HDFC Bank Ltd.
NEWS RELEASE HDFC Bank House,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.
HDFC Bank goes live with Bharat Bill Payment System
BBPS to be offered on Net Banking for customers
BBPS for non-customer, on mobile banking on the anvil
Mumbai, February 7, 2017: HDFC Bank has become one of the first banks in the
country to offer Bharat Bill Payment System (BBPS). The national level interoperable bill
payment system is now live on HDFC
Bank’s Net Banking for customers.
BBPS is a centralized system created by
NPCI involving Banks and non-Banks,
which allows agents to access bill
payments services in an interoperable
manner. Customers can now pay their
utility bills like electricity, gas and water
bills instantly without registering the biller.
HDFC Bank customers can avail of BBPS
after logging onto the Net Banking page.
Going forward, the Bank plans to make
this service available for non-customers as well. Furthermore, BBPS will also be
incorporated into HDFC Bank's Mobile Banking shortly.
Benefits:
No need to visit multiple multiple websites to make bill payments
No more issuing cheques
No need to register biller
“BBPS introduced by NPCI is a seamless payment platform that
offers speed and convenience to pay all types of bills. We are
happy to introduce this service to our customers and soon will be
available for non-customers as well. The interoperable bill
payment platform is an important addition to the suite of digital
banking we offer to our customers,” said Nitin Chugh, Country
Head – Digital Banking, HDFC Bank.
HDFC Bank Ltd.
NEWS RELEASE HDFC Bank House,
Senapati Bapat Marg,
Lower Parel,
Mumbai - 400 013.
About HDFC BANK
Promoted in 1995 by Housing Development Finance Corporation (HDFC), India's leading housing
finance company, HDFC Bank is one of India's premier banks providing a wide range of financial
products and services to its 37 million customers across hundreds of Indian cities using multiple
distribution channels including a pan-India network of branches, ATMs, phone banking, net banking
and mobile banking. Within a relatively short span of time, the bank has emerged as a leading
player in retail banking, wholesale banking, and treasury operations, its three principal business
segments.
The bank’s competitive strength clearly lies in the use of technology and the ability to deliver world-
class service with rapid response time. Over the last 22 years, the bank has successfully gained
market share in its target customer franchises while maintaining healthy profitability and asset
quality.
As of December 31, 2016, the Bank had a distribution network with 4,555 branches and 12,087
ATMs in 2,597 cities/towns.
For the quarter ended December 31, 2016, the Bank’s total income was INR 207.48 billion (Rs
20,748.3 crore) as against INR 182.83 billion (Rs 18,283.3 crore) for the quarter ended December
31, 2015. Net revenues (net interest income plus other income) were INR 114.51 billion (Rs
11,451.8 crore) for the quarter ended December 31, 2016, as against INR 99.40 billion (Rs 9,940.7
crore) for the corresponding quarter of the previous year. Net Profit for the quarter ended
September 30, 2016, was INR 38.65 billion (Rs 3,865.3 crore), up by 15.1% over the corresponding
quarter ended December 31, 2015.
Total income for the year ended March 31, 2016, was INR 709.73 billion (Rs 70973.2 crore).
Leading Indian and international publications have recognised the bank for its performance and
quality.
For more information please log on to: www.hdfcbank.com
For media queries please contact:
Rajiv Banerjee
Vice President, Corporate Communications
HDFC Bank Ltd., Mumbai.
Tel: 91-22-66521307(D)/66521000(B)
Mobile: 09920454102
rajivshiv.banerjee@hdfcbank.com
