HDFC Bank aims 10-fold growth in merchant segment in 3 years to 20 million

The merchant relationships accrue in fees as the services are charged, in interest income for the lending and also in low-cost current and saving account (Casa) deposits. Having a bigger number of merchants will help the bank's analytics engines gather more intelligence and deploy suitable solutions, the source said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2GiEOny