HDFC Bank Cheers Investors: Rs 19.5 Dividend Declared

  •  Good news for HDFC Bank shareholders! The bank announced a dividend of Rs 19.5 per share for the financial year 2024.
  • This comes alongside their Q4 results, showing a healthy 37.1% year-on-year jump in net profit to Rs 16,512 crore.
  • The dividend payout is subject to shareholder approval but indicates the bank's financial strength and commitment to rewarding investors.
  • It follows HDFC Bank's merger with HDFC Ltd, creating a financial services giant in India.
  • Analysts are cautiously optimistic, with some highlighting the positive dividend news while others wait to see the full impact of the merger.

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