Page 9 - Hdfc Bank

HDFC Bank aims to double rural presence, hire 2,500 people

HDFC Bank, the country's largest private sector lender, on Sunday said it aims to double its rural reach to two lakh villages, which will see it hire 2,500 people in the next six months

HDFC Bank says it will double retail loans, sees 'robust demand' in economy

Uncertainty is declining as businesses seek to bolster growth after Covid-19, says the bank's country head for retail assets.

HDFC Bank, Paytm launch Visa-powered credit cards ahead of festive season

The partnership aims to provide one of the widest range of offerings across customer segments, with special focus on millennials, business owners and merchants

Top headlines: Evergrande threat hits markets; Pfizer vaccine works on kids

Business Standard brings you the top headlines on Monday

HDFC Bank ties up with Paytm to issue co-branded credit cards from Oct

The credit cards will be launched in October during the festive season to tap into the high consumer demand for credit cards

HDFC Bank, RIL may see minor churn as Sensex rebalances on Friday

According to IIFL Alternative Research, HDFC Bank could see buying worth $57 million, while RIL could see selling to the tune of $11 million

Freak trade: Blue chip stocks see 'unusual' price rise on NSE

According to data provided by NSE, futures contracts of HDFC, Bharti Airtel, HDFC Bank, TCS and RIL jumped around 10 per cent each for a few nanoseconds in early trading

Street signs: HDFC Bank back in 'red flag' list, Sansera GMP at 15% & more

A red flag gets activated whenever the foreign shareholding is less than 3 per cent of the permissible limit, which in HDFC Bank's case is 74 per cent

HDFC Bank signs pact with NSIC to provide credit support to MSMEs

HDFC Bank on Tuesday said it has signed a pact with the National Small Industries Corporation (NSIC) for providing credit support to the micro, small and medium enterprise (MSME) sector. Under this, the country's largest private sector bank will also provide MSMEs with a set of specially-tailored schemes to enhance their competitiveness. "HDFC Bank has signed a memorandum of understanding with National Small Industries Corporation to offer credit support to MSMEs across the country," the bank said in a statement. The bank branches will extend support to the MSME projects in the areas they are located and to other important industrial sectors across the country. Rahul Shukla, group head (commercial and rural banking) of HDFC Bank, said the partnership will help reboot the economy and give it a required fillip. "We believe this partnership with NSIC will help expedite the MSME sector growth, which is the backbone of the country both in terms of economic development and job creation,

Cathie Wood's fintech ETF sells HDFC Bank for first time since May

HDFC Bank ranks among the world's most priciest mega banks

HDFC Bank lists $1-billion AT-1 bonds on IFSC exchanges at GIFT

HDFC Bank on Thursday listed its USD 1 billion additional tier- I (AT-1) bonds on the IFSC (International Financial Services Centre) exchanges at Gujarat International Finance Tec-City (GIFT)

HDFC Bank divests over 25% stake in CDSL for Rs 223 crore

HDFC Bank sold 23,11,000 equity shares of face value of Rs 10 each fully paid up held by the bank in CDSL through the secondary market route on the NSE

HDFC Bank to issue 300,000 credit cards a month to regain lost market share

Will raise issuance to 500,000 credit cards per month beginning February 2022

HDFC Bank aims to issue 300,000 credit cards per month from next quarter

HDFC Bank is looking at winning back the market share by number of cards in the next one year, a senior official said on Monday. The largest private sector lender by assets was allowed to issue new credit cards by the RBI last week, over eight months after being banned from doing so due to concerns over repeated technological outages. Parag Rao, its group head for payments and consumer finance, digital banking and IT told reporters that the bank has set some milestones for itself as it seeks to re-enter the market. The first is to achieve monthly new credit card sales to 3 lakh, the number right before the ban in November 2020, Rao said, adding that the same will be achieved in three months. Two quarters after that, it aims to take the monthly new card sales to 5 lakh a month, Rao said, adding that in three to four quarters from now, it plans to regain the market share by number of cards. Rao added that during the ban, the bank lost its market share by number of cards but was able

Good show by private banks, better by PSBs

Whether it is net profit, fee income or bad loans, public sector banks have put up a better show in the June quarter than their private peers

Paytm, HDFC Bank tie up to develop payment products for new online ventures

While HDFC Bank will drive merchant partnerships to whom Paytm will offer its existing Android PoS devices, the two will also jointly launch a co-branded retail PoS product

Stocks to watch: CarTrade Tech, HDFC Bank, Vodafone Idea, Airtel, Indostar

MD and CEO Nitin Chugh of Ujjivan Small Finance Bank has resigned from the bank and his tenure will come to an end on September 30

Chairman of Karvy Stock Broking arrested for defaulting on bank loan

C Parthasarathy was arrested for defaulting on a loan taken from the IndusIndbank in 2019 and diverting the fund to other bank accounts

Will come back with a bang in credit cards: HDFC Bank CEO Jagdishan

'I am confident that we will regain and grow our customer market share and revenue market share in the time to come,' says HDFC Bank CEO

ICICI Bank gained more than 1.3 million credit cards since December

ICICI Bank was been the biggest gainer in the December-June period