sbi card payment through hdfc netbanking

It is too early to say if Paytm will take the wind out of the existing IPO rally, but the expensive valuations of the digital payments. The HDFC Regalia fares better than the SBI Card PRIME for those interested in Reward Points can be used to pay credit card dues. SBI Credit Card Bill Statement: How to view SBI Credit Card Statement Online. Log in to your SBI credit card net banking account using your net banking. sbi card payment through hdfc netbanking

Sbi card payment through hdfc netbanking -

To,
TransUnion CIBIL Limited [Formerly known as Credit Information Bureau (India) Limited]
One Indiabulls building, Unit No 1901 – 1905,
19th Floor, Tower 2A-2B, Jupiter Mill compound,
Senapati Bapat Marg, Lower Parel, Mumbai 400 013


Sub: Grant of Consent

In connection with submission of the application for my credit information offered by CIBIL (“Consumer Credit Information”) through GC Web Ventures Private Limited (referred to as the “Company”) and delivery of the Consumer Credit Information to the Company, I hereby acknowledge and agree to the following:
A. The Company is my lawfully appointed agent and he / it has agreed to be my agent for the purposes, including, without limitation, to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the Agreement entered into between the Company and TUCL, and the Company has granted its consent for being appointed for the aforesaid purpose.
B. I grant my unconditional consent to the Company to receive the Consumer Credit Information from TUCL on my behalf and use it in the manner consistent with the consistent with the Agreement entered into between the Company and TUCL, as the case may be, and the Company has granted its consent for being appointed for the aforesaid purpose. (b) the Terms of Understanding in relation to the use of the Consumer Credit Information has been agreed between me and the Company.
C. I hereby expressly grant unconditional consent to, and direct, TUCL to deliver and / or transfer my Consumer Credit Information to the Company on my behalf.
D. I shall not hold TUCL responsible or liable for any loss, claim, liability, or damage of any kind resulting from, arising out of, or in any way related to: (a) delivery of my Consumer Credit Information to the Company ; (b) any use, modification or disclosure by the Company of the contents, in whole or in part, of my Consumer Credit Information , whether authorized or not; (c) any breach of confidentiality or privacy in relation to delivery of my Consumer Credit Information to the Company ; (d) for any use made by the Company which is contrary to the Agreement entered into between the Company and TUCL
E. I acknowledge and accept that: (a) TUCL has not made any promises or representations to me in order to induce me to provide my Consumer Credit Information or seek any consent or authorization in this regard; and (b) the implementation of the Agreement between TUCL and the Company is solely the responsibility of the Company.
F. I agree that I may be required to record my consent / provide instructions electronically and in all such cases I understand that by clicking on the "I Accept" button below, I am providing "written instructions" to COMPANY authorizing COMPANY to obtain my Consumer Credit Information from my personal credit profile from TransUnion CIBIL LIMITED, [formerly known as Credit Information Bureau (India) Limited]]. I further authorize COMPANY to obtain such information solely to confirm my identity and display my Consumer Credit Information to me. Further in all such cases “By checking this box and clicking on the ‘Authorize button, I agree to the terms and conditions, acknowledge receipt of TUCL privacy policy (https://www.transunioncibil.com/legal/privacy-policy )and agree to its terms, and confirm my authorization for [COMPANY] to obtain my Consumer Credit Information .
G. I understand that in order to deliver the product to me, I hereby authorize [COMPANY], to obtain my Consumer Credit Information from TUCL.
H. By submitting this registration form, I understand that I am providing express written instructions for [COMPANY] to request and receive information about me from third parties, including but not limited to a copy of my consumer credit report and score from consumer reporting agencies, at any time for so long as I have an active [COMPANY] account. I further authorize [COMPANY] to retain a copy of my information for use in accordance with [COMPANY’S] Terms of Use and Privacy Policy.
I. I UNDERSTAND THAT THE PRODUCT IS PROVIDED ON AN “AS-IS”, “AS AVAILABLE” BASIS AND TUCL EXPRESSLY DISCLAIMS ALL WARRANTIES, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
J. I agree to defend, indemnify, and hold harmless the Releasee from and against any and all Losses resulting from claims made against TUCL by third parties arising from and in connection with this letter.
I agree that the terms of this confirmation letter shall be governed by the laws of India and shall be subject to the exclusive jurisdiction of the courts located in Mumbai in regard to any dispute arising hereof. TUCL is entitled to assign its rights hereunder to any third person without taking my prior written consent.

Источник: https://indialends.com/sbi-credit-card

ONLINE CREDIT CARD PAYMENT

IMPS Card Payment

IMPS Card payment to Credit card

Add your Citibank credit card as IMPS/NEFT payee in your non Citibank account in three simple steps and initiate payment to enjoy same day credit of funds.

