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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
Many offices have their employees work Saturdays until lunch time (usually 2 pm). Other countries have different business hour patterns. Many workers in warmer climates observe siesta during the afternoon, between 2 pm and 5 pm, effecting a pause in business hours, and resuming business in the evenings.
At the time of its acquisition, Times Bank had 541 employees, 35 branches and 34 ATMs, whereas HDFC Bank had 827 employees, 57 branches and 77 ATMs. [8] [9] Moreover, many of the employees at the Times Bank were former employees of the State Bank of India. [10] The acquisition of Times Bank by HDFC Bank was a major profit booster for The Times ...
Avoid the lunch rush. During the weekdays, banks tend to be busiest during peak lunch times — usually between 11 a.m. and 1 p.m. Check Google’s popular times graph.
In place of lunch breaks, ... 4,000 workers across 10 different major cities for lunch-break data, nearly half of full-time employees, or 49%, admit to skipping lunch at least once a week.
In fact, skipping a lunch break is a growing problem according to a 2023 ... It also turns out that even among the 29% of office workers who block out time on their calendars for a lunch break, 62 ...
A break at work (or work-break) is a period of time during a shift in which an employee is allowed to take time off from their job. It is a type of downtime . There are different types of breaks, and depending on the length and the employer's policies, the break may or may not be paid.
HDFC held 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank were wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]