Tag Archives: HDFC Bank

HDFC Bank has announced a scheduled system upgrade on July 13, 2024, which will temporarily affect its UPI (Unified Payments Interface) services. The bank aims to enhance its overall performance, capacity, and reliability through this upgrade, which will necessitate specific downtime periods for various banking services.

Poonawalla Fincorp, a leading financial institution, has announced the appointment of Arvind Kapil as its new Managing Director and Chief Executive Officer (MD & CEO), effective from June 24, 2024, for a five-year term. This decision comes following the retirement of Abhay Bhutada, who will transition to a non-executive director role within the company.

In response to regulatory directives to wind down its operations by March 15, Paytm Payments Bank, a key player in India's digital payment sector, is reportedly considering partnerships with major banks for Unified Payments Interface (UPI) transactions.

The Reserve Bank of India (RBI) has given its nod to the re-appointment of Sashidhar Jagdishan as the Managing Director and Chief Executive Officer (CEO) of HDFC Bank, extending his tenure for three more years, from October 2023 to October 2026.