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HDFC seeks shareholders nod for Esop, up share capital
Mortgage lender HDFC today sought shareholders' nod to increase the authorised share capital to Rs 350 crore and to consider an employees stock option scheme.
HDFC informed the exchanges that it will be holding a postal ballot to consider and to pass the resolution "to increase the authorised share capital from Rs 340 crore comprising 170,00,00,000 equity shares of face value of Rs 2 each to Rs 350 crore comprising 175,00,00,000 equity shares of face value of Rs 2 each."
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Axis Bank ties up with global payment network Earthport
Axis Bank today partnered with cross-border payment network Earthport on outbound payments, making it the first domestic lender to connect with Earthport's global payments network, which spans over 60 countries.
"We shall offer our customers faster remittances with complete transparency on the final amount and time taken to credit beneficiaries overseas with real-time end-to-end tracking," the bank's group executive member Sidharth Rath said.