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Business  /  Published 04.03.21

HDFC cuts home loan rates

HDFC, the country’s largest housing finance company (HFC), on Wednesday said it has cut its rates by five basis points. HDFC’s loans will now start from 6.75 per cent. The mortgage lender...
By Our Special Correspondent in Mumbai

Business  /  Published 25.02.21

All banks can handle pension

All private sector banks will be allowed to handle government-related banking transactions such as the collection of taxes, pension payments and small savings schemes, the finance ministry announced o...
By Our Special Correspondent in New Delhi

Business  /  Published 03.02.21

HDFC profit rises to Rs 5,177 crore

Mortgage lender HDFC Ltd on Tuesday reported a consolidated profit after tax of Rs 5,177 crore in the December quarter compared with Rs 3,835 crore in the year-ago period. On a standalone basis, net ...
By Our Special Correspondent in Mumbai

Business  /  Published 02.02.21

HDFC Bank: external audit of IT prowess

HDFC Bank on Tuesday said the Reserve Bank of India (RBI) has appointed an external IT firm for carrying out a special audit of its IT infrastructure in the aftermath of repeated service outages at th...
By Our Bureau, Agencies in New Delhi

Business  /  Published 17.01.21

HDFC Bank beats estimates

HDFC Bank on Saturday beat Street estimates when it reported an 18  per cent growth in standalone net profits for the December quarter of 2020. The country’s largest private sector bank pos...
By Our Special Correspondent in Mumbai

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Business  /  Published 09.01.21

Aditya Puri to advise Strides

Former HDFC Bank managing director Aditya Puri has joined global pharma major Strides Group as an adviser and will also serve as a director of its associate company Stelis Biopharma.  “Emi...
By Our Bureau in Mumbai

Business  /  Published 04.01.21

HDFC, Ambuja in 72-acre realty deal

Ambuja Neotia Group has struck a deal with a HDFC Group-backed entity to build one of the largest townships in Calcutta, signalling a steady revival in the real estate sector which was bruised by the ...
By Sambit Saha in Calcutta

Business  /  Published 30.12.20

Plum post for former secretary

Atanu Chakraborty, the former economic affairs secretary, is likely to be the next part-time chairman of HDFC Bank. The board of the country’s largest bank is understood to have cleared his name...
By Our Special Correspondent in Mumbai

Business  /  Published 05.12.20

HDFC: RBI Guv defends penalties

Das also defended the RBI’s decisions to write-off bonds and shares of lenders during rescues of Yes Bank and Lakshmi Vilas Bank as legal ones taken in depositors’ interest. Das said ther...
By Our Special Correspondent in Mumbai

Business  /  Published 04.12.20

HDFC Bank credit card leash

The Reserve Bank of India on Thursday barred HDFC Bank from issuing new credit cards and launching fresh digital banking initiatives, delivering one of the harshest regulatory penalties to any banking...
By Our Special Correspondent in Mumbai


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