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In July 2023, HDFC merged with HDFC Bank, India’s largest private-sector bank. The merger aimed to broaden the group's financial offerings and enhance customer access by leveraging the bank's extensive network and diverse portfolio. This strategic consolidation marked a significant milestone in India's financial services landscape. [12]
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.
Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...
In India, mobile numbers (including pagers) on GSM, WCDMA, LTE and NR networks start with either 9, 8, 7 or 1.Each telecom circle is allowed to have multiple private operators; previously it was two private + BSNL/MTNL, subsequently it changed to three private + BSNL/MTNL in GSM; however currently each telecom circle has all four operators including Reliance Jio, Bharti Airtel, Vodafone idea ...
Renu Sud Karnad is an Indian businesswoman and the managing director of India's largest Mortgage Financier Housing Development Finance Corp. Ltd. Additionally she also holds seven other positions for companies like HDFC Property Ventures Ltd., HDFC Education & Development Services Pvt Ltd. (both are subsidiaries of HDFC Ltd.) and Non-Executive Chairman at GlaxoSmithKline Pharmaceuticals Ltd.
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The MIN is a number that uniquely identifies a mobile phone working under TIA standards for cellular and PCS technologies (e.g. EIA/TIA–553 analog, IS–136 TDMA, IS–95 or IS-2000 CDMA). MIN usage became prevalent for mobile number portability to switch providers. It can also be called the MSID (Mobile Station ID) or IMSI_S (Short IMSI).
HDFC Securities is the stock-broking arm of India’s largest private-sector lender, HDFC Bank, [2] and began operations in April 2000. It began as a joint venture between HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited. [3] Along with its stock broking services, HDFC Securities is a distributor of financial products.