HDFC Bank increased its Marginal Cost of funding based on the Lending Rate by 0.35 per cent from June 7, as per the new rate structure published on its website.
On the merger and acquisition front, there were 45 deals worth USD 42.73 billion, which was a 676 per cent jump in the activity by values.
Halting its five-day fall, the BSE Sensex jumped 574.35 points or 1.02 per cent to finish at 57,037.50. During the day, the index rallied 753.36 points or 1.33 per cent to 57,216.51.
A rise in inflation, as well as a fresh spike in global crude oil prices, seemed to have dented investors' sentiment.
The HDFC-HDFC Bank merger is expected to be completed by the second or third quarter of FY24.
Digital 2.0 programme of the bank is designed to provide products to its customers for frictionless financial experience. It will help customers to move from a single transaction to a complete financial solution journey such as loan disbursement, payments and investment.
The bank has not provided any statement of transactions and cash memo which is actually signed by the bank customer or any document which proves that the credit card was requested or used.
A Memorandum of Understanding (MoU) was signed between IPPB and HDFC Ltd on Monday for a strategic alliance.
Total consolidated income during the quarter under review rose to Rs 41,436.36 crore from Rs 38,438.47 crore in July-September 2020, HDFC Bank said in a statement.
HDFC Bank said that after the expansion, the bank's reach will increase to a third of the villages in the country.
According to HDFC Bank's e-mail, some of its services will not be available for a period of 18 hours.
With the lifting of the nine-month-long ban on HDFC Bank with respect to selling new credit cards, its shares climbed 1.61 per cent to Rs 1,539.10 apiece after opening at Rs 1,550.
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.
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