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HDFC warns customers against cryptocurrencies transactions

HDFC warns customers against cryptocurrencies transactions

Leading private lender HDFC Bank has started cautioning its customers against dealing in cryptocurrencies such as Bitcoin, Ethereum, and others, according to emails sent by the bank. Reports suggest that these emails were sent to a specific group of customers, enquiring about the process of transaction or advice against such transactions, citing the 2018 circular issued by the RBI (DBR.No.BP.BC.104 /08.13.102/2017-18 dated 6 April 2018), which was later struck down by the Supreme Court. The circular, DBR.No.BP.BC.104 /08.13.102/2017-18 dated 6 April 2018, had advised banks to exercise due diligence by closely monitoring transactions carried out in the account regularly. Cryptocurrencies…
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HDFC Bank’s “Mooh Band Rakho” campaign conducts 1,000 workshops

HDFC Bank’s “Mooh Band Rakho” campaign conducts 1,000 workshops

Guwahati, March 22, 2021: HDFC Bank’s “Mooh Band Rakho” campaign about safe banking practices successfully conducted its 1,000th workshop this March. The bank had launched a 360-degree campaign in November 2020 to educate people about Cyber Frauds and Secure Banking ways to counter online fraud. The bank leveraged print and digital medium to reach over 7 crore individuals. General public appreciated the online leg of the campaign which allowed them to evangelize the message with artificial reality filters launched by the bank. The workshops were conducted for a host of audiences ranging from Law Enforcement Agencies, Senior Citizens, Channel Partners,…
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