Updated Mar 12, 2021 | 14:23 IST
HDFC Bank said it will reimburse the cost of Covid-19 jabs for its 1 lakh employees and their dependent family members in a statement on Friday HDFC Bank to reimburse vaccination cost to 1 lakh employees, family members | Photo Credit: PTI
HDFC Bank on Friday announced that it will sponsor the inoculation of over 1 lakh employees of the bank and their immediate family members against coronavirus. The bank will reimburse vaccination cost for the two mandated doses.
Several big companies such as ICICI Bank, Flipkart, Infosys, Accenture and others have also announced similar plans as corporates join government efforts to administer Covid-19 jabs in order to ensure a safe working environment for the workforce.
ICICI Bank will acquire CityCash and Thillais Analytical Solutions for Rs 6.03 crore. CICI Bank to buy stakes in two fintech companies for Rs 6.03 cr
ICICI Bank on Tuesday said it will buy stakes in two fintech companies CityCash and Thillais Analytical Solutions for a total cash consideration of Rs 6.03 crore.
CityCash is a bus transit-focused payments technology company which provides ticketing system technology to state transport corporations.
Thillais Analytical Solutions operates a neo-banking platform Vanghee, which facilitates connected banking solutions for corporates and MSMEs, and helps banks deepen their customer relationships.
As per two separate deals entered by the bank on Tuesday, ICICI Bank will buy 5.40 per cent stake in CityCash for Rs 4.93 crore (Rs 49.34 million) and 9.65 per cent in Thillais Analytical Solutions Pvt Ltd for Rs 1.1 crore (Rs 11 million).
Shares of ICICI Bank rallied 6 per cent to hit a record high of Rs 568 on the BSE in intra-day trade on Monday after reporting strong December quarter (Q3FY21) results, with net profit increasing 19 per cent at Rs 4,940 crore, on steady revenue growth. The private sector lender had posted a net profit of Rs 4,146 crore in the quarter ended December 2019 (Q3FY20). The stock surpassed its previous high of Rs 561, touched on January 13, 2021.
The bank’s net Interest Income (NII) in the reporting quarter rose by 16 per cent at Rs 9,912 crore from Rs 8,545 crore in Q3FY20. Net Interest Margin for the reporting quarter declined to 3.67 per cent from 3.77 per cent in the year-ago quarter.