Tag Archive for bank

HDFC Bank ranked India’s Most Valuable Brand in WPP survey

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

HDFC Bank has been ranked India’s Most Valuable Brand for the 5th consecutive year. This ranking is the result of a survey conducted by Kantar Millward Brown, a group company of global communication services behemoth, WPP. Known as the ‘2018 BrandZ™ Top 75 Most Valuable Indian Brands’ the survey values the HDFC Bank brand at $21.7 billion, a 21% increase over the previous year.

“Trust is an important key driver of brand value, with its impact on corporate performance a key theme in this year’s BrandZ ranking. This is exemplified by HDFC Bank, which continued to build trust by clearly communicating the benefits of its products to consumers and delivering differentiated financial services offerings consistently and repeatedly,” wroteBrandZ in its editorial on HDFC Bank.

HDFC Bank’s brand value has grown consistently over the past 5 years, from $ 9.4 billion in 2014 to $ 21.7 billion in 2018.This year the study covered 1,20,000Indian brands across 414 categories with insights from 3.1 million consumers.

“A booming economy and an increasingly digital world are re-shaping India’s brand landscape and creating new opportunities. Brands that get it right, regardless of whether they are established players or newcomers are reaping the rewards.  However, there is no room for complacency in this fast-paced environment where so many ambitious companies are ready to rise to the occasion,” said David Roth, CEO EMEA and Asia, The Store WPP about this year’s ranking in a press release. Read more

BankBazaar to feature Home Loan Products from Karnataka Bank

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

BankBazaar, India’s leading financial marketplace, and Karnataka Bank have entered into an agreement for Digital Home Loans. The exchange of MOU took place at the Corporate Office of Karnataka Bank in Mangalore between Adhil Shetty, CEO, BankBazaar and Mahabaleswara M.S, Managing Director & CEO of Karnataka Bank. With this, BankBazaar will be featuring Karnataka Bank home loan products on its website. The integration will be completed over the next three weeks and the products are scheduled to go live by the end of next month.

Speaking on the occasion, Mahabaleswara M.S., Managing Director & CEO, Karnataka Bank, said: “As a part of Transformation exercise, the Bank has engaged the services of BankBazaar for sourcing the Home Loan leads digitally.  This will be beneficial to millennials and tech-savvy customers to reach the Bank’s Home Loan Products in making the right choice.”

Speaking on the tie-up, Navin Chandani, CBDO, BankBazaar, said: “It is very encouraging to have Karnataka Bank join hands with us for their home loan products. With this tie-up, we expect to build an integrated supply chain with Karnataka Bank. Today, it is impossible for any broad-based business to survive without a definitive online presence. With this partnership, Karnataka Bank will be able to reach a greater number of customers across India, while we will be able to offer a wider product option to our customers, making it a win-win situation for everyone.”

Karnataka Bank, incorporated in 1924, is a scheduled commercial banking institution based in Mangaluru, Karnataka. With this partnership with BankBazaar, the bank looks to expand its customer reach further by tying up with a financial marketplace that sees over 35 million visitors a month. Today, BankBazaar has grown to 85+ partners comprising the biggest public and private sector banks, NBFCs, and insurance companies in India, close to 2000 employees, and presence in three different countries. Read more

HDFC Bank to adopt 30 flood-hit villages in Kerala

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

HDFC Bank today announced that it will adopt 30 villages in Kerala. As part of its long-term relief and rehabilitation efforts, this initiative is aimed at helping people in the worst-hit parts of the state recover, and encompasses the following:
• setting up medical camps and rebuild health centres affected in the flood
• supporting the renovation/reconstruction of local schools
• imparting skills training to families to restore livelihood
These measures will be finalised in consultation with the state government and will be a long-term plan. The Bank’s local NGO partners will help provide on-ground help in the process.
Additionally, the Bank has contributed Rs 10 crore to the Chief Minister’s Distress Relief Fund as an immediate relief measure. The Bank employees contributed a day’s salary with the Bank bringing in the balance. Read more

Sarvatra Technologies brings 450th Co-operative Bank on National Financial Switch

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By  Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Sarvatra Technologies, India’s leading end-to-end payments and banking solutions provider, announced that they have successfully on-boarded ‘Sevalia Urban Co-operative Bank’ as 450th co-operative bank on National Financial Switch (NFS). With this addition, the company has enabled as many co-operative banks on digital payment platform by making them interoperable with large banks. Contributing to the Digital India story, Sarvatra Technologies has played a very vital role in digitizing small co-operative banks across India. It has enabled lakhs of semi urban and rural customers to the digital banking world. Sarvatra aims to add another 50 plus co-operative banks by FY 2019.

 

In continuation to their digital payment enabling story for India, Sarvatra has provided digital payment platform from the smallest cooperative banks to the largest lenders in India like ICICI Bank, IDBI Bank and new generation clients like Paytm Payments Bank, Equitas Small Finance Bank etc.

 

Sarvatra backed by prominent investors like Mr. Vallabh Bhanshali, Chairman, Enam Group, ICICI Bank, Indian Overseas Bank and Oracle Financial Services Software, has played a vital role in contribution towards Financial Inclusion in India.

