IDFC First Bank, LIC Cards, and Mastercard Introduce Exclusive Co-Branded Credit Card The financial landscape in India continues to evolve with strategic collaborations and innovative offerings. In a recent development, IDFC First Bank, in partnership with LIC Cards and Mastercard, has introduced a distinctive co-branded credit card. This collaboration aims to provide customers with enhanced…
Poonawalla Housing Finance Rebrands as GrihUm Housing Finance In a strategic move aimed at redefining its identity and expanding its services, Poonawalla Housing Finance, a prominent player in the housing finance sector, has rebranded itself as GrihUm Housing Finance. This transformation comes with a renewed vision and an expanded array of offerings, reinforcing its commitment…
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…
HDFC Securities Launches Mobile Trading App HDFC Sky on AWS Cloud HDFC Securities, a prominent player in the stockbroking industry, recently made waves in the market with the introduction of its cutting-edge mobile trading application, HDFC Sky. This innovative platform is set to revolutionize the trading experience for users, boasting seamless functionality and enhanced accessibility,…
Nippon Life India AIF Set to Mobilize ₹1,000 Crore for Private Credit Expansion The financial landscape in India is witnessing a significant development with Nippon Life India Alternative Investment Fund (AIF) announcing plans to mobilize an impressive ₹1,000 Crore for the expansion of private credit. This initiative marks a pivotal stride in the country’s financial…
RBI Forms External Working Group on Expected Credit Loss Framework The Reserve Bank of India (RBI) recently established an External Working Group to deliberate upon the Expected Credit Loss (ECL) framework. This move by the central bank holds significant importance for aspirants preparing for various government exams, including positions in banking, as it reflects the…
Afghan Currency Emerged as the Best Performing Currency in This Quarter The world of finance and currency markets is ever-evolving, and staying updated on the latest trends and developments is crucial for aspirants preparing for government exams, including those for positions like teachers, police officers, banking professionals, railways personnel, and even defense and civil service…
NeoBank Jupiter Secures NBFC Licence Neobank Jupiter has received a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). The Mumbai-based company is one of the few Indian fintechs to have acquired an NBFC license. Jupiter was launched in 2019 by Jitendra Gupta, who had previously co-founded Citrus Pay and served as…
Wealth-X City | New York City Tops the List of World’s Wealthiest Cities 2023 New York City has emerged as the world’s wealthiest city in 2023, according to a report by Wealth-X. The report analyzed the wealth of individuals residing in cities around the world and ranked them based on their collective net worth. New…
Finance Secretary-led Panel to Review New Pension Scheme, Says Nirmala Sitharaman The Indian government has decided to form a panel led by the finance secretary to review the new pension scheme (NPS). This was announced by the Finance Minister, Nirmala Sitharaman, during a press conference held on October 4th. The panel will review the existing…
