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The bank was founded as the Industrial Credit and Investment Corporation of India Bank, before it changed its name to ICICI Bank. In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital ...
The transport card enables the user to pay for travel, toll tax, retail shopping and withdraw money. It is enabled through the RuPay card mechanism. [2] The NCMC card is issuable as a prepaid, debit, or credit RuPay card from partnered banks such as the State Bank of India, Canara Bank, Bank of India, Punjab National Bank, and others. [3]
HDFC held 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank were wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]
In February 2000, Times Bank merged with HDFC Bank, which was India's first-ever voluntary merger of banks. [18] Times Bank was established by India's largest media conglomerate, The Times Group. [19] In July 2001, HDFC Bank's ADS listed on the New York Stock Exchange after an IPO. [20]
The company was incorporated in 1999, under the Companies Act, 1956 as a wholly owned subsidiary of ICICI Bank. [11] [12] It was created by ICICI Bank to focus as a separate entity dedicated to provide housing finance. [13] ICICI HFC is registered with National Housing Bank.
The amalgamation is the first-ever three-way consolidation of banks in the country, with a combined business of Rs14.82 trillion (short scale), making it the third largest bank after State Bank of India (SBI) and ICICI Bank. [18] Post-merger effective 1 April 2019, the bank has become the India's third largest lender behind SBI and ICICI Bank. [19]
Failure to provide or delay in providing a banking facility (other than loans and advances) promised in writing by a bank or its direct selling agents; Delays, non-credit of proceeds to parties' accounts, non-payment of deposit or non-observance of the Reserve Bank directives, if any, applicable to rate of interest on deposits in any savings ...
PhonePe Type of business Private Type of site Digital payments & Financial services Available in Multilingual (11) Founded 2015 ; 10 years ago (2015) Headquarters Salarpuria Softzone, Bengaluru, Karnataka, India Area served India Founder(s) Sameer Nigam (Co-Founder & CEO) Rahul Chari (Co-Founder & CTO) Burzin Engineer (Co-Founder & CRO) Industry Fintech, Financial services, Payment gateway ...