HDFC Bank

  • Sensex falls 37 points in the third day of losses; IT stocks shine 03-01-2014 09:30 AM

    Mumbai: After dropping 157 points in early trade amid weak global cues, the Sensex on Friday recouped some losses in the latter half on the back of continued strength in IT stocks to end the day with a 37-point fall. Selling in bluechips led by auto sector on reports of...
  • Current a/c gap narrows; economy seen improving 02-12-2013 09:36 PM

    India's current account gap narrowed sharply in the September quarter, thanks to steps to curb gold imports, the latest in a run of positive signs for a sluggish economy. Earlier on Monday, the HSBC Manufacturing PMI index for November showed Indian manufacturing at its strongest since March. On Friday, data...
  • UP: HDFC introduces banking to rural women in Bulandshahar 30-10-2013 09:07 PM

    A private bank in Bulandshahar in Uttar Pradesh has taken an initiative to introduce banking to rural women in order to make them self reliant. Women, who have never stepped into a bank earlier are taught how to bank. Nasreen, mother of two, may not know be aware of old...
  • Not to reduce interest on consumer durable loans: HDFC Bank 04-10-2013 08:08 PM

    Chomu: HDFC Bank on Friday said it will not reduce interest rates for consumer durable loans ahead of the festive season, although state-owned lenders might do so on a call by the Finance Ministry to boost demand. "No, we will not be reducing the interest rates (on consumer durable loans)....
  • FIR against HDFC Bank, others for cheating retired bureaucrat 03-10-2013 06:39 PM

    New Delhi: Delhi Police has informed a court in New Delhithat, as per its orders, an FIR has been lodged against HDFC Bank along with unknown persons for allegedly cheating a retired bureaucrat of over Rs 13.6 lakh by making withdrawals from his bank account and also forging his wife's...
  • ICICI Bank raises base rate by 0.25 per cent to 10% 22-08-2013 07:32 PM

    Mumbai: ICICI Bank, the country's largest private sector lender, on Thursday increased its lending rate by 0.25 per cent to 10 per cent with effect from Friday. The bank also effected a similar hike in its prime lending rates, which will be applicable to existing customers who are on the...
  • Yes Bank, Canara Bank, HDFC Bank shares erase early gains as rupee tumbles a new low 21-08-2013 07:26 PM

    In highly volatile trade, banking stocks on Wednesday erased almost all the gains they notched up in early trade after the rupee declined sharply to sub-64 levels. Banking stocks were trading in the positive terrain on BSE taking cues from RBI measures to ease liquidity in the system. Yes Bank,...
  • HDFC ATM, debit card, netbanking services unavailable this weekend 17-07-2013 06:36 PM

    New Delhi: In an email notification to its customers HDFC Bank has informed that the bank's ATM, online banking, mobile banking, debit card and other services would be unavailable over the weekend because of a scheduled system upgrade. HDFC Bank has also posted the notification on its website. "We are...
  • Some truth in Cobrapost expose, will take action: RBI 30-05-2013 11:20 PM

    Ahmedabad: There is "some truth" in Cobrapost's allegations of wrong doings by banks and RBI has issued notices to their managements, central bank Governor D Subbarao said on Thursday. "We have done study of those banks, investigated them ... We have done a larger study of those banks and we...
  • I-T dept issues notices to ICICI, Axis, HDFC banks 28-05-2013 09:59 PM

    New Delhi: Income Tax department has issued notices to three top private lenders in the country - ICICI Bank, Axis Bank and HDFC Bank - in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part...
  • RBI probes Cobrapost report, reveals major violations by banks 13-05-2013 01:14 PM

    New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs,...
  • HDFC Bank Q4 net profit up 30 pc, meets forecast 23-04-2013 03:50 PM

    Mumbai: HDFC Bank Ltd, India's No.3 lender by loan value, met forecasts with a 30 per cent rise in quarterly profit on Tuesday led by higher loan growth, fee income and stable asset quality. Mumbai-based HDFC Bank, which has posted profit growth of more than 30 per cent every year...
  • News 360: Cobrapost expose reveals brazen money laundering at banks 14-03-2013 08:36 PM

    A sting operation conducted by Cobrapost across various branches of private financial institutions, including HDFC, ICICI and Axis banks showed how bank employees were helping customers convert black money into white. ...
  • HDFC Bank launches mobile banking in Hindi 20-11-2012 04:13 PM

    Indore: Targeting 560-million Hindi-speaking population, the second largest private sector lender HDFC Bank today launched a mobile banking application in the national language. Mobile banking services is part of the bank's overall strategy to use convergent communication platform to engage with customers, Senior Executive Vice-President for Direct Banking Channels and...
  • The secret at the world's most expensive bank 20-11-2012 01:39 AM

    Bangalore: When reports surfaced in July that Indian newspaper publisher Deccan Chronicle Holdings was struggling for survival, several of its creditors were caught off-guard. Not HDFC Bank. Even as Deccan, which also owned a glitzy cricket team, sought to reassure markets that it held enough assets to stave off a...
  • Politics hurting India's growth: HDFC Chairman 07-01-2012 07:36 AM

    New Delhi: HDFC Chairman Deepak Parekh has come down heavily on both the Opposition and the coalition government saying that their style of politics is hurting India's growth. Speaking to Karan Thapar on Devil's Advocate, Thapar said, "Disruption in politics is not good and what we saw in Parliament gives...
  • Vodafone launches mobile banking in Rajasthan 28-11-2011 11:04 AM

    Rajasthan: Leading telecom service provider Vodafone India and private lender HDFC Bank Saturday launched "m-paisa", a mobile banking service in Rajasthan to enable millions of unbanked Indians perform basic banking transactions on their mobile phone. "It is a great opportunity for a country like India to improve financial inclusion through...
  • India Inc welcomes Mistry as Tata's successor 23-11-2011 10:52 PM

    New Delhi: India Inc welcomed the naming of Cyrus P Mistry as the successor of Ratan Tata for heading the $ 80 billion Tata Group, saying it shows the high standards of corporate governance and integrity of the country's leading industrial house. "In the choice of Mistry, there is a...
  • ICICI net up 30 pct, slightly below estimates 29-07-2011 02:07 PM

    Mumbai: ICICI Bank, India's second-largest lender, posted a 30 per cent rise in quarterly profit, slightly below estimates, as strong credit growth and lower provisions for bad loans were offset by higher expenditure. ICICI, also listed in New York, said net profit in April-June rose to 13.32 billion rupees ($302...
  • SBI sets base rate at 7.5 per cent 29-06-2010 04:20 PM

    ...