Telugu super news,India, february 5th,2024: Leading investment services provider HDFC securities’ flat pricing equity broking app has announced the addition of over 1 lakh customers in January 2024. The flat price broking app launched in September 2023 currently has a total of over 3 lakh customers on its platform. HDFC SKY is a one-stop-shop platform for all investment needs – Equity, MF, Global investing, and more.
Indian markets have posted double-digit returns every year in the past 4 years. Not many asset classes can boast of providing stellar like equities. The interim budget has pegged a nominal GDP growth rate of 10.5% and, a fiscal deficit of 5.1% for FY25. This augurs well for the growth of the broader growth. India is the right place for investors be it – retail, HNIs, or FIIs.
HDFC Sky is best placed to help its customers with investment and stock recommendations, and proprietary research to enable better and more informed decision-making. The platform charges a one-price slab of Rs 20 for both intraday and delivery across segments. It also offers a margin trading facility to expand the horizon of investments for all customers.
HDFC SKY is designed to support investors and traders of all experience levels to participate seamlessly in the financial markets and achieve their financial goals. The app provides access to various investment and trading offerings, including Indian stocks, ETFs, mutual funds, futures and options, currencies, commodities, IPOs, and global equities on a single Fintech platform. HDFC Sky users are spread across Tier-1, 2, and 3 cities.
Speaking on the milestone, Mr. Dhiraj Relli, Managing Director & Chief Executive Officer, HDFC securities said, “We at HDFC securities are committed to helping our customers in their investment and wealth creation journey. We are offering a simple yet effective investment platform with cutting-edge research backed by our experienced team. We are thrilled to achieve this milestone, the development reflects the customers’ trust in the HDFC brand”.
Mr. Sandeep Bhardwaj, Chief Operating and Digital Officer at HDFC securities, said, “We are excited about the initial traction and response HDFC Sky has received. It offers a comprehensive suite of features, including an all-in-one app for various asset classes, free in-house research, and a dedicated MTF ecosystem with competitive pricing. Our latest fintech offering is an innovative and trustworthy platform to help our valuable customers in their investment journey. We will continue to refine the user experience, expand investment options, and leverage the power of technology to make investing even more accessible.
HDFC Sky’s simple and transparent fee structures have made it easy for investors to understand the cost associated with the transactions. The main aim is to simplify the complex world of investing, in a highly fragmented market.
Telugu super news,India,December 6th, 2023: In a pioneering move towards fostering financial inclusion, HDFC Bank today announced its partnership with the Reserve Bank Innovation Hub (RBIH) to introduce i-Innovate, a nationwide initiative specifically designed to champion FinTechs focussing on differently abled persons. This initiative is singularly focussed on leveraging Assistive Technology (AT) to not only enhance, but also revolutionise the financial inclusion for differently abled persons.
RBIH, a wholly-owned subsidiary of the Reserve Bank of India (RBI), spearheads efforts to cultivate an environment conducive to innovation across the financial sector. HDFC Bank, under its CSR brand Parivartan, supports startups working in the social space through its Parivartan StartUp Grants programme. HDFC Bank and the Reserve Bank Innovation Hub have come together to leverage social innovation and entrepreneurship to bridge existing gaps and enhance financial accessibility for differently abled persons. Further, AssisTech Foundation (ATF) has been roped in as a supporting partner to contribute with expertise in innovating for this segment of the population, as well as provide specialised support in incubation, acceleration and nurturing startups in this space.
With more than 2.2% of the population falling under this demographic, i-Innovate aims to implement a range of programmes aimed at nurturing innovation and inclusivity within the financial sector for differently abled persons. This partnership will embark on an extensive journey to study today’s financial landscape, focus on identifying key market gaps and challenges at the intersection of assistive technology and finance. Additionally, various initiatives such as innovation challenges, hackathons, acceleration programmes, and awards will be rolled out to actively support and recognise startups dedicated to building solutions for the financial inclusion of differently abled persons.
Ms. Smita Bhagat, Retail Branch Banking Head, HDFC Bank said,“Nearly three-quarters of persons with disabilities reside in rural parts of the country. Persons with special needs in our country lack access to formal financial services. HDFC Bank is collaborating with RBIH to identify gaps in the adoption of financial service and innovate inclusive financial products that enable economic independence and empower persons with special needs. We are a Bank for all, and believe that financial inclusivity for persons with special needs is not a niche agenda; it is a catalyst for nationwide economic growth and innovation. Our goal is clear – to build a banking system that is as diverse as India itself.”
