Supply chain financing platform Cashinvoice said it has closed $3.4 million as part of a Series A round from institutional investors comprising Pravega Ventures, HDFC Bank and existing investor Accion Venture Lab, according to ETtech report. The company has been engaged with HDFC Bank for the last two years to digitise the latter’s internal supply…
India’s top private lender HDFC Bank Limited announced the appointment of V. Srinivasa Rangan as Executive Director on the company’s Board, with effect from November 23, 2023. According to the Bank’s exchange filing, “In continuation of our intimation dated June 30, 2023, we wish to inform you that pursuant to an application which was made…
HDFC Bank announced investment in India Debt Resolution Company Limited (IDRCL), a debt management and resolution services company. IDRCL was incorporated in 2021. According to the company’s exchange filing, “We wish to inform you that HDFC Bank Limited (the “Bank”) has signed an agreement on March 28, 2022 for investment in India Debt Resolution Company…
HDFC Bank, under its CSR programme Parivartan, has launched skill training initiative for 6,900 youth in Goa in collaboration with Wipro GE Healthcare and United Way Delhi (UWD). Beneficiaries associated with skilling institutes will be imparted training for various non-technical job roles in the healthcare sector. Apart from training, the students will be provided assistance…
Former L&T Financial Services executive Sandeep Sood has now joined HDFC Bank as Senior Vice President- Technology Risk. He will be based out of Mumbai. In this new role, Sood will be overseeing the bank’s various upcoming and ongoing digital transformation initiatives. At L&T Finacial Services, Sood was Head-IT Infrastructure & Services. He was associated…
HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID), has launched a $100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic, according to a…
HDFC Bank is aiming to expand its reach to two lakh villages in the next 18-24 months. The bank plans this expansion through a combination of branch network, business correspondents, business facilitators, CSC partners, virtual relationship management and digital outreach platforms. HDFC Bank currently offers its products and services to MSMEs in over 550 districts,…
Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Ms. Preeti Nahar and Mr. Yogesh Satpute, based out of Pune, India, has announced the news of its first investment fundraise. India’s private sector bank HDFC and its subsidiary HDFC Securities Limited has acquired a 7.4% stake in Virtuoso Infotech. Virtuoso Infotech specializes in…
Virtuoso Infotech Pvt. Ltd., an enterprise software solutions company, founded by Preeti Nahar and Yogesh Satpute, based out of Pune, India announced the news of its first investment fundraise. India’s largest private sector bank HDFC and its subsidiary HDFC Securities Limited has acquired a 7.4% stake in Virtuoso Infotech, the release said. Virtuoso Infotech specializes…
HDFC Bank has bought 1.5% stake in CSC Grameen e-Store for about Rs 10 crore, according to ETtech report. India’s largest private sector lender is looking at the platform to extend the reach of its products and services — especially the banking portfolio — in rural areas, top executives said. The Grameen e-Store, launched in…
HDFC Bank, India’s largest private sector lender, unveiled organisational changes under “Project Future – Ready” to power its next wave of growth. The Bank is reorganising itself into three clear areas of Business Verticals, Delivery Channels and Technology / Digital to further build its execution muscle in all the three areas and be ready for…
HDFC Bank, India’s largest private-sector bank, has picked up a minority stake in smallcase Technologies, a financial-technology startup focussed on capital markets and related infrastructure. Recently, the startup raised $14 million in its Series B funding round led by DSP Group. In a statement, Bengaluru-based smallcase said the transaction is part of its Series B…
HDFC Bank, one of India’s premier banks that provides a wide range of financial products and services to its customers, announced the appointment of Ramesh Lakshminarayanan as new Chief Information Officer, according to ET report. Most recently, Lakshminarayanan worked with CRISIL, where he spent three years as Chief Technology and Information Officer. In CRISIL, Lakshminarayanan…
The Carlyle Group which is a global investment firm has announced the appointment of former Chief Executive Officer of HDFC Bank, Aditya Puri as its Senior Advisor in Asia. Mr Puri will advise the Carlyle team on investment opportunities across Asia and will also provide guidance on the changing market landscape and new opportunities for…
Ravi Santhanam, Chief Marketing Officer (CMO), HDFC Bank has been recognised in the Forbes list of ‘The World’s Most Influential CMOs’. Ranked at Number 39, he is the only CMO of an Indian company to be featured in the illustrious list which includes marketing heads of Apple, BMW, Lego, Adobe, Microsoft, P&G among others. This…