Algo Trading


Stock Market Blogs

HDFC Bank's stock rises after the RBI lifts a partial ban, allowing it to sell new credit cards. August 18 2021Banking Sector

Visit Count: 706

Shares of HDFC Bank rose on Wednesday, a day after the Reserve Bank of India (RBI) partially lifted restrictions imposed on the lender last year. The central bank allowed HDFC Bank, the country's largest lender by market capitalization, to issue new credit cards. The decision comes eight months after the central bank stopped HDFC Bank from issuing new credit cards.

The RBI, on the other hand, maintained the status quo on HDFC Bank's ban on introducing new technology initiatives.

HDFC Bank stated that it would continue to work with the RBI to achieve compliance across all areas. During the session, HDFC Bank shares rose as much as 3.29 percent to Rs 1,564.75 a share on the NSE. The stock provided the biggest boost to the SENSEX and Nifty50.

At 11:15 a.m., the HDFC Bank stock was trading 1.34 percent higher on the exchange at Rs 1,534.95 per share, surpassing the Nifty50 index, which was up 0.38 percent near a record high earlier in the day. At the moment, the Nifty Bank index was up 0.83 percent, boosted by the lender's stock.

JPMorgan maintained an 'overweight' rating on HDFC Bank stock, with a Rs 1,800 target price. The RBI has only partially eased the lender's digital ban, which is a partial gain because credit cards are one of the lender's most profitable businesses, it added.

The good news is that the prohibition has been lifted ahead of the festive season, which begins in September. The lender is seen aggressively rolling out appealing credit card schemes, according to the brokerage, which continues to feel HDFC Bank is the greatest franchise to hold in the financial market.

An 'outperform' rating on the lender's shares and a target price of Rs 2,005, HDFC Bank is projected to recoup its market share in credit cards, having lost 180 basis points of share as of May 2021 since the end of November 2020.

“The RBI's decision would assist this blue-chip in regaining some of its lost sparkle. This will be beneficial for Bank Nifty as well, which has underperformed this year" 

However, it is crucial to note that some of the good news is already priced in, since HDFC Bank is up 6% so far this month, maybe in anticipation of the favorable development," he added.

Following multiple instances of technological breakdowns at the lender, the RBI took an unusual step in December last year enforcing both restrictions.

HDFC bank, HDFC credit card, financial news, financial blogs, Share Market, Reserve Bank of India, HDFC Bank's stock rises after the RBI lifts a partial ban, allowing it to sell new credit cards.


Blog Enquiry

Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.


  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost

Dear Investor,
As you are aware, under the rapidly evolving dynamics of financial markets, it is crucial for investors to remain updated and well-informed about various aspects of investing in securities market. In this connection, please find a link to the BSE Investor Protection Fund website where you will find some useful educative material in the form of text and videos, so as to become an informed investor.
We believe that an educated investor is a protected investor !!!

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on by today EOD."

INDIRA SECURITIES PVT.LTD. (SEBI REG.NO.):NSE TMID: 12866, BSE TMID: 663, CDSL DPID: 17000 SEBI REG. NO.: INZ000188930, MCX TM ID: 56470, NCDEX TM ID: 01277, CDSL REG. NO.: IN-DP-90-2015, CIN : U67120MH1996PTC160201




Indrendu Joshi. Email: Call : 0731-4797275

Investor grievance complaint :