Ms. Shalini Sahay, Head – Corporate Communications, Marketing and Partnerships, RBIHsaid, “This partnership is a significant step towards innovation and inclusivity in finance. Through iInnovate, we commit to bring forth groundbreaking solutions at the intersection of assistive technology and finance.”
The official launch of i-Innovate took place on December 3, 2023, on the International Day of Persons with Disabilities. With the insights gained from this project, HDFC Bank and RBIH are committed to setting new benchmarks for accessibility in banking, striving to ensure that financial empowerment is attainable for all, irrespective of physical ability.
Telugu super news,Hyderabad, November 7, 2023: Kotak Mutual Fundconductsits investor education and awareness initiative, ‘SeekhoPaiso ki Bhasha’, in partnership with the Central Board of Secondary Education (CBSE) in Hyderabad. This initiative is set to pave the way for financial literacy by conducting an extensive series of education and awareness programs aimed at empowering teachersfostering their growth of financial understanding, and ultimately which can help contributeto India’s journey towards a potential progressive future.
The initiative aimsto educate and create awareness about financial literacy amongover 2925 CBSE teachers in Telanganaand inHyderabad. Out of these, 50% are expected to befemale, underscoring tofostering of equitable growth and development.
As part of the initiative, Kotak Mutual Fund has brought on board over 500 proficient trainers from the Centre for Investment Education and Learning (CIEL)who lead theimpactful sessions, ensuring that quality and relevance were upheld throughout the program.
Army Public School,Bolarum JJ Nagar Post OfficePrincipal, Smitha Govindsaid, “Participation in this program, Seekho Paiso ki Bhasha, enables us to provide our teachers with the necessary knowledge for making informed financial choices and pursuing their objectives with confidence.”
Mr. Kinjal Shah,Head- Digital Business, Marketing and Analytics, Kotak Mutual Fund, “Through this Investor Education and AwarenessProgram ‘SeekhoPaiso ki Bhasha,’ we are deeply committed to cultivating financial empowerment. We believe that teachers play a vital role inshaping our nation’s destiny and mouldingthe new generation. Our partnership with CBSE is to educate and create awareness amongst the esteemed educators about financial literacy and investment. Collectively, we can shape a future where financially aware teachers may help improve the economy.”
This initiative represents a significant step towards the realization of a financially empowered India, with an aim of aligning perfectly with the nation’s aspiration for progress and growth. With ‘SeekhoPaiso ki Bhasha’hope that it helps to shape the financial fabric of the country.
Telugu super news,Hyderabad, November 1, 2023: Lloyds Banking Group, one of the UK’s largest financial services groups, commences its new Lloyds Technology Centre (LTC) operations in Knowledge City,Hyderabad today.
The Lloyds Technology Centre will play a key role in delivering AI, Cloud and Blockchain programmes across the organization with the first teams located in the office focusing on using data, machine learning and Cloud to support the Group’s customers in the UK.
To achieve this, the centre will be recruiting for a range of specialist roles including Full Stack, Java Back-End, REACT, Cloud Engineers and Quality Engineers.
The long-term ambition is for the centre to become a hub for modern engineering excellence, supporting the delivery of Lloyds Banking Group’s technology transformation and utilising India’s thriving technology landscape and specialist talent.
Ron van Kemenade, Group Chief Operating Officer at Lloyds Banking Group, shared his enthusiasm for this milestone, stating: “The opening of Lloyds Technology Centre represents a pivotal moment in our overall transformation journey, building on our growth in tech talent in the UK.
This centre, located in the vibrant tech hub of Hyderabad, will become a hub for innovation and engineering excellence. We’re excited to use this facility to help deliver the transformation the Group requires to meet the ever-evolving needs of our customers.”
Sirisha Voruganti, CEO and Managing Director, Lloyds Technology Centre said “Hyderabad’s wealth of tech talent and its diversity makes it a global epicenter for innovation. With Lloyds Technology Centre, we’re proud to be part of this thriving ecosystem.
