Tag Archives: HDFC Bank

Munish Mittal leaves HDFC Bank

Reported by | Updated: July 18, 2020

Munish Mittal, Group Head-IT and CIO at HDFC Bank, has resigned in a surprise move. He is reported to be going abroad to pursue higher studies. The bank also saw the exit of his deputy Rajesh Chavan, who is EVP-IT. The bank has seen several high profile exists in the recent past, including that of […]

HDFC Bank market cap higher than PSU banks

Reported by | Updated: May 28, 2020

HDFC Bank has market cap much higher than the market cap of all the public sector banks put together. In fact, the market cap of all the public sector banks is slightly higher than half the value of HDFC Bank. It has been established that the total value of the 13 listed PSU banks stood […]

HDFC Bank introduces mobile ATMs

Reported by | Updated: April 10, 2020

HDFC Bank said it is deploying mobile ATMs to help customers during the lockdown. These ATMs are expected to eliminate the need for customers to move out of their locality to withdraw cash. The mobile vans carrying ATMs were introduced initially in Mumbai & Noida. The bank said there are plans to extend the service […]

FinanceAsia ranks HDFC Bank best managed company in India

Reported by | Updated: March 23, 2020

FinanceAsia has voted HDFC Bank as the Best Managed Company in India in the poll conducted among investors and analysts. It also voted the bank as the best in the ‘Corporate Governance’ category, and Aditya Puri, its MD and CEO as ‘Best CEO’. Some 335 portfolio managers and analysts from around the world participated in […]

HDFC Bank completes 25 years of operations

Reported by | Updated: February 19, 2020

HDFC Bank has completed 25 years of its operations in India. It planted 25 lakh trees and digitized 2500 classrooms to mark the occasion. Aditya Puri, MD and CEO of the bank right from the formation days, planted a guava tree at a municipal school in central Mumbai, where the bank also donated its first […]

HDFC Bank sets up panel to find successor for Aditya Puri

Reported by | Updated: December 3, 2019

HDFC Bank has constituted a 6-member search committee to find a successor for Aditya Puri, who will be retiring in October 2020. The bank told the stock exchanges its board of directors has set up the search committee to identify a successor to Aditya Puri, the current managing director of the bank, whose tenure ends […]

HDFC Bank to increase staff in NE

Reported by | Updated: November 28, 2019

HDFC Bank plans to increase its headcount by 50% to touch 6000 employees in the north-east region in the next 2-3 years. The bank has an ambitious expansion plan for the region. The bank will hire around 1500 people in the next 1 year in Assam where it intends to have 100 branches in the […]

KSUM ties up with HDFC Bank

Reported by | Updated: October 29, 2019

Kerala Startup Mission (KSUM), the central agency of the government of Kerala for entrepreneurship development and incubation activities in the state, has entered into an MoU with HDFC Bank to facilitate an array of banking services to startups in the state through its smart solution SmartUp, which is intended to assist in achieving startup goals […]

HDFC Bank launches Festive Treats

Reported by | Updated: October 3, 2019

HDFC Bank has launched a 3-month Festive Treats campaign in parallel with the sales campaigns that leading eCom companies have come out with. The campaign will help customers to be able to get special offers on all banking products – from loans to bank accounts – and also discounts on retail and consumer goods via […]

HDFC Bank, Indian Oil launch co-branded fuel card

Reported by | Updated: September 26, 2019

HDFC Bank has come out with a new co-branded fuel card for its customers in non-metro cities and towns. The bank has partnered with Indian Oil Corporation and the card will be available on both RuPay and Visa platforms. Parag Rao, country head, Payments Business and Marketing, HDFC Bank and Vigyan Kumar, ED, Retail Sales, […]

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