HDFC Bank Ltd.

BSE: 500180 | NSE: HDFCBANK
Large Cap | Bank - Private
921.85
-5.75 (-0.62%)
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HDFC Bank gains on entering into partnership with NPCI

Date: 09-12-2013

HDFC Bank is currently trading at Rs. 704.00, up by 21.70 points or 3.18% from its previous closing of Rs. 682.30 on the BSE.

The scrip opened at Rs. 704.70 and has touched a high and low of Rs. 714.80 and Rs. 700.55 respectively. So far 40,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 727.00 on 30-May-2013 and a 52 week low of Rs. 528.00 on 28-Aug-2013.

Last one week high and low of the scrip stood at Rs. 714.80 and Rs. 652.00 respectively. The current market cap of the company is Rs. 1,68,492.00 crore.

The promoters holding in the company stood at 22.72% while Institutions and Non-Institutions held 43.45% and 16.81% respectively.

HDFC Bank, the country’s second largest private sector bank has reportedly entered into partnership with the National Payments Corporation of India (NPCI) to introduce eKYC (electronic Know Your Customer) norms in its branches. Further, the bank will install biometric readers for scanning fingerprints at most of its branches in a few months. This new eKYC procedure will allows a customer to walk in with an Aadhaar number and open an account by getting his fingerprint scanned.

HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 28.5 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. As of September 30, 2013, the Bank had a distribution network with 3,251 branches and 11,177 ATMs in 2022 cities/towns.