Mumbai: The Reserve Bank of India has approved the appointment of Mr. Kaizad Bharucha as the Deputy Managing Director of HDFC Bank and Mr Bhavesh […]
Tag: HDFC Bank
HDFC Bank set to meet liquidity norms post merger: Sources
HDFC Bank Ltd, India’s biggest private lender, is comfortably placed to meet reserve ratio requirements post its merger with parent HDFC Ltd , even as […]
Funding constraints may hamper NBFCs’ loan growth this fiscal: Report
With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for […]
HDFC Bank opens 500th branch in Tamil Nadu
HDFC Bank on Thursday announced the launch of its 500th branch in Tamil Nadu in Madurai district. The branch at Arasaradi was inaugurated virtually by […]
SBI Cards outpaces banks in adding new customers in February
SBI Cards continued to beat rivals such as HDFC Bank in new card additions through better activation rates. While SBI Cards added more than 300,000 […]
IDFC FIRST Bank has partnered with Crunchfish to pilot a project to demonstrate offline retail payments
IDFC FIRST Bank, is set to be a part of RBI’s pilot project to enable offline payments. This project will give access to digital payments […]
HDFC-HDFC Bank merger gets NCLT approval
The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. The merger between the two entities has received in-principle […]
RBI imposes Rs 5 lakh penalty on HDFC
The Reserve Bank of India on Friday said it has imposed a penalty of Rs 5 lakh on Housing Development Finance Corporation Limited (HDFC) for […]
Banks from 18 nations open 30 special vostro accounts for trade in rupee
Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
First time in many years, fixed deposit rates turn positive at 8%
As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed deposits now, […]