Global rating agency Moody’s on Monday downgraded Life Insurance Corporation of India’s (LIC) foreign currency insurance financial strength rating from Baa2 to Baa3. The rating outlook is stable.

India’s three largest private sector banks - ICICI Bank, HDFC Bank and Axis Bank - reported good numbers for the quarter ended March 2012, with ICICI Bank and Axis Bank surprising analysts positively to some extent.

Standard & Poor’s on Wednesday revised the outlook on long-term counterparty credit ratings for 11 Indian financial institutions, including Axis Bank, State Bank of India and ICICI Bank, from stable to negative.

India's top 10 banks, including the SBI, ICICI Bank and HDFC Bank today suffered a collateral damage following the Standard and Poor's lowering the country's sovereign rating outlook.

HDFC Bank on Monday said it had partnered Wells Fargo for remittance services between America and India. This would allow Indians residing there to remit money to their beneficiaries’ HDFC Bank savings accounts in India.

HDFC Bank, the second largest private sector lender in the country, is set to open one-man branches in rural centres. The move will help the bank meet priority sector commitments and aid its financial inclusion drive.

HDFC Bank has moved higher by 3.4% at Rs 555, extending its yesterday’s over 1% gain after reporting 30.4% year-on-year (y-o-y) jump in net profit at Rs 1,453 crore for the fourth quarter ended March 31 on the back of a strong growth in advances.

It’s been another “blemishless&" quarter for HDFC Bank.

HDFC Bank has reported a 30.3% rise in fourth-quarter net profit, beating analyst forecasts, helped by higher fee income and credit demand as well as lower provisions for loan losses.

Private sector lender HDFC Bank today reported 30.4% jump in net profit at Rs 1,453.1 crore for the fourth quarter ended March, driven by increase in advances.

HDFC Bank is trading higher by 1.5% at Rs 538 after India’s second largest private sector lender has reported a better-than-expected 30% year-on-year (y-o-y) growth in net profit at Rs 1,453 crore for the fourth quarter of FY12, on back of robust

Markets are consolidating gains in the noon deals. The Sensex is up 100 points at 17,487 and the Nifty has advanced 36 points to 5,327 levels.

HDFC Bank is trading higher by 1.8% at Rs 539.70, near its lifetime high of Rs 539.90 ahead of the financial results for the fourth quarter ended March 2012, scheduled to be declared today.

In spite of sustained weakness in the macro-climate with rising non-performing assets (NPAs), asset restructuring and weak credit growth outlook, few voices have been raised on the long-term (two-year) outlook for Indian banks.

The country's second largest private lender HDFC Bank today appointed Donald D'Souza as the head of its equity capital markets in the investment banking division.

The second largest private sector lender HDFC Bank has said the present situation is not conducive for rate cuts but further reduction in Cash Reserve Ratio (CRR) could lead to lower interest rates.

You can now apply for a personal loan during your lunch break, without stepping out of the office. If the paperwork is proper, you can also receive the money before you reach home at the end of the day.

HDFC Bank on Thursday said its net profit for the quarter ended December 31, rose 31 per cent to Rs 1,429.7 crore, compared with Rs 1,087.8 crore in the year-ago period.

In the third quarter, HDFC Bank’s net profit grew 31 per cent to Rs 1,430 crore. It has achieved this despite pressure on margins in a tough macroeconomic environment.

HDFC Bank, India's third largest lender by assets, has cut back a little on corporate lending in order to protect margins, a senior official said.