We believe that the fusion of India’s leading tech capabilities and diverse talent will be instrumental in our ability to provide fantastic services to the Group’s customers.”
Lloyds Technology Centre will not provide any banking services but will focus on using technology, digital, data and analytics capabilities to drive innovation and end-to-end product delivery and is a step forward in the Group’s approach to international resourcing.
The Group’s commitment to promoting diversity and contributing to India’s economic development will support the government’s digital mission in the region.
Telugu super news, Mumbai, 20 October 2023:HDFC Bank, India’s leading private sector bank, launched XpressWay, a digital platform offering banking products and services, enabling customers to experience the fastest way to bank.
XpressWay offers an array of services, including Xpress Personal Loan, Xpress Business Loans, Xpress Car Loan, Xpress Home Loan, Xpress Loan on cards, Xpress Credit Card, Xpress Savings Accounts, service journeys and more, designed to cater to diverse customer needs. These products and services are meticulously designed to deliver fast, seamless, paperless, and do-it-yourself customer journey, for both existing and new customers. Launched during the festive season, it is even more exciting as it also allows customers to indulge in festive season shopping with greater ease of access to finance.
“XpressWay signifies HDFC Bank’s commitment to customer-centric innovation, offering a digital ecosystem that empowers our customers with swift, paperless, and self-service banking. As we launch this platform during the festive season, we aim to enhance the joy of celebrations. With XpressWay, HDFC Bank opens the door to a faster, more convenient, and enjoyable banking experience,” said Mr. Parag Rao, Country Head – Payments, Liability Products, Consumer Finance & Marketing, HDFC Bank.
XpressWay is a part of HDFC Bank ‘NOW’, an umbrella brand for the Bank’s digital products and services.
Telugu super news, India, october 18th,2023: HDFC ERGO General Insurance Company, India’s leading private sector general insurance company, has launched path-breaking suite of health insurance products and services to make health insurance Accessible, Affordable and Convenient. These health solutions and services, which are meticulously designed to address the evolving needs and aspirations of Indian citizens, will elevate the convenience and accessibility in India’s health insurance sector.
With the rising cost of healthcare across India and health related uncertainties caused by recent COVID pandemic, it has become even more necessary to have comprehensive health insurance coverages and stay protected. In background of this emerging need, HDFC ERGO has unveiled a range of new products and services, which aims to open up a new dimension in health insurance sector and provide the customers greater accessibility to health care facilities not only in India but also abroad. The company has launched key upgrades to its existing Optima Secure product, which also happens to be one of the most preferred products for the health insurance customers in India
The Company has also introduced new service upgrades, which will address the key issues faced by the customers during their cashless hospitalisation, and thereby provide a greater convenience for the customers.
Speaking on the launch, Parthanil Ghosh, President- Retail Business, HDFC ERGO General Insurance, said, “As a ‘Customer First’ organisation and a leading insurer in India, we at HDFC ERGO consider it as our responsibility to encourage our customers to stay protected with health insurance solutions. Continued with our efforts to fulfil this aspiration, we recognised the need to enhance our current health insurance plans and services, so as to make health insurance more accessible, affordable and convenient. We understand that today’s customers look for customised solutions instead of one-size-fits-all approach, and our newly launched health solutions address this need. We believe that our innovative and customisable features of our products and services will deepen the ‘trust’ of the Indian citizens towards health insurance, and act as an impetus in insurance inclusion within the country.”
The New Products at a Glance:
Optima Secure: Enhancements
Global plans: One can now get treatment anywhere on the globe.
An industry first initiative, providing an option to cover travel expenses of a person supporting the insured at the time of need
New deductible options: Higher deductibles up to 5 lakhs, to further lower the premium as a part of the base policy. This feature also comes with an option to reinstate the full cover after 5 years of policy period or 50 years of age, whichever happens later.
