HDFC Bank Ltd.

HDFC Bank is currently trading at Rs. 622.90, up by 0.95 points or 0.15% from its previous closing of Rs. 621.95 on the BSE.

The scrip opened at Rs. 622.40 and has touched a high and low of Rs. 626.95 and Rs. 617.00 respectively. So far 92,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 639.25 on 26-Sep-2012 and a 52 week low of Rs. 400.45 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 638.70 and Rs. 604.50 respectively. The current market cap of the company is Rs. 146649.65 crore.

The promoters holding in the company stood at 23.00% while Institutions and Non-Institutions held 42.24% and 17.56% respectively.   

HDFC Bank, leading private sector lender is likely to double the fees charged on cash payments made towards credit card bills to Rs 100 from the next month. At present it is charging a processing fee of Rs 50 for every credit card repayment. 

As per the banks estimates, about one-third of total credit card users make cash payments. Last fiscal, credit card users spent an average Rs 55,000 almost 3 times the Rs 19,000 spent five years ago, so lot manual work involved in branch-level transactions and that is the reason customers are asked to pay for these services.