Tag Archives: HDFC Bank

Euromoney Award for HDFC Bank

Reported by | Updated: August 20, 2019

HDFC Bank was adjudged ‘India’s Best Bank’ at the Euromoney Awards for Excellence 2019. This year marks the 27th anniversary of the Awards. The awards are based on year-round monitoring of market share and customer-satisfaction data compiled by Euromoney’s industry-leading surveys. This is supplemented by an intensive 3-month process of review by Euromoney’s editorial team, […]

HDFC Bank opens ATM at Kedarnath Temple

Reported by | Updated: August 6, 2019

HDFC Bank has opened an ATM in Kedarnath Temple premises. It becomes the first bank in the country to have an ATM at the temple premises. This is also the bank’s ATM located at the highest point, as the temple is situated at a height of 11,755 feet above sea level. The ATM will provide […]

HDFC Bank in tie-up with CSC, CAIT

Reported by | Updated: July 26, 2019

HDFC Bank has entered into a memorandum of understanding with CSC eGovernance Services India and Confederation of All India Traders (CAIT) to offer a full range of banking products and services to all CAIT members, nearly 6 crore in number. The bank said this first-of-its kind grassroots initiative will transform rural economy and benefit small […]

HDFC Bank, CSC launch credit card for small businesses

Reported by | Updated: July 17, 2019

HDFC Bank in association with the government’s Common Services Centres (CSCs) launched a co-branded ‘Small Business Money Back Credit Card’ for small traders and village-level entrepreneurs (VLEs). The credit card is specifically designed for VLEs and VLE-sourced customers. It would give users easy access to credit for their day-to-day business expenses, according to a statement. […]

HDFC Bank may list HDB Financial Services

Reported by | Updated: June 27, 2019

HDFC Bank is proposing to go in for an IPO for its non-bank lending unit, HDB Financial Services. The bank hopes to raise around $1 billion from the IPO. HDB, founded in 2007, offers products like personal loans, commercial vehicle loans, gold loans and loans against property. The bank is understood to be finalizing investments […]

HDFC Bank in BrandZ Top 100 Global Brands

Reported by | Updated: June 25, 2019

HDFC Bank is the highest ranked Indian brand to be featured in the BrandZ Top 100 Most Valuable Global Brands. Millward Brown, the WPP group company, which compiled the data, said HDFC Bank’s brand value has seen massive jumps over the past 4 years. From 2015, where the brand value stood at $14.02 billion, has […]

RBI fines HDFC Bank, South Indian Bank

Reported by | Updated: June 20, 2019

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on HDFC Bank for non-compliance of directives with regard to KYC and Anti-Money Laundering norms and on reporting of frauds. The central bank has also fined South Indian Bank for Rs 10 lakh for non-compliance with directions issued by it on […]

HDFC Bank’s #Parivartan Grants help 25 startups

Reported by | Updated: June 10, 2019

#Parivartan Grants, set up HDFC Bank, has helped 25 startups working in the social sector with finance to offer unique solutions that bring a sustainable change in the society. The bank has so far disbursed Rs 10 crore these startups and incubators in the country. #Parivartan, meaning change, is the bank’s endeavor to bring about […]

3 winners in HDFC Bank Digital Innovation Summit

Reported by | Updated: May 15, 2019

HDFC Bank said 3 startups from Mumbai – Loop Reality, BluSapphire and Appnovation Technology – have been declared winners at its regional Digital Innovation Summit (DIS). A press release by the bank also said WorkApps, a startup from Pune was the fourth winner. DIS is a platform launched by the Bank for startups from across […]

HDFC Bank for another stock split

Reported by | Updated: May 7, 2019

HDFC Bank’s board of directors is expected to consider a stock split when it meets on 22 May. The bank announced in a regulatory filing that the board would consider the proposal for sub-division of the bank’s equity shares from one equity share of face value of Rs 2 each to 2 equity shares of […]

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