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SBI Bolsters Presence in GIFT City with Acquisition of Stake in CCIL IFSC SBI’s Strategic Move to Strengthen Its Position in GIFT City The State Bank of India (SBI) has made a significant strategic move by acquiring a stake in the Clearing Corporation of India Limited International Financial Services Centre (CCIL IFSC). This acquisition is…
Yes Bank Launches YES Grandeur: Elevating Banking for Elite Customers Yes Bank has recently introduced a premium banking proposition named YES Grandeur, aiming to cater to the discerning needs of elite customers. This initiative comes as a strategic move by Yes Bank to expand its services and enhance its clientele base. With YES Grandeur, the…
Banking Icon N. Vaghul Passes Away at 88 Banking industry veteran N. Vaghul, known for his significant contributions to the Indian banking sector, has passed away at the age of 88. His demise marks the end of an era in the realm of banking and finance in India. Vaghul’s illustrious career spanned several decades, during…
Bank of Maharashtra Leads PSU Banks in FY24 Business Growth Impressive Growth Figures The Bank of Maharashtra has outperformed its peers in the public sector undertaking (PSU) banking sector, achieving the highest business growth in the financial year 2023-24. The bank reported a remarkable increase in its total business, which includes both deposits and advances….
SBI General Unveils Surety Bond Bima for Infrastructure Projects In a strategic move to bolster the infrastructure sector, SBI General has introduced the Surety Bond Bima, aimed at providing financial security for infrastructure projects. This initiative comes at a crucial juncture, aligning with the government’s push for infrastructural development across the nation. The recent announcement…
RBI Approves Appointment of Pradeep Natarajan as IDFC FIRST Bank’s Whole Time Director The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as the Whole Time Director of IDFC FIRST Bank. This significant development comes as the bank continues to bolster its leadership team, aiming for enhanced growth and performance. Appointment…
SBI Raises Short-term Retail Fixed Deposit Rates Amidst Economic Shifts In a recent move amidst economic shifts, the State Bank of India (SBI) has decided to raise the interest rates on short-term retail fixed deposits. This decision comes in response to various economic factors influencing the banking sector. The new rates are expected to affect…
PhonePe Launches UPI in Sri Lanka in Partnership with LankaPay Introduction: In a significant move towards expanding its digital payment services beyond borders, PhonePe, India’s leading digital payments platform, has launched its Unified Payments Interface (UPI) services in Sri Lanka. This strategic initiative comes in collaboration with LankaPay, the national payment network of Sri Lanka,…
Zeta Launches Digital Credit-As-A-Service for Banks in India, Revolutionizing Credit Access In a significant move to reshape the landscape of credit accessibility in India, Zeta, a leading fintech company, has unveiled its groundbreaking initiative, Digital Credit-As-A-Service for banks. This innovative offering aims to revolutionize the traditional banking model by providing a seamless digital platform for…
RBI Appoints R. Lakshmi Kanth Rao as Executive Director The Reserve Bank of India (RBI) has recently announced the appointment of R. Lakshmi Kanth Rao as its new Executive Director. This move comes amidst a crucial phase for the central bank, as it navigates through various economic challenges and policy decisions. R. Lakshmi Kanth Rao…
