HDFC Opens First Singapore Branch to Expand Global Presence IntroductionHDFC Bank, one of India’s leading private sector banks, has launched its first branch in Singapore as part of its strategic plan to expand its global footprint. The opening of this branch is a significant step in strengthening the bank’s international presence, aiming to offer a…
India Post Payments Bank (IPPB) Celebrates 7th Foundation Day Introduction India Post Payments Bank (IPPB) recently celebrated its 7th Foundation Day, marking seven years of its significant role in revolutionizing financial services in India. Established with the vision to enhance financial inclusion, IPPB has made strides in bridging the gap between formal banking and the…
Celebrating 10 Years of Jan Dhan Yojana Introduction to Jan Dhan Yojana The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched on August 28, 2014, by Prime Minister Narendra Modi, marks its 10th anniversary this year. This landmark financial inclusion program aimed to bring millions of unbanked Indians into the formal banking system. Over the decade,…
HDFC Bank Becomes First Private Bank to Open Branch in Lakshadweep In a significant development, HDFC Bank has marked a historic milestone by becoming the first private bank to inaugurate a branch in Lakshadweep. This move underscores the bank’s commitment to expanding its footprint across diverse geographical regions and catering to the financial needs of…
Canara Bank Launches Healthcare Loans and Savings Accounts for Women Canara Bank, one of the leading public sector banks in India, has recently announced the launch of specialized financial products tailored to meet the healthcare needs of women. This strategic move aims to empower women by providing them with easy access to funds for medical…
ARSRLM Signs MoU with SBI for SHG Banking Services The Arunachal State Rural Livelihoods Mission (ARSRLM) recently inked a significant Memorandum of Understanding (MoU) with the State Bank of India (SBI), paving the way for enhancing banking services to Self-Help Groups (SHGs) in the region. This collaboration marks a crucial step towards bolstering financial inclusion…
Bank of India Launches Nari Shakti Savings Account for Women Bank of India, one of the prominent public sector banks in India, recently unveiled an innovative savings account aimed at empowering women, named the “Nari Shakti Savings Account.” This pioneering initiative seeks to cater specifically to the financial needs and aspirations of women across the…
Axis Bank Introduces Infinity Savings Account with Zero Domestic Transaction Fees Axis Bank has recently unveiled its new savings account offering, the “Infinity Savings Account,” which comes with a remarkable feature – zero domestic transaction fees. This move has significant implications for students preparing for various government exams, including those aspiring to become teachers, police…
RBI Expands Presence in North East India with Sub-Office in Kohima, Plans Office in Itanagar RBI Expands Presence in North East India | The Reserve Bank of India (RBI) has taken a significant step towards strengthening its presence in North East India by establishing a sub-office in Kohima, Nagaland. This move comes as part of…
Seylan Bank Nostro account : Seylan Bank of Sri Lanka opens INR denominated Nostro account in Indian Bank in Mumbai Seylan Bank, one of Sri Lanka’s prominent commercial banks, has opened an INR-denominated Nostro account in Indian Bank in Mumbai, India. This move is expected to strengthen bilateral trade relations and increase banking services between…
