November 15, 2024 04:29 (IST)
Mumbai, June 30 (IBNS): HDFC Bank Ltd., on Thursday launched SM Bank, full-fledged digital banking service for small-and medium enterprises (SME). This will allow clients to access a complete suite of services instantly and round-the-clock on the device of their choice, be it a desktop, laptop, tablet or mobile.
This facility does away with the need to call relationship manager or visit a branch, thereby saving considerable time and effort for the customer. Needless to say, this is totally secure.
The facility will be available to existing customers.
SM Bank is the second leg of the ‘Bank AapkiMutthi Mein’ campaign that was launched for the Bank’s retail customers in December 2014 at Varanasi. With this, HDFC Bank now brings the benefits of digitisation to its corporate clients, starting with SMEs.
"This is path-breaking. We believe that this will transform the way SMEs bank today. At the heart of it is speed, convenience, transparency and predictability. Entrepreneurs can utilise the time saved to focus on their core business without having to worry about their banking needs. This will improve their efficiency and productivity. Given the contribution these people make to the country’s GDP and employment creation, this is significant," Aseem Dhru, Group Head - Business Banking, HDFC Bank Ltd said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Rapido GOV grows 2.5x in Q2FY25, loss narrows to 17 cr Fri, Nov 15 2024
Reliance, Viacom 18, Walt Disney complete merger, creating India’s largest integrated media platform Fri, Nov 15 2024
Hero MotoCorp Q2FY25 profit rises 14% YoY to Rs 1,204 cr Thu, Nov 14 2024
Small women entrepreneurs from Northeast participate in empowerment bootcamp by US Consulate in Kolkata Thu, Nov 14 2024
Boeing to layoff 10% workforce to boost efficiency but risks losing top talent: Report Thu, Nov 14 2024
Continuous FPI sell-off drives Rs 27,680 crore outflow from Indian equities in November Thu, Nov 14 2024
Piyush Goyal calls on companies to lower prices to boost consumption Thu, Nov 14 2024
Piyush Goyal says RBI should definitely cut interest rates; central bank's governor responds Thu, Nov 14 2024
Bitcoin surges past $93,000 amid Trump's pro-crypto stance Thu, Nov 14 2024