Latest news with #HDFC
Yahoo
17 hours ago
- Business
- Yahoo
India's HDFC Bank reports 12.2% profit growth in Q1 due to higher interest income
(Reuters) -HDFC Bank, India's largest private bank by market capitalisation, reported higher-than-expected quarterly profit on Saturday due to a surge in interest income from loans and treasury gains, even as provisions for bad loans spiked. The bank's standalone net profit rose 12.2% to 181.55 billion rupees ($2.11 billion) in the April-to-June quarter, above the average analyst forecast of 172.84 billion rupees, according to data compiled by LSEG. The bank's net interest income - the difference between interest earned on loans and paid on deposits - rose 5.4% to 314.38 billion rupees. Other income, typically backed by treasury gains and fees on services, more than doubled to 217.29 billion rupees in the quarter. HDFC Bank's provisions for bad loans, however, jumped five-fold to 144 billion rupees. The bank, in its exchange filing, said most of these provisions were not linked to any actual bad loans but instead acted as a "countercyclical buffer for making the balance sheet more resilient." Indian lenders have been grappling with an increase in bad loans in segments such as microfinance and unsecured portfolio, which have forced them to set aside more funds for potential defaults and to strengthen their balance sheets. On Thursday, HDFC Bank peer Axis Bank saw its new bad loans double due to a market benchmarking exercise. While overall bank credit growth has slowed in India, HDFC Bank posted growth of 6.7% for its overall loan book, driven by a 17.1% rise in loans to small and medium businesses. The private lender also approved its first ever bonus share issue on Saturday, meaning each of its shareholders will be eligible to receive an extra bonus share for every share held. The date of issuance is still to be determined, the bank said. In a bonus issue, a company distributes additional stock to shareholders as a proportion of their holdings at no cost. It is typically a sign of confidence in financial performance and growth trajectory. The board has also approved a special dividend of 5 rupees per share. ($1 = 86.1450 Indian rupees) Sign in to access your portfolio
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Business Standard
2 days ago
- Business
- Business Standard
₹23,500 cr June MF inflows: Flexicap funds win, 50% go to just 10 schemes
After hitting a 13-month low in May 2025, equity mutual fund (MF) inflows surged back in June to ₹23,500 crore, a sharp recovery from ₹19,000 crore the previous month. However, beneath the headline number lies a story of concentration and selective investor appetite, with just a handful of schemes dominating the inflow charts. Data analysed by Elara Capital shows that the top 10 mutual fund schemes accounted for nearly 50% of all active fund inflows last month. Flexi Cap and Midcap Schemes Dominate The Flexi Cap category led the charge with ₹5,700 crore in inflows—the highest since July 2021. Much of this was absorbed by the Parag Parikh Flexicap Fund, which alone accounted for 12.6% of total active inflows and 50% of the category's one-year inflow. Notably, a significant portion of this fund's capital is either sitting in cash or has been deployed into primary market issuances—a key trend across MF cash movements this year. In the midcap segment, while inflows remained in line with historical averages, around 42% of incremental capital went into just one fund—Motilal Oswal Midcap—highlighting continued fund-level concentration. Sectoral and Thematic Funds Lose Steam Investor enthusiasm for sectoral and thematic funds seems to be waning. The category saw modest inflows of only ₹470 crore in June. Energy funds, once popular, saw outflows of ₹740 crore—the sharpest monthly redemption in four years. Manufacturing funds faced redemptions for the seventh consecutive month, while Quant and Logistics-themed schemes also witnessed fresh selling pressure. "The most pronounced investor enthusiasm since 2023 was seen in Manufacturing, Innovation, Business Cycle, and Infrastructure-themed funds. However, Manufacturing has already witnessed redemptions over the past few months, and inflows into other categories have also sectoral funds, Energy and Infra categories have also begun to see outflows," noted the report. Top-10 schemes take 50% of the total active inflows in Jun led by Parag Parikh Flexicap Fund (12.6%), HDFC Flexicap Fund (7.4%), Motilal Oswal Midcap Fund (5%), Bandhan Smallcap Fund (3.5%) and HDFC Focused Fund (3.3%) Large-cap Reallocation Underway June also saw a noticeable uptick in Large Cap allocations across scheme categories: Midcap schemes increased their largecap exposure by 3.7% Large & Midcap schemes added 2.4% Flexi Cap schemes raised it by 1.1% However, Multicap allocations remained unchanged, and Small Cap funds are already near their record largecap allocation of 7.2%. Despite these shifts, most equity schemes remain underweight on largecaps compared to long-term averages—implying further reallocation could be underway, particularly as markets stabilize. Cash Levels Plunge—Where Did the Money Go? A sharp drawdown in MF cash positions was one of the most significant trends in June. Overall cash levels fell to 5.5%, down from 6.3% in May and a peak of 6.8% in April. This translates to an INR 16,400 crore decline in cash, with total cash across active equity MFs now at ₹1.84 lakh crore—close to pre-COVID averages. The capital has largely been deployed into primary market issues, including IPOs and pre-IPO placements. Historical trends suggest that such aggressive deployment phases have historically preceded both market peaks (2012, 2013, 2017) and major uptrends (2013, 2016, 2020), making this a critical signal for investors to monitor. Notably: Largecap schemes marginally increased cash to ₹17,580 crore. Midcap funds saw the sharpest cash drawdown—from 7.3% to 5.3%, led by deployment from Motilal Oswal Midcap Fund. Smallcap funds also trimmed cash from 8.3% in April to 7% in June. What It Means for Investors While the headline rebound in inflows signals improved sentiment, concentration risk remains high, with a few high-performing funds attracting a majority of capital. Investors should remain mindful of this trend when evaluating MF portfolios. The aggressive cash deployment may hint at institutional bullishness, but it also means that fund managers are now more exposed to market swings. Meanwhile, fading interest in thematic and sectoral funds suggests a shift towards core diversified categories and quality stock-picking. Key Takeaways for Investors: Diversify across fund houses and not just top-performing schemes. Monitor largecap exposure in your MF holdings; many funds may realign portfolios over the next quarter. Be cautious with thematic bets, especially in funds facing sustained redemptions. Watch for signals in cash allocation trends, which may precede market shifts.
