HDFC Bank Limited said that it has allotted 7,48,200 equity shares to its employees pursuant to the exercise of options under its employees stock options scheme (ESOS). According to the Indian banking group, its paid up share capital will increase accordingly from INR 5.554 billion equity shares of INR 1 each to INR 5.555 billion […]
HDFC Bank said that it has allotted 6,90,840 equity shares to its employees pursuant to the exercise of options under its employees stock options scheme (ESOS). According to the Indian private banking group, its paid up share capital will therefore increase from INR 5.54 billion equity shares of INR 1 each to INR 5.541 billion […]
Housing Development Finance Corporation (HDFC) said that its board has approved the sale of a 4.99% stake for INR 10 per share or INR 1,906 crore ($260m) in HDFC ERGO General Insurance Company to HDFC Bank Limited in a related party transaction. The housing finance company said that the acquisition of 3.56 crore shares will […]
HDFC Bank has been fined INR 10 crore by the Reserve Bank of India (RBI) for deficiencies in regulatory compliance pertaining to the marketing and sale of third-party non-financial products to its customers. The fine on HDFC Bank comes in the wake of the Reserve Bank of India acting on a complaint from a whistleblower […]
HDFC Bank, a private sector banking group in India, has invited start-ups and solo entrepreneurs to apply for its SmartUp grants offered under #Parivartan, the umbrella CSR brand of the bank. The objective of the SmartUp grants is in finding and deploying long-term, sustainable solutions at scale for addressing social issues and in contributing to […]
HDFC Bank has joined forces with CSC e-Governance Services India to launch the EMI collection services for CSC-HDFC Bank’s business correspondents across India. CSC e-Governance Services India is a special purpose vehicle (CSC SPV) under the Indian Ministry of Electronics & IT (MeitY), which had been created for monitoring the functioning of the common services […]
HDFC Bank Q3 20-21 results : Indian banking and financial services company HDFC Bank reported an increase of 18.1% in its net profit after tax for the third quarter of 2020-2021 that ended 31 December at INR 8,758.3 crore ($1.2 billion), compared to the same quarter of the previous year. The bank’s profit before tax […]