The BSE benchmark Sensex gained 1,246.89 points, or 2.07%, last week. On Thursday, the threshold surpassed 61,000 for the first time in history.
During the same quarter in the previous year, the bank had earned a net profit of Rs 7,513.10 crore on a standalone basis.
HDFC Bank aims to recruit 2,500 people in the next 6 months; Shriram Group wants to add 5,000 employees.
A few private banks and small finance banks are offering higher interest rates to attract new deposits.
Reliance Industries was leading the chart of the top-10 most valued companies list followed by Tata Consultancy Services, HDFC Bank and Infosys
CPI inflation is seen at 5.3% for this fiscal. In Q2, it is seen at 5.1%, 4.5% in Q3 and 5.8% in Q4, with risks broadly balanced.
Market experts have expressed the hope that in the festive season, given the ease in restrictions spending will increase further.
Customers will be able to get personal loans starting at 10.25% with fast disbursement in their accounts, among other incentives.
Lenders like Kotak Mahindra Bank, SBI, HDFC, PNB have already slashed interest rates on home loans ahead of the festive season.
The bank will increase its pace on ramping up its credit card acquisition and will look to regain the lost market soon