Tag Archives: HDFC

All about Multi Currency Travel Cards

If you’re a globetrotter, you know the pain of losing all that money to the exchange rates. Well, these guys almost faced the same situation. Nimish and Vijay, partners of an exciting web start-up, planning a business trip to the Middle East and Europe, as part of their business expansion. They were worried about carrying… Read More »

Who else wants a vodka shot on interest rate cuts

It was a typical Sunday afternoon. It took some time for Nidhi to soak in the ambience of the lounge bar that she was visiting after months. She was still furious at the cab driver, who had taken a circuitous route to the place so that he could charge her more. Her friend Renu, who… Read More »

HDFC Ergo Needs Rs. 80 Crore to Expand Business

According to a recent press report HDFC Ergo, which is in an expansion stage is in need of about Rs. 80 crore from the promoter end. Mr. Ritesh Kumar Chief Executive Officer HDFC Ergo General Insurance informed that they already invested about Rs 75 crore, additionally they require Rs 25-30 crore in the current fiscal… Read More »

BharatBenz has signed an MoU with HDFC Bank for CV financing

A recent press report said that BharatBenz, the exclusive truck brand for the Indian market by Daimler, world’s leading producer of Commercial Vehicles, signed a Memorandum of Understanding with the country’s no.1 auto loan player HDFC bank for financing its commercial vehicles. According to the MoU HDFC Bank becomes the first preferred financier for BharatBenz… Read More »

HDFC has doubled issue size to Rs. 1000cr

A recent press report has said that The Housing Development Finance Corp (HDFC) has upsized its issue to Rs 1,000 crore, which is twice its initial size, as it received strong investor demand. Sources from HDFC have said that the company is looking at a very good demand from corporates, insurance companies and foreign institutional… Read More »

HDFC chief has insisted on retaining prepayment penalty on home loans

A recent press report said that talks are on everywhere with regulators wanting to do away with prepayment penalty being levied on home loan borrowers for floating rate loans. The Reports said that the lenders have however showed their dissatisfaction on the regulators suggestion to do away with prepayment penalty being levied on home loan… Read More »

HDFC MF has announced tie-up with Shamrao Vithal Co-op Bank

A recent press report said that HDFC Mutual Fund, one of the leading Mutual Fund House in India, and Shamrao Vithal Bank (“SVB”), one of the largest co-operative banks in India, have announced that they have entered into an alliance to offer the entire bouquet of HDFC Mutual Fund’s schemes through the bank’s 105 branches… Read More »

HDFC Bank has opened a Branch in Port Blair

A recent press report said that HDFC Bank, the second largest private bank in the country, has opened a branch in Port Blair, Andaman Nicobar archipelago. The branch will not only provide services to the 4-lakh local population and the residents of the 37 inhabited islands, it is also set to benefit tourists  from other… Read More »

HDFC Bank has opened branch in Leh

A recent press report said that the country’s second largest private sector lender HDFC Bank today opened its first branch in Leh, one of the highest locations in the world, and plans to add about 600 branches across the country during the current fiscal. HDFC Bank offers a wide range of commercial and transactional banking… Read More »