Mumbai: HDFC Bank on Saturday said it has deployed mobile ATMs across India to assist customers during the lockdown. "At restricted, sealed areas, the 'Mobile ATMs' will eliminate the need for general public to move out of their locality to withdraw cash," the bank said in a statement. "During the...
HDFC Bank’s business growth impressive despite technical glitches and outages
The Reserve Bank of India (RBI) has banned the acquisition of new credit card business at HDFC Bank due to technical glitches and outages in the last 2 years, despite these restrictions, the bank's business growth has been impressive. HDFC Bank said that in the March quarter, the bank recorded...
HDFC Bank’s MSME loan up by 30%, crosses Rs 2 lakh crore, ECLG scheme gives big boost
New Delhi: Private sector HDFC Bank's loans to the Micro, Small and Medium Enterprises (MSME) sector crossed 30 lakh rupees on an annual basis by the end of December. The bank received help from the Government's Emergency Credit Facility Guarantee (ECLG) scheme. The bank disbursed loans of over Rs 23,000...
HDFC Ltd posts Rs 5,177 cr net profit in Q3
New Delhi: Mortgage lender HDFC Ltd on Tuesday reported a consolidated profit after tax of Rs 5,177 crore in the third quarter this fiscal compared to Rs 3,835 crore in the year-ago period. On a standalone basis, net profit for the December quarter stood at Rs 2,926 crore as against...
HDFC Bank Q3 net rises 14.36 pc to Rs 8,760 cr
New Delhi: At the standalone level, the net profit for the three-month period grew 18.09 per cent to Rs 8,758.29 crore. Its total income increased to Rs 37,522 crore on a standalone basis compared to Rs 36,039 crore in the year-ago period. The results, the first earnings to be declared...
HDFC’s individual loan disbursements jumps 26% in Q3FY21
New Delhi: Housing Development Finance Corporation (HDFC) on Monday reported a healthy rise of 26 per cent in the individual loan category during the third quarter of FY21. “The individual loan business continued to see improvements during the quarter ended December 31, 2020. Disbursement growth over the corresponding quarter of...
RBI prevents HDFC Bank from issuing digital activities and credit cards
New Delhi: The Reserve Bank of India (RBI) has asked to temporarily stop HDFC Bank's upcoming digital business activities and new credit card issuance by issuing an order. The order has been given by the central bank due to the affected functioning of the data center of HDFC Bank last...
HDFC Bank m-cap rises to Rs 8 lakh crore mark
The market valuation (m-cap) of HDFC Bank surged Rs 8 lakh crore in early trade on Wednesday, making it the first domestic lender to achieve the feat. With this achievement, the bank has become the third most valued domestic firm in terms of market capitalisation. The company’s market valuation rose...
HDFC Bank Q2 Net profit jumps 18.4 pc to Rs 7,513 cr
Mumbai: Private sector lender HDFC Bank on Saturday reported 18.4 pc increase in its net profit to Rs 7,513 crore for the quarter ended in September 2020. The profit was at Rs 6,345 crore last year. Net interest income for the quarter under review increased by 16.7 pc to Rs...
HDFC Bank Launches India’s first Warehouse Commodity Finance App
New Delhi: In an industry first, HDFC Bank today launched a Warehouse Commodity Finance App. This will enable customers in drawing down and managing the loan against pledge of commodities online without physical intervention or multiple visits to a Bank branch. This in turn will bring in enhanced efficiencies and...