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In an interview with BusinessLine, he said HDFC will continue to focus on its own set of priorities and that nothing will change after the merger. How will the merger with Bandhan Bank help Gruh Finance?
We saw that there is a fair amount of synergy between the merger of Bandhan Bank and Gruh, as it creates a platform for rural and semi-urban lending.
Also, we will benefit from the fact that Gruh now has access to lower cost funding from the bank, and access to a much larger lending platform compared to what it had by itself. It will also benefit through the large presence in Western India, which Bandhan, by itself, did not have.
We do affordable housing even now, and nothing will change after the merger. During the half-year ended September 30,37 per cent of the home loans approved by HDFC in number and 18 per cent of the loans in value terms were to the economically weaker section, or lower income group.
What is your view on the economy and growth prospects? The reforms that have been taking place over the years, particularly in the last couple of years, are now beginning to take shape. In the real estate sector various reforms have been initiated, such as the RERA Act, a host of benefits of the credit-linked subsidy scheme, and fiscal incentives provided for housing loans.
Do you think there has been a revival of private investment and corporate credit demand? Private investment started seeing a pick-up a few months ago. When it comes to credit demand, I think there is a lot of demand for housing. Have the liquidity issues in the NBFC sector been addressed? It has been significantly resolved, in my view.
At HDFC, we never faced liquidity issue at all because we have very diversified sources of funding — we raise money through deposits, term loans, bonds, international funding, ECBs, and masala bonds.
I think the liquidity issue in the system has broadly been addressed.The bank’s American Depository Shares are listed on the New York Stock Exchange (NYSE) under the symbol “HDB”. Times Bank Amalgamation In a milestone transaction in the Indian banking industry.
Housing Development Finance Corporation HDFC Bank was incorporated in August Among the first in new generation commercial banks Registered office in Mumbai, India Promoted by HDFC, the parent company Listed in NSE, BSE, NYSE(ADR) To know concept of Banking sector & explore various services.
Selecting A Bank. Types Of Services Banks Offer. In generally, most banks offer many different kinds of financial services. Financial services are a broad term which refers to the business of providing services related to your various financial needs.
They also provide convenient service. You need to find out what they offer and the costs. HDFC Bank FD Rates: Get updated HDFC Bank FD Interest Rates for regular deposit & senior citizens in India.
Check online HDFC Bank Fixed Deposit Calculator to calculate maturity amount, tenure & interest earned on HDFC Bank Fixed Deposits. There are various advantages of HDFC fixed deposit scheme. Some of them are listed below.
Banking services and structure of banking Bank *Nainital Bank *Federal Bank *Ratnakar Bank *Ganesh Bank of Kurundwad *SBI Commercial and International Bank *HDFC Bank *South Indian Bank *ICICI Bank *Tamilnad Mercantile Bank Ltd.
*YES Bank Bank credit is provided to households, retail traders, small and medium enterprises (SMEs. Various Services Provided By HDFC Bank The Housing Development Finance Corporation Limited (HDFC) was amongst the first Documents Similar To Ending Final.
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