Tag: hdfc

Savings account interest rates are usually fixed and credited quarterly, based on the daily balance or the sum of all deposits less withdrawals made throughout the day.
Posted in Business

Savings account interest rates: Check what SBI, HDFC, ICICI, PNB, Union Bank, and IDFC FIRST offers, maximum is 7.25%

With Kotak Mahindra Bank reducing interest rates by 50 basis points on savings accounts with lesser than ₹5 lakh, te following are the interest rates…

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The deals confirm India’s largest bank in market value is intensifying efforts to shrink its retail loan portfolio amid heightened regulatory pressure to improve the sector’s credit-deposit ratios(PTI)
Posted in Business

HDFC bank sells $717 million of home loans to reduce credit book

Indian lender HDFC Bank Ltd. has sold a housing loan portfolio of about 60 billion rupees ($717 million), seeking to further lighten its credit load…

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A bird flies past a window of a HDFC Bank branch office in Mumbai, India, October 21, 2015. (Shailesh Andrade/Reuters)
Posted in Business

HDFC Bank raises 3-month lending rates, see latest September 2024 MCLR and other rates

HDFC Bank has increased its loan interest rates by up to 5 basis points (bps) for tenure of 3 months after raising its marginal cost…

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Deepak Parekh, former chairman of Housing Development Finance Corporation(HDFC) Ltd.(Hemant Mishra/Mint)
Posted in Business

HDFC merger: Ex-chairman Deepak Parekh’s offer letter shows first salary was…

Amid HDFC Merger, Deepak Parekh’s Offer Letter Goes Viral. His Salary Was… Deepak Parekh, former chairman of Housing Development Finance Corporation(HDFC) Ltd.(Hemant Mishra/Mint) Ahead of…

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HDFC surges ahead of banks including HSBC Holdings Plc and Citigroup Inc.(Reuters)
Posted in Business

HDFC vaults into ranks of world’s most valuable banks after this merger

A homegrown Indian company will for the first time rank among the world’s most valuable banks after completing a merger, marking a new challenger to…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

ideaForge IPO: Ahead of IPO, Drone maker ideaForge raises Rs 255 crore from anchor investors

Drone maker ideaForge Technology on Friday said it has mobilised Rs 255 crore from anchor investors ahead of its initial share sale that opens for…

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India is 'capital starved', needs to work towards getting capital to become USD 5-trillion economy: Ajay Piramal
Posted in Economy

India is ‘capital starved’, needs to work towards getting capital to become USD 5-trillion economy: Ajay Piramal

India is “capital starved” and if the country has to meet its aspiration of 8 per cent growth to reach USD 5 trillion economy, it…

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israel: Israel's judicial proposals prompt startups to relocate: government agency
Posted in Startups

nasscom: CBRE ties up with Nasscom for proptech challenge to support, mentor startups

Real estate consultant CBRE on Thursday said it has partnered with tech industry body Nasscom to launch a proptech challenge programme with an objective to…

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Merger with HDFC: A mixed bag for HDFC Bank from RBI on forbearance requests
Posted in Finance

Merger with HDFC: A mixed bag for HDFC Bank from RBI on forbearance requests

In a mixed bag for HDFC Bank ahead of the parent HDFC’s merger with itself, the Reserve Bank of India has declined to make exceptions…

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Inside Image (1).
Posted in Economy

DGGI digs deep into Insurance companies’ claims of input tax credit

The Directorate General of GST Intelligence (DGGI) has widened its probe against the insurance companies for wrongful claim of input tax credit. It has served…

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