liable to be returned on this ground alone. These models are based on historical data and supplemented with managerial input and comments. ST students are very unhappy for this. They have evaded scrutiny, paid for prepping witnesses, refused to release documents. -
Ref. No. SE/ 2020-21/73 June 22, 2020 BSE Limited P. J
HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED www.hdfc.com Ref. No. SE/ 2020-21/73 June 22, 2020 BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaz.a, Plot No. C/1, Block G, Dalal Street, Bandra-Kurla Complex, Bandra (East) Mumbai 400 001 . Mumbai 400 051. Kind Attn: - Sr. General Manager Kind Attn: Head - Listlng DCS - Listing Department Dear Sirs, Sub: Copy of Notice published in newspapers -Notice of Postal Ballot dated June 19, 2020. Pursuant to provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copies of newspaper clippings containing the notice published by the Corporation with regard to captioned subject. The said newspaper clippings are also available on website of the Corporation, www.hdfc.com This is for your information and record. Thank you, Yours faith fully, F r Housing Development Finance Corporation Limited Encl: a/a Corporate Office:HDFC House, HT Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai 400 020. Tel.: 66316000, 22820282. Fax: 022-22046834, 22046758. Regd. Office: Ramon House, HT Parekh Marg, 169, Backbay Reclamation, Churchgate, Mumbai 400 020. INDIA. Corporate Identity Number: L70100MH1977PLC019916 THE FREE PRESSJOURNAL 10 MUMBAI | MONDAY | JUNE 22, 2020 www. reepressjournal.in PUBLIC NOTICE SHIVOM INVESTMENT & CONSULTANCY LTD Hilton Metal Forging Limited NOTICE is hereby given to the General Public that We, M/s Accura 8, Shaniya Enclave, 4th Floor, V.P. Road, Vile Parle West, Regd Office: 701, Palm Spring, Link Road, Mumbai-400064 HDFC BANK Pharmaquip Pvt. Ltd., Intending to offer our property described here- Mumbai City, Maharashtra, 400056 http://www.hiltonmetal.com in below as a mortgage to HDFC Bank Ltd., Trade Star Building, We understand your world Email: [email protected], Website: www.shivominvestmentconsultancyltd.in Notice Andheri (E) Branch by way of security to secure the banking facility CIN: L74140MH1990PLC300881 HDFC Bank Limited granted to us by the said Bank. -
HDFC Bank an Encouraging Show
HDFC Bank An encouraging show Powered by the Sharekhan 3R Research Philosophy Banks & Finance Sharekhan code: HDFCBANK Result Update Update Stock 3R MATRIX + = - Summary Right Sector (RS) ü We retain a Buy on HDFC Bank with a revised price target (PT) of Rs. 1,810. Q3FY2021 results were strong as operational performance exceeded expectations, Right Quality (RQ) ü margins rose; asset quality improved on a q-o-q basis; advances & CASA saw a healthy Right Valuation (RV) ü pick-up q-o-q. Management commentary was positive and reassuring, indicating a bright long-term outlook; net interest margin (NIMs) stood at 4.2% (up 10 bps q-o-q and within the guidance + Positive = Neutral - Negative range) due to healthy advances growth and high CASA share. HDFC Bank currently trades at 3.7x/3.2x its FY2022E/FY2023E ABVPS, which we find What has changed in 3R MATRIX is reasonable; we have fine-tuned our estimates and the target multiple for the bank considering improving earnings visibility. Old New Q3FY2021 results were strong with operational performance exceeding expectations, RS improving margins and market share gains. Asset quality improved q-o-q basis with a healthy pick-up in advances and CASA help in NIM expansion q-o-q basis. Results indicated RQ a return to normalcy with collection efficiency improving to near normal in December. The management commentary was positive and reassuring and indicated a bright long-term RV outlook. For Q3FY2021, net interest income (NII) was at Rs. 16,317 crore, up 15.1% y-o-y (in line with expectations), while PAT stood at Rs. -
ICICI Bank Strong Performance, Attractive Franchise
