Categories: Banking

HDFC Bank to launch “SmartHub Vyapar programme” & ‘AutoFirst’ app

HDFC Bank has announced to launch the “SmartHub Vyapar programme” & ‘AutoFirst’ app the following two initiatives/application to give a digital push to small business loans. The financial institution has onboarded over 2.7 million retailers and is buying 100 thousand retailers each month. HDFC Bank has plans to onboard 20 million retailers in three years. More than half of the newly onboarded retailers solely function by means of the app platform.

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‘AutoFirst’ application:

The financial institution now clocks not less than ₹1,000 crores in service provider loans each month and is wanting to triple the run fee. HDFC Bank can even launch a utility ‘AutoFirst’ that may provide totally automated auto loans.

SmartHub Vyapar programme:

The SmartHub Vyapar programme for retailers will probably be launched quickly. It is an app that bundles all cost platforms – playing cards, UPI, QR code, faucet pay and SMS-based funds.

Important takeaways for all competitive exams:

  • HDFC Bank Headquarters: Mumbai;
  • HDFC Bank Founded: August 1994;
  • HDFC Bank CEO: Sashidhar Jagdishan;
  • HDFC Bank Chairman: Atanu Chakraborty.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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