'Digital Literacy Camps' will be organised at 275 different places in Madhya Pradesh
This is part of an Artificial Intelligence (AI) project it began last year, to improve its technological capability
RBI had introduced MCLR system from April last year, replacing six-year old base rate system
The chatbots are powered by AI and can imitate conversations like a human being
The chatbots can help you with transactions such as recharge, bill payment or booking a cab
Services of the employees were terminated immediately after it was discovered they were allegedly favouring a person known to one of them
Facility will be available for non-HDFC Bank customers as well
According to the magazine, HDFC bank delivered $1.9 billion profits under Puri last year
Days of 20-25 per cent growth on all fronts might be well behind the lender
Net interest margin for the quarter stood at 4.2 per cent
With this the bank will be equipped to handle 37-million customer enquiries and 400 million e-mails a month
It said that a total of 67,000 bonds were issued with face value of Rs 10 lakh each
HDFC Bank has 2,000-seater rural BPO at Tirupati in Andhra Pradesh
Thanks to high return ratios, they are the most expensive globally on a price-to-book value basis
Gross bad loans as a percentage of total loans rose to 1.04% from 0.94% as of end-March, which the bank said was driven by small-and-medium corporate borrowers and individuals
Aditya Puri, managing director of HDFC Bank, said a succession plan for the bank's chief was in place. "We have a very clearly defined succession plan … even if something happens, there is a successor … there are two-three levels below me, so nothing to worry," said Puri after the bank's annual general meeting on Thursday. Investors and markets had started to ask questions after Puri was hospitalised, earlier this year, and underwent a cardiac surgery.He has been at the helm of the bank since its inception since 1994. Last year the bank's board had recommended Puri's re-appointment for another five years, uptil October 2020, till he turns 70. In September 2014, Reserve Bank of India had revised the maximum age limit of private bank chiefs from 65 to 70.
Bank had earned a profit of Rs 2,695.72 crore in the April-June quarter of the last financial year
S&P Global Ratings on Wednesday said HDFC Bank's bonds issued from its Bahrain branch were no longer under its CreditWatch, where the bonds were relegated in February with negative implications.The rating agency's actions follow the bank's announcement that it had put in place a structure that would ensure honouring the payment obligations of the bank from its Hong Kong or India branch under an adverse event."We understand that HDFC Bank has already obtained specific approval from the Reserve Bank of India to make the payment for debt obligations arising on these bonds," S&P Global said in a statement issued from Singapore.Adding there was no regulation that would bar the Hong Kong branch to make payments. "As such, we do not consider the ratings on these bonds to be constrained by the rating on the host country (Bahrain)," the statement said. HDFC Bank had raised about $1.2 billion in bonds through its Bahrain branch. S&P in February had also put ICICI Bank's $600-million
At $45 billion, it has gone ahead of biggies such as Barclays, ING, Deutsche Bank and Credit Suisse
YES Bank (Rs 1,147), HDFC Bank (Rs 1,196) and IndusInd Bank (Rs 1,147) were up more than 1% each, touching their respective record highs on the BSE in intra-day trade.