State Bank of India Market Cap Crosses ₹8 Lakh Crore Milestone State Bank of India (SBI), the largest public sector bank in India, achieved a significant milestone as its market capitalization crossed the ₹8 lakh crore mark. This achievement highlights the robust performance and confidence of investors in the bank’s growth prospects. Market Cap Milestone…
UPI Breaks Record with 1.404 Billion Transactions in May; Sees 49% Year-on-Year Growth The Unified Payments Interface (UPI) in India has achieved yet another milestone by recording a staggering 1.404 billion transactions in the month of May. This feat marks a remarkable 49% year-on-year growth, showcasing the exponential rise in digital transactions and the increasing…
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…
UNCTAD and IMF Forecasts for India’s GDP Growth in 2024 The economic outlook for India in 2024 has garnered significant attention with forecasts from both the United Nations Conference on Trade and Development (UNCTAD) and the International Monetary Fund (IMF). Both organizations have provided insights into the expected GDP growth rate for India in the…
CCI Approval for Axis Bank’s Stake Acquisition in Max Life Insurance In a significant development for the banking and insurance sectors, the Competition Commission of India (CCI) has granted approval to Axis Bank’s proposal to acquire a stake in Max Life Insurance Company Limited. This move marks a strategic collaboration between two major players in…
SBI Cards and Payment Services Ltd, in Collaboration with Titan Company Ltd, Presented Titan SBI Card In a strategic collaboration aimed at enhancing consumer experiences and expanding financial services, SBI Cards and Payment Services Ltd and Titan Company Ltd have unveiled the much-anticipated Titan SBI Card. This collaboration marks a significant milestone in the realms…
M. V. Rao Elected as New Chairman of Indian Banks Association The Indian Banks Association (IBA) recently announced the election of M. V. Rao as its new Chairman. This appointment comes at a crucial time for the banking sector, amidst ongoing reforms and challenges. Rao, an experienced banker with a distinguished career spanning decades, brings…
Arya Ag Partners Shivalik Bank for Commodity Financing In a significant development for the agricultural sector, Arya AgriTech, a leading agri-commerce company, has forged a partnership with Shivalik Mercantile Co-operative Bank Ltd (Shivalik Bank) to facilitate commodity financing. This collaboration aims to streamline financing options for farmers, ensuring smoother operations and increased productivity in the…
Algeria Inaugurates World’s Third Largest Mosque Algeria recently marked a significant milestone in its cultural and architectural landscape with the inauguration of the world’s third-largest mosque. The sprawling edifice, named [Mosque Name], stands as a testament to the nation’s rich history and its commitment to religious and cultural heritage. This grand inauguration has garnered widespread…
SBICAPS Appoints Virendra Bansal as the New MD and CEO SBICAPS, the investment banking arm of State Bank of India (SBI), has recently announced the appointment of Virendra Bansal as its new Managing Director (MD) and Chief Executive Officer (CEO). Bansal will take over the reins from the outgoing MD and CEO, Rajnish Kumar. In…
