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Instead of relying on traditional memorized passwords, OTPs are requested by consumers each time they want to perform transactions using the online or mobile banking interface. When the request is received the password is sent to the consumer's phone via SMS. The password is expired once it has been used or once its scheduled life-cycle has ...
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. [9] [10] It was the biggest housing finance company in India. [11]It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.
Ujjivan Small Finance Bank Limited is an Indian small finance bank based in Bangalore, which commenced operations on 1 February 2017. [3] [4] Ujjivan Financial Services holds an 80 percent stake in the bank.
HDFC Ltd. And ERGO International AG formed a joint venture firm named HDFC ERGO General Insurance Company Limited. [3] ERGO became a 49% stakeholder in the Company in 2015. In June 2019, HDFC announced plans to acquire a 51.2 percent stake in Apollo Munich Health Insurance and later merged it with its general insurance arm, HDFC ERGO. [4]
Peer-to-peer banking, a concept in blockchain-based finance, refers to the transfer of value without traditional intermediaries like banks.. In practice, peer-to-peer banking is an online system enabling direct financial transactions between individuals through an auction-style process, where members can offer or request loans at specified amounts and interest rates
City Union Bank Limited is an Indian private sector bank headquartered in Kumbakonam, Tamil Nadu.The bank was initially named Kumbakonam Bank Limited, and was incorporated on 31 October 1904.
Dena Bank [2] [3] [4] [5] was founded on 26 May 1938 by the sons of Devkaran Nanjee - Choonilal Devkaran Nanjee, Pranlal Devkaran Nanjee & other family members under ...
HDFC Bank sought permission from regulators to merge with its parent HDFC and merged. This led to a lot of probable capital holding violations for which the combined entity was given a year to bring under statutory limits. Before the merger, HDFC swapped its group company Gruh Finance to Bandhan bank for a 15% stake in its combined capital.