HDFC Bank
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Business
Digital Payments Revolution: PhonePe Rolls Out Credit Line on UPI
Bengaluru: Fintech leader PhonePe announced the launch of a new credit line feature on the Unified Payments Interface (UPI) on Thursday, nearly a year after its introduction by the National Payments Corporation of India (NPCI). This feature allows customers to access short-term credit, enhancing the payment options available at checkout for merchants using PhonePe’s Payment Gateway. According to PhonePe, this…
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Business
HDFC Bank Q4 Profit Jumps 37% on Strong Non-Interest Income
Bengaluru, Karnataka – April 20, 2024: HDFC Bank, a leading private sector lender, reported a 37.1% year-on-year increase in net profit for the quarter ended March 31, 2024, at Rs 16,512 crore. This growth was driven by a significant rise in non-interest income, which more than doubled to Rs 18,166 crore compared to Rs 8,731 crore in the same period…
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Business
New Year, New UPI: Key Changes Enhance Online Banking Experience
New Delhi: The New Year brings significant enhancements to the Unified Payments Interface (UPI), aiming to elevate the digital banking and payment transaction landscape. Inactive UPI IDs: The National Payments Corporation of India (NPCI) has mandated the deactivation of inactive UPI IDs, dormant for over a year, by payment apps. ‘UPI for Secondary Market’ Launch: NPCI introduces the ‘UPI for…
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