Individual Personal Accident Rider: Add-on cover which provides lumpsum pay out in case of Accidental Death, Permanent Total Disablement and Permanent Partial Disablement
Special discount for NRIs: The Company is also launching for the first time in the country, special discounts up to 40% for Non-Resident Indians (NRIs); this will be available for NRIs from the 3rd week of November
Optima Wellbeing: An OPD subscription with end-to-end cashless mode
An industry first initiative to avail unlimited tele & in-person consultations, and free home sample collections
Discounts up to 40% on Diagnostics and Medicines
Cashless ecosystem
This product will be launched first in Mumbai, and will soon be extended to the other cities
My: Health Koti Suraksha
An enhanced personal accident insurance with higher sum insured up to Rs. 5 crores
Coverage against Accidental Death, Permanent Total Disablement and Permanent Partial Disablement
Explorer: A revamped travel insurance
Coverage: Insures Health Emergencies, Flight Mishaps and various In-Trip crisis
Tailor made plans: Covers varied target segments from value seekers to premium buyers
All-in-one: Family coverage in a single policy
First-of-its-kind Services for Cashless Claims in India
Early discharge from hospitals
Seamless discharge process for cashless hospitalisation – Customers need not wait for long approval procedures during their discharge, and can be released as soon as the hospital signs the discharge summary for patients undergoing cashless hospitalisation
This facility is currently available with 25 network hospitals located at 16 cities from across 14 states of India, and will be extended to other cities soon
Per-approved cashless facilities for all chronic patients
Approval at one go for chronic patients – The patients undergoing cashless hospitalisation for chronic diseases like chemotherapy, dialysis and radiotherapy can now avail single approval to avail cashless hospitalisation for multiple times for the same ailment at the same health care facility
Both the above service features are being introduced for the first time by any insurer in India and is expected to provide peace of mind to the family members of the policyholders undergoing treatment for such chronic diseases.
Founded in the year 2002, HDFC ERGO has been consistently bringing in innovative tech-enabled health insurance products and solutions to provide convenience and ease to its customers. Recently the company unveiled insurance led eco-system ‘here.’, a unique one-stop platform, one of the propositions of which is addressing customers’ anxiety on health care and providing them with credible information on this space.
Also, the company is among the pioneers in India to introduce interest free instalment-based health insurance, alleviating the financial burden on policyholders. The company’s extensive network of over 12,000 cashless health care providers assures hassle-cashless treatment to its policyholders. With a remarkable claim settlement ratio of 99% for accident and health claims in FY 23, the company underscores its commitment to democratise insurance and deliver efficient and hyper-personalised customer-centric services.
Telugu super news, Mumbai, September 20, 2023:HDFC Bank, India’s leading private sector bank, announced the launch of three innovative digital payments products on UPI (Unified Payments Interface). These innovative solutions are set to redefine the way customers and merchants engage in seamless transactions:
· UPI 123Pay: Payment via IVR
· UPI Plug-In Service for Merchant Transactions
· AutoPay on QR
Parag Rao, Country Head of Payment Business, Consumer Finance, Technology, and Digital Banking at HDFC Bank, commented, “These innovative products represent the future of digital payments.
UPI 123Pay makes it possible for anyone in India, regardless of their phone type, to effortlessly make payments using a simple phone call, without requiring internet connectivity or a smartphone.
UPI Plug-In Service aims to provide a seamless and frictionless payment experience, eliminating the need for customers to switch between merchant and payment apps when paying on UPI.
AutoPay on QR enables seamless recurring payments through UPI QR and aims to transform various use cases, including OTT platforms, audio subscriptions, newsletters, and other digital subscription services Together, they signify a transformative leap in digital payments.”
Advantages for customers:
· UPI 123Pay: Payment via IVR
o Convenience: Customers can effortlessly book and pay for any service through an interactive voice response system (IVR). HDFC Bank has empowered Indane Gas customer regardless of their phone type, to effortlessly book and pay for their gas cylinders using a simple phone call, without requiring internet connectivity or a smartphone.
o Time saving: The process is efficient, saving customers valuable time during gas bookings.
· UPI Plug-In Service for Merchant Transactions
o Smooth transactions: Customers experience smoother and faster transactions when making purchases from participating merchants.
· AutoPay on QR
o Simplified subscriptions: Customers can easily subscribe to digital services for themselves, friends, and family.
o Security: High-security standards ensure customer transactions are safe and protected.
These innovations underscore HDFC Bank’s commitment to redefining the convergence of banking and technology.
