HDFC Bank
Indian banking and financial services company
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June 2025 | HDFC Bank's Managing Director and CEO Sashidhar Jagdishan was named in a First Information Report (FIR) filed by the Lilavati Kirtilal Mehta Medical Trust, alleging his involvement in a ₹2.05 crore financial transaction related to a long-standing loan recovery dispute with Splendour Gems Limited. |
2025 | HDFC Bank was listed in Forbes' 2025 World's Best Banks, ranking 2nd in India. |
2024 | HDFC Bank launched the SmartWealth app, expanding its digital financial product offerings. |
August 29 2024 | HDFC Bank introduced User-Level Programmability on Digital Rupee, enabling users to create custom payment parameters through the HDFC Bank Digital Rupee Wallet, including specifying payment purposes, validity periods, and geographic usage restrictions. |
July 1 2023 | The merger of HDFC Ltd with HDFC Bank was completed, resulting in a market capitalisation of $154 billion, making it the seventh most valuable bank globally and one of the world's top 100 banking companies. |
March 2023 | HDB Financial Services (a subsidiary of HDFC Bank) experienced a significant data breach exposing personal information of over 70 million customers, including email addresses, names, dates of birth, phone numbers, genders, postcodes, and loan details. |
April 4 2022 | HDFC Ltd announced its merger with HDFC Bank, creating India's largest-ever M&A deal, with plans to transfer its home loan portfolio to the bank. |
2021 | HDFC Bank acquired a 9.99% stake in Ferbine, a Tata Group entity, to operate a pan-India umbrella entity for retail payment systems. |
May 27 2021 | RBI imposed a penalty on HDFC Bank (specific amount not fully specified in the provided text). |
December 2 2020 | The Reserve Bank of India (RBI) ordered HDFC Bank to temporarily halt the issuance of new credit cards and all planned activities under the bank's Digital 2.0 program due to incidents of service outages in internet banking, mobile banking, and payment utility services. |
January 29 2020 | RBI imposed a monetary penalty on HDFC Bank for failure to undertake ongoing due diligence in case of 39 current accounts opened for bidding in the initial public offer. |
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