 

Mr. Dilip Asbe, MD & CEO, National Payments Corporation of India said, “Sarvatra started with NFS, providing RuPay Debit and Kissan Credit Cards issuance and enabling transactions on ATMs, POS and eCommerce. They are bringing sub-member banks on other NPCI platforms like IMPS, UPI, AePS and Bharat BillPay. Sarvatra not only on boards UCBs but also SCBs and DCCBs which is helping in financial inclusion.” Read more

DHFL Pramerica Life Insurance and SVC Bank foray into a Bancassurance partnership

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

DHFL Pramerica Life Insurance, one of the leading life insurance companies in India recently entered into a Bancassurance partnership with SVC Co-operative Bank Limited, one of the oldest Urban Co-operative Bank in India for the distribution of specialized products to its customers. Under this agreement, SVC Bank will offer DHFL Pramerica Life Insurance’s customized products and solutions to its customers through its extensive pan India network of 198 branches as well as online network. The objective of this partnership is to offer easy access to simple life insurance products, thereby improving the insurance protection gap and strengthening the distribution network of DHFL Pramerica Life Insurance. Read more

HDFC Bank offers Hajj Umrah ForexPlus card in Telangana and Andhra Pradesh

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Hajj Card

HDFC Bank Ltd., is offering Hajj Umrah Forex Plus card across 78 select branches in the states of Telangana and Andhra Pradesh to pilgrims making the holy pilgrimage to Hajj. Pilgrims can avail foreign exchange in Saudi Riyal currency at any of these branches of the Bank in these states. Pilgrims using Hajj Umrah ForexPlus card will benefit from the enhanced insurance cover. Furthermore, the Bank has partnered with merchants to offer exclusive deals and offers for pilgrims using this card. Read more

NTPC Inks Rs. 1,500 crore Term Loan with HDFC Bank

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

NTPC Signs Term Loan of Rs 1500 crore with HDFC Bank

NTPC, India’s largest power generating company, has signed term loan agreement for Rs. 1,500 crore with HDFC Bank Limited on 10th July, 2018 for its various projects. The loan has a door-to-door tenure of 15 years and will be utilised to part finance the capital expenditure of NTPC and has been extended at an interest rate linked to 3-months Marginal Cost of funds based Lending rate (MCLR) of the bank. Read more

5th Edition of Times NOW & ICICI Bank NRI of the Year Awards 2018 Honors Global Indians

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Times NOW, India’s leading English news channel from the Times Network and ICICI Bank hosted the 5th edition of NRI of the Year Awards 2018 today in Mumbai. The NRI of the Year Awards salute the spirit of global Indians who have been an inspiration and made a mark for themselves worldwide. Sunil Chhetri, Indian football team Captain was presented with the prestigious Global Indian Icon and Prem Watsa, Founder, Chairman and Chief Executive of Fairfax Financial Holdings was conferred with the Special Jury NRI of the Year Award, amidst a glittering evening.

To celebrate NRI of the Year Awards 5th edition, a coffee table book was launched by Kiren Rijiju, Hon’ble Union Minister of State for Home Affairs of India, MK Anand, MD and CEO, Times Network, Vijay Chandok, Executive Director ICICI Bank, Lt. Gen Sudhir Sharma, Advisory Board – India, GIIS and Farokh Balsara -Partner and National Director – Consumer Products and Health Services, Ernst & Young. A new trophy designed by renowned jewellery designer Poonam Soni was also unveiled at the ceremony by Bollywood actress, Chitrangada Singh. Mr. Kiren Rijiju, Union Minister of State for Home Affairs of India was the chief guest for the evening and the event was graced by notable personalities including Indian footballer Sunil Chhetri, actress Chitrangada Singh, singer Akriti Kakar many more from the TV and Bollywood industry. Anukreethy Vas, Miss India 2018, Meenakshi Chaudhary, First Runner Up, and Shreya Rao Kamavarapu, Second Runner Up made their first appearances on the red carpet after winning the Miss India tittles. The gala event was hosted by Sameer Kochhar and Mandira Bedi. The evening also witnessed a mesmerizing dance performance by Terrence Lewis Dance Institute. Read more

Agreement Signed between CSC SPV and HDFC Bank

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

CSC SPV and HDFC Bank signed an agreement  to enable three lakh Village Level Entrepreneurs (VLEs) of the Common Services Centers to operate as Banking Correspondents of HDFC Bank.

The function for signing and exchange of agreement held between Managing Director, HDFC Bank Mr. Aditya Puri and CEO, CSC SPV Dr. Dinesh Kumar Tyagi in the august presence of Hon’ Minister of Electronics & IT Shri Ravi Shankar Prasad and Hon’ Minister of State for Electronics & IT Shri S.S. Ahluwalia  today at the Ministry of Electronics & IT, New Delhi. Read more

Narayana Health – SRCC Children’s Hospital launches a dedicated blood bank for pediatric needs

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

(L-R) – Dr Purna Kurkure, Medical Director, (Narayana Health- SRCC Children’s Hospital) , Dr. Zarin Bharucha, Chairperson( Blood Bank Federation of Bombay Blood Bank) and also representative of WHO, Mr. S. Ramadorai, Trustee (SRCC) & Past Vice Chairman, Tata Consultancy Services, Ms. Anita Garware, Trustee, SRCC & Dr. Kalpana Velaskar, Sr. Consultant blood & transfusion medicine, (Narayana Health - SRCC Children’s Hospital) inaugurated the Pediatric blood bank at Narayana Health - SRCC Children’s Hospital today.

Narayana Health - SRCC Children’s Hospital one of the largest multi-speciality pediatric healthcare hospital in Mumbai, today launched a Blood Bank at the hospital. The blood bank will have storage capacity of 400 liters of blood and it can be scaled upto 900 liters going forward. The state-of-the-art blood bank is spread over 2000 sq ft of space, largest in any pediatric hospitals in the city. The blood bank will also have a unique technology which can eradicate any complexities in blood through ‘Gamma Rays Irradiation’ technique, which will help to prevent any complexities during transfusion of blood in children. Read more