News18
2 days ago
- Business
- News18
BBE, BBA Or B.Com: Which Course Is Best After Class 12? Career, Jobs & Salary Guide
Last Updated: BBA, and BBE offer distinct career paths in commerce, management, and economics, with varied salaries and roles based on interests, skills, and qualifications Many students find it difficult to differentiate between (Bachelor of Commerce), BBA (Bachelor of Business Administration), and BBE (Bachelor of Business Economics). The confusion often lies in understanding the career paths and salary potential each course offers. This guide provides a comprehensive breakdown to help you choose the right course for your future. (Bachelor Of Commerce) provides a strong foundation in commerce, with subjects including accounting, taxation, finance, and business law. Duration: 3 years (6 semesters) Focus Areas: Accounting, auditing, taxation, business law Key Distinction: A mix of theoretical and numerical study, with an emphasis on calculations and attention to detail Career Opportunities: graduates are well-suited for roles such as accountants, tax consultants, financial analysts, and banking officers. Employment opportunities exist in leading firms such as HDFC, ICICI, KPMG, PWC, and public sector banks. Many students pursue further qualifications like CA, CS, or an MBA. BBA centres around management, teaching essential skills in leadership, marketing, human resources, and organisational strategy. Key Distinction: A practical, skill-based course that emphasises teamwork, communication, and presentation abilities Career Opportunities: BBA graduates typically find positions as marketing managers, HR executives, and business development professionals. Reputed recruiters include TCS, Infosys, Amazon, Hindustan Unilever, and various start-ups. Many graduates opt for postgraduate degrees such as MBA or PGDM. Salary Range: BBE (Bachelor Of Business Economics) BBE is an interdisciplinary course combining economic theory with business applications, focusing on data analysis and strategic decision-making. Focus Areas: Economics, statistics, econometrics, business policy Key Distinction: An analytical course with strong emphasis on research, data, and economic theory Career Opportunities: Graduates can work as economists, data analysts, policy advisors, and research assistants. Opportunities are available at organisations such as the RBI, World Bank, Deloitte, EY, and government think tanks. Further academic pursuits may include MA in Economics or an MBA (Finance). Salary Range: Eligibility And Entry Requirements To pursue any of these courses, a pass in 12th standard (Class 12) with a minimum of 50% marks is generally required. Which Course Should You Choose? top videos View all Choose if you are interested in numbers, accounting, and financial systems. Choose BBA if your strengths lie in management, communication, and business strategy. Choose BBE if you have a passion for economics, data analysis, and research-driven decision-making. Your decision should align with your academic background (particularly your subjects in Class 12) and your personal interests. Stay updated with the latest education! Get real-time updates on board exam results 2025, entrance exams such as JEE Mains, Advanced, NEET, and more. Find out top schools, colleges, courses and more. Also Download the News18 App to stay updated! tags : bachelors BBA commerce economics General Knowledge management Location : New Delhi, India, India First Published: July 08, 2025, 10:05 IST News education-career BBE, BBA Or Which Course Is Best After Class 12? Career, Jobs & Salary Guide
News18
3 days ago
- Business
- News18
What Is The Difference Between BBE, BBA And B.Com? How To Choose The Right Course
Last Updated: Choose if you are inclined towards numbers and accounting or opt for BBA if you are interested in management and leadership. Check details. Many students often struggle to differentiate between BBA, and BBE, particularly regarding the job opportunities and salary each course offers. So, let's clarify the scope of these three courses. (Bachelor of Commerce) This course primarily focuses on accounting, taxation, finance, and business, providing a fundamental understanding of commerce. Duration: 3 years (6 semesters). Core Subjects: Accounting, auditing, tax, and business law. Distinctive Aspect: This course emphasizes calculations and details, with less theory. Career Opportunities: After completing you can work as an accountant, tax consultant, financial analyst, or banking officer. Job openings are frequent in HDFC, ICICI, KPMG, PWC, and government banks. Additionally, you can pursue CA, CS, or MBA. Salary Range: Freshers can earn between Rs 2 to 5 lakh per annum, while experienced professionals can expect Rs 5 to 10 lakh. Chartered