While doing a payee addition, please use the following details

Payee Name : Name as it appears on your Citibank Credit Card

Payee Account Number : Valid Citibank Credit Card number*

Bank Name : Citibank N.A

Payment Account Type : Select Any Account Type

IFSC Code2 : CITI0000003 (Customers residing in any City can initiate a payment using CHENNAI IFSC code)

Branch Address : CHENNAI (Customers residing in any City can initiate a payment using CHENNAI as branch address)

To initiate IMPS/NEFT payment, you can use any valid IFSC code of Citibank. In the Payee details given above, we have used Chennai IFSC code which can be used by customers residing in any City.

*Latest Citibank Credit Card number should be used to make payments to avoid rejection or delay in processing of payments.

NEFT Card Payment

NEFT Card payment to Credit card

Add your Citibank credit card as IMPS/NEFT payee in your non Citibank account in three simple steps and initiate payment to enjoy same day credit of funds.

While doing a payee addition, please use the following details

Payee Name : Name as it appears on your Citibank Credit Card

Payee Account Number : Valid Citibank Credit Card number*

Bank Name : Citibank N.A

Payment Account Type : Select Any Account Type

IFSC Code2 : CITI0000003 (Customers residing in any City can initiate a payment using CHENNAI IFSC code)

Branch Address : CHENNAI (Customers residing in any City can initiate a payment using CHENNAI as branch address)

To initiate IMPS/NEFT payment, you can use any valid IFSC code of Citibank. In the Payee details given above, we have used Chennai IFSC code which can be used by customers residing in any City.

*Latest Citibank Credit Card number should be used to make payments to avoid rejection or delay in processing of payments.

Citibank Account

Citibanking Account

If you are attempting to make your Citibank Credit Card payment from your Citibanking / Suvidha Account, you have to Login to Citibank Online with your IPIN and make your Card Payment.

If you are attempting to make payment to any other person's Credit Card from your Citibanking / Suvidha Account, you can Login to Citibank Online with your IPIN, register the Credit Card and then make the transfer easily.

Your bank account will be debited and the payment to the Credit Card will be applied in 1 working day.

LOGIN NOW

Faqs

Click on    to expand and on    to minimize the details.

Frequently Asked Questions about 'NEFT/RTGS/IMPS Payment to Credit Card'

What would you like the creative to communicate?

Advantages of NEFT/IMPS/RTGS over Cheque

1) Same day credit of funds vs Atleast 3-4 days for credit of funds

2) From the comfort of home vs Travel to a drop box

Advantages of NEFT/IMPS/RTGS over Epay

1) Instant increase of credit line when payment is done by NEFT/IMPS/RTGS vs Atleast 2 days for credit of funds

2) End-to-End automated process Vs Manual Process

Will I have a Unique Reference Number for the transaction?

Yes, on successfully completing the Funds Transfer you will be given a reference number for the transaction.

If you have not noted the same at the time of the transaction, you can call your bank and the same will be provided to you.

You need to quote this Unique Transaction Reference Number at the time of logging in your complaint, if any.

Under what circumstances can my Funds Transfer be rejected and what happens to my funds in case of transfer rejection?

Your Funds Transfer can be rejected if you have entered an invalid Card number (or) if you have entered an invalid IFSC Code (or) if you have initiated a payment to a Non-Resident Credit card. In the event of rejection, the funds will be remitted back to the originating bank on the same day. To check the status of the credit into your account, please get in touch with your Bank.

Non Resident customers who hold International Credit Card with Citibank India should not use this facility and should ensure payments are made only from their NRE/NRO account.

Frequently Asked Questions about E-Pay

How long will it take for the money to be credited to my Citibank Credit Card?

If your transaction status on the E-Pay confirmation page is successful, your Citibank Credit Card will be credited with the amount you authorized after 2 working days (excluding weekends and bank holidays). For example, a payment made on Monday will be visible in your credit card statement by Thursday (assuming there are no holidays in-between). If you have made a payment through SBI after 7 PM on Monday, then the payment will be visible in your credit card statement by Friday (assuming there are no holidays in-between).

How do I know that the transaction was successful?

After the payment is made, you will be shown an acknowledgment screen. This screen will contain a 'Status' title, which will display 'SUCCESS' in case of successful transactions and 'FAILURE' in case of failed transactions. This screen will also contain the transaction reference number. Please note this down and quote this in case of any transaction queries with your Bank.

