The Mumbai police make HDFC Bank is prime vendor of salaries as it starts shifting 40k accounts to HDFC. An official from the Mumbai police has announced that the salaries of their personal will be e and deposited in HDFC Bank. During the reign of Ex-chief Minister Devendra Fadnavis, Axis Bank ok was the chosen vendor of the salaries. However, currently, all the accounts have been shifted to HDFC Bank.
In response to all these moves Amruta Fadnavis who is is is the vice president and corporate head at Axis bank and the wife of the Ex-chief minister Devendra Fadnavis has written a response on Twitter. Her response is defensive. In the last year, all the accounts were shifted to Axis Bank overnight and that is by Priyanka Chaturvedi should har doubtful thoughtful thoughts to it. Hence Amruta Fadnavis in her defense she said that the Axis Bank does not belong to her family. Last year the Axis Bank was one of the best banks in terms of facilities and technologies and hence, the Phadnavis-led government thought of establishing a 5 year MoU rightfully known as Memorandum of Understanding, with it. She has also called Priyanka Chaturvedi and opportunistic due to her shift of political preferences.
Whatever might be the political situations the truth is that now the HDFC Bank shall have the state’s most important accounts that are of the Mumbai police. This is indeed good news for the HDFC Bank as they are now trusted with the state’s biggest and most active chain of accounts. However, the crux of the news could be that HDFC Bank is in its great times if this goes well. The bank could have more such contracts that could help them gain a better position.