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Merger of HDFC with HDFC Bank effective from July 1: Deepak Parekh

by AIP Online Bureau | Jun 27, 2023 | Indian News, Life, Non-Life

The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13 Earlier, IRDAI had approved HDFC Ltd’s move to transfer its...
HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI

HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI

by AIP Online Bureau | Apr 22, 2023 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation

HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC’s merger with itself,...
6 Lakh HDFC Bank customers’ personal data breached, bank denies

6 Lakh HDFC Bank customers’ personal data breached, bank denies

by AIP Online Bureau | Mar 8, 2023 | Banking & Bancassurance, Indian News, Risk Management, Technology

Data allegedly includes full names, email addresses, physical addresses, and sensitive financial data, the report mentioned. The criminals provided data samples while demanding money for the full database. HDFC Bank Cares Twitter handle on Tuesday posted that...

SBI,ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

by AIP Online Bureau | Jan 2, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

The framework for dealing with D-SIBs was issued in July 2014. The framework requires the RBI to disclose the names of banks designated as Domestic Systemically Important Banks (D-SIBs) starting from 2015 and place these lenders in appropriate buckets depending upon...

HDFC Bank picks up 9.94 % in Go Digit Life for Rs 120 crore

by AIP Online Bureau | Aug 25, 2022 | Indian News, Life

HDFC Bank’s investment has valued GO Digit Life , which is yet to be a licensed, at around Rs 1200 crore The partnership between Kamesh Goyal and Indian born Canadian billionaire Prem Watsa’s Fairfax, which already has a general insurance company, is now...
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