HDFC Bank Current Affairs, GK & News

Merger of HDFC Limited and HDFC Bank

HDFC’s board of directors has approved the merger of HDFC Bank, India’s largest private sector bank with HDFC (Housing Development Finance Corporation), India’s largest housing finance firm. Overview: The deal will be building the housing loan portfolio of the bank and will also be enhancing its existing customer base. Under the agreement that has been ..

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Domestic Systemically Important Banks (D-SIBs)

As per Reserve Bank of India (RBI), State Bank of India (SBI), HDFC Bank and ICICI Bank continue to be identified as Domestic Systemically Important Banks (D-SIBs), similar to 2020 list of D-SIBs. Highlights These three banks continue to be in the list, under the same bucketing structure as it was there in the 2020 ..

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India Post Payments Bank and HDFC joined hands to offer home loans

India Post Payments Bank (IPPB) and HDFC bank has signed a memorandum of understanding (MoU) for offering home loans to about 4.7 crore customers of the payments bank. Key Facts IPPB, that leverages its country-wide network of 650 branches and more than 1,36,000 banking access points or Post offices, aims to make home loan products of HDFC available to its ..

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HDFC Bank, Mastercard, USAID commit $100-mn credit facility

HDFC Bank, Mastercard and USAID have committed $100-mn credit facility with the aim to expand lending to small businesses. Key Points New credit facility will help small businesses that require financing for maintaining and growing their operations. The credit facility will also enable recovery by means of digitisation. It emphasises on providing support to women-led ..

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HDFC-NSIC pact to provide Credit Support to MSMEs

HDFC Bank has signed a Memorandum of Understanding (MoU) with National Small Industries Corporation (NSIC) to offer and strengthen credit support to MSMEs across India. Highlights Partnership with NSIC will help in boosting the MSME Sector growth which is the backbone of India in terms of economic development as well as job creation. Under this ..

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HDFC Bank to turn carbon neutral by 2031-32

HDFC Bank has planned to become carbon neutral by 2031-32. Bank is now looking for reducing its emissions, energy, and water consumption. How HDFC will turn carbon neutral? HDFC will continue to incorporate and scale up use of renewable energy in its operations. Under its environmental, social, and corporate governance (ESG) strategy, bank will also ..

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