On July 1, HDFC Ltd will merge with the bank, providing it an extensive network of specialised branches, highly skilled employees, and a secured mortgage portfolio. The last two years have seen HDFC Bank underperform in the stock market. The country’s second largest bank’s stock has been range-bound around Rs … Read more
Tag: Bank
Bank holidays July 2023: Banks to remain closed on 15 days THIS month; check details here
Bank holidays in July: As per the Reserve Bank of India’s (RBI) list of holidays, 8 holidays are state-specific holidays for different festivals across different states and others are weekend holidays. Public and private sector banks will remain shut for 15 days in July this year. In addition to weekends, … Read more
HDFC says effective date of July 1 for merger with HDFC Bank is ‘ tentative’
The housing finance firm said the dates for merger with HDFC Bank and record date are ‘subject to the completion of certain formalities’ Housing Development Finance Corporation Ltd on Tuesday clarified that the effective dates of July 1 for its merger with HDFC Bank Ltd and July 13 as record date are … Read more
AU Bank launches another industry first innovative Credit Card offering- SwipeUp platform
AU Small Finance Bank, India’s largest Small Finance Bank, today announced the launch of a first-of-its-kind platform in the credit card industry – the SwipeUp platform. With this platform, AU Bank will provide an opportunity for other bank Credit Cardholders to upgrade their card to one of AU Credit Cards. … Read more