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HDFC Bank to offer Digital Loans against mutual funds: Report

24 May 2018 Evaluate

HDFC Bank has reportedly tied up with Computer Age Management Services (CAMS), a registrar and transfer agent, to offer Digital Loans against Mutual Funds. These loans are available only for Indian residents and for portfolios that have individual holdings. 

The facility is open for all HDFC Bank customers who hold assets in at least one of the ten mutual fund houses registered with CAMS. 

HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.


Peers
Company Name CMP
HDFC Bank 692.30
ICICI Bank 1394.00
Axis Bank 1214.70
Kotak Mahindra Bank 461.00
Indusind Bank 840.00
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