HDFC Bank
HDFC – first to issue electronic bank guarantee
The HDFC Bank, the largest private sector bank in India, became the first bank in the country to issue an Electronic Bank Guarantee (e-BG). Key facts The HDFC bank recently launched the first-ever Electronic Bank Guarantee (e-BG) in collaboration with ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - April, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2024
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 ..
Month: Current Affairs - October, 2021
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 ..
Month: Current Affairs - October, 2021
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 ..