2017-05-18 :HDFC Bank launches its co branded debit card in collaboration with Times Internet
HDFC Bank has announced the launch of its co branded debit card, ‘Times Point Debit Card’ in collaboration with Times Internet. The newly introduced debit card is aimed at providing various benefits to the bank’s customers including offers, discounts and rewards points while doing online shopping.
2017-04-24 :HDFC Bank board approves issue of perpetual debt instrument of Rs. 50000 crore
The board of directors of HDFC bank has approved the issue of perpetual debt instruments up to a total amount of Rs. 50,000 crore in the period of next twelve months. HDFC Bank further stated that the debt securities will be issued on a private placement basis after getting the approval from the shareholders in the annual general meeting.
2017-04-24 :HDFC Bank headcount drops by 3,200 in FY17
HDFC Bank reported a net attrition of 3,200 employees in FY17 due to increasing digitization of banking transactions. According to deputy MD, Paresh Sukthankar, India’s second-largest private sector bank had 84,300 employees in March FY17 as against 87,500 employees in March 2016. Sukhthankar stated that the lower employee count is due to the changes in process design and improvement in transaction efficiencies besides increased digitization.
2017-04-13 :HDFC chief says future of India will be technology driven
HDFC chief said that the economic growth of India will be completely technology based in the near future. He further added that the financial services, e-commerce business and mobile banking are the big growth focus areas.
2017-04-11 :Suryoday small finance bank is focusing on distribution of insurance policies
Suryoday small finance bank is focusing on emerging as a large distributor of insurance policies. The bank has tied up with several banks such as Kotak Life, Kotak General, HDFC Life and ICICI Lombard to offer life and general insurance products to its customers.
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