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.
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.
Private sector lender HDFC Bank has said that it will raise Rs. 50,000 crore within a year by issuing debt instruments. The bank, in its regulatory filing proposes to raise funds by issuing perpetual debt instruments up to a total amount of Rs. 50,000 crore. The bank did not mention the purpose of raising the funds.
HDFC Bank has launched its UPI on multi-bank payment app Chillr for expanding its user base. With this, HDFC Bank UPI will now be available on Chillr, in addition to the bank’s mobile banking app. This launch will also benefit the customers of other Indian banks .
HDFC Bank has been approached by Punjab government to provide soft loans to the young entrepreneurs in Punjab to support the employment initiatives launched by the state. Chief Minister of Punjab has announced the launch of several skill and development schemes for the youth of Punjab youth to improve their employability and rate of employment.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at firstname.lastname@example.org to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.