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The bank offers lending services to individuals and small businesses, along with liability products, card services, Internet banking, automated teller machines services, depository, financial advisory services, and Non-resident Indian (NRI) services. [29] Axis bank is a participant in RBI's NEFT enabled participating banks list. [30]
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.
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 ...
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]
The 2016 Indian bank data breach was reported in October 2016. It was estimated 3.2 million debit cards were compromised. It was estimated 3.2 million debit cards were compromised. Major Indian banks , among them SBI , HDFC Bank , ICICI , YES Bank and Axis Bank , were among the worst hit. [ 1 ]
Paytm Payments Bank and Airtel Payments Bank together command over 88% of the deposits in payment banks in India in 2018. According to the Reserve Bank of India's report on ‘Trend and progress of Banking in India 2017-2018', the payment banks reported losses in the financial year 2017-2018, after a weak performance in the FY 2016-17. [14]
Axis Direct provides a 3-in-1 Online Investment Account [2] which is a combination of Axis Bank Savings along with an Axis Direct trading and Demat account services: Equities – Invest online in stocks of listed companies; Mutual Funds – Invest in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
Nainital bank is associated with Bank of Baroda, HDFC Bank, LIC, National Insurance Company Limited etc. [10] Currently, NBL has 170 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan. [6] [11] It also provide online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. In 2024 Wipro ,a ...