Источник: https://www.online.citibank.co.in/products-services/online-services/epay.htm
Representational image of women employees working in an HDFC Bank Ltd. branch in Mumbai, India  <div><h2><span>SBI Card</span></h2><div><p>You can access your SBI Credit Card account instantly on your Android device. Just download this app and log in using your SBI Credit Card Online User Id & Password to manage your card account on your fingertips. <br>You can create your login credentials, reset password & unlock username through SBI Card App. It is secure and convenient. <br><br>Book your travel needs through E-Store on the SBI Card App and avail special discounts.<br><br>Services:<br><br>•	Register for Online SBI Card Account <br>•	Scan to Pay – Make payments at Bharat QR enabled merchants<br>•	Use Touch ID or MPIN to login<br>•	Enhanced security by linking your mobile device with your SBI Card login account <br>•	View Account Summary, card statement, unbilled transactions and payment history<br>•	Raise Service Requests<br>•	E-Store – Book your travel from SBI Card App<br>•	Flexipay – Pay back your big purchases in flexible installments<br>•	Balance Transfer on EMI<br>•	Encash – Fulfill your extra cash requirements<br>•	Easy Money <br>•	Hot Deals –Exclusive offers on your SBI Card<br>•	Reward Redemption</p></div>Источник: https://play.google.com/</div> <div><h2>Stock in news: HDFC, Maruti, SBI Cards, Panacea Biotec, HDFC Bank, Marico, Adani Ports, YES Bank</h2><div><p>The Indian stock markets, Sensex and Nifty, are expected to continue losing streak on Tuesday, tracking weak cues from Asian markets and flat trading at Nifty futures on the Singapore Exchange. Among the individual stocks, shares of HDFC, Maruti Suzuki, SBI Cards, Panacea Biotec, Marico, Sobha, JSPL, Adani Ports, HDFC Bank, YES Bank, Bank of India, will be in focus on Tuesday's trading session. </p><p><b>Also Read:  Share Market LIVE Updates: Sensex, Nifty to open lower; HDFC, Maruti, SBI Cards, YES Bank in focus</b></p><p><i>Stocks to watch today: Here is a list of top stocks that are likely to be in focus.</i></p><p><b>HDFC:</b> Mortgage lender HDFC to acquire a 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML. In an exchange filing on Monday, the company said it has invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.90 per cent of its share capital issued on a private placement basis. </p><p><b>Maruti Suzuki:</b> The country's largest carmaker Maruti Suzuki India on Monday said its total production in March 2021 increased significantly to 1,72,433 units over the same month last year. The auto major had produced a total of 92,540 units in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing. </p><p><b>HDFC Bank:</b> The private sector lender said that its advances rose by 13.9 per cent to approximately Rs 11,320 billion as of March 31, 2021, compared to over Rs 9,937 billion in the year ago period. On the sequential basis, its advances grew by around 4.6 per cent over Rs 10,823 billion as of December 31, 2020. </p><p><b>SBI Cards:</b> SBI Cards and Payment Services (SBI Card) has appointed former MD and CEO Ashwini Kumar Tewari as a nominee director on its board with immediate effect. </p><p><b>Bank of India:</b> Bank of India has convened an extra-ordinary general meeting (EGM) of shareholders for seeking nod to the allotment of preferential shares to the government for Rs 3,000 crore. </p><p><b>Cadila Healthcare:</b> The drug maker has filed application to seek nod from the Drugs Controller General of India (DGCI) for the repurposing of hepatitis drug PegiHep in hospitalised COVID-19 patients. </p><p><b>Marico:</b> FMCG major has updated its overall summary of the operating performance and demand trends for March quarter. India business reported double-digit volume growth. The company, however, maintained caution amid recent surge in COVID-19 cases in the country. </p><p><b>Panacea Biotec:</b> The drug maker has inked pact with Russian Direct Investment Fund (RDIF) to produce 100 million doses per year of the Sputnik V COVID-19 vaccine in India. </p><p><b>Bharti Airtel, Apollo:</b> Bharti Airtel has entered into partnership with health app Apollo 24/7 to offer a wide range of e-healthcare services to its customers as part of their exclusive Thanks benefits. </p><p><b>Adani Port:</b> The company has inked pact with Vishwa Samudra Holdings Pvt. Ltd, to acquire 25 per cent stake of Adani Krishnapatnam Port Ltd (Krishnapatnam Port) for Rs 2,800 crore. </p><p><b>YES Bank:</b> The private lender has released its Q4 business update on Monday. YES Bank's loans & advances grew marginally by 0.8 per cent to Rs 172,850 crore as of March 31, 2021, against Rs 171,443 crore in the year ago period. On the quarter-on-quarter basis, it rose by 1.8 per cent from Rs 169,721 as of December 31, 2020. </p></div>Источник: https://www.businesstoday.in/markets/company-stock/story/stocks-to-watch-today-on-april-6-hdfc-maruti-sbi-cards-hdfc-bank-marico-adani-ports-yes-bank-292790-2021-04-06</div> <div><div><td><div><img src=

Shop our selection of Mobiles, Computers, Watches, Books, Movies & TV Shows, Home & Kitchen, Toys & Games, Baby Products, Beauty, Fashion Jewellery, Sports & Outdoors, Handbags & Clutchesand Luggage. Also, shop for the Kindle Paperwhiteand more.
This is a limited period offer. Please see full Terms & Conditions below.

