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HDFC Bank gains on launching small business Moneyback credit card

HDFC Bank is currently trading at Rs. 2408.90, up by 16.75 points or 0.70% from its previous closing of Rs. 2392.15 on the BSE. The scrip opened at Rs. 2398.80 and has touched a high and low of Rs. 2409.15 and Rs. 2391.00 respectively. So far 11990 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2502.90 on 03-Jul-2019 and a 52 week low of Rs. 1884.40 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 2418.40 and Rs. 2377.75 respectively. The current market cap of the company is Rs. 657651.27 crore. The promoters holding in the company stood at 26.25%, while Institutions and Non-Institutions held 55.72% and 18.05% respectively.

HDFC Bank and Government of India’s Common Service Centre (CSC) SPV have launched a co-branded Small Business MoneyBack Credit Card. This one-of-a-kind credit card is specially designed for the CSC’s Village Level Entrepreneurs (VLEs), and VLE sourced customers. It will empower users by giving them easy access to credit for their day-to-day business expenses.

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.

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