Banking & Financial Stocks in View: HDFC, Bajaj Finance, Equitas & More

By Malvika Gurung

Investing.com -- HDFC (NS: HDFC ): The country’s largest mortgage lender has partnered with the leading customer relationship management Salesforce to support its growth priorities.

Bajaj Finance (NS: BJFN ): The NBFC’s deposits have surged 22% YoY to Rs 34,100 crore in Q1 FY23 and asset under management has jumped 31% YoY to Rs 2.04 lakh crore in the period. Its new loan bookings have shot up 61% YoY to 74 lakh in the quarter.

RBL Bank (NS: RATB ): The private sector lender’s total deposits climbed 6% YoY to Rs 79,217 crore in the June quarter and gross advances climbed 7% to Rs 62,095 crore.

Yes Bank (NS: YESB ): The private lender’s loans and advances climbed 14% YoY to Rs 1.86 lakh crore in Q1 FY23 and deposits grew 18.3% YoY to Rs 1.93 lakh crore, though they dropped 2% sequentially.

Axis Bank (NS: AXBK ): Subsidiary Axis Asset Management Company has completed the probe on two terminated fund managers and submitted the report to regulatory body SEBI.

ICICI Prudential (LON: PRU ) Life Insurance Company: The financial company will sell 2.02% of its stake held in Westlife Development, reducing it to 5.13%.

Paisalo Digital (NS: PISA ): The micro-credit financial services company’s board will discuss fundraising on a placement basis.

Equitas Holdings (NS: EQHL ): It has divested its entire shareholding in Equitas Technologies, for its merger with Equitas Small Finance Bank (NS: EQUI ).