Bank FD Interest Rates: SBI Vs HDFC Bank Vs ICICI Vs Axis Bank – A Comparison

Bank fixed deposits (FDs) are one of the most popular instruments used to save for the future. Despite falling interest rates, many people prefer FDs over other savings/investment products as FDs offer secured return and easy access to liquidity in case of an emergency. Depending on the investment horizon, fixed deposits offer you a wide range of choices ranging from […]

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HDFC Bank uses purchase history, social media analytics to offer credit cards to customers

HDFC Bank is breaking its own tradition when it comes to credit cards, thanks to competition and noting the vast opportunity in the retail market. The bank, known for its conservative credit appraisal, is looking to sell new credit cards to first-time customers based on their purchase history and social media analytics.  “For us to grow, we will have to grow the market […]

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HDFC Bank in Reserve Bank’s too-big-to-fail list of lenders along with SBI and ICICI Bank

The Reserve Bank of India (RBI) on Monday included HDFC Bank in the list of too big to fail lenders, referred to as D-SIB or domestic systemically important bank. India's largest lender, State Bank of India (SBI) and private sector major ICICI Bank were classified as D-SIBs in 2015. With the inclusion of HDFC Bank in the list, there will […]

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HDFC Bank terminals to incorporate UPI Payments

Acceptance of payments through the Unified Payments Interface (UPI, or Bhim), in shops is expected to get a big boost with HDFC Bank onboarding several organised retail chains onto DigiPOS — a point of sale (PoS) terminal that accepts multiple forms of payments. Over the next couple of months, more than four lakh PoS machines of HDFC Bank will be […]

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