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The reverse merger of HDFC with its subsidiary HDFC Bank effective Saturday has increased the total business of the merged entity to over Rs 41 lakh crore
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IKEA India joins hands with HDFC Bank by launching a hassle-free and convenient consumer financing option for all its customers.
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The programme is aimed at improving the standard of living of residents in 19 villages in Bhupalpally
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The latest data from the US indicated softening of the labour market and a decline in factory orders, a scenario that has also triggered expectations that the US Federal Reserve could go slow on tightening of monetary policy to boost the economy.
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The agreement will facilitate credit flow under Agri-Clinics (AC) & Agri-Business Centres scheme
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Hyderabad: HDFC bank shares rallied over 6 per cent and hit over 7-month highs on Friday in the intra-day trade. Reports of HDFC Bank’s inclusion in the MSCI India Index resulted in a sharp rally. The shares of the bank were in consolidation for over 20 months before they rallied today. The share price is […]
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Hyderabad: Commemorating the World Environment Day, HDFC Bank launched a campaign to raise awareness on the importance of reducing air pollution called #EnginesOff. Through a short street play, motorists at traffic intersections were encouraged to switch off their engines while they were waiting for the signal to turn green. The bank is rolling out the […]
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Hyderabad: A teenager played online games using his mother and grandfather’s money without their knowledge and lost Rs. 36 lakhs over a period of time. The teenager, a resident of Amberpet in the city, had downloaded a free fire gaming app on his grandfather’s mobile phone a few months ago. As he had access to […]
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Hyderabad: An HDFC Bank customer from Vikarabad received the shock of his life on Sunday when his bank balance had shot up to Rs 18,52,00,000. That’s Rs 18 crore 52 lakh for those who get confused on the zeroes. Venkat Reddy was stunned when his account balance flashed on the screen. He immediately informed the […]
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Hyderabad: Administrative Staff College of India (ASCI) has completed the final placements successfully for the second batch of the full-time PGDM2022 (AICTE approved) programme, securing 100 per cent placements for the eligible students. ASCI has over 65 years of legacy and has been running the PGDM programme since 2019. This programme comes with a dual […]
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New Delhi: Investors’ wealth tumbled over Rs 2.58 lakh crore on Monday as equity markets suffered a heavy sell-off, with the Sensex plunging 2 per cent. The BSE benchmark tanked 1,172.19 points or 2.01 per cent to settle at 57,166.74 after a weak opening. During the day, it plummeted 1,496.54 points or 2.56 per cent […]
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HDFC and HDFC Bank merger sparks optimism, but regulatory costs, risks, and long-term integration challenges raise questions on sustained benefits
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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 […]
