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Sep 30, 2012

Narayana Murthry to retire from HSBC Bank

N.R.Narayana Murthy, Co-founder of IT firm Infosys and the only Indian on board of UK Banking giant HSBC Holdings Plc will retire as its director on 31st December 2012. He had joined the board of the bank in 2008.

HDFC Bank shakes hand with PUNGRAIN

HDFC Bank has joined hands with Punjab Grains Procurement Corporation Ltd (PUNGRAIN) to facilitate payment to its commission agents spread over 350 mandis in Punjab.  For this project, HDFC Bank will install its Point of Sales (POS) machines in over 350 mandis to facilitate the payment to commission agents dealing in agriculture products. It said this initiative will facilitate faster payments to them and in turn will benefit farmers.