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By V Thiagarajan Most marriages in an Indian family or mergers in Indian corporate groups normally evolve in three phases — Early Hesitancy, Intermediate Exuberance and Final Realisation. The merger of HDFC-HDFC Bank, which hogged the headlines last week, has followed the script of the first two phases so far. In the first Hesitancy Phase, […]
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The merger of mortgage firm HDFC Ltd with its progeny HDFC Bank, the biggest merger in India’s corporate history, signals consolidation in the private banking and NBFC space and also demonstrates the success of regulatory changes over the past few years. It is a win-win situation as the combined and bigger balance sheet also means […]
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Mumbai: Equity indices opened in the red on Tuesday with Sensex plunging by 207.99 points and Nifty down by 52.45 points. The 30 Stock S&P BSE Sensex was down by 207.99 points or 0.34 per cent to 60,403.75 points at 9:50 am. The broader Nifty 50 of the National Stock Exchange plunged 52.45 points or […]
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Mumbai: India’s largest private lender HDFC Bank on Monday agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan in the largest deal in the country’s corporate history. The proposed entity will have a combined asset base of around Rs 18 lakh […]
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New Delhi: The RBI has lifted all restrictions on HDFC Bank, permitting it to launch new digital initiatives, the private sector lender said on Saturday. “We would like to inform one and all that the Reserve Bank of India (RBI) has lifted the restriction on the business generating activities planned under the Bank’s Digital 2.0 […]
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Mumbai: The Indian equities markets key indices rose by nearly 1.5 per cent on Tuesday led by broad-based buying support ahead of the presentation of Union Budget 2022-23. The benchmark Sensex surged 1.47 per cent or 850.71 points to 58,864.88 points at 10.30 am, against its previous day’s close at 58,014.17 points. This is the […]
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Hanamkonda: A fire mishap that occurred in an HDFC bank’s branch at Nakkalagutta locality in Hanamkonda here on Sunday evening has damaged the computers and furniture in the office. Alerted by the passersby who noticed emanating smoke, the fire personnel have arrived in time and controlled the fire from spreading to other offices/houses in the […]
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Hyderabad: Having a credit card gives one the financial freedom to make purchases as and when required. While it does make our purchases easier, it also has the double whammy of pushing a person into a debt trap if the payment is not made on time. And in case the payment gets delayed then the […]
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New Delhi: HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas. A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB. About 90 […]
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Mumbai: Equity benchmark Sensex tumbled over 350 points in early trade on Tuesday, tracking losses in index majors Infosys, Reliance Industries and HDFC twins amid a negative trend in global markets. The 30-share index slumped 356.6 points or 0.61 per cent to 57,926.82 in the opening trade. Similarly, the Nifty fell 98.35 points or 0.57 […]
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Mumbai: Equity benchmark Sensex tumbled over 300 points in early trade on Monday, tracking losses in index majors Infosys, HDFC Bank and ICICI Bank amid concerns over the spread of the Omicron variant in the country and weak cues from global markets.The 30-share index was trading 311.11 points or 0.54 per cent lower at 57,385.35 […]
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Warangal: In a broad daylight robbery, Rs 25 lakh cash was stolen from a stationary car after the miscreants smashed the window panes of the driver seat of the car in Hanamkonda on Monday. The incident happened in front of the HDFC bank at Nakkalagutta, the busiest centre in the city. The victim, J Tirupathi, […]
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Nikon Scholarship Programme 2021-22 Nikon India Private Limited invites scholarship applications from students (Class 12 passed onwards) pursuing photography courses. The scholarship programme is meant to support students from underprivileged sections of the society. Eligibility: Open for students (Class 12 passed onwards) pursuing photography courses with duration of 3 months or more. Annual family income […]
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Hyderabad: Continuing the investigation into the Karvy Stock Broking Limited cheating case, the Hyderabad Central Crime Station police on Friday arrested Y. Sailaja, a Company Secretary working for Karvy, on charges of falsely creating the company resolution and misrepresenting the HDFC bank to obtain loans. Police said Sailaja, being the Company Secretary, had created a […]
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Some netizens expressed rage over the helpless situations of students during the pandemic while some supported the bank saying candidates selected without examinations can be a threat.
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His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed a salary of Rs 4.77 crore for the fiscal year
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Besides these five banks, Bajaj Finserve and SBI Card may face problems as they were also issuing cards of this payment gateway
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Among loan categories, retail loans grew by around 9 per cent over June 30, 2020, and were lower by around 1 per cent as compared to March 31, 2021.
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Check out the latest academic scholarships here
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In December 2020, the RBI took the unprecedented step of stopping the largest private sector lender from selling any new credit cards and also launching new digital services.