hdfc ltd

RBI Fines HDFC For Non-compliance Under NHB Act

March 18, 2023 admin

According to a statutory inspection of HDFC conducted by NHB, it was revealed that the company failed to transfer matured deposits of certain depositors to designated bank accounts of such depositors during the period 2019-20 The Indian Central Bank on Friday imposed a monetary penalty of Rs 5 lakh Housing Development Finance Corporation Limited (HDFC) for non-compliance with certain provisions issued by the National Housing Bank (NHB). According to a statutory inspection of HDFC conducted by NHB, it was revealed that the company failed to transfer matured deposits of certain…

Anti-Trust Body Nod For Merger Of HDFC Bank, HDFC Ltd

August 13, 2022 admin

Fair trade regulator Competition Commission of India (CCI) has approved the merger proposal of HDFC Bank and its parent HDFC Ltd. The proposed combination envisages the merger of HDFC Investments and HDFC Holdings with HDFC Ltd in the first step and subsequently, the merger of HDFC Ltd into HDFC Bank. In a tweet on Friday, CCI said it has approved the “proposed combination involving amalgamation of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings.” In April, the country’s largest housing finance company HDFC Ltd announced that it will merge…

Salesforce To Help HDFC Reimagine Customer Lending Lifecycle

July 6, 2022 admin

HDFC will leverage Salesforce’s expertise to reimagine customer lending lifecycle. Salesforce technology Mulesoft will also help HDFC Ltd. innovate quickly around connecting systems and help create new experiences. The partnership with Salesforce is part of HDFC’s digitisation journey. Mulesoft with its innovative API led integration approach and low code integration capabilities will help accomplish this. Customer-facing teams are empowered with Service cloud to achieve service excellence, making transactions more intuitive while empowering customers to self-serve. An automated platform, Customer Connect 2.0, provides complete visibility into customer interactions across channels; it…

HDFC IN Q4FY22 Result Brings Growth By 14% YoY

May 3, 2022 admin

HDFC reported a good quarter with all core metrics beating estimates. AuM growth was higher at 14 per cent YoY mainly driven by individual loans while NII and margins too were ahead of projections. Core PPoP was ahead by 5.1 per cent while due to softer provisions, PAT was a beat by 12 per cent. Management indicated that home loan demand remains strong while construction finance could see an uptick. Certain aspects of the merger were clarified i.e. HDFC Ltd’s non-individual loans, borrowings and deposits would form part of the…