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Saturday, July 17, 2021

Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC Bank

Addressing shareholders at his first annual general meeting as the executive head of the largest private sector lender, Jagdishan said a technology audit is also over and the RBI will now be “independently” taking a view on when to lift the penal actions taken against the bank.

from Banking/Finance-Industry-Economic Times https://ift.tt/3z7WFDV
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Failover mechanism protects us from MasterCard ban: HDFC Bank MD Sashidhar Jagdishan

“MasterCard is a significant franchise partner for the bank, but the good part is like in most of our businesses we patronise on open architecture,” he said while addressing shareholders at the bank’s annual general meet.

from Banking/Finance-Industry-Economic Times https://ift.tt/3kBymds
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Will bounce back strongly after pandemic behind us: HDFC Bank MD

“We have seen a decent healthy growth in our business metrics when we consider that this is one of the worst times in history and for the June quarter we were able to step out only 40 days,” said Sashidhar Jagdishan, MD, HDFC Bank while addressing shareholders at its annual general meeting. “Once the pandemic is behind us I am sure that your bank will bounce back strongly.”

from Banking/Finance-Industry-Economic Times https://ift.tt/2VS1WkS
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PFRDA throws FDI door wide open for Pension Funds

Allows foreign companies to hold upto 74% stake in Pension Funds

from Business Line - Money & Banking https://ift.tt/3Bcedkc
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Authum Investment to buy Reliance Commercial Fin in ₹1,629-cr deal

Lenders have approved the company’s bid and letter of intent was issued in its favour

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