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HDFC Bank to file response to US lawsuit by early next year

HDFC Bank to file response to US lawsuit by early next year

🕔20:54, 21.Sep 2020

New Delhi, Sep 21  HDFC Bank has denied the allegations in a class action suit in the US and said it intends to defend itself vigorously in the lawsuit. The Bank expects its response to the lawsuit to be due

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HDFC Bank to boost digital customer experiences with Adobe

HDFC Bank to boost digital customer experiences with Adobe

🕔11:42, 27.Aug 2020

New Delhi, Aug 27 In a bid to enhance digital experiences for its customers, HDFC Bank on Thursday announced a partnership with Adobe. The Adobe Experience Cloud solutions will enable HDFC Bank to deliver zero-touch, personalised digital experiences to existing as

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Prima facie it looks frivolous: HDFC Bank on lawsuit plan in US

Prima facie it looks frivolous: HDFC Bank on lawsuit plan in US

🕔07:50, 18.Aug 2020

Mumbai, Aug 18  As HDFC Bank faces a likely class action lawsuit by the US-based Rosen Law Firm, the bank said that the proposed lawsuit looks frivolous as the bank has been transparent with its disclosures. The global investor rights

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HDFC Bank launches farm loan product for armed forces

HDFC Bank launches farm loan product for armed forces

🕔17:44, 14.Aug 2020

Mumbai, Aug 14  HDFC Bank on Friday launched ‘Shaurya KGC Card’, for families of armed forces engaged in agricultural activities wherein the armed forces personnel will get finance for agricultural requirements like production of crop, post-harvest maintenance and consumption needs.

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HDFC Bank cuts MCLR by 10 bps across tenors

HDFC Bank cuts MCLR by 10 bps across tenors

🕔17:00, 7.Aug 2020

Mumbai, Aug 7  HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday. According to the HDFC Bank website, post the rate cut, the overnight MCLR stands

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Sashidhar Jagdishan to take over from Aditya Puri as new HDFC Bank CEO

Sashidhar Jagdishan to take over from Aditya Puri as new HDFC Bank CEO

🕔12:18, 4.Aug 2020

New Delhi, Aug 4  In a change of guard at HDFC Bank after 26 years, Reserve Bank of India (RBI) has approved the appointment of Sashidhar Jagdishan as Managing Director and CEO of the Bank for a period of three

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CBI arrests 2 HDFC Bank staff in Rs 2L graft case

CBI arrests 2 HDFC Bank staff in Rs 2L graft case

🕔08:45, 1.Aug 2020

Mumbai/New Delhi, Aug 01 The Central Bureau of Investigation (CBI) on Friday arrested two employees of HDFC Bank in a Rs 2 lakh graft case, officials said. A CBI spokesperson in Delhi said that the agency has arrested Nitin Nikam, who

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HDFC’s Q1FY21 net profit at over Rs 3K cr

HDFC’s Q1FY21 net profit at over Rs 3K cr

🕔18:14, 30.Jul 2020

Mumbai, July 30 Mortgage lender HDFC on Thursday reported a standalone net profit of Rs 3,052 crore for Q1FY21. The company had reported a net profit of Rs 3,203 crore during the like period of the previous year. According to the

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HDFC Bank gets shareholders’ nod to raise up to Rs 50,000 cr

HDFC Bank gets shareholders’ nod to raise up to Rs 50,000 cr

🕔07:14, 20.Jul 2020

Mumbai, July 20  HDFC Bank has received shareholders’ approval to raise up to Rs 50,000 crore through bonds. The approval was given at the 26th Annual General Meeting of the bank concluded on Saturday. “Approval of shareholders was obtained for

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HDFC Bank’s Q1FY21 net profit up 20% to Rs 6,658 cr

HDFC Bank’s Q1FY21 net profit up 20% to Rs 6,658 cr

🕔17:20, 18.Jul 2020

Mumbai, July 18 Lending major HDFC Bank on Saturday reported a 19.6 per cent increase in standalone net profit for the quarter ended June 30 of FY21 on the year-on-year basis. The bank’s net profit for the first quarter of FY21

