MoneyWorks4Me

HDFC Bank enters into partnership with NPCI: Report

07 Dec 2013 Evaluate

HDFC Bank, the country’s second largest private sector bank has reportedly entered into partnership with the National Payments Corporation of India (NPCI) to introduce eKYC (electronic Know Your Customer) norms in its branches. Further, the bank will install biometric readers for scanning fingerprints at most of its branches in a few months. This new eKYC procedure will allows a customer to walk in with an Aadhaar number and open an account by getting his fingerprint scanned.

HDFC Bank is one of India's premier banks providing a wide range of financial products and services to its 28.5 million customers across hundreds of Indian cities using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking. As of September 30, 2013, the Bank had a distribution network with 3,251 branches and 11,177 ATMs in 2022 cities/towns.

Peers
Company Name CMP
HDFC Bank 711.20
ICICI Bank 1313.90
Axis Bank 1225.90
Kotak Mahindra Bank 417.60
Indusind Bank 892.25
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