HDFC Bank's Rs 1,500 crore ex-gratia a gesture of employee appreciation
Business Standard -

Following an impressive Q4FY24 performance, HDFC Bank announced an ex-gratia payment of around Rs 1,500 crore to its staff. The bank’s decision came as a gesture of appreciation for the employees’ dedication during the merger with HDFC Ltd as well as address attrition, said Sashidhar Jagdishan, the managing director & chief executive of the largest private sector lender.The lender, which announced its January-March earnings on Saturday, reported a 37.1 per cent growth in net profit, boosted by a...

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