NO/MH/FC/MNN/INVEST/151/2016
Date :- 09/01/2017
To,
Caesar Pinto,
Nodal Officer (Mumbai),
HDFC Bank Ltd, 5th Floor,
Tower B, Peninsula Business Park,
Lower Parel (West)
Mumbai -400 013.
Sir,
Please find enclosed herewith letter of HDFC Bank, Kandivali (E), Mumbai-4000101 branch. Branch Manager has requested to accept lower rate of interest in this letter than what he had offered in the bid. Also find the communication of this office to concern HDFC Bank branch manager, refusing their request by explaining consequences of the same.
HDFC had participated in the bid meeting 21/11/2016. On the basis of official quotes given by your branch, we have remitted 108=00 crores as fixed deposit to your branch. We don’t understand how "technical error" as mentioned by your branch manager in his letter dated 02/12/2016, can be condone by customer. As per the procedure we had called bids for our investments. HDFC quoted highest interest rates. We placed our funds at your bank. This is Government organization and as you know under the scanning of CAG Audit. Due to any "technical error" mentioned by your branch manager at your end cannot put a government agency at loss. Hence you are requested to go through the papers carefully and set the grievance in a judicial manner.
Yours faithfully,
Sd/-
Finance Controller/MHADA
HDFC Bank customer support has been notified about the posted complaint.