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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]
As of 16 January 2023, ONDC completed 4,000 successful transactions as part of beta testing. [62] NPCI Bharat Bill Payment System launched NOCS platform that will provide reconciliation and settlement services for ONDC transactions. It will be integrated with banks, fintechs and e-commerce players.
NPCI Bharat BillPay Limited (NBBL) doing business as Bharat Connect, and formerly named Bharat Bill Payment System (BBPS) [1] is an integrated bill payment system in India offering interoperable and accessible bill payment service to customers through a network of agents of registered members as Agent Institutions (AI), enabling multiple payment modes, and providing instant confirmation of ...
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] 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 RBI barred NBFC Navi from issuing new loans starting October 21, 2024, citing excessive lending rates and regulatory non-compliance. [10] However, the restrictions were lifted on December 2, less than two months later. [11] This comes as a significant boost for Navi. Its founder, Sachin Bansal, had expressed ambitions to build the next HDFC ...
In the year 2000, the Mayawati government did a major reshuffle of the Allahabad division, and a separate Kanpur division was created. The Kanpur district itself was bifurcated into Kanpur Dehat and Kanpur Nagar. Kanpur Dehat was renamed as Ramabai Nagar, after Ramabai (1896-1935), the wife of Bhimrao Ramji Ambedkar. In 2012, the name was ...
It was founded in December 2015 as Fullerton India Home Finance Co. Ltd. and rebranded in May 2023 to SMFG India Home Finance Co. Ltd. after its acquisition by SMFG India Credit Co. Ltd. [10] The company has its headquarters in Mumbai and provides housing loans and financing to mid-tier developers. [11]