by newsworm | Dec 11, 2024 | Banking, HDFC Bank, IDFC Bank, RBI, State Bank of India
The Reserve Bank of India (RBI) has instructed banks to take immediate action to reduce the number of inactive or frozen accounts. The problem arises from inactivity or pending KYC updates, causing customers to face difficulties when trying to reactivate their... by newsworm | Dec 11, 2024 | Banking, HDFC Bank
TT International Asset Management LTD lowered its stake in HDFC Bank Limited (NYSE:HDB) during the third quarter. According to the company’s most recent reporting, it reduced its position in HDFC Bank by 12.5%. As of September 30, 2022, TT International Asset... by newsworm | Dec 11, 2024 | Bank of Baroda, Banking, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, State Bank of India
The article discusses the highest fixed deposit (FD) rates offered by six major Indian banks, including State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB), Canara Bank, HDFC Bank, and ICICI Bank, for 1-year, 3-year, and 5-year FDs. Here is a... by newsworm | Dec 10, 2024 | Banking, HDFC Bank
HDFC Bank has leased a total of 4 lakh sq ft of office space in Mindspace Business Parks, Airoli West, Navi Mumbai for a contractual value of more than ₹320 crore for 10 years. The lease agreement is spread across two separate deals, totalling 1.97 lakh sq ft and 2.18... by newsworm | Dec 9, 2024 | Axis bank, Banking, Canara Bank, HDFC Bank, ICICI Bank, Punjab National Bank, RBI, State Bank of India, Union Bank of India
The Reserve Bank of India (RBI) has raised the cap on Foreign Currency Non-Resident (FCNR) deposit rates for tenors of 1-3 years to Alternate reference rate (ARR) + 400 bps. This move aims to stimulate foreign currency inflows and is effective until March 2025. FCNR... by newsworm | Dec 9, 2024 | Axis bank, Banking, HDFC Bank, ICICI Bank, State Bank of India
According to a recent announcement by The Times of India, debit cards of 20 Indian banks are now compatible with payment methods for metro and bus fares across the country. This move aims to enhance the convenience of digital transactions for public transportation...