With inflation cooling, GST cuts boosting disposable incomes, and anticipated interest rate cuts likely to reduce borrowing costs, the country’s largest private lender expects loan demand to gather momentum in the second half of the financial year and beyond. “The triad of tax benefits, GST cuts and interest rate cuts seems to be working as … Read more
HDFC Bank has been barred from onboarding new customers at its Dubai International Financial Centre (DIFC) branch by the local regulator. In an exchange filing, the Bank said it has received the “decision notice” from DFSA, which points to alleged violations. Details of the violations were not informed by the bank. It can continue to … Read more
HDFC Bank will undertake a system upgrade on July 13, wherein it will migrate its core banking system (CBS) to a new engineered platform to enhance customer experience, the bank said on Monday. The migration will allow the bank to improve performance speed, expand capacity to handle high traffic volume, and boost reliability and scalability, … Read more