HDFC Bank is considering splitting shares later this month
MUMBAI: Private Sector Loan HDFC Bank On Monday Said His Council Will Consider Splitting Each Of The Bank's Share Into Two With A Nominal Value Of 1 Re Later This Month.
Presently, One Share Of HDFC Bank Has A Face Value Of Rs 2 Bombay Stock Exchange Down 1.7%. At Present, The Bank Has Issued About 272 Crore Shares Or Face Value Of Rs 2.
The Bank Had A Jump Of 23% Put Into Her Net Profit Until Rs 5,885 Crore For The Quarter Ended March 2019 On Healthy Growth In Its Net Interest Income .
It had registered a Net Profit of Rs 4,799 crore in the January-March quarter of 2017-18. Total income for the quarter ended March 31, 2019, stood at Rs 31,204.5 crore, up by 22% from Rs 25,550 crore for the quarter ended on March 31, 2018, the bank said in a regulatory filing .