The RBI has directed that post merger of HDFC Ergo Health Insurance Company Limited with HDFC Ergo General Insurance Company, subsidiaries of the corporation, the stake of the corporation in the merged entity should be brought down to 50 per cent or below within a period of six months from the merger.
Tag: HDFC
Killed HDFC Bank VP for money, was under pressure to pay bike EMI, says accused
In a high profile murder case, self-confession of the accused Sarfaraz Sheikh reveals the reason of murder of the Siddharth Singhvi, vice president of HDFC bank. Shaikh confessed to police when questioned and claimed his responsibility. The accused has confessed to his crime before the metropolitan magistrate at Bohiwada, Mumbai.[Read More…]
“Go to Bangladesh or Pakistan” asks HDFC employee to Bangla customer in Kolkata
A Bangla customer of HDFC told to “Go to Pakistan or Bangladesh” for expressing his wish to fill the form in Bangla. Amit Sen wanted to fill the deposit form in Bangla language which is also the state language in West Bengal. As Sen submitted the form to the employee,[Read More…]
RBI adds HDFC in its list of banks ‘too big to fail’
The Reserve Bank of India included HDFC in the list of banks deemed “too big to fail”. The other banks in this list are State Bank of India and ICICI Bank. Banks with assets that surpass 2% of the annual gross domestic product are categorised as this. “In addition to[Read More…]
HDFC, ICICI restarting levy on cash transactions
Banks including HDFC Bank, ICICI Bank and Axis Bank Wednesday onwards will be charging a minimum amount of Rs 150 per transaction for all cash deposits and withdrawals beyond four free transactions in a month. These charges would be applicable to all savings as well as salary accounts effective from[Read More…]
