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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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