Accountants or Financial Analysts can earn up to Rs 20-30 lakh annually. Duration: 3 years (6 semesters). Core Subjects: Management skills, marketing, HR, and business strategy. Distinctive Aspect: This practical and skill-based course emphasizes teamwork and presentation skills. Career Opportunities: Graduates can work as Marketing Managers, HR Managers, Business Development Executives, with opportunities in TCS, Infosys, Amazon, HUL, and startups. Further education options include MBA or PGDM. Salary Range: Freshers can earn between Rs 3 to 6 lakh annually, with experienced professionals earning Rs 6 to 12 lakh. Senior managers or consultants can earn up to Rs 15-25 lakh per year. BBE (Bachelor of Business Economics) This course combines economics and business, covering economic theory, data analysis, and business decision-making. Duration: 3 years (6 semesters). Core Subjects: Economics, statistics, and business policy. Distinctive Aspect: This analytical course provides an in-depth understanding of economics, with a focus on data and research. Career Opportunities: Graduates can work as economists, data analysts, policy analysts, or research assistants. Job openings are common in RBI, World Bank, Deloitte, EY, and government think tanks. Further education options include MA Economics or MBA (Finance). Salary Range: Freshers can earn between Rs 3.5 to 7 lakh per annum, with experienced professionals earning Rs 7 to 15 lakh. The maximum salary can reach Rs 20-30 lakh annually. Qualifications Required For The Courses: For all three courses, a minimum of 50% marks in 12th is mandatory. Maths or Commerce in 12th is preferable but not mandatory. BBA: 12th pass, and some colleges may require an entrance test (like DU JAT or IPMAT). BBE: Maths is mandatory in 12th, and for BBE at Delhi University, passing the DU JAT exam is required. Good communication skills and basic computer knowledge are beneficial. Which Course to Choose? – Choose if you are inclined towards numbers and accounting. – Opt for BBA if you are interested in management and leadership. – Select BBE if you are passionate about economics and data analysis. – Make a decision based on your 12th subjects and personal interests. About the Author Education and Careers Desk A team of reporters, writers and editors brings you news, analyses and information on college and school admissions, board and competitive exams, career options, topper interviews, job notifications, latest in ...Read More view comments First Published: education-career What Is The Difference Between BBE, BBA And How To Choose The Right Course Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Hindu
3 days ago
- The Hindu
Three held in Jeedimetla ATM theft case, property worth ₹20 lakh seized
An inter-state gang of three involved in a high-profile ATM theft in Jeedimetla earlier this month was arrested on Thursday, July 17. Police recovered ₹17 lakh in stolen cash and four motorcycles worth around ₹3 lakh from the trio. The accused have been identified as Yasib Hussain alias Asif Haarun Khan, 28, a labourer from Palwal district, Haryana; Aamir Ansari, 24, a resident of Hyderabad; and Md. Abed, 31 from Nuh district, Haryana. They were arrested on Thursday by a joint team of CCS Balanagar and Jeedimetla law and order police. The arrests come after a theft of ₹34.71 lakh from an HDFC ATM at Markhandeya Nagar, which was looted using gas cutters on the intervening nights of July 8 and 9. According to Jeedimetla police, the gang had a history of targeting ATMs across multiple states, relying on a methodical and well-rehearsed modus operandi. They conducted recces of ATM kiosks with external shutters, disabled CCTV surveillance, used gas cutters to breach machines, and escaped on stolen two-wheelers. In this case, they abandoned one such vehicle in Gummadidala and later stole another from Kamareddy before fleeing to Adilabad, where they again ditched the vehicles and split up, returning to their native States in trucks. The investigation involved combing through footage from over 500 CCTV cameras to track the suspects' movements. Technical and human intelligence eventually led to the identification and arrest of the accused. The trio is currently booked in at least four criminal cases across Jeedimetla and Gummadidala police stations. They are also linked to over 30 past offences, including house burglaries, ATM break-ins, and vehicle thefts in various states. Yasib Hussain has previously served a seven-year prison sentence for multiple charges under the Indian Penal Code and Maharashtra Control of Organised Crime Act, 1999 (MCOCA) in Kotwali police station of Madhya Pradesh, while Aamir Ansari, convicted for 20 years in a Protection of Children from Sexual Offences (POCSO) case, is currently out on bail.
