HDFC Bank has signed a Memorandum of Understanding (MoU) with Manipal Business Solutions (MBS), a fully owned subsidiary of Manipal Technologies (MTL).
Through this MoU, MBS will become a corporate business correspondent of HDFC Bank. MBS has a decade long financial inclusion experience and a network of over 230,000 SahiPay merchants that will further strengthen HDFC Bank’s presence in rural geographies, bridging the Bharat-India divide.
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.