Frequently Asked Questions:
1. What is the offer?
Get 15% cashback on the mobile app and 10% cashback on the site upto maximum of Rs. 1500 on State Bank Debit and Credit Cards on purchases of Rs. 5000 and above per transaction.

2. How can I avail this offer?
Each time you transact on the mobile app or the site, you need to have a transaction of Rs. 5000 and above. There are no other special steps to avail this offer. Just go through the normal purchase process.

3. Do I need a promo code to avail the cash back offer?
No, you do not need a promo code. Just use your State Bank Debit or Credit Card to place the order.

4. What is the maximum cashback that I can avail?
Maximum cashback per card account is Rs. 1500 across mobile app and the site.

5. When will I get the cash back?
Cash back will be credited to the card holder's account latest by 8th Aug 2015.

6. Can I avail cash back on credit card on EMI?
Yes, the cashback is applicable on EMI on SBI Cards.

7. Can I avail cash back on card payment on delivery?
No, the cashback is not applicable on card payment on delivery i.e. customers who have chosen the option of Cash-on-Delivery (COD) while ordering and chose to use card for payment on receipt of the product (MPOS).

8. Is the offer applicable on purchase of any item?
No, the cashback is not applicable on purchase of Amazon.in gift cards and gold jewellery.

9. What all State Bank of India Debit cards are included?
State Bank Debit Cards includes Debit Cards issued by State Bank of India and its associate Banks i.e,
1. State Bank Debit Card
2. State Bank of Hyderabad
3. State Bank of Patiala
4. State Bank of Bikaner and Jaipur
5. State Bank of Travancore
6. State Bank of Mysore

10. Is net banking included?
No, net banking transactions are not included.

Cash Back Terms & Conditions

1. This marketing program (“Program”) is from State Bank of India (“Bank”) and SBI Card & Payment Services Private Ltd. (“SBICPSL”) under an arrangement with Amazon Seller Services Private Limited (ASSPL). It is open to all residents of India holding a valid and current State Bank Debit or SBI Credit Card (“Cardholder”) and to whom a communication is sent by Bank/SBICPSL.
2. The Validity of the Program (“Term”) is from 6-May-2015 (00:00 hrs) till 8-May-2015 (23:59 hrs), unless extended by Bank, SBICPSL and ASSPL by mutual consent in writing.
3. All SBI Credit Cardholders excluding SBI Corporate Credit Card with no outstanding of more than 30 days and all State Bank Debit Cardholders (Excluding State Bank Virtual Debit Card) are covered under this Program.
4. State Bank Debit Cards refers to any Debit Card issued by
a. State Bank of India
b. State Bank of Hyderabad
c. State Bank of Bikaner and Jaipur
d. State Bank of Travancore
e. State Bank of Mysore
f. State Bank of Patiala
is eligible to avail this offer.
5. Under this Program, cardholder can avail the following offers:
• 10% cashback on transactions of Rs. 5,000/- or more made using State Bank Debit or SBI Credit Card on www.amazon.in.
• 15% cashback on transactions of Rs. 5,000/- or more made using State Bank Debit or SBI Credit Card on Amazon Mobile App.
• The with maximum cashback amount (cumulative of Web and App eligible transaction) of Rs. 1,500/- per card account (including all the add on cards in case of SBI Credit Card) during the Offer Period (as defined hereinafter).
6. The offer is not valid on Card payment on Delivery (MPOS) transactions.
7. This Offer is not available on purchase of gift cards and gold jewelry from www.amazon.in
8. The Offer is valid only for purchase of physical products, including already discounted items offered on www.amazon.in and Amazon Mobile App and is not applicable for purchase of any digital content.
9. Cashback to be credited in customers account latest by 8th Aug, 2015.
10. For SBI Credit Card, the offer is also valid on EMI transactions. 14% Rate of interest applicable on monthly reducing balance for EMI transactions on SBI Credit Card.
11. In case of cancellation of your order, transaction will not qualify for the Offer. If you cancel part of your order, you will qualify for the Offer only on the net amount you pay basis eligibility.
12. Cashback will be calculated on the net paid amount by the customer.
13. Bank & SBICPSL reserves the right to disqualify the Cardholder(s) from the benefits of the Offer, if any fraudulent activity is identified as being carried out for the purpose of availing the benefits under the said Offer or otherwise by use of the Card.
14. The Offer cannot be combined with any other offer.
15. Any person availing this Offer shall be deemed to have accepted these terms and conditions.
16. Bank, SBICPSL and Amazon reserve the right, at any time, without prior notice and without assigning any reason whatsoever, to add/alter/modify/change or vary all of these terms and conditions or to replace, wholly or in part, this offer by another offer, whether similar to this Offer or not, or to extend or withdraw it altogether.
17. Delinquent and over-limit SBI credit card members will not qualify for this Offer.
18. Cardholders are not bound in any way to participate in this Offer. Any participation is voluntary and the Offer is being made purely on a best effort basis.
19. Nothing herein amounts to a commitment by Bank or SBICPSL to conduct further, similar or other Offers.
20. The above Offer is by way of a special offer for State Bank Debit and SBI Credit Cardholders only and nothing contained herein shall prejudice or affect the terms and conditions of the card member agreement. The terms of the above schemes shall be in addition to and not in derogation of the terms contained in the card member agreement.
21. Offer not valid on corporate or commercial Cards.
Источник: https://www.amazon.in/gp/feature.html?ie=UTF8&docId=1000850973

