American Express Announces Inauguration of 1 Million Sq. Ft. Campus in Gurugram American Express, a leading global payments and financial services company, has recently made headlines with the inauguration of its sprawling 1 million square feet campus in Gurugram, India. The inauguration ceremony witnessed the presence of top executives and government officials, marking a significant…
NeoBank Revolut India Receives In-Principle Approval for PPI License from RBI The Reserve Bank of India (RBI) has granted an in-principle approval to NeoBank Revolut India for a Prepaid Payment Instrument (PPI) license. This move marks a significant development in the fintech sector in India. NeoBank Revolut, known for its digital banking services, has been…
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…
India Post Payments Bank Partners with Hindustan Zinc for CSR Financial Services In a significant development for banking aspirants, India Post Payments Bank (IPPB) has recently entered into a strategic partnership with Hindustan Zinc Limited to enhance its Corporate Social Responsibility (CSR) initiatives in the financial services sector. This collaboration aims to bring about positive…
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…
RBI Unveils Forex Correspondent Scheme to Enhance Foreign Exchange Services The Reserve Bank of India (RBI) recently introduced the Forex Correspondent Scheme, aimed at bolstering foreign exchange services in the country. This initiative emerges as a pivotal step towards augmenting the accessibility and efficiency of forex services, catering to diverse stakeholders. With a keen focus…
Aditya Birla Sun Life and IDFC First Bank Collaborate on Financial Solutions Aditya Birla Sun Life Insurance (ABSLI) and IDFC First Bank have recently announced a strategic collaboration aimed at enhancing financial solutions for customers. This partnership marks a significant milestone in the financial sector, combining the strengths of two prominent entities to deliver comprehensive…
RBI Grants Authorization to Bandhan Bank for Pension Disbursement to Retired Railway Employees The Reserve Bank of India (RBI) has recently granted Bandhan Bank the authorization to facilitate pension disbursement to retired railway employees. This development marks a significant milestone for Bandhan Bank as it expands its services to support retired individuals associated with the…
SBI’s Acquisition of 20% Stake in SBI Pension Fund State Bank of India (SBI), one of the leading public sector banks in India, has recently made headlines with its decision to acquire a significant 20% stake in the SBI Pension Fund Pvt Ltd. This move comes as part of SBI’s strategic expansion and diversification efforts…
RBI Appoints Neeraj Nigam as Executive Director The Reserve Bank of India (RBI) has appointed Neeraj Nigam as its new Executive Director. Nigam has been appointed for a period of three years, and his appointment will be effective from April 03, 2023. He will be in charge of the RBI’s Department of Banking Supervision, among…
