Indian Indices End Flat, Asian Paints And Dr Reddy's Laboratories Among Top Nifty Gainers

"Interest rates are at an all-time low and it is unlikely that we will see a further decline in rates. Property prices are as low as they can be, and are not expected to go down further."

In other news, property portal Magicbricks has tied up with Razorpay and HDFC Bank to allow users of its platform pay rent online through credit cards.

A person can earn reward points by paying rent, which is generally one of the biggest monthly expenses of a person, through a credit card. Besides, the user will get interest-free credit for 45 days when the rent is paid through a credit card.

HDFC share price and HDFC Bank share price ended their day down by 0.6% and 0.8%, respectively.

Note that, HDFC Bank is one that has always adapted to changing times.

HDFC Bank wanted to transform itself from a leader in physical banking to a leader in online banking. Since then, HDFC Bank has constantly focused on going digital.

In 2004, only 10% of customer transactions were initiated through the internet and mobile. The number has gone up to 92% in 2019.

 

It is a great example of a company that has taken advantage of its scale and embraced disruption rather than fear it.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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