ICICI Bank Strong performance, attractive franchise Powered by the Sharekhan 3R Research Philosophy Banks & Finance Sharekhan code: ICICIBANK Result Update Update Stock 3R MATRIX + = - Summary Right Sector (RS) ü ICICI Bank posted strong Q4FY2021 results with core operational performance coming higher than expectations, lower-than-expected slippages and sequentially improving Right Quality (RQ) ü asset quality are key positives. GNPA/NNPA ratio improved to 4.96%/1.14% (versus pro forma GNPA/NNPA of 5.42%/1.26% Right Valuation (RV) ü in Q3FY2021) and watchlist book declined; management commentary was positive and indicated strong growth in FY2022E. = - + Positive Neutral Negative The bank is available at 2.4x/2.1x its FY2022E/FY2023E BVPS. The stock has corrected by ~16% from its highs, and we believe valuations are attractive. What has changed in 3R MATRIX We maintain Buy rating on the stock with a revised SOTP-based PT of Rs. 800. Old New ICICI Bank posted strong Q4FY2021 results with core operational performance coming higher than expectations, lower-than-expected slippages, and sequentially improving asset quality RS being key positives. The quarter saw core operating performance above expectations with NII growth at 16.8% y-o-y, led by recovery in loan growth and NIMs improving by 17 bps q-o-q RQ to 3.84%. Strong traction in advances growth was seen with domestic loan growth posting 18% y-o-y growth. Going forward, as the bank looks to build on growth with a focus on a well- RV rated book, pickup in advances, and opex/credit cost will be key support and positives. -
LIC Housing Finance (LICHF)
LIC Housing Finance (LICHF) CMP: | 408 Target: | 400 (-2%) Target Period: 12 months HOLD months August 6, 2021 Uncertainty on stress accretion, low NPA buffer… About the stock: LIC Housing Finance (LICHF) is among the largest HFCs in India with an extensive distribution network of 282 marketing office and 2421 employees. Particulars Ess Total 91% of LICHF’s customers are salaried and 9% are self employed Particulars Amount Retail home loans form 78.3% of the overall book Market Capitalisation | 20605 crore Networth (FY21) | 20521 crore 52 week H/L 542 / 255 Face value | 2 Q1FY22 Results: Subdued overall performance; asset quality concern looming. Update Company Shareholding pattern NII up 4.5% YoY, down 15.3% QoQ, NIMs down 46 bps QoQ to 2.2% (in %) Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Promoter 40.3 40.3 40.3 40.3 40.3 Higher provisions at | 830 crore, C/I ratio rise impacted PAT at | 153 crore FII 34.3 34.4 29.3 28.2 28.8 Stage 3 assets rose 181 bps from 4.12% to 5.93% & 2.3% was restructured DII 10.6 10.4 15.4 16.8 15.6 Others 14.8 21.9 21.9 14.7 15.3 Price Chart What should investors do? LICHF has given ~57% return over the past year. 600 20000 500 However, we believe a healthy recovery on stressed asset is necessary for better 15000 valuations. 400 300 10000 200 We retain our HOLD rating on the stock 5000 100 Target Price and Valuation: We value LIC Housing at ~0.9 FY23E BV and revise 0 0 our target price for the stock at | 400 per share from | 475 earlier. -
Board of Directors
BOARD OF DIRECTORS Shri V K Sharma Chairman Ms. Usha Sangwan Shri Vinay Sah Shri Jagdish Capoor Director Managing Director & CEO Director Ms. Savita Singh Shri T.V Rao Dr. Dharmendra Bhandari Director Director Director Shri Debabrata Sarkar Shri V K Kukreja Shri Ameet Patel Director Director Director 23 LIC HOUSING FINANCE LIMITED ANNUAL REPORT 2016-17 24 BOARD OF DIRECTORS SHRI V K SHARMA MS. USHA SANGWAN Chairman Director Shri Vijay Kumar Sharma took charge as Chairman, Life Mrs. Usha Sangwan, is the first ever woman Managing Insurance Corporation of India on 16th December, 2016. Prior Director of Life Insurance Corporation of India. She is Post to his taking over as Managing Director, LIC of India, on 1st Graduate in Economics and Post Graduate Diploma holder in November, 2013, he was Managing Director & Chief Executive Human Resource Management and Licentiate from Insurance Officer, LIC Housing Finance Limited (LICHFL), a premiere Institute of India. She joined LIC as Direct Recruit Officer in 1981. housing finance provider in the country with loan portfolio exceeding `83,000 crore. Mrs. Sangwan is the whole time Director of LIC of India, Board Member of General Insurance Corporation of India, Shri Vijay Kumar Sharma, born on 19th December, 1958 is LIC Housing Finance Ltd., Axis Bank, Ambuja Cements Ltd. a post-graduate (M.Sc.) in Botany from Patna University. and Bombay Stock Exchange Ltd., Board Member of LIC Shri Sharma joined LIC as Direct Recruit Officer in 1981 (International) BSC © Bahrain, Kenindia Assurance Co. Ltd., LIC and has grown with the Company since then. During his Card Services Ltd., Member of Governing Council of National stint as Senior Divisional Manager, Karnal, a rural division, Insurance Academy, Member on the Board of Education of had catapulated to Number One position in the country Insurance Institute of India, a Trustee of LIC Golden Jubilee in premium income ahead of all other metro centres. -
