Available on Web and Android. It has put up the complaint on its website. Use code SUPERPRO. Shares of the lender closed 0.8% lower at ₹1,048.70 on the BSE today. Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. ICICI Prudential Bluechip Fund Direct-Growth, Analysts grapple with forecasts amid Covid disruption. Intrinsic Value. Limited period offer. 52 Week Low 738.75, Traded 49.95 % More then 10 Day Average Volume. Net NPAs too came down to 0.17 percent (Rs 1,756.08 crore) from 0.42 percent (Rs 3,790.95 crore). Let's reshape it today, Hunt for the brightest engineers in India. Choose your reason below and click on the Report button. Hot Stock Evaluation: HDFC Bank Limited (NYSE: HDB), Shares Running 0.72% on Volume: HDFC Bank Limited (HDFCBANK.NS), Attention Seeking Stock – HDFC Bank Limited (NYSE: HDB), Comparing HDFC Bank Limited (HDB) and Westar Energy, Inc. (WR), 52 Week High 1305.50 | Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Following the news, HDFC Bank’s American depository share price fell $1.37 per share, or 2.83%, to close at $47.02 per share on 13 July. Brokerages maintained a bullish view on the stock after the lender's September quarter earnings and HDFC Bank remains the top pick amongst almost all the analysts. The share price of HDFC Bank gained over 2 percent on Monday after the private lender reported strong earnings for the second quarter of fiscal 2021 leading to various brokerages raising the target price on the stock. Search. Delays in customs clearance crippling India's import-export... Mphasis, R3 join hands to develop blockchain-based payments... Jefferies maintained a 'Buy' call and raised the target price to Rs 1,450 from Rs 1,350. The allegation was that the bank had forced its car loan customers to purchase a vehicle tracking device. The bank continued to make healthy provisions to further strengthen the balance sheet and still reported stable in-line earnings, it added. In absolute value, gross NPAs or bad loans reduced to Rs 11,304.60 crore from Rs 12,508.15 crore. It reduced credit cost estimate to 3 percent for FY21-FY22 from 3.2 percent and increased PPoP estimate by 1-2 percent due to better fee income. Your Comments and Response on HDFC Bank Limited. � 2005-2019 BazaarTrend.com All rights reserved. Its September collections were indicating restructuring to be at just 1-2 percent of loans. At the current share price of Rs 1223.95 this results in a dividend yield of 0.2%. Access the exclusive Economic Times stories, Editorial and Expert opinion, Sharp Insight-rich, Indepth stories across 20+ sectors. “The lawsuit, which was filed by a single small security holder who seeks to represent a class of the bank’s security holders, is based on allegations that the security holder claims caused a temporary decline in the bank’s ADR stock price in July 2020," the bank said. Retail focussed private sector banks like HDFC Bank, ICICI Bank and Axis Bank could face the heat. HDFC Bank Ltd. Stock Price Forecast for 2021: January 2021: Open: 52.089: Close: 50.462: Min: 50.426: Max: 52.089: Change: -3.23 % HDFC Bank Ltd. Stock Price Forecast for 2021: February 2021: Open: 50.172: Close: 48.305: Min: 48.272: Max: 50.172: Change: -3.86 % HDFC Bank Ltd. Stock Price Forecast for 2021: March 2021: Open: 48.022: Close: 47.281: Min: 47.158: Max: 48.022 Pomerantz has filed the suit against HDFC Bank, outgoing managing director Aditya Puri, chief executive officer-designate Sashidhar Jagdishan and company secretary Santosh Haldankar. Mint reported on 17 September that Rosen Law Firm’s complaint against HDFC Bank pertains to losses suffered by some investors because of alleged false and misleading statements by the lender. Place Order. All rights reserved. This will alert our moderators to take action. Log in to our website to save your bookmarks. "Our discussions with bankers suggest that cards/personal loan growth has already come-off, while a recovery in vehicle finance will be delayed, and mortgage growth too will be hit due to the lockdown. ©TV18 Broadcast Limited. HDFC Bank remains the top pick amongst almost all the analysts. Account. The lawsuit, filed in the court for the eastern district of New York, alleged that the defendants engaged in a plan, “scheme, conspiracy and course of conduct, pursuant to which they knowingly or recklessly engaged in acts...which operated as a fraud and deceit upon the plaintiff and other members of the class".