HDFC Bank Ltd.

BSE: 500180 | NSE: HDFCBANK
Large Cap | Bank - Private
926.85
10.60 (1.16%)
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HDFC Bank declines on breaching RBI limit on loans to Reliance Industries

Date: 29-06-2015

HDFC Bank is currently trading at Rs 1033.60, down by 29.50 points or 2.77% from its previous closing of Rs. 1063.10 on the BSE.

The scrip opened at Rs. 1044.40 and has touched a high and low of Rs. 1044.40 and Rs. 1031.15 respectively. So far 47946 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1105.00 on 04-Mar-2015 and a 52 week low of Rs. 792.00 on 11-Aug-2014.

Last one week high and low of the scrip stood at Rs. 1070.05 and Rs. 1028.85 respectively. The current market cap of the company is Rs. 259584.32 crore.

The promoters holding in the company stood at 21.67% while Institutions and Non-Institutions held 42.30% and 17.16% respectively.

HDFC Bank, the second-largest private sector bank in India, has exceeded the single-borrower limits prescribed by Reserve Bank of India (RBI) in case of its credit exposure to Reliance Industries (RIL). RBI has set the credit exposure ceiling of a bank at 15% of capital funds in the case of a single borrower and at 40% for a borrower group. However, the central bank allows banks to increase this exposure by a further 5% of capital funds in exceptional circumstances, with approval of their boards.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its over 28.9 million customers. As of December 31, 2014, the Bank had a distribution network with 3,659 branches and 11,633 ATMs in 2,287 cities/towns. The bank offers all services under one roof right from savings account, current account, demat account, auto loans and agriculture loans.