Bank of Baroda (BoB) has launched the ‘Baroda Tiranga Deposit Scheme’, a special retail term deposit product that offers interest rates of 5.75% for 444 days and 6% for 555 days. This scheme is applicable on retail deposits below ₹2 crore and remain in force till ...

The State Bank of India (SBI) has introduced a unique term deposit programme called "Utsav Deposit." This fixed deposit scheme has higher interest rates and is only available for a limited time. Under the Utsav Fixed Deposit Scheme, SBI is offering an interest rate of ...

The State Bank of India (SBI) will manage the Indian Visa Application Centre (IVAC) in Bangladesh for two more years. The agreement to extend the operations for two more years was signed between the officials of the SBI and the High Commission of India in Dhaka. ...

PNB Housing Finance has revamped its 'Unnati' loan portfolio to offer affordable housing loans of ₹9-12 lakh to target customers. PNB Housing has created a small vertical under Unnati which will be different from existing ₹18-19 lakh as affordable housing loans. In ...

Axis Bank becomes the first Indian bank to launch Axis Receivables Suite (ARS), an innovative Cash Management proposition. Aim: Simplifies Receivables reconciliation, accelerates cash flow, enhances the client experience and reduces the cost of doing business. ARS is ...

According to State Bank of India’s economic research report “Ecowrap”, India’s home loan market is currently valued at about ₹24 lakh crore and it is expected to double (₹48 lakh crore) in the next 5 years. The share of ‘Housing Loans’ in ‘Bank Credit’ has increased to 14.4% ...

IDFC FIRST Bank and LetsVenture have partnered to support the startup ecosystem by providing curated products and solutions to startups (founders and investors). IDFC FIRST Bank provides customised solutions to start-ups under its FIRST WINGS programme. With this, it makes ...

YES Bank has joined hands with IBSFINtech (TreasuryTech Solution provider) to explore digital services for corporate clients. This partnership will strengthen the corporate treasury ecosystem with a strong decision-making tool and automated workflows. It ...

RBI has cancelled the licence of Rupee Co-operative Bank Ltd, Pune, will be effective after six weeks (September 22, 2022). Reason: The bank is unable to pay its present depositors in full (capital inadequacy). It does not comply with the provisions ...

The Reserve Bank of India (RBI) proposed to allow non-resident Indians (NRIs) to make utility, education and other bill payments on behalf of their family members living in India. The payments will be processed through Bharat Bill Payment System’s (BBPS) cross-border inward bill ...