Bank Current Affairs 2019 | Page 52 of 57 | Gkseries.com

ESAF Bank join hands with Nabard for local economic development

Esaf Small Finance Bank has joined hands with Nabard for local economic development. K. Rajan, the State Revenue Minister inaugurated the state-level Local Sustainable Economic Development Training Program organized by the bank in this regard. ESAF Small Finance Bank’s state-wide initiative on Local Sustainable Economic Development Training Program in collaboration with NABARD is a step towards building financial literacy at […]

ESAF Bank join hands with Nabard for local economic development Read More »

Bandhan Bank appoints Zubeen Garg as brand ambassador in Assam

Bandhan Bank has appointed Indian singer, actor, and composer, Zubeen Garg as its brand ambassador for the Bank in Assam. This is the first time ever that Bandhan Bank has onboarded a brand ambassador. Bandhan Bank has also lauched a brand-new music video by Zubeen, titled ‘Axom Amaar Mone Praane‘. It highlights the diverse elements of Assamese culture and heritage. The song and

Bandhan Bank appoints Zubeen Garg as brand ambassador in Assam Read More »

Bank of Baroda signs MoU with NCDEX e-Markets

India’s premium public sector bank, Bank of Baroda (BoB), on November 2 announced the signing of a Memorandum of Understanding (MoU) with NCDEX e Markets Ltd (NeML), to become a ‘clearing bank’ for the online, commodities’ market place and procurement platform. NEML, a wholly-owned subsidiary of agricultural commodity exchange, NCDEX, is an online commodities spot market and services company. The

Bank of Baroda signs MoU with NCDEX e-Markets Read More »

Axis Bank signs MoU with Indian Navy for salary accounts

Axis Bank has signed an MoU with the Indian Navy, offering a defence Service Salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative. The benefits include a personal accidental cover of up to ₹56 lakh to all navy personnel, veterans, and cadets. Also, additional up to ₹8 lakh children education grant; total permanent disability cover benefit

Axis Bank signs MoU with Indian Navy for salary accounts Read More »

ADB approves $250 million loans for India’s National Industrial Corridor Development Program (NICDP)

The Asian Development Bank (ADB) said it has approved a USD 250 million (about Rs 1,875 crore) loan to support India’s National Industrial Corridor Development Program (NICDP). This is the first subprogram of the programmatic USD 500 million loans to develop 11 industrial corridors spanning 17 states, the multi-lateral agency said in a statement. India’s

ADB approves $250 million loans for India’s National Industrial Corridor Development Program (NICDP) Read More »

CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank

The Competition Commission of India (CCI) has approved the acquisition of 4.99 percent shareholding in HDFC ERGO General Insurance Company (HDFC ERGO) by HDFC Bank. The Proposed Combination involves the acquisition of 4.99% of the outstanding equity share capital of the Target by the Acquirer from Housing Development Finance Corporation (HDFC). HDFC ERGO General Insurance

CCI approves acquisition of 4.99% stake in HDFC ERGO by HDFC Bank Read More »

India and ADB inks $4.5 million project readiness financing loan to support urban mobility in Mizoram

The Government of India and the Asian Development Bank signed a $4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of the northeastern state of Mizoram. The project will support preparation and design activities to improve urban mobility in Aizawl, the capital city

India and ADB inks $4.5 million project readiness financing loan to support urban mobility in Mizoram Read More »

AU Small Finance Bank launches soundbox for payment alerts

AU Small Finance Bank unveiled a sound box that will provide instant voice-based payment alerts to merchant partners. The QR Code SoundBox is aimed at enhancing the bank’s reach in digital payments, AU Small Finance Bank said in a statement. The soundbox is a portable speaker that is equipped with a dedicated SIM slot for data connectivity, which

AU Small Finance Bank launches soundbox for payment alerts Read More »

Bharti AXA sign Bancassurance Partnership with Utkarsh Small Finance Bank

Bharti AXA Life Insurance on October 21 announced its bancassurance partnership with Utkarsh Small Finance Bank Limited (USFBL) for the distribution of life insurance products through the bank’s network of branches across the country. This partnership will enable the Bharti AXA life to reach Tier II and Tier III markets with insurance solutions and increase the

Bharti AXA sign Bancassurance Partnership with Utkarsh Small Finance Bank Read More »

RBI imposes ₹1 crore penalty on Paytm Payments Bank

The Reserve Bank of India has imposed a penalty of 1 crore on Paytm Payments Bank for violating provisions of Payment and Settlement Systems Act 2007 and ₹27.78 lakh on Western Union Financial Services for non-compliance with certain directions. The central bank noted that Paytm payments bank’s application seeking the issue of the final certificate of authorization did not reflect its factual

RBI imposes ₹1 crore penalty on Paytm Payments Bank Read More »