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Shaktikanta Das uses sports analogy to explain RBI's stand on banker retirement age

Wednesday, February 26, 2020, 9:09 AM

Shaktikanta Das uses sports analogy to explain RBI's stand on banker retirement age

The Reserve Bank of India will not be giving in to the banks' demand to increase the retirement age of private sector bank chiefs and RBI's Governor Shaktikanta Das explained it with an analogy from cricket. "You must retire when people ask 'why' and not 'why not'," Das said, quoting former Indian cricketer Sunil Gavaskar. "I'm a fan of cricket."

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HDFC Bank SME book doubles to Rs 1.48 lakh cr in under 3 years

Thursday, February 20, 2020, 5:50 PM

HDFC Bank SME book doubles to Rs 1.48 lakh cr in under 3 years

Private sector lender HDFC Bank doubled its SME book to over Rs.1.48-lakh-crore by December 2019 from Rs.74,000-crore in March 2017, cornering over 9% of the around Rs.16-lakh-crore market, at a time when credit flow to the segment has been tepid. According to the RBI data, the system-wide SME loan book stood at Rs.15.7-lakh-crore as of June 2019, up 10% over the 12 months' period.

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RBI imposes Rs 1 crore penalty on HDFC Bank

Thursday, January 30, 2020, 10:19 AM

RBI imposes Rs 1 crore penalty on HDFC Bank

The RBI has imposed a penalty of Rs.1 crore on HDFC Bank for non-compliance with KYC norms, the central bank said. The RBI in a release said that the supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had "failed to exercise ongoing due diligence" with regards to 39 current accounts opened by its customers for bidding in IPO.

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HDFC Bank launches its My Apps platform for institutions

Friday, January 10, 2020, 10:28 AM

HDFC Bank launches its My Apps platform for institutions

Making its foray into ecosystem banking, private sector lender HDFC Bank launched its My Apps platform, a suite of customisable mobile apps, for large institutions, including urban local bodies (ULBs), housing societies, clubs and religious institutions. The apps are white-labeled, which means institutions would be able to customise them for the users with their own branding and content.

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Happy to sacrifice margins in lieu of deposits: HDFC Bank

Monday, October 21, 2019, 7:44 PM

Happy to sacrifice margins in lieu of deposits: HDFC Bank

HDFC Bank, which is on an expansion spree, wants to continue focusing on garnering deposits amid slow credit pick up, even if it leads to lower margins in the trade off. The bank's Net Interest Margins (NIMs), that have largely remained in the tight range of 4.2-4.4 percent, slipped to the lower rung after more than a year.

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HDFC donates Rs 5 crore to Uttar Pradesh CM Relief Fund

Thursday, October 10, 2019, 2:27 PM

HDFC donates Rs 5 crore to Uttar Pradesh CM Relief Fund

HDFC Bank has donated Rs 5 crore to Uttar Pradesh Chief Minister Relief Fund. Bank officials, Sanjeev Kumar, Branch Banking Head Uttar Pradesh and Uttarakhand and Arvind Vohra, Country Head of Retail Branch Banking presented the cheque to Chief Minister Yogi Adityanath at his residence in Lucknow on Wednesday.

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Demand uptick seen in semi-urban and rural India: Aditya Puri

Monday, September 30, 2019, 8:50 PM

Demand uptick seen in semi-urban and rural India: Aditya Puri

HDFC Bank-Managing-Director Aditya Puri on September-30 said demand is picking up in semi-urban and rural India. "We are starting to see a change in sentiment; but it won't happen overnight," Puri said in an interview with CNBC-TV18. Puri said the bank is starting to see disinvestment and expenditure pick-up. "We are confident of growth and putting a lot of effort behind it," Puri said.

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RBI cuts interest rate but reduction in your home loan EMI will be slow

Monday, August 12, 2019, 9:15 PM

RBI cuts interest rate but reduction in your home loan EMI will be slow

The country's central-bank has cut-interest-rates for the fourth-time in a row. The repo-rate cut has been cut by 35 basis-points and now stands at 5.4% the lowest since April 2010. With this, the RBI has reduced interest rates by 110-bps since the start of the year. The higher than normal-rate-cut is ostensibly a signal for banks to cut lending-rates aggressively before festive-season kicks in.

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HDFC Bank mulls doubling credit card user base to 25 mn this fiscal

Monday, August 12, 2019, 11:45 AM

HDFC Bank mulls doubling credit card user base to 25 mn this fiscal

India's most valuable lender HDFC Bank is planning to double its credit card base and triple the merchant acquiring business this fiscal year, even as most banks raise concerns over rising stress in their unsecured loan book. The private-sector lender currently has a credit card base of 12.5 million and 9,00,000 unique merchants with 1.5 million acceptance points.

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Chronicling the journey of Indian private banks

Wednesday, August 7, 2019, 9:01 PM

Chronicling the journey of Indian private banks

Twenty five years ago when Aditya Puri and Paresh Sukthankar sat with a band of bankers to tell potential investors in the initial public offering of HDFC Bank what they intended to do in their first three years, few knew what was possible. But regulations demanded they provide a business plan if they wanted capital from public markets.

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