Tag: banking news

Finance

HDFC Bank Unveils Festive Treats 2025 with Over 10,000 Exclusive Offers Nationwide

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Written by Intern Queeny George M.H , Team Allycaral

HDFC Bank, India’s leading private sector bank, has launched its highly anticipated Festive Treats 2025 campaign, setting the tone for the country’s bustling festive shopping season. With over 10,000 offers rolled out across a spectrum of banking and financial services including credit cards, personal loans, PayZapp, and EASYEMI, the campaign is designed to deliver value, convenience, and smart spending options to customers across India.

Announcing the campaign, Mr. Parag Rao, Country Head – Payments, Liability Products, Consumer Finance and Marketing, HDFC Bank, said, “As the country begins to wrap itself in festive delights, we bring to our consumers myriad offers that provide tangible value. Festive Treats is our annual property that drives demand and supports consumption patterns of the country by giving our customers opportunities to optimise their savings on festive spends.”

Mr. Ravi Santhanam, Group Head and CMO, Head – Direct to Consumer Products, HDFC Bank, added, “A multi-year franchise, Festive Treats is like a clarion call for the festive season. We bring these curated offers to our customers through our strong physical and digital footprint. By rolling out Festive Treats in phases from Onam through to Diwali with hyperlocal activations, we will ensure that the offers are not only compelling but also deeply relevant to local communities.”

The scale of the campaign is unmatched, with HDFC Bank planning over 37,000 on-ground activations at retail hubs, residential societies, and corporate offices to ensure the offers reach customers where they are. The bank will leverage its vast network of 9,499 branches, 21,251 ATMs, and more than 600,000 merchant and dealer touchpoints across India. The campaign reflects HDFC Bank’s commitment to driving financial accessibility and retail growth during India’s biggest shopping season.

As customers prepare for celebrations, gifts, and home improvements, Festive Treats 2025 arrives as the perfect partner in making those dreams affordable and rewarding.

Human Interest

SBI to Temporarily Suspend UPI Services on August 6 Due to Maintenance

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Mumbai | August 5, 2025 — The State Bank of India (SBI) has officially announced a temporary suspension of UPI services on August 6, 2025, citing scheduled maintenance and system upgrades.

This means that customers using SBI’s YONO, YONO Lite, BHIM SBI Pay, or any third-party UPI apps linked to SBI accounts may face disruption in services such as money transfers, QR payments, and bill payments.

SBI’s Official Statement:

“We regret the inconvenience caused and appreciate your understanding as we work towards improving our digital infrastructure.”

What You Should Do:

  • Complete urgent transactions before August 6
  • Keep alternative payment methods ready
  • Avoid relying solely on UPI during the downtime

This proactive measure comes as part of SBI’s ongoing efforts to upgrade its systems and enhance user experience. No timeline has been shared for the restoration yet, but normal services are expected to resume within the day.

📖 Stay updated at allycaral.com

Business

HDFC Bank CEO Sashidhar Jagdishan Moves Supreme Court Over “Frivolous” FIR by Lilavati Hospital Trustees

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New Delhi/Mumbai: In a high-profile legal face-off, HDFC Bank’s Managing Director and CEO, Sashidhar Jagdishan, has moved the Supreme Court of India challenging an FIR filed against him by the trustees of Mumbai’s prominent Lilavati Hospital.

The complaint, which Jagdishan has termed “frivolous and malicious”, stems from an ongoing dispute involving pending payments that the hospital reportedly owes to the bank. Jagdishan’s legal counsel, Senior Advocate Mukul Rohatgi, told the Supreme Court that the FIR had no legal foundation and was merely an attempt to apply pressure during financial recovery proceedings.

“The FIR is nothing but a pressure tactic, meant to intimidate the bank and its officials because they are trying to recover dues lawfully,” Rohatgi said during the hearing.

According to sources familiar with the case, HDFC Bank had issued multiple reminders and initiated standard recovery procedures regarding the hospital’s financial obligations. In response, the hospital trustees reportedly lodged an FIR implicating Jagdishan, which includes allegations that legal experts have described as tenuous and retaliatory in nature.

Rohatgi also expressed frustration that despite multiple attempts, the matter was not taken up by any of the three benches of the Bombay High Court, leaving Jagdishan with no option but to approach the apex court.

The Supreme Court is now expected to consider whether the FIR amounts to harassment and whether it should be quashed or stayed. Legal experts are closely watching the case, as it could set a precedent in disputes involving banks and institutional borrowers, especially in matters of alleged retaliatory legal actions.

The outcome of this case could have significant implications for corporate governance, bank-client relations, and the limits of legal redress in commercial disputes.