2017-06-20 :HDFC Bank to join hands with e-commerce giants to offer credit cards
HDFC Bank is planning to enter into a partnership agreement with e-commerce giants and digital entities to offer credit cards to its customers. With this move, the bank aims to target those customers who are currently not using credit cards and are using their debit cards for making payments or in cash which in turn will help the bank in expanding its credit card customer base.
2017-06-09 :Snapdeal and HDFC Bank together launches co branded credit card
Snapdeal and HDFC together have announced the launch of their co branded credit card ‘Snapdeal HDFC Bank card’. The newly introduced credit card is loaded with multiple features including discounts and reward points for its customers who frequently shop online via Snapdeal.
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.
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