HDFC Bank Current Affairs - 2019

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HDFC Bank launches interactive humanoid IRA 2.0 in Bengaluru

HDFC Bank has launched Interactive Robotic Assistant (IRA) 2.0, an interactive humanoid at its Koramangala Branch in Bengaluru, Karnataka. The interactive humanoid aims to enhance user experience for customers visiting in this branch.

IRA 2.0

HDFC Bank has developed IRA 2.0 in collaboration with its technology partners Invento Makerspaces and Senseforth Technologies.  IRA 2.0 is more advance than first version IRA 1.0. It is blend of IRA 1.0 and Electronic Virtual Assistant (EVA), HDFC’s virtual bank assistant with some added features. It can interact customers, answer their bank-related queries, frequently asked questions (FAQs) and also guide them inside branch with voice-based navigation. It design has incorporated learning from first version IRA 1.0 to meet customer expectations.

IRA 1.0

HDFC was first bank in India to introduce humanoid IRA 1.0 for customer service at Kamala Mills Branch in Mumbai in January 2o18. Currently, IRA 1.0 is stationed at Palarivattom Branch in Kochi. IRA 1.0 is GPS enabled indoor humanoid. It has speech recognition module that can be trained to understand what customers speak and uses ultrasonic sensor to move in inside branch. It has face detection algorithm for recognition customers.

Electronic Virtual Assistant (EVA)

Its virtual assistant launched by HDFC on Amazon Alexa and Google Assistant to enable simplicity and convenience of voice conversation to banking transactions. It makes HDFC first bank to offer voice banking experience on Alexa. It is integrated with bank’s chat engine EVA for natural language processing (NLP) to better understand customers’ queries.

Month: Categories: Business, Economy & Banking


Indian Army, HDFC Bank ink MoU on defence salary package

Indian Army has signed Memorandum of Undertaking (MoU) with HDFC Bank on the Defence Salary Package. It is renewed version first MoU signed between Indian Army HDFC Bank and in 2011 and renewed in March 2015. The current MoU is tailor made to suit requirements of serving soldiers, pensioners and families.

Key Facts

This MoU will benefit large number of serving and retired Indian Army personnel who are having their accounts with HDFC bank. It will also provide them an opportunity to access modern banking facilities.Under current MoU, Indian Army personnel will get other benefits like free personal accident death cover and free permanent disability cover of Rs 30 lakhs. The dependent child in case of accidental death of defence personnel will get free educational cover of upto Rs 1 Lakh per year for four years. They will also get 100% processing fees waived for Car Loans and Personal Loans.


Currently Indian Army has MoUs on Defence Salary Package with 11 public and private sector banks. These MoUs are considered for inception and renewal with banks on analyzing their utility and suitability to requirements of serving soldiers, pensioners and families.

Month: Categories: Business, Economy & Banking