Bank Current Affairs 2019 | Page 41 of 57 | Gkseries.com

ICICI Bank ties up with Santander for India-UK business ease

ICICI Bank, one of India’s largest private sector banks, established a partnership with Santander Bank in the United Kingdom, aimed at making banking easier for businesses operating in both countries. The ICICI and Santander UK Plc signed a MoU in Mumbai to build a framework of partnership between the banks to satisfy the financial service needs of corporate clients operating along the […]

ICICI Bank ties up with Santander for India-UK business ease Read More »

HDFC Bank Launches ‘Xpress Car Loan’ Industry First Digital New Car Loan

Private sector lender HDFC Bank has launched a 30-minute ‘Xpress Car Loans’ for its existing customers as well as new customers. Buyers can apply for up to Rs 20 lakh and the loan amount will be credited to the dealers’ accounts within 30-minute. The bank has integrated its lending application with automobile dealers throughout India. It is

HDFC Bank Launches ‘Xpress Car Loan’ Industry First Digital New Car Loan Read More »

Indian Bank launches digital broking solution

Indian Bank has unveiled a digital broking solution named E-Broking, which allows customers to open a Demat and trading account. E-Broking is a strategic step toward a complete digitalisation of its offerings to customers. IndOASIS (mobile banking application) also offer a seamless experience from Demat and trading account opening to discounted broking services. This will help the bank to increase

Indian Bank launches digital broking solution Read More »

RBI raises repo rate by 40 basis points to 4.40%

The Reserve Bank of India (RBI) has raised the Repo rate by 40 basis points to 4.40% and the cash reserve ratio (CRR) by 50 basis points to 4.50%. Aim: To bring down the raised inflation to the desired level and tackle the impact of geopolitical tensions. Deposit rates and EMI on loans are likely to increase. The hike in CRR by 50 bps will

RBI raises repo rate by 40 basis points to 4.40% Read More »

Canara Bank & ASAP ties-up to launch skill loans

Canara Bank in association with the Additional Skill Acquisition Programme (ASAP) has launched ‘skill loans’. Under this facility, the loan is ranging from ₹5,000 to ₹1.5 lakh. This loan can be availed of by students who are pursuing skill training programmes which are offered by ASAP Kerala or any other Central or State government-recognised agencies. Collateral free loans will be provided to

Canara Bank & ASAP ties-up to launch skill loans Read More »

Neobank ‘Open’ becomes 100th Unicorn of India

Bengaluru-based neo banking startup titled ‘Open’ becomes the country’s 100th unicorn after raising $50 Mn from IIFL. Open operates neobank that offers small and medium-sized businesses as well as enterprises nearly all the features of the bank with additional tools to better serve the customer’s needs. Co-founder and chief executive of Open: Anish Achuthan The company is led by Google,

Neobank ‘Open’ becomes 100th Unicorn of India Read More »

Union Bank as first public sector bank to go live on the Account Aggregator framework

Union Bank of India became the first public sector bank to go live on the Account Aggregator (AA) ecosystem, the bank said on April 29, which facilitates sharing of financial information on a real-time basis between the regulated entities. Reserve Bank of India licensed Account Aggregator (AA) ecosystem in order to enable the flow of data between

Union Bank as first public sector bank to go live on the Account Aggregator framework Read More »

Bank of Baroda launches ‘bob World Gold’ new feature for senior citizens

Bank of Baroda has launched “bob World Gold”, a new feature on its bob World mobile banking platform for seniors and the elderly. It is a unique digital banking platform that has been designed to provide its senior customers with a simple, smooth and secure mobile banking experience. This platform has easy navigation, large fonts, sufficient spacing and clear menus.

Bank of Baroda launches ‘bob World Gold’ new feature for senior citizens Read More »

World Bank approves $47 Million for India’s Mission Karmayogi program

The World Bank has approved a USD 47 million financial support to the Government of India for the Mission Karmayogi, a national program to build civil service capacity. The loan of $47 million provided from the International Bank for Reconstruction and Development (IBRD) has a final maturity of 11 years, including a grace period of 4.5 years. Mission Karmayogi was launched by

World Bank approves $47 Million for India’s Mission Karmayogi program Read More »

World Bank provides USD 600 million in financial assistance to Sri Lanka

The World Bank will provide financial assistance to Sri Lanka of USD 600 dollars to meet the payment requirements for essential imports. Sri Lanka has also talked with the International Monetary Fund (IMF) for financial assistance, but the country needs 3 to 4 billion dollars in bridge financing to help meet its essential expenses. India has helped Sri Lanka by

World Bank provides USD 600 million in financial assistance to Sri Lanka Read More »