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.
Tags: HDFC BANK, UPI QR Code, Indian Banks, business, Commercial
Courtesy: News 18
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.
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.
Tags: HDFC BANK, Shares, Bank, Indian Business, News 2023
Courtesy: Zee News India
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
Tags: TCS, HDFC BANK, Infosys, Reliance Industries, Market Capitalization
Courtesy: Free Press Journal
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.
Tags: HDFC, merger agreement, HDFC BANK, NATIONAL STOCK EXCHANGE, Bombay stock exchange
Courtesy: ANI
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.
Tags: IDBI bank, BANK OF BARODA, HDFC BANK, Defraud, India
Courtesy: Free Press Journal
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.
Tags: HDFC BANK, HDFC limited, Merger, Maharashtra (95, ) Financial Sector
Courtesy: The Indian Express
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.
Tags: Sensex, Nifty, IT, Finance, HDFC BANK
Courtesy: ANI
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.
Tags: HDFC BANK, Home Loan, Interest Rates, PNB, SBI
Courtesy: Money Control
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.
Tags: RBI, HDFC BANK, Fine, Banking Regulations act
Courtesy: Business Today
