Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
HDFC Bank has launched latest campaign ‘Vigil Aunty’ with an aim to promote safe banking habits among people. Anuradha Menon who plays the popular character of ‘Lola Kutty’ on television, will be the face of the ‘Vigil Aunty’ campaign. This campaign will run with the Bank’s popular ‘Mooh Band Rakho’ campaign, that urges people not to share their confidential banking information with others. […]
Karnataka Bank has launched a new Term Deposit Scheme, KBL Amrit Samriddhi under ACC and Fixed Deposit for a tenure of 75 weeks (525 days), will be available for a limited time. The interest rate for this Deposit Scheme is 6.10% per annum. With the new product, KBL Amrit Samriddhi, the bank has extended the benefit of increase in the
Karnataka Bank launches new Term Deposit Scheme KBL Amrit Samriddhi Read More »
Yes Bank has announced its partnership with SellerApp (a seller-centric intelligence platform) to adopt Open Network Digital Commerce (ONDC). This partnership will help them to expand their digital commerce footprint. ONDC is a strategic initiative of the Indian government with an aim to democratize the entire digital commerce space. The network is also being built as an alternative to e-tailers like Walmart-owned Flipkart and Amazon
Yes Bank partners with SellerApp to facilitate adoption of ONDC Read More »
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 December 31, 2022. Senior citizens will earn an additional interest rate of 0.50%, while non-callable deposits will get 0.15%
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 6.10% per annum on fixed deposits with a tenure of 1000 days. And senior citizens will be
State Bank of India launches Utsav fixed deposit scheme Read More »
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. The IVAC will also be starting a few additional services soon which include facilitation for
SBI to run Indian Visa Centres (IVAC) in Bangladesh Read More »
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 the June quarter, PNB HFC has already opened 10 more branches. PNB HFC: HQ: New Delhi MD &
PNB HFC increases its Unnati portfolio to offer affordable loans Read More »
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 an end-to-end proposition to automate the reconciliation of receivables against sales invoices raised by clients. Benefit for Clients: Know about payments, real-time control over
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% in June 2022 from 13.1% in March 2020. The total home loan portfolio
India’s home loan market expected to double in 5 years: SBI report Read More »
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 IDFC FIRST Bank a preferred banker to all startups on LetsVenture’s Scalix. LetsVenture’s Scalix is a newly launched platform that
IDFC FIRST Bank joins hands with LetsVenture to support startups Read More »
