HDFC Bank Ltd.

BSE: 500180 | NSE: HDFCBANK
Large Cap | Bank - Private
929.35
-6.30 (-0.67%)
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HDFC Bank inches up on signing MoU with ICCI to support SMEs, Start-ups

Date: 26-11-2020

HDFC Bank is currently trading at Rs. 1402.90, up by 0.25 points or 0.02% from its previous closing of Rs. 1402.65 on the BSE.

The scrip opened at Rs. 1415.65 and has touched a high and low of Rs. 1418.80 and Rs. 1400.50 respectively. So far 70347 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1464.00 on 25-Nov-2020 and a 52 week low of Rs. 738.90 on 24-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1464.00 and Rs. 1365.65 respectively. The current market cap of the company is Rs. 772659.25 crore.

The promoters holding in the company stood at 26.02%, while Institutions and Non-Institutions held 60.33% and 13.65% respectively.

HDFC Bank has signed memorandum of understanding (MoU) with Inventivepreneur Chamber of Commerce & Industries (ICCI) to support SMEs and Start-ups. Through this association, ICCI will engage, enroll and support various Startups /SMEs /MSMEs to facilitate inter-alia financial and other facilities to/from HDFC Bank. HDFC Bank may offer bank accounts to Startups that are supported by Inventivepreneur and recommended by Inventivepreneur.

ICCI will evaluate and recommend potential Startups /SMEs /MSMEs for investments. ICCI will support businesses to pitch their solutions to requisite stakeholders and will work towards providing them an opportunity to showcase their solutions. HDFC Bank will offer key business support functions like shared workspaces, digital marketing, web services, Patent filing, content writing, tax, and legal advisory to ICCI recommended businesses.

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.