Photo: The Indian Express

HDFC Bank Becomes 1st Bank To Launch UPI QR Code

HDFC Bank on July 13, said it has launched a UPI QR code interoperable with India’s digital rupee or central bank digital currency (CBDC.) With this, it becomes the first commercial lender in India to do so. With this, customers and merchants can make payments using digital rupee through this UPI QR code. “HDFC Bank today announced the launch of UPI QR code interoperable," said HDFC in a statement.

Thu, 13 Jul 2023 - 03:22 PM / by Varsha Joshi

Tags: HDFC BANK, UPI QR Code, Indian Banks, business, Commercial

Courtesy: News 18

HDFC Chairman

Photo: India Times

HDFC Chairman Announces Retirement Ahead Of Merger

Ahead of the HDFC Bank-HDFC merger, HDFC Chairman Deepak Parekh, on June 30, formally announced his retirement. In his last message to the shareholders, he exuded confidence that the synergies between HDFC Bank and the group companies will deepen with the bank taking on the mantle of ownership of the group. “The HDFC experience is invaluable. Our history cannot be erased and our legacy will be taken forward," said Parekh.

Fri, 30 Jun 2023 - 05:54 PM / by Varsha Joshi

Tags: HDFC BANK, Chairman Deepak Parekh, Indian Banks, Merger

Courtesy: News 18


Photo: Business Line

HDFC Shares Increase By 3% With High Profit

Shares of housing finance major HDFC on May 4, climbed nearly 3 per cent after the firm reported a 20 per cent growth in standalone net profit for the March quarter. The stock advanced 2.64 per cent to finish at Rs 2,862.35 apiece on the BSE. During the day, it jumped 2.80 per cent to its 52-week high of Rs 2,867, confirmed the bank in a notification.

Sat, 06 May 2023 - 09:02 AM / by Varsha Joshi

Tags: HDFC BANK, Shares, Bank, Indian Business, News 2023

Courtesy: Zee News India

Market increase

Photo: Business Today

Market Capitalization Increases By Rs 1.81 Lakh Crore

Hindustan Unilever was the largest gainer last week, increasing its market worth by Rs1,81,209.89 crore along with eight of the top ten domestic companies. Reliance Industries and Tata Consultancy Services (TCS) were the two bottom-performing companies in the top-10 group. Reliance Industries continued to be the most valuable company in the top-10 list, followed by TCS, HDFC Bank, Infosys, HUL, ICICI Bank, LIC, SBI, HDFC, and Bharti Airtel.… read-more

Sun, 10 Jul 2022 - 08:30 PM / by Vidhi Jhunjhunwala

Tags: TCS, HDFC BANK, Infosys, Reliance Industries, Market Capitalization

Courtesy: Free Press Journal

HDFC and HDFC bank merger

Photo: Business Insider India

National Stock Exchange, Bombay Stock Exchange Approve HDFC-Bank Merger Proposal

The National Stock Exchange and Bombay Stock Exchange have authorized the proposed merger of HDFC Bank and its parent company HDFC, stating that they have "no objection," bringing the transaction one step closer to completion. According to the terms of the agreement, HDFC Ltd owners would get 42 HDFC Bank shares for every 25 HDFC Ltd shares owned. Existing HDFC Ltd. stockholders will hold 41% of HDFC Bank.

Mon, 04 Jul 2022 - 11:54 AM / by Vidhi Jhunjhunwala

Tags: HDFC, merger agreement, HDFC BANK, NATIONAL STOCK EXCHANGE, Bombay stock exchange

Courtesy: ANI

Indian Currency

Photo: iPleaders

'Tamasha', 'Nautanki' Firms-Turned-NPAs Defraud 3 Indian Banks Of Rs 150 Crore

Few Indian firms that become non-performing assets defraud three Indian banks of Rs 150 crore. IDBI Bank Ltd lost Rs 92.69 crore, Bank of Baroda lost Rs 49.23 crore, and HDFC Bank Rs 6.27 crore. Loans were given to Great Indian Nautanki Company Pvt. Ltd. Great Indian Tamasha Company Pvt. Ltd. is mentioned as the corporate guarantor. Wizcraft International Entertainment Pvt. Ltd. and S.G. Investments Pvt. Ltd. are also guarantors.  

Wed, 22 Jun 2022 - 05:47 PM / by Vidhi Jhunjhunwala

Tags: IDBI bank, BANK OF BARODA, HDFC BANK, Defraud, India

Courtesy: Free Press Journal

HDFC HDFC merger

Photo: DNA India

HDFC Bank, HDFC Ltd Merger Becomes Biggest Deal Of Financial Sector

HDFC Bank and HDFC Ltd, separate entities, announced a merger on April 4. Although the talks of the deal were underway, the final announcement was made during an event in Mumbai. A senior official close to the development said, "The evaluation had been going on but it moved over the last couple of weeks and got finalized". Moreover, this merger is the biggest deal in the Financial Sector.

Tue, 05 Apr 2022 - 12:44 PM / by Varsha Joshi

Tags: HDFC BANK, HDFC limited, Merger, Maharashtra (95, ) Financial Sector

Courtesy: The Indian Express

Sensex headquarters

Photo: The Financial Express

Sensex Rises With IT & Banking Stocks Getting Higher

This week's Indian markets Sensex and Nifty has hit a positive note all along the Russia-Ukraine conflict. The points started going higher with Infosys jumping to 2.65 %,  Wipro to 2%. More of the banks and IT sectors had a high impact with the State Bank of India going up 2.57% to Rs. 482.50 and Axis Bank going up with 1.83% to Rs. 703.55. 

Mon, 14 Mar 2022 - 02:33 PM / by Rupsa Debnath

Tags: Sensex, Nifty, IT, Finance, HDFC BANK

Courtesy: ANI

HDFC to offer Home Loans at 6.7% this festive season!

Photo: Mint

HDFC To Offer Home Loans At 6.7% This Festive Season

Renu Sud Karnad, Managing Director of HDFC Ltd in a press release announced a close-ended scheme on all new home loan applications starting from September 20 to October 31 as part of a festive offer. The scheme can be availed based on the borrower's credit score. The interest rates charged will be as low as 6.7% regardless of the loan amount or employment category.

Tue, 21 Sep 2021 - 07:35 PM / by Muskan Arora

Tags: HDFC BANK, Home Loan, Interest Rates, PNB, SBI

Courtesy: Money Control

RBI logo, HDFC bank.

Photo: The Logical Indian

HDFC Fined Rs 10 Cr Over Indulgence In Non-Financial Businesses

The HDFC Bank has been slapped with a monetary penalty of Rs 10 crore by the RBI for alleged irregularities in its vehicle loan division. As per reports, the bank was involved in non-financial businesses as it forcibly sold vehicle-tracking device to customers for four years, causing a breach of the Banking Regulations Act. The matter came into light after a whistleblower made a complaint in this regard in 2020. 

Sat, 29 May 2021 - 01:17 PM / by Harsh Vardhan

Tags: RBI, HDFC BANK, Fine, Banking Regulations act

Courtesy: Business Today