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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.
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. [1] [2]At end-March 2024, India's commercial banking sector consisted of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 45 foreign banks (FBs), 12 SFBs, six PBs, 43 RRBs, and two LABs.
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]
North Chennai is primarily an industrial area while some areas are residential. Central Chennai is the commercial heart of the city and the downtown area. South Chennai and West Chennai, previously predominantly residential areas are fast turning into commercial areas, hosting a large number of IT and financial companies [ 1 ] along the GST ...
State Bank of India: Mumbai 71.8 8.1 807.4 87.6 Banking 3 65 HDFC Bank: Mumbai 49.3 7.7 483.2 133.6 Banking 4 70 Life Insurance Corporation: New Delhi 98.0 4.9 561.4 73.6 Insurance 5 142 ICICI Bank: Mumbai 28.5 5.3 283.5 95.3 Banking 6 207 Oil and Natural Gas Corporation: New Delhi 77.5 5.1 80.6 41.9 Oil and gas 7 259 Indian Oil Corporation ...
Singara Chennai Card: State Bank of India: 14 April 2023 [55] Chennai Metropolitan Transport Corporation (Chennai) MTC Chennai Complete Network Singara Chennai Card State. Bank of India. 6 January 2025 Chennai Chennai Mass Rapid Transit System Southern Railway N.A Singara Chennai Card State. Bank of India. N.A Under Implementation Chennai
The Bank of Madras was formed in 1843 as a joint stock company with a capital of Rupees 3 million by the amalgamation of Madras Bank, Carnatic Bank, The British Bank of Madras (1795), and The Asiatic Bank (1804). Bank of Madras had a branch network spread into all the major cities and trade centers of South India, including Bangalore ...
Tamilnad Mercantile Bank was the first private sector bank in India to introduce computerisation for branch-level operations. The bank adopted modernization as early in the year 1983. Today all 509 branches of the bank are networked using Infosys 's "FINACLE" Software and have achieved 100% connectivity.