Banking

Internet Banking

Banking has evolved a great deal in the last few years. Internet banking and transfer of money online, has almost eliminated the traditional brick and mortar banking that we have seen. Today, traditional banking has paved the way for adoption of newer technologies. Easy access of information on bank interest rates and facilities like bank calculators online and FD interest rates have also benefited readers. Please do also use the valuable information on banking provided on the Goodreturns.in website.

Importance of Interest Rates in Banking

If you have either taken a loan or have invested in FDs, in both cases it becomes imperative to check the interest rates. You can use loan calculators and FD interest rate calculators. However, some of these calculators do not offer you returns with tax. You have to remember, that you have to factor in tax, as interest on deposits is completely taxable in the hands of the investor. A quick comparison would also help you to earn more money on FD, especially if there is a huge interest rate differential.
If you are a regular salaries individual, it would be good, if you opt for recurring deposits. This would enable you save money in a systematic way for the longer term. Investors are advised to open these recurring deposits for a longer time frame, as interest rates tend to be higher over a longer tenure.
As we have mentioned earlier, do not invest, unless you have a longer term time frame in mind.

Advantages of Internet Banking

  • Opening a bank account is simple and easy to operate via online mode.
  • It is very convenient as one can easily pay their credit card dues, transfer money from one account to another, pay utility bills, get mobile recharge done and so on at the nick of the time with the help of internet banking.
  • Internet Banking is available round the clock 24X7 on any day and one can access the same from any part of the world.
  • It is fast and efficient. One can also manage several accounts smoothly via internet banking.
  • One can also keep a vigil on transactions and account balance all the time as one gets to know real-time data in case of withdrawal or deposit of money into the account.
  • Internet Banking is one of the vast medium for banks to endorse their products and services to users.

Disadvantages of Internet Banking

  • It is impossible to access online banking without an internet connection.
  • Security of online transactions is the most important concern, as hacking of confidential account information by unauthorized people over the internet is possible.
  • One should carefully guard the password security, otherwise, the account may be misused by someone who has knowledge about the user details.
  • Knowing how to transact with internet banking is the most important thing as beginners may face some problem during the initial days.
  • If the bank’s server is down then it is difficult to transact until the issue is resolved.
  • Possibilities are there that the bank transactions may or may not be successful due to several factors which includes slow connection or loss of network connectivity during the process of the transaction or if the bank’s server is down and so on.
Источник: https://www.goodreturns.in/banking.html

SBI Card

You can access your SBI Credit Card account instantly on your Android device. Just download this app and log in using your SBI Credit Card Online User Id & Password to manage your card account on your fingertips.
You can create your login credentials, reset password & unlock username through SBI Card App. It is secure and convenient.

Book your travel needs through E-Store on the SBI Card App and avail special discounts.

