The Reserve Bank of India (RBI) has thrown open the government agency business like tax collection to scheduled payment banks and scheduled small finance banks (SFBs). This is part of move to provide further scope to private banks to conduct government ...

The Asian Development Bank (ADB) has approved a $112 million loans for Assam to strengthen skill education and training through the establishment of Assam Skill University (ASU). The Loan will create a path for skill development to enhance the productivity and competitiveness of Assam’s ...

Axis Bank is working with new digital services from provider Swift to provide a comprehensive digital solution to clients. The bank is integrating with different digitization initiatives by government bodies and service providers to extend an end-to-end service to business clients. ...

Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7% from 10% but left the 2022 growth forecast unchanged at 7.5%. The inflation forecast of developing Asia was revised to 2.1%  for 2021 and unchanged at 7% for 2022. ...

Bank of Baroda (BoB) has launched a solution for digital banking payments, named bob World Wave. Wearable technology is seeing tremendous interest across the globe and lenders are using this opportunity to adopt a more convenient and cashless digital payment system. This is an ...

Asian Development Bank said it has approved a Rs 2,644.85 crore (USD 350 million) loan for India to help improve its urban services. The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and ...

Federal Bank has joined hands with India's first standalone health insurance company, Star Health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products for the Bank's 8.90 million customers spread over 1,291 banking outlets across the ...

Bank of Maharashtra (BoM) has tied up with the National Payments Corporation of India (NPCI) to launch its first RuPay credit card titled as ‘BOM Platinum RuPay Contactless Credit Card’. It offers 100 reward points as a welcome benefit to users on their first retail spending ...

Shivalik Small Finance Bank (SSFB) signed a partnership agreement with fintech firm, Indiagold to launch India’s first Loan against Digital Gold. Digital gold is an affordable medium to own and save with gold without the trouble of physically handling and storing the asset, ...

Karnataka Vikas Grameena Bank (KVGB), a regional rural bank headquartered in Dharwad, has signed a memorandum of understanding (MoU) with Liberty General Insurance for selling general insurance products through 629 branches of KVGB. The company will provide a variety of general health insurance ...