Wednesday, February 26, 2020, 9:09 AM
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."
Thursday, February 20, 2020, 5:50 PM
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.
Thursday, January 30, 2020, 10:19 AM
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.
Friday, January 10, 2020, 10:28 AM
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.
Monday, October 21, 2019, 7:44 PM
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.
Thursday, October 10, 2019, 2:27 PM
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.
Monday, September 30, 2019, 8:50 PM
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.
Monday, August 12, 2019, 9:15 PM
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.
Monday, August 12, 2019, 11:45 AM
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.
Wednesday, August 7, 2019, 9:01 PM
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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