Banks had earlier demanded the removal of the cap on family pension as the amount was paltry. They are in talks to know the quantum of provisions that need to be set aside for pension liability.
Under the festive offer, the processing fee for loan against HDFC Bank Securities i.e. Loan Against Securities has been reduced to flat Rs 750. The interest rate for such loans will be 9.90 per cent.
In order to achieve this target, the bank will focus on distribution partnerships, under which it envisages ramping up new credit card sales to Rs 5 lakh per month by end of this fiscal from Rs 3 lakh in November 2021.
Last week, HDFC Bank had listed its maiden AT-1 bond issue from global investors, by raising $1billion. The lender had managed to get 3.7% as the coupon’s final price as against the initial offer of 4.125%. The deal would help in diluting the fears over the capital raising instrument for lenders in the country.
The perpetual bonds will not be offered or sold in India under the applicable laws, including the Companies Act, 2013, as amended from time to time, it said.
The pre-Covid (2017-19) bounce rates for The months of July on an average have been around 24% by volume and around 20% by value. The current bounce rates by value are still 700-800 basis points higher than the pre-Covid levels, indicating that there is some stress in the system and the repayment behaviour hasn’t come back to the pre-Covid levels.
If you want to avail loan against your holding share, login to HDFC net banking. Here the option of demat account opens. There you have to select the option of Loan Against Securities.
Your application will be verified through an OTP. Pledge your shares online with the help of NSDL and CSDL. After this, the loan will be disbursed to you.
