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The official said over 60 lakh cheque bounce cases are pending in the country and HDFC Bank has taken a lead by requesting the courts to use digital means to issue summons.
HDFC Bank’s vice-president Siddharth Sanghvi, whose decomposed body was recovered near Kalyan on Monday morning, was kidnapped for extortion and killed in a scuffle with his kidnapper.
The 39-year-old banker had left his office in the Kamala Mills area here at 7:30 pm on September 5, and had been missing since then.
The HDFC Bank on Wednesday said it will adopt 30 villages in Kerala as part of its long-term flood relief and rehabilitation efforts.
Sukthankar has been with HDFC Bank since its inception in 1994 and at present is responsible for overseeing the bank's credit, finance and human resources functions.
The money has been raised through a mix of qualified institutions placement (QIP) in the domestic market and American Depository Receipts (ADRs) in the US market.
RBI’s decision to increase key interest rates by 0.25 per cent in June also reflected a strong vote by analysts favouring an interest rate hike.
The 15-year loan will bear an interest rate linked to 3-months MCLR of the bank, the company said in a statement.
HDFC Managing Director Aditya Puri said the agreement will not op the government’s initiative to promote financial inclusion in rural areas, but also bring in good business opportunities for them.
Currently, foreign investments up to 49 per cent are allowed in Indian banks without regulatory approval, but increasing it to 74 per cent requires regulatory and government approval.
Indian shares ended higher on Friday helped by gains in financials such as HDFC Bank and Kotak Mahindra Bank, after the rupee firmed up against the dollar in late trade.
Police on Wednesday arrested an individual for impersonating as the regional head of Loan Sales Department of Burla, Sambalpur and Jharsuguda branches of HDFC bank from Burla bus stand.
The m-cap of IT major TCS soared Rs 48,890.9 crore to Rs 6,52,082.92 crore, becoming the biggest gainer among the 10 most-valued firms.
Funds will be raised by issuing Perpetual Debt Instruments, Tier II Capital Bonds and Long Term Bonds up to a total of Rs 50,000 12 months through private placement.
This incident has been captured on CCTV cameras installed outside the bank, and the video footage showed one of the robbers snatching the money by pinning the employee on the floor.