एचडीएफसी बैंक बोर्ड ने एचडीबी फाइनेंशियल सर्विसेज के संभावित आईपीओ को मंजूरी दे दी।

HDFC Bank board approves potential IPO for HDB Financial Services.

On Saturday, July 20, HDFC Bank announced that its Board of Directors has provisionally approved the commencement of procedures to list its subsidiary, HDB Financial Services Limited (HDBFS), through a potential initial public offering (IPO), as mandated by the Reserve Bank of India's (RBI) regulations requiring the listing of Upper Layer Non-Banking Financial Companies (NBFCs). A committee of directors has been authorized by the Board to oversee the listing process and obtain necessary approvals from relevant regulatory bodies.

Additionally, HDFC Bank's Board approved the appointment of Ajay Agarwal as the new Company Secretary and Compliance Officer, effective July 21, 2024, succeeding Santosh Haldankar. This appointment, in accordance with SEBI Listing Regulations and SEBI (Prohibition of Insider Trading) Regulations, 2015, follows the recommendation of the Nomination & Remuneration Committee.

Furthermore, HDFC Bank reported a net profit of ₹16,175 crore for the first quarter of FY25, marking a 2% decrease from the previous quarter's ₹16,511.9 crore. This result slightly surpassed the CNBC-TV18 poll estimate of ₹15,693.1 crore, with net interest income showing a 2.6% increase in the same quarter.

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