HDFC Bank, in a strategic move to streamline its portfolio, plans to sell key commercial and residential properties acquired from its 2023 merger with HDFC. Expected to generate around ₹3,000 crore, this divestment signals a shift towards core banking operations and digital growth.

In Mumbai, Bajaj Finserv chairman Sanjiv Bajaj said Bajaj Housing Finance should become the "HDFC of the future." He observed that the mortgage giant left the industry after a reverse merger with its banking business, creating this opportunity.

Bank lending to commercial real estate, including residential projects, rose 23% last fiscal year excluding the HDFC-HDFC Bank merger. Loans totaled Rs 3.97 lakh crore. Including the merger, growth rose to 38.9%, with Rs 4.48 lakh crore in loans as of March 31.

The state-owned construction giant NBCC sold 4 lakh square feet of premium office property in Nauroji Nagar, South Delhi, in a landmark real estate deal.

In a significant real estate move, the National Securities Depository Limited (NSDL) has secured a sprawling 68,000 sqft office space in Mumbai's prestigious Bandra-Kurla Complex. The deal, worth an estimated Rs 198 crore, was inked with IDFC First Bank.

The foremost financial institution in India, HDFC Bank, has recently established its presence in the swiftly developing region of Navi Mumbai by acquiring 2 lakh square feet of premium property.

NSE - 3.48% raised about $165 million selling five-year convertible bonds to overseas investors, two people familiar with the matter told ET.

Home loan rates have gone down to their lowest level in 6 years with State Bank of India, the India's largest lender, reducing the efficient rate to 8.6% from 9.10%.