“Yes, we lost customer market share in the last 9/10 months, but I am confident that we will regain and grow our customer market share and revenue market share in the time to come. We have the resources and plans in place to further reinforce our pole position in the credit card segment,” HDFC Bank MD Sashidhar Jagdishan said in a letter to employees.
“Yes, we lost customer market share in the last 9/10 months, but I am confident that we will regain and grow our customer market share and revenue market share in the time to come. We have the resources and plans in place to further reinforce our pole position in the credit card segment,” HDFC Bank MD Sashidhar Jagdishan said in a letter to employees.
RBI fines HDFC Bank Rs 10 crore over regulatory violations
The action has been taken after RBI looked into a whistleblower complaint about irregularities in HDFC Bank s vehicle loan division
BusinessToday.In | May 29, 2021 | Updated 02:08 IST
Reserve Bank of India has imposed a Rs 10 crore fine on HDFC Bank. The monetary penalty has been imposed on the private sector lender for contravention of provisions of section 6(2) and section 8 of the Banking Regulation Act, 1949, the central bank said in a statement on Friday.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, RBI clarified.
Updated Mar 12, 2021 | 14:23 IST
HDFC Bank said it will reimburse the cost of Covid-19 jabs for its 1 lakh employees and their dependent family members in a statement on Friday HDFC Bank to reimburse vaccination cost to 1 lakh employees, family members | Photo Credit: PTI
HDFC Bank on Friday announced that it will sponsor the inoculation of over 1 lakh employees of the bank and their immediate family members against coronavirus. The bank will reimburse vaccination cost for the two mandated doses.
Several big companies such as ICICI Bank, Flipkart, Infosys, Accenture and others have also announced similar plans as corporates join government efforts to administer Covid-19 jabs in order to ensure a safe working environment for the workforce.
URL copied Image Source : FILE PHOTO/PTI
The best customers having good credit histories will be now able to get new loans at 6.75 per cent after the cut.
Mortgage major HDFC also cut its interest rate offering on Wednesday, making credit cheaper 0.05 per cent to its customers.
The best customers having good credit histories will be now able to get new loans at 6.75 per cent after the cut, irrespective of the home loan amounts, officials said.
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.