HDFC Bank Shares Fall to 52-Week Low
Listen to the story
HDFC Bank is a big bank in India. Its shares fell by 2% today.
The shares reached a 52-week low. This means the price was the lowest in one year.
Many investors are watching HDFC Bank shares closely now.
The bank gets money from people's deposits. These are savings that people put in the bank.
There are two types of deposits: retail deposits and wholesale funding.
Retail deposits come from normal people. Wholesale funding comes from big companies or other banks.
Reports say retail deposits at HDFC Bank are falling.
At the same time, wholesale funding is going up.
This change worries some investors. They think it can be risky for the bank.
A bank with more retail deposits is often seen as safer.
Investors are now watching HDFC Bank's next steps carefully.
Vocabulary6 words
- shares
- small parts of a company that people can buy
- 52-week low
- the lowest price in the last year
- investors
- people who put money into a company to make more money
- deposits
- money that people keep safe in a bank
- retail deposits
- money that normal people put in a bank
- wholesale funding
- money that a bank gets from big companies or other banks
Quiz
Answer key
1. They fell to a 52-week low 2. Retail deposits 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
HDFC Bank is a big bank in India. Its _____ fell by 2% today.
The shares reached a _____. This means the price was the lowest in one year.
Many _____ are watching HDFC Bank shares closely now.
The bank gets money from people's _____. These are savings that people put in the bank.
There are two types of deposits: _____ and _____.
Retail deposits come from normal people. Wholesale funding comes from big companies or other banks.
Reports say retail deposits at HDFC Bank are _____.
At the same time, wholesale funding is going _____.
This change worries some investors. They think it can be _____ for the bank.