Services:

• Register for Online SBI Card Account
• Scan to Pay – Make payments at Bharat QR enabled merchants
• Use Touch ID or MPIN to login
• Enhanced security by linking your mobile device with your SBI Card login account
• View Account Summary, card statement, unbilled transactions and payment history
• Raise Service Requests
• E-Store – Book your travel from SBI Card App
• Flexipay – Pay back your big purchases in flexible installments
• Balance Transfer on EMI
• Encash – Fulfill your extra cash requirements
• Easy Money
• Hot Deals –Exclusive offers on your SBI Card
• Reward Redemption

Источник: https://play.google.com/

Stock in news: HDFC, Maruti, SBI Cards, Panacea Biotec, HDFC Bank, Marico, Adani Ports, YES Bank

The Indian stock markets, Sensex and Nifty, are expected to continue losing streak on Tuesday, tracking weak cues from Asian markets and flat trading at Nifty futures on the Singapore Exchange. Among the individual stocks, shares of HDFC, Maruti Suzuki, SBI Cards, Panacea Biotec, Marico, Sobha, JSPL, Adani Ports, HDFC Bank, YES Bank, Bank of India, will be in focus on Tuesday's trading session.

Also Read: Share Market LIVE Updates: Sensex, Nifty to open lower; HDFC, Maruti, SBI Cards, YES Bank in focus

Stocks to watch today: Here is a list of top stocks that are likely to be in focus.

HDFC: Mortgage lender HDFC to acquire a 9.90 per cent stake in Kerala-based infrastructure fund management company KIFML. In an exchange filing on Monday, the company said it has invested in 3,88,303 equity shares of Rs 10 each of Kerala Infrastructure Fund Management Limited representing 9.90 per cent of its share capital issued on a private placement basis.

Maruti Suzuki: The country's largest carmaker Maruti Suzuki India on Monday said sbi card payment through hdfc netbanking total production in March 2021 increased significantly to 1,72,433 units over the same month last year. The auto major had produced a total of 92,540 units in the year-ago period, Maruti Suzuki India (MSI) said in a regulatory filing.

HDFC Bank: The private sector lender said that its advances rose by 13.9 per cent to approximately Rs 11,320 billion as of March 31, 2021, compared to over Rs 9,937 billion in the year ago period. On the sequential basis, its advances grew by around 4.6 per cent over Rs 10,823 billion as of December 31, 2020.

SBI Cards: SBI Cards and Payment Services (SBI Card) has appointed former MD and CEO Ashwini Kumar Tewari as a nominee director on its board with immediate effect.

Bank of India: Bank of India has convened an extra-ordinary general meeting (EGM) of shareholders for seeking nod to the allotment of preferential shares to the government for Rs 3,000 crore.

Cadila Healthcare: The drug maker has filed application to seek nod from the Drugs Controller General of India (DGCI) for the repurposing of hepatitis drug PegiHep in hospitalised COVID-19 patients.

Marico: FMCG major has updated its overall summary of the operating performance and demand trends for March quarter. India business reported double-digit volume growth. The company, however, maintained caution amid recent surge in COVID-19 cases in the country.

Panacea Biotec: The drug maker has inked pact with Russian Direct Investment Fund (RDIF) to produce 100 million doses per year of the Sputnik V COVID-19 vaccine in India.

Bharti Airtel, Apollo: Bharti Airtel has entered into partnership with health app Apollo 24/7 to offer a wide range of e-healthcare services to its customers as part of their exclusive Thanks benefits.

Adani Port: The company has inked pact with Vishwa Samudra Holdings Pvt. Ltd, to acquire 25 per cent stake of Adani Krishnapatnam Port Ltd (Krishnapatnam Port) for Rs 2,800 crore.

YES Bank: The private lender has released its Q4 business update on Monday. YES Bank's loans & advances grew marginally by 0.8 per cent to Rs 172,850 crore as of March 31, 2021, against Rs 171,443 crore in the year ago period. On the quarter-on-quarter basis, it rose by 1.8 per cent from Rs 169,721 as of December 31, 2020.

Источник: https://www.businesstoday.in/markets/company-stock/story/stocks-to-watch-today-on-april-6-hdfc-maruti-sbi-cards-hdfc-bank-marico-adani-ports-yes-bank-292790-2021-04-06
Bloomberg File Photo">

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Mumbai: On 2 December, the Reserve Bank of India (RBI) asked HDFC Bank, the largest private sector lender in the country, to halt all launches of its digital business generating activities under its programme Digital 2.0 and also asked the bank to stop issuing credit cards to new customers.

At 14.97 million, HDFC Bank is the market leader in terms of number of credit cards issued.

The decision of the banking regulator comes after several incidents of outages in internet banking, mobile banking and payment systems over the past two years, including recent outages in the bank’s internet banking and payment system on 21 November 2020 due to a power failure in the primary data centre.

“The above measures shall be considered for lifting upon satisfactory compliance with the major critical observations as identified by the RBI,” HDFC Bank said in a statement filed with the exchanges Thursday morning.

