28
Wednesday
October 2020
10:10 PM IST
News Headlines
AC Milan's perfect start ends with 3-3 draw with Roma        Feels surreal, says Varun Chakravarthy on his surprise India call-up        Rohit unlikely as Mumbai and RCB aim to secure play-off berth        Vistara to start flights to Bangladesh from Nov 5 under air bubble pact        Sharing best practices, knowledge among SCO members to help startups: Goyal        Taiwan says new arms purchases to boost credible defence        President Donald Trump ahead of Joe Biden by 5 points in Texas: Poll        Pak to strengthen ties with Afghanistan: PM Imran        Loan moratorium: Lenders to credit interest on interest' to borrowers by Nov 5, Centre tells SC        Man attacks TV actress with knife in Mumbai        Polls open in first phase of Bihar elections        After over 3 months, less than 40k COVID cases reported in single day across country: Govt data        India, US ink defence pact; Pompeo says US stands with India, mentions killing of Indian soldiers        'Dynastic corruption' growing challenge for the country: PM Narendra Modi        Former Union Min Dilip Ray gets three-yr jail in coal scam case        Bihar assembly election Campaign ends for first phase        Kerala CM writes to counterparts in Maha, TN        COVID 19: Kerala registers 7,101 recoveries, 20 deaths        Govt announces financial package for rejuvenation of KSRTC        COVID-19 vaccination to begin in Venezuela Around April - President Maduro        
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Business News
Your jobs, increments, bonuses are secure: Puri to HDFC Bank employees
 
Mumbai, Oct 6 (PTI) HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has assured employees of the country's largest private sector lender that their jobs and bonuses are secure.

Even as the COVID-19 pandemic rages on, Puri, who retires later this month, said the bank is doing well, has sufficient capital and does not have any strain in the loans that it has made. He also hinted that the bank may post a strong set of quarterly numbers in the recently ended July-September period and quarters ahead as well.

The COVID-19 pandemic has resulted in job losses, especially in the organised sectors, as businesses suffered due to economic activity coming to a halt in lockdowns. HDFC Bank and its private sector competitors have met hikes and bonuses commitments since the start of the pandemic.

"Not only are your jobs secure, your increment is also secure. Your bonus and your promotion are secure," Puri told over 1.15 lakh employees of the bank, in a video message last week.

Puri, who has led the bank for over 25 years since its inception, said he is giving the assurance on behalf of the management team including his successor Sashidhar Jagdishan.

"The bank is doing well. We have all the capital that we need. Our portfolio is not under strain. We are aggressively using our distribution and technology advantage," he said.

He urged employees to work as a team, follow the vision the lender has set out for itself and beat competition.

Puri was speaking ahead of the launch of festive offers by the lender in its second edition.

Competing banks have also launched similar aggressive offerings, eyeing larger share of transactions amid slowing consumption.

He said the bank has not accepted defeat in the face of the coronavirus outbreak and delivered good results for two quarters, and added that projections for the upcoming quarters also say the same.

Asking the employees to share messages about the festive offers on their social media handles and promised a 10-minute video chat with the employee securing the highest number of 'likes' on a post.


Vistara to start flights to Bangladesh from Nov 5 under air bubble pact
Sharing best practices, knowledge among SCO members to help startups: Goyal
Cathay Pacific cuts 8,500 jobs, shutters regional airline
Asian shares rise after Wall Street gains on solid earnings
HDFC Bank Q2 net profit rises 16% to Rs 7,703 cr
Brexit trade talks: both EU and UK dig in heels
Sensex declines over 200 pts in early trade; Nifty tests 11,900
Apple unveils new iPhones for faster 5G wireless networks
Vedanta plummets over 24 pc after delisting fails
Govt to give cash vouchers to staff in lieu of LTC this year: FM
Govt to facilitate renewal of international driving licence for citizens who are abroad
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Japan seeks to boost catch limits of prized bluefin tuna
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States should stand firm, reject Centre's options on GST compensation cess: Chidambaram
Asian shares rise on optimism about Trump's recovery
Vodafone lenders approve merger of Indus Towers with Bharti Infratel
Flipkart partners Paytm for festive sale
Markets mixed after Trump-Biden debate; data lifts China
KERALA NEWS
Kerala CM writes to counterparts in Maha, TN
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COVID 19: Kerala registers 7,101 recoveries, 20 deaths
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Seaplane to be used for flights between Sabarmati riverfront, Statue of Unity reaches Kochi
INTERNATIONAL NEWS
Taiwan says new arms purchases to boost credible defence
 Taipei, Oct 27 (AP) Taiwan said Tuesday that proposed US sales of missiles and other arms systems wi
President Donald Trump ahead of Joe Biden by 5 points in Texas: Poll
Pak to strengthen ties with Afghanistan: PM Imran
COVID-19 vaccination to begin in Venezuela Around April - President Maduro
NATIONAL NEWS
Loan moratorium: Lenders to credit interest on interest' to borrowers by Nov 5, Centre tells SC
 New Delhi, Oct 27 (PTI) The Centre has informed the Supreme Court that lenders have been directed to
Man attacks TV actress with knife in Mumbai
Polls open in first phase of Bihar elections
Former Union Min Dilip Ray gets three-yr jail in coal scam case
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