HDFC Bank will hold a board meeting on July 19 to consider its first-ever bonus share issue and a special interim dividend for FY26. The move reflects strong financial performance, with robust Q1 loan and deposit growth, and comes amid a 21% stock rally over the past year.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.