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In the year ended FY22, the company has an Indian market share of 95% of all the Indian issued credit and debit card access to airport lounges. [ 12 ] In the second quarter of FY23, the company recorded a profit of ₹ 14.78 crore (equivalent to ₹ 16 crore or US$1.8 million in 2023).
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]
Exclusive: Social media reveals the demand for extra space and calm, as well as complimentary food and drink
To qualify for an HDFC unit, one must possess some liquidity because HDFC cooperatives are cash strapped and tend to look for buyers with a large amount of cash for down payments or cash-only sales. This can disqualify many people with low incomes that cannot afford to make the down payments required by the HDFC co-ops.
List of Transport Systems Accepting National Common Mobility Card State / Region City Operator Transport system Acceptance Card Name Issuing Bank Commissioned Comments Delhi NCR: Delhi: Delhi Metro Rail Corporation: Delhi Metro: Complete Network Paytm Transit Card Paytm: 28 December 2020 [39] All stations have been retrofitted with NCMC readers ...
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.
President Trump's threatened tariffs against Mexico, Canada and China went into effect Saturday evening.. By slapping a 25% wholesale tariff on both Mexico and Canada at once, Trump is taking a ...
Free lounge access to Delta's Sky Clubs has long been one of the biggest selling features for American Express to justify its high annual fee to card members, and it's likely to result in AmEx’s ...