HDFC Bank leads the gainer list of BSE 100

HDFC Bank Ltd. | Bank - Private | BFSI | BSE: 500180 | NSE: HDFCBANK

30 Nov 2011 Evaluate

HDFC Bank is currently trading at Rs. 445.55, up by 11.15 points or 2.57% from its previous closing of Rs. 434.40 on the BSE.

The scrip opened at Rs. 430.90 and has touched a high and low of Rs. 446.80 and Rs. 429.80 respectively. So far 1,62,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 519.50 on 19-Jul-2011 and a 52 week low of Rs. 396.00 on 09-Feb-2011.

Last one week high and low of the scrip stood at Rs. 446.80 and Rs. 411.25 respectively. The current market cap of the company is Rs. 1,04,152.00 crore.

The promoters holding in the company stood at 23.23% while Institutions and Non-Institutions held 40.27% and 19.15% respectively.

HDFC Bank, private sector lender has inked pact with Experian, a global information services company, to deal with loan application fraud. The bank will get Experian National Hunter, the application fraud prevention service, to prevent expensive frauds.

Experian’s Hunter service helps the early discovery of potentially fraudulent applications and fraud rings. The most valuable approach is to prevent the fraud at the point of application and Hunter achieves this without affecting customer service levels and turnaround times.

With this deal, HDFC bank is now amongst top private sector banks viz., Axis Bank and ICICI Bank using Experian Hunter to prevent loan application fraud. Experian is the global information services company, providing data and analytical tools to clients in more than 80 countries.