Private sector lender HDFC Bank doubled its SME book to over Rs 1.48 lakh crore by December 2019 from Rs 74,000 crore in March 2017, cornering over 9 percent of the around Rs 16 lakh crore market, at a time when credit flow to the segment has been tepid.
The Budget does not provide any counter-cyclical stimulus to boost consumption, and the Reserve Bank will have to do the heavy lifting to boost growth by cutting rates, the country's largest private sector lender HDFC Bank said on Wednesday. The budget announcements are also not inflationary in nature, and the Reserve Bank can cut rates as early as in the June review, it said.
Seven of the 10 most valued companies suffered a combined loss of Rs 1.89 lakh crore in market valuation last week, led by Reliance Industries which alone took a hit of Rs 87,732.8 crore.
The RBI in a release said that supervisory evaluation of the bank (2016-17) revealed that the HDFC Bank had "failed to exercise ongoing due diligence" with regards to 39 current accounts opened by its customers for bidding in Initial Public Offer.
A Noida-based girl received a jolt from the blue when she got robbed of Rs 1.5 lakh without any OTP or PIN. The fraudulent transactions were made via the girl's HDFC Bank Debit Card and HDFC Bank Credit Card. Here's what happened.
Neha, who works with a PR firm, immediately informed the HDFC customer care, got both the cards blocked, transferred the rest of the amount from the affected savings account to another joint HDFC account, and lodged an FIR in Paris.
HDFC Credit Cardholders alert! Are you holding Credit Card of HDFC Bank? Then here is important news for you. India's largest private lender, HDFC Bank has alerted its customers that Credit Card services on IVR, net banking, mobile banking, phone banking, will not be available on January 18, 2020
Debit Card users alert! Are you debit card users of SBI, PNB, HDFC, ICICI, or other banks? Then this is important new for you! All public and private banks will block debit cards (ATM cards) which doesn't have EMV (Europay, Mastercard and Visa) after 1st January 2020. According to the Reserve Bank of India (RBI) guidelines, all Indian banks need to replace the magnetic debit card of their customers with a new EMV card.
Six of the 10 most valued Indian companies suffered a combined erosion of Rs 64,419.10 crore in market valuation last week, with RIL taking the biggest knock.
HDFC Mobile Banking app and netbanking page down for the second day: Here's why you are not able to access your HDFC account online
Almost after more than 20 hours, HDFC Bank customers continue to face a lot of issues in accessing online banking services or mobile banking app on Tuesday. The bank customers were unable to use the bank’s mobile app and the net banking facility for the second day in a row due to a ‘technical glitch’.
India's largest private lender HDFC Bank has warned its customers of fraudsters sending fake messages to its customers in a move to loot their hard-earned money.
UPI Fraud Alert! As the number of transactions on the Unified Payments Interface (UPI) platform is expanding, the number of fraud cases is also growing. UPI has eased making fund transfers for customers even without using a debit card or credit cards. Keeping in mind the increasing number of UPI payment fraud, HDFC has issued alert that fraudsters are stealing money from users’ bank accounts via UPI.
Are you planning to buy gold this Dhanteras? Then this news is only for you. On the occasion of Diwali, Dhanteras festival, most Hindu families, businessmen prefer purchasing gold. So, ahead of festive season, several banks offer rewards like discounts or cashback on gold purchases. Here are some of the top bank offers on gold purchases in 2019.
Total income on a consolidated basis rose to Rs 36,130.96 crore during the three months to September, against Rs 30,124.49 crore in the same period of the previous year, the bank said in a regulatory filing.
HDFC Bank Customers alert! A passbook picture of HDFC Bank, India one of the largest private sector bank, bearing a stamp of deposit insurance cover being circulated on social media which informs customers that deposits only up to ₹1 lakh is insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Issuing a clarification on it, the lender said the information was not new and has been inserted as per Reserve Bank of India circular issued on June 22, 2017.
Around a week after the RBI restricted Punjab and Maharashtra Cooperative Bank (PMC Bank) from doing 'all business operation' for six months, HDFC Bank, Kotak Mahindra Bank, Yes Bank and IDFC customers complained about online banking transactions failed and money transfer couldn’t happen.
Are you HDFC customer? Then here is good news for you ahead of Diwali festival season. HDFC Bank on September 30 launched ‘Festive Treats’, a month-long extravaganza India's largest financial services dhamaka. Under which customers will get special offers on all banking products from loans to bank accounts,
Are you HDFC Bank account holder? Then this news will make your day. Indian one of the largest private lender HDFC Bank on Wednesday launched co-branded fuel credit card for users from non-metro cities.
These grameen loan melas (or village loan fairs) will be held across more than 300 districts and cover around 6,000 villages across India, HDFC Bank said in a statement.
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