In Short : HDFC Bank’s CSR initiative, Parivartan, aims to bring solar power to 1,000 villages by 2025, empowering rural communities with clean energy. The project has already installed over 61,655 solar streetlights across 22 states. Alongside infrastructure, HDFC Bank launched “Solar Shiksha” to raise awareness about solar energy adoption, addressing knowledge gaps and simplifying […]
HDFC Bank raises $300 million via maiden sustainable finance bond issue – EQ
In Short : HDFC Bank has raised $300 million through its inaugural sustainable finance bond issue. This move reflects the bank’s commitment to sustainable financing practices, contributing to environmentally and socially responsible projects. The funds raised are likely to support initiatives aligned with environmental, social, and governance (ESG) criteria. In Detail : The proceeds of […]
BYD India Signs MOU with HDFC Bank for its Dealer Finance – EQ Mag Pro
MOU will strengthen the financing facility of BYD Dealer Network for managing inventory of electric cars Chennai, India : BYD India Private Limited, a subsidiary of the Warren Buffett-backed world’s leading New Energy Vehicle manufacturer BYD, today signed an MOU with the country’s largest private bank HDFC Bank towards stock financing solution to its pan […]
HDFC Bank to Give Loans for EVs, Solar Rooftops as Part of Strategy For Carbon Neutrality
The bank plans to turn carbon-neutral over the next 10 years. In terms of operations, the bank plans to decrease absolute emissions and energy consumed in from the current level of 315,583 million tonne CO2 emissions, increase rooftop solar capacity in large offices and convert 50 percent of its total sourced electricity to renewable energy. […]
HDFC Bank commits to becoming Carbon Neutral By 2031-32
Lucknow: HDFC Bank on Thursday announced plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. The Bank will continue to incorporate and scale up the use of renewable As part of its ESG strategy, the Bank will also focus on […]
Moody’s cuts outlook on SBI, HDFC Bank, Infosys, many other Indian firms
The rating outlooks for Bank of India, Canara Bank, Syndicate Bank and Union Bank of India are maintained at stable. Moody’s Investors Service on Friday took rating action on 11 Indian financial institutions (FIs), eight non-financial corporates and eight sovereign-linked Indian infrastructure companies, a day after it changed the outlook on India’s Baa2 sovereign rating […]