HDFC Bank expands foreign exchange offering in Andhra Pradesh and Telangana

Hyderabad:HDFC Bank Ltd., has expanded its foreign exchange offering in Andhra Pradesh and Telengana. The expanded range of offering, including foreign exchange in 20 currencies and Hajj Umrah ForexPlus card is aimed at meeting requirements of Hajj pilgrims, customers as well as businesses. Pilgrims can use this card to make all payments during the pilgrimage in a convenient and secure manner, and avoid carrying Saudi Riyals in cash. The card can be used to withdraw money from ATMs as well.  HDFC Bank has also partnered with merchants to offer exclusive deals and offers for pilgrims using this card.
Customers can avail foreign exchange and Hajj Umrah ForexPlus card through bank’s network of 142 branches in Andhra Pradesh, 201 branches in Telangana, and conveniently on the Netbanking portal. Through this initiative, the bank is reaching out to pilgrims in Andhra Pradesh, Telengana as well as in other states across India who are expected to make the annual pilgrimage. With Hajj Umrah card, the pilgrims will be able to meet all their foreign currency needs in a swift and convenient manner.
The expanded foreign exchange offering includes:Hajj Umrah ForexPlus card with enhanced insurance cover and attractive offersForeign exchange in 20 currencies, thereby catering to customers’ wide-ranging requirements whether it is for Leisure, Business, Medical, or Import and ExportBranches equipped to help customers with Import Payments, Export Proceedings, FDI Inflows and External Commercial BorrowingsMulticurrency ForexPlus card offering the convenience of carrying up to 23 currencies on a single cardBusinesses can avail convenient Trade-on-Net services online for international trade
“We are constantly looking at ways in which our products and services can make a difference in people’s lives. With Hajj Umrah Forex card, we are offering pilgrims to Hajj and Umrah a customised product to suit their ever-evolving requirements. They can make payments in a safe and easy manner, and also avail of the exclusive deals offered on the card. Further, in addition to branches, we are also leveraging technology and digital banking platforms to give customers convenience to undertake forex transactions with just a click of a button,” said Mr. Madhusudan Hegde, Branch Banking Head – South, HDFC Bank.

About HDFC BANKPromoted in 1995 by Housing Development Finance Corporation (HDFC), India’s leading housing finance company, HDFC Bank is one of India’s premier banks providing a wide range of financial products and services to its 37 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. Within a relatively short span of time, the bank has emerged as a leading player in retail banking, wholesale banking, and treasury operations, its three principal business segments. The bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-class service with rapid response time. Over the last 23 years, the bank has successfully gained market share in its target customer franchises while maintaining healthy profitability and asset quality.
As of March 31, 2017, the Bank had a distribution network with 4,715 branches and 12,260 ATMs in 2,657 cities/towns.
For the quarter ended March 31, 2017, the Bank’s total income was INR 215.60 billion (Rs 21,560.7 crore) as against INR 188.62 billion (Rs 18,862.6 crore) for the quarter ended March 31, 2016. Net revenues (net interest income plus other income) increased by 21.1% to INR 125.01 billion (Rs 12,501.4 crore ) for the quarter ended March 31, 2017 as against INR 103.19 billion (Rs 10,319.2 crore) for the corresponding quarter of the previous year. Net Profit for year ended March 31, 2017 was 39.90 billion (3,990.1 crore), up 18.3%, over the year ended March 31, 2016.
Total income for the year ended March 31, 2017, was INR 816.02 billion (Rs 81,602.5 crore).
Leading Indian and international publications have recognised the bank for its performance and quality.
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