“We will work with the experts and the regulator to fortify the identified areas for improvement. Internally, we are looking at this as an opportunity to further improve ourselves and emerge stronger,” said Sashi Jagdishan, MD and CEO of HDFC Bank, in a statement released to media Thursday afternoon.

A year ago, on 5 December 2019, what is an online id bank of america customer complaints of outage, RBI deputy governor M.K. Jain had said that a team from the central bank had gone to HDFC Bank to identify the reasons behind the crash in the bank’s online facilities.


Also read:HDFC’s continuing digital glitch keeps customers locked out, and even some business


Why the frequent outages

Most of such incidents of outage occurred during the first few days of the month. Volumes of transactions are typically higher during these days — salaries are credited, digital cash transfers are made, equated monthly instalments are debited and so on. According to bank insiders, the existing IT infrastructure was unable to cope up with the ever-increasing volumes.

Jagdishan, who took charge in October, said the bank had two outages, one in November 2018 and a second in December 2019.

“We have taken help of external expertise, understood what needs to be done further and have substantially implemented the inputs to strengthen our IT infrastructure and systems. Unexpectedly another incident happened on Nov 21,2020 and the primary reason for the same is the power outage in our Primary Data Centre. We are working on war footing to strengthen this area also now,” he said in the statement.

HDFC Bank is one of the few banks which has consistently grown over the last decade. The economic slowdown and the bad loan problem which impacted business growth of most other banks did not have any significant impact on the bank’s business expansion.

“A pipe was designed to handle a particular volume. But the volumes have gone up substantially while the capacity of the pipe has remained the same. It is not easy to replace the entire pipe,” said a HDFC Bank insider while explaining the reason behind the frequent outages and the bank’s inability to address the issue quickly.

In 2018, the bank launched an upgraded mobile banking application. The outage issue started to occur sbi card payment through hdfc netbanking 2019 when many customers were not able to log in, and later the internet banking platform was also impacted.


Also read:What crisis? HDFC Bank is ramping up corporate loans while rivals are retreating


High digital banking volume

Most HDFC Bank customers prefer to bank digitally. Digital transactions were 95.1 per cent of the total retail transactions sbi card payment through hdfc netbanking of March 2020, up from 85.1 per cent from March 2018. The bank has over 5.6 crore customers. The only other bank which is bigger than HDFC Sbi card payment through hdfc netbanking is the Sbi card payment through hdfc netbanking Bank of India (SBI), but the number of customers who prefer digital banking in HDFC Bank is much higher than any other bank.

HDFC Bank launched its new public website in 2019 and clocked in an average 55 million visitors per month. The number of customer queries handled by its AI assistant EVA (extended visual assistant) grew to 23 lakh per month, according to the bank’s annual report of 2019.

Then, the bank drew up a plan for Digital 2.0 — the next phase of its digital journey, which the RBI has now asked the lender to suspend.

Ramesh Lakshminarayanan had been appointed new chief information officer in November 2020 to spearhead the bank’s digital transformation.


Also read:Why this one analyst has been pessimistic about investing in HDFC Bank despite its profits


Largest credit card customer base

On credit cards, HDFC Bank is by far the market leader, leading the second largest player — SBI Cards — www bankofthewest com payment four million. The credit card business of the bank saw steady growth, and the lender had set a target of 25 million customers.

HDFC Bank said they have been taking conscious, concrete steps to remedy the recent outages on its digital banking channels and has assured customers that RBI’s actions will have no impact on its existing credit cards, digital banking channels and operations.

“The Bank believes that these measures will not materially impact its overall business,” said the statement filed with the exchanges.

“The Bank over the last two years has taken several measures to fortify its IT systems and will continue to work swiftly to close out the balance and would continue to engage with the Regulator in this regard,” it added.

In his statement, Jagdishan sought to assure customers and said the bank will comply with the regulator’s requirements.

“We take this opportunity to assure our existing sbi card payment through hdfc netbanking that there is no reason to worry. You can continue to transact with the Bank without any concern,” he said.


Also read:HDFC Bank probed ‘improper lending, conflict of interest’ in its vehicle loans unit


 

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Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

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Manojit Saha

Источник: https://theprint.in/economy/why-rbi-has-restricted-hdfc-bank-from-launching-new-digital-facilities-issuing-credit-cards/556721/
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Источник: https://indialends.com/sbi-credit-card

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Источник: https://cred.club/credit-card-bill-payment-online/state-bank-of-india

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Источник: https://www.forbes.com/advisor/in/credit-cards/reviews/sbi-card-prime-review/
Bloomberg File Photo">

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Mumbai: On 2 December, the Reserve Bank of India (RBI) asked HDFC Bank, the largest private sector lender in the country, to halt all launches of its digital business generating activities under its programme Digital 2.0 and also asked the bank to stop issuing credit cards to new customers.

