The Reserve Bank of India had issued orders in December and February to HDFC Bank on certain incidents of outages in the internet banking /mobile banking/payment utilities of the bank over the past two years.
The gang of cheats had allegedly duped the Bank by opening priority accounts in several banks to avail of premier banking services using fake documents.
HDFC Bank Share Dividend 2021, HDFC Bank Share Dividend Record date 2021: HDFC Bank has announced a dividend of Rs 6.50 per equity share.
With this 'Cardless Cash Withdrawal' process, customers can obtain cash from an HDFC Bank ATM even when they are not carrying their debit cards.
Frustrated at repeated tech outages at HDFC Bank, the RBI took unprecedented action against the lender in December 2020, putting a freeze on it issuing any new credit card, a segment in which it was a market leader.
HDFC Bank on Friday said its board has declared a dividend of Rs 6.50 per share for the year ended March 2021.
HDFC Bank has announced a refund of the controversial 'GPS device commission' charged to auto loan borrowers for six years.
Customers of HDFC Bank have been facing issues with the bank's mobile banking application during the day.
Yadav said that the police received a complaint on June 8 that Bharti, who came to load money in the HDFC Bank ATM at HT building on Kasturba Gandhi Marg in the national capital had taken away Rs 21.02 lakh.
Customers can conduct over 15 types of transactions using the Mobile ATMs, which will be operational at each location for a specific period. The Mobile ATMs will cover 3-4 stops in a day.
The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Act, the apex bank said.
The measures comprise setting up permanent medical infrastructure such as Oxygen plants, medical equipment, and ICU facilities, in addition to providing medical supplies to hospitals across India.
HDFC Bank is planning to set up 20 oxygen plants in hospitals besides three 100-bed COVID care facilities as part of the plan.
Equity benchmark gauges closed 1.7 per cent higher on Monday with banking and financial stocks witnessing substantial gains after a steady decline in fresh Covid-19 cases.
Equity benchmark indices cracked by 2 per cent on April 30 due to unabated rise in COVID cases and hiccups in vaccination drive amid unfavourable global cues. The BSE SandP Sensex closed 984 points or 1.98 per cent lower at 48,782 while the Nifty 50 plunged by 264 points or 1.77 per cent to 14,631.
This is not for the first time that the customers of the bank have faced service outage. In fact, the bank has been penalised by the Reserve bank of India (RBI) for two major outages in the past.
HDFC Bank was adjudged the India's best bank for SMEs at the Asiamoney Best Bank Awards 2021.
State Bank of India, ICICI, HDFC, Axis Bank and Punjab National Bank (PNB) customers have been warned about a serious security flaw.
The bank will reimburse vaccination cost for the two mandated doses, the lender said in a statement.
The move comes two days after similar announcements by rivals SBI and Kotak Mahindra Bank, who are now giving home loans at 6.70 per cent and 6.65 per cent, respectively.
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