HDFC agents to stop mobilising government funds

MUMBAI: HDFC Bank, the largest private sector lender in India, has sent a mail to its agents informing them that effective July 1 they should stop mobilising fixed deposits and current account, savings account (CASA) funds from govt entities. The decision comes close on the heels of the bank paying Rs 45 crore incentive to MSRDC for fixed deposit mobilisations, a move that is currently under regulatory lenses.

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