At 14.97 million, HDFC Bank is the market leader in terms of number of credit cards issued.

The decision of the banking regulator comes after several incidents of outages in internet banking, mobile banking and payment systems over the past two years, including recent outages in the bank’s internet banking and payment system on 21 November 2020 due to a power failure in the primary data centre.

“The above measures shall be considered for lifting upon satisfactory compliance with the major critical observations as identified by the RBI,” HDFC Bank said in a statement filed with the exchanges Thursday morning.

“We will work with the experts and the regulator to fortify the identified areas for improvement. Internally, we are looking at this as an opportunity to further improve ourselves and emerge stronger,” said Sashi Jagdishan, MD and CEO of HDFC Bank, in a statement released to media Thursday afternoon.

A year ago, on 5 December 2019, following customer complaints of outage, RBI deputy governor M.K. Jain had said that a team from the central bank had gone to HDFC Bank to identify the reasons behind the crash in the bank’s online facilities.


Also read:HDFC’s continuing digital glitch keeps customers locked out, and even some business


Why the frequent outages

Most of such incidents of outage occurred during the first few days of the month. Volumes of transactions are typically higher during these days — salaries are credited, digital cash transfers are made, equated monthly instalments are debited and so on. According to bank insiders, the existing IT infrastructure was unable to cope up with the ever-increasing volumes.

Jagdishan, who took charge in October, said the bank had two outages, one in November 2018 and a second in December 2019.

“We have taken help of external expertise, understood what needs to be done further and have substantially implemented the inputs to strengthen our IT infrastructure and systems. Unexpectedly another incident happened on Nov 21,2020 and the primary reason for the same is the power outage in our Primary Data Centre. We are working on war footing to strengthen this area also now,” he said in the statement.

HDFC Bank is one of the few banks which has consistently grown over the last decade. The economic slowdown and the bad loan problem which impacted business growth of most other banks did not have any significant impact on the bank’s business expansion.

“A pipe was designed to handle a particular volume. But the volumes have gone up substantially while the capacity of the pipe has remained the same. It is not easy to replace the entire pipe,” said a HDFC Bank insider while explaining the reason behind the frequent outages and the bank’s inability to address the issue quickly.

In 2018, the bank launched an upgraded mobile banking application. The outage issue started to occur in 2019 when many customers were not able to log in, and later the internet banking platform was also impacted.


Also read:What crisis? HDFC Bank is ramping up corporate loans while rivals are retreating


High digital banking volume

Most HDFC Bank customers prefer to bank digitally. Digital transactions were 95.1 per cent of the total retail transactions as of March 2020, up from 85.1 per cent from March 2018. The bank has over 5.6 crore customers. The only other bank which is bigger than HDFC Bank is the State Bank of India (SBI), but the number of customers who prefer digital banking in HDFC Bank is much higher than any other bank.

HDFC Bank launched its new public website in 2019 and clocked in an average 55 million visitors per month. The number of customer queries handled by its AI assistant EVA (extended visual assistant) grew to 23 lakh per month, according to the bank’s annual report of 2019.

Then, the bank drew up a plan for Digital 2.0 — the next phase of its digital journey, which the RBI has now asked the lender to suspend.

Ramesh Lakshminarayanan had been appointed new chief information officer in November 2020 to spearhead the bank’s digital transformation.


Also read:Why this one analyst has been pessimistic about investing in HDFC Bank despite its profits


Largest credit card customer base

On credit cards, HDFC Bank is by far the market leader, leading the second largest player — SBI Cards — by four million. The credit card business of the bank saw steady growth, and the lender had set a target of 25 million customers.

HDFC Bank said they have been taking conscious, concrete steps to remedy the recent outages on its digital banking channels and has assured customers that RBI’s actions will have no impact on its existing credit cards, digital banking channels and operations.

“The Bank believes that these measures will not materially impact its overall business,” said the statement filed with the exchanges.

“The Bank over the last two years has taken several measures to fortify its IT systems and will continue to work swiftly to close out the balance and would continue to engage with the Regulator in this regard,” it added.

In his statement, Jagdishan sought to assure customers and said the bank will comply with the regulator’s requirements.

“We take this opportunity to assure our existing customers that there is no reason to worry. You can continue to transact with the Bank without any concern,” he said.


Also read:HDFC Bank probed ‘improper lending, conflict of interest’ in its vehicle loans unit


 

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism