Eight holidays are on account of various festivals.

This is also the maiden earnings declaration under new chief executive and managing director Sashidhar Jagdishan, who succeeded Aditya Puri as the head of the HDFC bank.

While Reliance Industries Limited (RIL), Hindustan Unilever Limited and Bharti Airtel saw erosion in their market valuation.

RBI last week asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers.

The direction comes in light of outages in the bank's internet banking and payment system over the past two years.

Reliance Industries Ltd's market valuation tumbled by Rs 60,829.21 crore to Rs 12,23,416.97 crore.

Experts in Jammu and Kashmir say since the RBI is currently struggling with larger issues of economic slowdown, they seem to have put the appointments at J&K Bank on a back burner.

Jagdishan, currently working as the 'change agent' of the largest private sector lender and head of finance, has been with the bank since 1996, and the appointment will put an end to one of the most keenly watched successions in the banking industry.

The rate cuts will bring a drastic change and benefit all existing HDFC retail home loan and non-loan customers.

The frantic efforts to locate Siddhartha are on even as teams of National Disaster Response Force, Coast Guard, Home Guard, fire services and coastal police have been pressed into the massive search operation.

“Parekh made us believe that even a single product ­company can be phenomenally ­successful,” says ­biz-analyst Tamal Bandyopadhyay.