Bank Current Affairs

Kotak Mahindra Bank launches corporate customer platform fyn: Private lender Kotak Mahindra Bank on Tuesday launched Kotak fyn, a unified portal for corporate customers to track their payments, collections, trade and other services related to their bank accounts. The bank is also planning to introduce a new loan origination and management system that would digitize […]

Ajay Banga nominated  to lead World Bank: From Washington, US President Joe Biden has nominated former Mastercard CEO Ajay Banga to manage the World Bank, after current CEO David Malpass declared his intention to retire early.  Banga’s nomination comes amid a push for development lenders to revamp and address global problems like environmental issues more

Central Bank of India, Moneywise Financial Services tie up for MSME loans : Central Bank of India and Moneywise Financial Services Pvt Ltd (MFSPL) signed a co-lending agreement for lending to micro, small, and medium-sized enterprises (MSMEs). This partnership will help to expand the portfolio for both entities. The said loans would be subject to compliance with the applicable laws and

South Indian Bank ties up with Maruti for car financing: South Indian Bank has announced the signing of a MoU with Maruti Suzuki to provide dealer finance options and customised auto retail financing solutions for customers. With this tie-up, South Indian Bank aims to help dealer partners streamline vehicle inventory funding and offer comprehensive retail

World Bank chief steps down: David Malpass, the head of the World Bank, has announced his resignation almost a year early. He ending a tenure at the head of the development lender that was clouded by questions over his climate stance. The American Republican who had previously worked as Under Secretary of the Treasury for