HDFC reports CSR spend of Rs 945.31 cr for FY24, spike of Rs 125 cr
HDFC’s CSR programme, Parivartan, has been active for over a decade and its initiatives, spread across 28 states and eight Union Territories, have impacted over 10 crore lives.
HDFC’s CSR programme, Parivartan, has been active for over a decade and its initiatives, spread across 28 states and eight Union Territories, have impacted over 10 crore lives.
HDFC Bank shares ended with a loss of 4.50%, dragging the key indices most after the company's June-quarter business updates showed a sequential fall in advances and deposits.
The HDFC Bank informed its customers that it will stop sending SMS alerts for any UPI spend below Rs 100 or receipt of money less than Rs 500.
In FY 2023-24, 170 social start-ups received funding via 41 incubators, with a total of Rs 19.6 crore in the ‘Parivartan Start-up Grants programme.’
Bank’s advances inched up 1.6% from Rs 24.69 trillion at the end of December 31, 2023 (Q3 FY24).
It was a wild, volatile and eventful week which got extended into Saturday as well. Expiry happened on February 29, which was a leap day and till that event was over, markets were trading in negative territory for the week.
Post this report, the shares of HDFC Bank gained nearly 1 per cent to Rs 1,424 per share on Friday.
Parivartan runs several social interventions across the state through its five pillars: Rural Development, Promotion of Education, Skill Training & Livelihood Enhancement, Healthcare & Hygiene, and Financial Literacy & Inclusion.
The country’s leading bank ranked 2nd in Advances and tops in MSME Advances.
On inspection, the police found that the ATM of the HDFC Bank was cut open by a gas cutter. The bank informed the police that the ATM contained a cash amount of little over Rs 5 lakh, the officer added.