HDFC Bank Ltd.

HDFC Bank, leading private sector lender has launched one family, one bank, zero balance account as a special gift for NRIs and their families on Onam festive season. The bank will offer this zero balance account to resident family members of NRIs, who open NRE & NRO accounts on or before September 15. With this initiative, NRIs can seamlessly transfer funds to their family members’ account. At present this offer is presented only in Kochi city branches and will be extended to other regions in Kerala in the future. 

The bank has registered a jump of 30.64% in its net profit at Rs 1417.39 crore for first quarter ended June 30, 2012 as compared to Rs 1084.98 crore for the same quarter in the previous year. Total income of the bank has increased by 34.36% at Rs 9536.91 crore for Q1FY13 as compared Rs 7098.00 crore for the corresponding quarter previous year.