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.
Courtesy: Money Control
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.
Courtesy: Business Today
HDFC bank has joined the list of companies bearing the COVID-19 vaccination cost of its employees and immediate families. Reportedly, the bank will ensure free vaccination to over one lakh employees for both doses. Thanking the employees for ensuring smooth banking services even through the lockdown, HDFC’s Group Head Ashima Bhat said the organization will prioritize the health and safety of employees and their dependents in these tough times… read-more
Retired IAS, Atanu Chakraborty is likely to be the next chairman of the HDFC Bank. However, the HDFC Bank has submitted all the documents of Chakraborty and will replace Shyamala Gopinath whose term ends on January 1. Former MD of Gujarat Petronet Ltd, Chakraborty has over 22 years of experience in central or state departments including PSU’s. After appointing him, HDFC will become the second private bank after ICICI to have ex-bureaucrat as… read-more
Courtesy: Times Now
The Reserve Bank of India on December 2 ordered HDFC Bank to halt its all upcoming projects related to digital transactions and stop issuing new credit cards. The order cited recent outages in HDFC's internet banking services, including the latest outage of November 21, as reason. Besides, the order has also mandated HDFC to examine the shortcomings. However, the bank's existing operations will remain intact.
Courtesy: Zee News
HDFC Bank on October 17 informed that its present head of finance, Sashidhar Jagdishan, will be the new CEO of the bank. Earlier, the RBI has approved his appointment for a term of three years. Sashidhar, who joined HDFC in 1996, has served various positions in the bank including that of Chief Financial Officer. He is expected to take charge from October 27, and will replace incumbent Aditya Puri.
HDFC's Chief Marketing Officer Ravi Santhanam has been placed 39th in the Forbes' Most Influential CMO's of the world list. Reportedly, he is the only Indian CMO to achieve this feat. The Forbes mentioned that Santhanam believes in machine learning and data science as critical tools for marketers. Reacting to this achievement, Santhanam stated that he was "humbled to be a part of Forbes" list and will keep on influencing people.
Courtesy: Live MInt
A total loss of Rs 1,11,799.05 crore was faced by eight leading companies in the first week of September. ICICI Banks and Reliance Industries Limited alone faced a combined loss of Rs 49,693.28 crore. In addition to them, HDFC, Kotak Mahindra Bank, ITC, Infosys, Hindustan Unilever also faced losses in their market value. On the contrary, TCS and HDFC banks faced a combined gain of Rs 22,398.11 crore in their values.
Courtesy: Deccan Herald
Sashidhar Jagdishan will be appointed as the new Chief Executive Officer (CEO) of India's largest private sector in term of assets, HDFC bank. Jagdishan, who is currently the Chief Financial Officer, joined Mumbai-based HDFC in 1996. He will be replacing present CEO, Aditya Puri who is set to retire on October 26, 2020. Reportedly, HDFC bank's shares spiked by 4.7% after the announcement, inflating the Mumbai market.
Courtesy: India Today