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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.