Telugu super news,September 20th, 2023:IDBI Bank extends Festive Offers on its popular “Amrit Mahotsav FD” schemes. Under this limited time promotion, the 444 days option offers lucrative peak rate of 7.75% Besides this, the 375 days option attracts rate up to 7.60% p.a.
This festive offer extension will be available for limited period upto October 31, 2023. Further, the Bank has made its rates attractive in the maturity slab of ‘271 days to less than 1 year’ by 50 basis points (bps), offering a peak rate of 6.75% per annum.
Telugu super news,Pune, August 16, 2023: HDFC Bank, India’s leading private sector bank, announced the launch of ‘One Pune’ contactless pre-paid card in collaboration with Maharashtra Metro Rail Corporation Limited (MAHA-Metro) for Pune Metro Rail Project.
Under the One Nation One Card initiative by the Ministry of Housing and Urban Affairs (MoHUA), the One Pune card will enable seamless digital payments not only at metro stations but will also enable retail shopping and purchases.
In line with the e-governance initiatives, the Bank will provide the commuters with a seamless, digital ticketing experience that can be accessed through multiple digital touchpoints like mobile app, dedicated customer portal and WhatsApp. The ‘One Pune’ card will streamline Pune citizens travel experience by eliminating the need for queueing for tickets at metro stations.
The ‘One Pune’ pre-paid card was unveiled by Shri Nitin Gadkari, Union Minister of Road Transport and Highways, Shri Devendra Fadnavis, Deputy Chief Minister of Maharashtra, Shri Ajit Pawar, Deputy Chief Minister of Maharashtra and Shri Chandrakant Patil, Pune’s Guardian Minister. Shri Shravan Hardikar, Managing Director MAHA-Metro was also present during the launch ceremony.
Mr. Parag Rao, Country Head – Payment Business, Consumer Finance, Technology and Digital Banking, HDFC Bank said, “HDFC Bank is delighted to launch ‘One Pune’ card which will provide a seamless travel experience. The card also eliminates the need to carry multiple cards for different services. The collaboration between HDFC Bank and Maha-Metro leverages the power of technology and innovation to enhance the daily lives of citizens, aligning with India’s vision of a digital-first future.”
The NCMC initiative underscores HDFC Bank’s commitment to innovation and its role in shaping the future of urban mobility in India. Commuters can get their prepaid cards by paying a one-time issuance fee of ₹150 and recharge it for usage in metro and other retail purchases.
Telugu super news,Pune, August 14, 2023: HDFC Bank, India’s leading private sector bank, announced the launch of ‘One Pune’ contactless pre-paid card in collaboration with Maharashtra Metro Rail Corporation Limited (MAHA-Metro) for Pune Metro Rail Project.
Under the One Nation One Card initiative by the Ministry of Housing and Urban Affairs (MoHUA), the One Pune card will enable seamless digital payments not only at metro stations but will also enable retail shopping and purchases.
In line with the e-governance initiatives, the Bank will provide the commuters with a seamless, digital ticketing experience that can be accessed through multiple digital touchpoints like mobile app, dedicated customer portal and WhatsApp. The ‘One Pune’ card will streamline Pune citizens travel experience by eliminating the need for queueing for tickets at metro stations.
The ‘One Pune’ pre-paid card was unveiled by Shri Nitin Gadkari, Union Minister of Road Transport and Highways, Shri Devendra Fadnavis, Deputy Chief Minister of Maharashtra, Shri Ajit Pawar, Deputy Chief Minister of Maharashtra and Shri Chandrakant Patil, Pune’s Guardian Minister. Shri Shravan Hardikar, Managing Director MAHA-Metro was also present during the launch ceremony.
Mr. Parag Rao, Country Head – Payment Business, Consumer Finance, Technology and Digital Banking, HDFC Bank said, “HDFC Bank is delighted to launch ‘One Pune’ card which will provide a seamless travel experience. The card also eliminates the need to carry multiple cards for different services. The collaboration between HDFC Bank and Maha-Metro leverages the power of technology and innovation to enhance the daily lives of citizens, aligning with India’s vision of a digital-first future.”
The NCMC initiative underscores HDFC Bank’s commitment to innovation and its role in shaping the future of urban mobility in India. Commuters can get their prepaid cards by paying a one-time issuance fee of ₹150 and recharge it for usage in metro and other retail purchases.
