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    Question

    What initiative did HDFC Bank undertake following its

    Q4FY24 performance?
    A Launching a new credit card scheme for staffs Correct Answer Incorrect Answer
    B Implementing a staff training program Correct Answer Incorrect Answer
    C Offering discounted loan rates to staffs Correct Answer Incorrect Answer
    D Providing an ex-gratia payment to its staff Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Following an impressive Q4FY24 performance, HDFC Bank announced an ex-gratia payment of around Rs 1,500 crore to its staff. This decision was made as a gesture of appreciation for the employees' dedication during the merger with HDFC Ltd and to address attrition.

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