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HDFC Bank cuts interest rates on loans by 20 bps

HDFC Bank cuts interest rates on loans by 20 bps

🕔15:06, 7.Jul 2020

Mumbai, July 7  The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect. Following the reduction, MCLRs of the bank will range from 7.10 per cent

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HDFC Bank launches ‘e-Kisaan Dhan’ app for farmers

HDFC Bank launches ‘e-Kisaan Dhan’ app for farmers

🕔17:37, 30.Jun 2020

Mumbai, June 30  HDFC Bank on Tuesday launched ‘e-Kisaan Dhan’ app for farmers across India to access a bouquet of agricultural and banking services on their mobile. The app, which serves as a repository of knowledge and information for any

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HDFC Bank’s Q4 FY20 net profit up 18% to Rs 6,927.7 cr

HDFC Bank’s Q4 FY20 net profit up 18% to Rs 6,927.7 cr

🕔19:11, 19.Apr 2020

Mumbai, April 18  Lending major HDFC Bank on Saturday reported a 17.7 per cent increase in its standalone net profit for the January-March quarter of 2019-20 on a year-on-year basis. The bank’s net profit for the fourth quarter of financial

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HDFC Bank’s Q4 FY20 net profit up 18% to Rs 6,927.7 cr

HDFC Bank’s Q4 FY20 net profit up 18% to Rs 6,927.7 cr

🕔11:15, 19.Apr 2020

Mumbai, April 18 Lending major HDFC Bank on Saturday reported a 17.7 per cent increase in its standalone net profit for the January-March quarter of 2019-20 on a year-on-year basis. The bank’s net profit for the fourth quarter of financial

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Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

🕔09:40, 15.Mar 2020

Mumbai, March 14 As the government on Saturday notified the reconstruction scheme for Yes Bank, major private banks have come out with investment commitments for the crisis-hit bank. Federal Bank on Saturday announced that it would invest Rs 300 crore

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HDFC Bank, Kotak join Yes Bank rescue plan

HDFC Bank, Kotak join Yes Bank rescue plan

🕔21:28, 13.Mar 2020

Mumbai, March 13  HDFC Bank and Kotak Mahindra Bank joined the private banks which have come to the rescue of the crisis-hit Yes Bank. HDFC Bank on Friday said that its board has approved an investment of Rs 1,000 crore

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Union Cabinet approves Yes Bank reconstruction scheme

Union Cabinet approves Yes Bank reconstruction scheme

🕔16:46, 13.Mar 2020

SBI to invest in 49 % stakes, ICICI bank to invest 100 cr & HDFC board also investing New Delhi, March 13 The Union Cabinet on Friday approved a reconstruction plan for cash-strapped Yes Bank, under which the State Bank

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HDFC Bank’s Q3 standalone net profit up 33%

HDFC Bank’s Q3 standalone net profit up 33%

🕔06:56, 20.Jan 2020

Mumbai, Jan 20  Lending major HDFC Bank on Saturday reported a rise of 32.8 per cent in standalone net profit for the quarter ended December 31st, 2019, on a year-on-year basis. “After providing Rs 2,485.4 crore for taxation, the bank

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Service tax: Govt mulls out-of-court deal to resolve issue with banks

Service tax: Govt mulls out-of-court deal to resolve issue with banks

🕔20:48, 1.Aug 2019

New Delhi, Aug 1  The government may be inclined for an out-of-court settlement in its dispute with banks over unpaid service tax dues to the tune of Rs 38,000 crore with officials indicating a more flexible stance to resolve the

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HDFC to reduce home loans rates by 10 bps from Aug 1

HDFC to reduce home loans rates by 10 bps from Aug 1

🕔07:57, 1.Aug 2019

Mumbai, Aug 01  Mortgage lending major HDFC on Wednesday said that it will reduce its retail prime lending rate on housing loans from August 1. The lending major’s ‘Adjustable Rate Home Loans’ will be reduced by 10 basis points with

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