HDFC Bank nets 2.5 lakh new customers through instant account opening in lockdown

Despite the lockdown, the largest private sector lender HDFC Bank has been able to add 2.5 lakh new customers in the last 40 days through an online facility which helps open savings accounts instantly.

from Banking/Finance-Industry-Economic Times https://ift.tt/30fD1HV

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HDFC Bank nets 2.5 lakh new customers through instant account opening in lockdown

Despite the lockdown, the largest private sector lender HDFC Bank has been able to add 2.5 lakh new customers in the last 40 days through an online facility which helps open savings accounts instantly.

from Banking & Finance – The Financial Express https://ift.tt/2z8y0ps

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Indian Overseas Bank cuts MCLR by up to 30 basis points

The sector lender Indian Overseas Bank (IOB) has cut marginal cost of funds based lending rate (MCLR) by up to 0.30 per cent across all tenors, which

from Business Line - Money & Banking https://ift.tt/2Ujq780

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Getting an online personal loan may not be easy

Many fintech, digital lenders turn extra cautious in economic slowdown

from Business Line - Money & Banking https://ift.tt/3dH3TVg

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Indian lenders need capital to face virus, says Uday Kotak

A legacy of bad loans, a shadow banking implosion and a historic bank bailout in March have left Indian lenders weakened coming into the lockdown, which has stalled the economy and led to a surge in unemployment.

from Banking/Finance-Industry-Economic Times https://ift.tt/3f2p7Np

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