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HDFC Bank Ltd lost 0.19% today to trade at Rs 1935. The BSE BANKEX index is down 0.02% to quote at 62975.16. The index is up 1.09 % over last one month. Among the other constituents of the index, IndusInd Bank Ltd decreased 0.08% on the day. The BSE BANKEX index went up 14.37 % over last one year compared to the 10.96% surge in benchmark SENSEX.
HDFC Bank Ltd has added 1.49% over last one month compared to 1.09% gain in BSE BANKEX index and 4.54% rise in the SENSEX. On the BSE, 4804 shares were traded in the counter so far compared with average daily volumes of 3.77 lakh shares in the past one month. The stock hit a record high of Rs 1977.95 on 23 Apr 2025. The stock hit a 52-week low of Rs 1449 on 22 May 2024.
In the cash market, the Nifty50 tumbled 261.55 points or 1.05% to 24,683.90.
The NSE's India VIX, a gauge of market's expectation of volatility over the near term, up 0.17% to 17.39.
DLF, Bharat Electronics (BEL) and IndusInd Bank were the top traded individual stock futures contracts in F&O segment of NSE.
The May 2025 F&O contracts will expire on 29 May 2025.
IndusInd Bank today announced that it has signed a Memorandum of Understanding (MoU) with the Department for Promotion of Industry and Internal Trade (DPIIT) to nurture innovation and entrepreneurial growth in India. This strategic partnership brings together the strengths of DPIIT's Startup India initiative and IndusInd Bank's financial expertise to create opportunities for startups, innovators, and entrepreneurs nationwide.
The collaboration offers start-ups, innovators and entrepreneur tailored banking solutions, including cash management, working capital, and credit facilities. A key feature is enhanced support under the Credit Guarantee Scheme for Startups (CGSS), allowing collateral-free loans with a raised guarantee cover of up to ₹20 crore for DPIIT-recognised start-ups. Additionally, the guarantee fees for debt funding in 27 Champion Sectors has been reduced to further ease access to credit. These measures help start-ups mobilise capital and invest in advanced technologies and manufacturing.
IndusInd Bank today announced that it has signed a Memorandum of Understanding (MoU) with AIC STPINEXT, a special purpose vehicle of Software Technology Parks of India (STPI) under the Ministry of Electronics and Information Technology (MeitY). This partnership is designed to provide early-stage start-ups and MSMEs with essential financial solutions, mentorship, and structural support, leveraging the combined strengths of both organizations to nurture innovation and sustainable growth.
Under this collaboration, IndusInd Bank will deliver a range of tailored banking solutions to support early-stage start-ups associated with STPI/STPINEXT, empowering them at every stage of their journey. The Bank will offer a specialized Current Account product with no quarterly average balance requirement, making it easier for start-ups to manage their finances.
Additionally, the Bank will offer support such as expert guidance, and conduct workshops around financial management including banking basics, equity infusion, ESOPs, segment-based funding etc. To further support operational efficiency, the Bank will offer payroll and attendance management services to early-stage start-ups at no cost.