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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [25] [26] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
The transport card enables the user to pay for travel, toll duties (toll tax), retail shopping and withdraw money. It is enabled through the RuPay card mechanism. [1] The NCMC card is issuable as a prepaid, debit, or credit RuPay card from partnered banks such as the State Bank of India, Bank of India, Punjab National Bank, and others. [2]
Diners Club was the first to introduce credit cards in India. Kali Mody is credited with opening the first Diners franchise in the country in 1961, which started an invitation-only credit card issuance. [38] Its cards have been offered by Citibank, followed by HDFC Bank which took over in 2011.
93%. HDFC Bank's revenue growth, fiscal 2023-24. The surge reflects the bank's July 2023 merger with its former parent company. Investors say HDFC Bank needs to boost deposits to keep the new ...
One surprising solution for combating the negative impacts of inflation may be opening a new credit card that allows you to offset higher costs with cash back savings and other rewards. But while ...
v. t. e. A credit card is a payment card, usually issued by a bank, allowing its users to purchase goods or services or withdraw cash on credit. Using the card thus accrues debt that has to be repaid later. [ 1] Credit cards are one of the most widely used forms of payment across the world. [ 2]
Key takeaways. You can cancel a credit card application by calling or emailing the credit card company's customer service department — but you've limited time to act. If you missed the window to ...
2018 - IDFC Bank merged with Capital First to create IDFC First Bank. [60] 2020 - The bank announced that it has signed Amitabh Bachchan, as its first brand ambassador. [61] 2021 - It announced the entry into the credit card sector with low interest rates and interest free credit in 2021. [62]
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