For Immediate Publication / Broadcast / Telecast PR / 1253
. For Immediate Publication / Broadcast / Telecast PR / 1253 IDBI Additional Tier - I (AT - I) Bonds oversubscribed Mumbai, October 17, 2014: IDBI Bank’s first Basel III compliant Additional Tier – I (AT - I) bonds amounting to `2,500 crore (`1,500 crore with an option to retain over-subscription upto `1,000 crore) received an overwhelming response and has been fully subscribed prior to the closure date. The issue opened on September 29, 2014. This is the first AT - I bond issuance by a bank in India after RBI modified its Basel III guidelines vide its circular dated September 1, 2014. The issue was competitively priced at a coupon of 10.75% p.a. payable annually. The issue is perpetual in nature with call option after the instrument has run for 10 years. The amount mobilised would be counted as a part of Tier I capital and enhance the capital adequacy of the Bank. The bonds are rated AA- by CRISIL and India Rating. Shri M. S. Raghavan, Chairman & Managing Director, IDBI Bank while commenting on the bond issuance, stated, "IDBI Bank is one of the best known names and has been a pioneer in various initiatives in the banking industry. The resounding success of this bond issue is testimony to this fact. This issuance will pave way for other banks to issue Tier I Bonds in the domestic market and will increase the acceptance of this instrument among the investors.” Axis Bank Ltd., Darashaw & Co. Pvt. Ltd., ICICI Bank Ltd., Trust Investment Advisors Pvt. Ltd. and IDBI Capital Market Services Ltd. -
A Flight to Safety As Indian Banks Navigate Tumultuous Times 2020 Greenwich Leaders: Indian Corporate Banking
A Flight to Safety as Indian Banks Navigate Tumultuous Times 2020 Greenwich Leaders: Indian Corporate Banking The global pandemic is putting economies and financial systems around the world under unprecedented stress. In India, this represents an even sterner test for a banking system that is still reeling from the impact of bank failures prior to the outbreak of COVID-19. Amid a national lockdown and fears of a liquidity crisis, companies in India are joining consumers in shifting business to the largest and presumably safest banks. In this report, we will analyze how the still-unfolding crisis and the many other challenges facing India’s banking sector are affecting the competitive positioning of individual public- and private-sector banks. INDIA’S BANKING WOES PILE UP These key factors converged to create a perfect storm in India’s banking system: J Stress of Public Sector (PSU) Banks’ Balance Sheet With direct intervention from the Indian government, non-performing asset (NPA) ratios had started to decline by 2019, but this is still a work-in-progress for the PSU banking sector. The series of public bank mergers orchestrated by RBI represent a critical step that will make the banking system stronger and more stable. However, navigating sweeping organizational integrations is going to be tough with the epic challenge of the COVID-19 crisis. J NBFC Liquidity Issues The nonbank financial companies (NBFC) crisis, which started in 2018 with the collapse of IL&FS, continues to plague the Indian banking sector. These 10,000+ lightly regulated NBFCs are not only a critical source of credit for small and medium businesses, they have also become intricately linked with the overall banking sector. -
Icici Bank Ipo Application
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ICICI Prudential Life Insurance Company Limited: [ICRA]AAA(Stable) Assigned to Subordinated Debt Programme
