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HDFC Bank’s arm launches 'E-Will' Writing Service

22 Jul 2014 Evaluate

HDFC Securities, a subsidiary of HDFC Bank, has launched ‘E-Will' Writing Service. This is a first-of-its-kind service in India and enables individuals to easily draw up a tenable Will online with help from a legal firm. The company has collaborated with a partner Legal Jini to offer this service.

A person can prepare a Will in an easy and hassle-free manner by registering on the Web site. However, this service would be extended to non-HDFC Bank customers later as preparation of Will is a critical part of financial planning in the financial life cycle of every individual.

The bank’s net profit for the quarter rose by 21.11% at Rs 2233.04 crore as compared to Rs 1843.86 crore for the quarter ended June 30, 2013. Its total income has increased by 12.79% to Rs 13070.65 crore for the quarter under review from Rs 11588.56 crore for the corresponding quarter of the previous year.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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