After the loan rate hike, the overnight MCLR has gone up to 9.15% from 9.10%, while the one-month MCLR has moved up to 9.20% from 9.15%. Moreover, the three-year MCLR, on the other hand, has increased to 9.50% from 9.45%.
HDFC Bank UPI service: UPI has not only eliminated the need to carry cash but has also made transactions much easier and safer. However, this month, UPI will be unavailable in HDFC bank for two days, preventing people from using this service.
The Average Minimum Balance (AMB) is the minimum amount that must be maintained in your savings account to avoid being charged for non-maintenance.
The HDFC bank in a statement said that the financial and non-financial transactions for HDFC Bank Current & Savings Account (CASA) holders will not be available during the maintaince time.
Multiple rules are going to be changed from August 1. Let us take a look at what changes are going to be implemented.
HDFC Bank and Axis Bank will experience online and mobile banking service disruptions this weekend due to system upgrades. HDFC Bank’s UPI services will be down on July 13, 2024, from 3:00 AM to 3:45 AM and from 9:30 AM to 12:45 PM.
HDFC Bank has scheduled a system upgrade on Saturday, July 13, 2024, from 3:00 AM to 4:30 PM to enhance performance, capacity, and reliability. During these 13.5 hours, certain banking services will be temporarily limited. Customers should plan accordingly to avoid disruptions.
In early trading on Tuesday, benchmark equity indices saw a decline due to profit-taking after a record-breaking rally. Bluechip stocks such as Reliance Industries and HDFC Bank faced selling pressure.
This rally followed the Reserve Bank of India's (RBI) approval of a record Rs 2.11 lakh crore dividend to the government, bolstered by strong buying in blue-chip stocks such as Reliance Industries and HDFC Bank.
As May unfolds, several financial changes are on the horizon, impacting mutual fund investors and banking customers alike. While not as transformative as previous months, these changes demand attention and awareness.
State Bank of India (SBI) has climbed the ranks to become India's fifth most valuable firm, overtaking Infosys in market capitalisation. With its shares rising by 1.51 per cent and hitting a 52-week high during trading, SBI's market capitalisation reached Rs 6,88,578.43 crore.
S&P expects a slowdown in system-level credit growth to around 14 per cent in FY25, beginning April 1, compared to the about 16 per cent annual growth in the first three quarters of FY24.
If HDFC Bank fails to complete the acquisition within the timeframe of one year, the approval will be revoked.
The bank's American Depository Receipts fell over 15 per cent in the last two days, resulting in a more than 10 per cent slump in the domestic HDFC Bank stock.
Banking shares faced significant selling pressure as all 12 Nifty Bank index constituents traded with cuts. The selling activity was triggered by negative commentary on HDFC Bank's below-par third quarter figures, impacting sentiment across the sector.
HDFC Bank reported a net profit of Rs 16,372 crore compared to Rs 15,976 crore in the quarter-ago period on a standalone basis.
The total income on a standalone basis for the bank stood at Rs 81,720 crore in the third quarter of FY24, compared to Rs 51,208 crore in the same period of the previous year.
According to the Mumbai Police, the email sender has been arrested from Vadodara in Gujarat. The police also detained two more persons in the matter and were being questioned as to why the threatening mail was sent.
The sender claimed to be from 'Khilafat India' and stated that bombs have been planted at a total of 11 locations in Mumbai. According to the email, the bombs were planted at RBI offices, ICICI Bank and HDFC Bank and the blasts were to take place at 1:30 pm today (December 26).
The market valuation of HDFC Bank plummeted by Rs 99,835.27 crore to Rs 11,59,154.60 crore.
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