October 14, 2020 ICICI Prudential Life Insurance Company Limited: [ICRA]AAA(Stable) assigned to subordinated debt programme Summary of rating action Current Rated Amount Instrument* Rating Action (Rs. crore) Subordinated debt programme 1,200.00 [ICRA]AAA(Stable); assigned Total 1,200.00 *Instrument details are provided in Annexure-1 Rationale ICRA has assigned a long-term rating of [ICRA]AAA (pronounced as ICRA triple A) to the subordinated debt programme of ICICI Prudential Life Insurance Company Limited (ICICI Pru). The outlook on the long-term rating is Stable. The rating takes into account the strong support from ICICI Pru’s sponsors, ICICI Bank Limited (rated [ICRA]AAA(Stable)) and Prudential Corporation Holdings Limited (rated A2 with a Negative outlook by Moody’s), its position as one of the largest private sector life insurers in the country based on new business premium, its strong bancassurance channel, robust underwriting performance with increasing focus on the protection business and comfortable solvency levels. ICRA notes the slowdown in the company’s savings business due to the dominance of the large-ticket unit-linked insurance plan (ULIP) business in its product mix, which is more susceptible to market volatility. ICRA also notes the slowdown in business growth due to the Covid-19-related lockdown. ICICI Pru’s ability to comply with regulatory changes while maintaining its growth and profitability targets will remain a key monitorable. Going forward, the increasing focus on improving the protection mix and diversifying into the mass affluent and mass customer segments is expected to reduce the company’s vulnerability to weak market conditions. -
Audited Results for the Quarter and Year Ended March 31, 2021 (` in Lakhs) Three Months Ended/At Year Ended/At Sr Particulars December 31, March 31, No
ICICI Prudential Life Insurance Company Limited Statement of Standalone Audited Results for the quarter and year ended March 31, 2021 (` in Lakhs) Three months ended/at Year ended/at Sr Particulars December 31, March 31, No. March 31, 2021 March 31, 2020 March 31, 2020 2020 2021 (Audited) (Audited) (Audited) (Audited) (Audited) POLICYHOLDERS’ A/C 1 Gross premium income (a) First Year Premium 202,932 136,050 164,528 518,720 650,779 (b) Renewal Premium 691,262 568,012 643,517 2,250,676 2,094,318 (c) Single Premium 315,867 211,142 256,655 803,886 597,973 2 Net premium income1 1,187,928 897,084 1,047,512 3,497,337 3,287,895 3 Income from investments: (Net)2 714,277 1,927,825 (1,894,021) 4,743,758 (1,251,686) 4 Other income 2,279 2,342 2,196 9,340 8,040 5 Transfer of funds from Shareholders’ A/c 59,369 27,529 79,485 157,478 149,701 6 Total (2 to 5) 1,963,853 2,854,780 (764,828) 8,407,913 2,193,950 7 Commission on (a) First Year Premium 36,064 23,391 29,865 93,061 107,664 (b) Renewal Premium 12,437 10,172 11,753 39,833 38,173 (c) Single Premium 4,777 2,606 1,819 10,107 6,301 8 Net Commission3 55,757 38,607 44,326 150,022 158,602 9 Operating Expenses related to insurance business (a+b+c): (a) Employees remuneration and welfare expenses5 32,483 23,244 23,138 99,246 103,074 (b) Advertisement and publicity 33,740 25,004 25,129 91,428 81,548 (c) Other operating expenses 19,152 21,814 25,378 78,152 100,065 10 Expenses of Management (8+9) 141,132 108,669 117,971 418,848 443,289 11 Provisions for doubtful debts (including bad debts written off) 111 -
Annual Report 2012 - 2013
Annual Report 2012 - 2013 Encouraging sustainability Empowering lives Accolades 2012-2013 Asia Money Best Bank Awards Financial Express Best Bank Awards ••Best Domestic Bank in India Best Bank – Private Sector • Best in Strength and Soundness Businessworld Awards for Banking Excellence • Best Banker – Aditya Puri • Most tech-friendly Bank • Deal of the year (Rupee bonds) IBA Banking Technology Awards • Best Online Bank CNBC TV18 India Best Banks and Financial Institutions • Best use of Business Intelligence Awards • Best Customer Relationship Initiative • Best Private Sector Bank • Best Risk Management & Security Initiative • Best use of Mobile Technology in Banking CSO Forum Information Technology Award • Best Information Security Practice IDRBT Banking Technology Excellence Awards • Best Bank in IT for Operational Effectiveness DSCI Information Technology Awards • Security Leader of the year Mint-Aon Hewitt’s India’s Best Managed Boards • Security in Bank • HDFC Bank among India’s six best managed Boards Dun & Bradstreet Banking Awards Nasscom CNBC-TV18 Innovation Award • Overall Best Bank • Best IT driven innovation in Banking (Commercial) • Best Private Sector Bank • Best Asset Quality – Private Sector National Quality Excellence Awards ••Best Retail Banking – Private Sector Best Customer Service Result Dun & Bradstreet Corporate Awards – India’s Top 500 NDTV Profit Business Leadership Awards Companies • Best Bank in India • Best Bank in India Skoch Foundation Financial Inclusion Awards Economic Times Awards for Corporate Excellence