Bank of Baroda Introduces Special BOB Utsav Deposit Scheme for the Festive Season In a significant move to celebrate the festive season, Bank of Baroda has launched a special deposit scheme named the BOB Utsav Deposit Scheme. This initiative aims to offer customers attractive interest rates and enhance their savings during this auspicious time. The…
SBI Distributes Rs 6,959 Crore Dividend to Government SBI’s Dividend Distribution State Bank of India (SBI), the country’s largest public sector bank, has distributed a dividend of Rs 6,959 crore to the Government of India for the financial year 2022-23. This move is part of the bank’s annual dividend payout, which reflects its robust financial…
Landmark CDS Trade: SBI and Standard Chartered Embrace New RBI Norms In a significant move towards bolstering India’s financial infrastructure, State Bank of India (SBI) and Standard Chartered recently engaged in a landmark Credit Default Swap (CDS) trade, adhering to the latest norms set forth by the Reserve Bank of India (RBI). This groundbreaking transaction…
SBI Revolutionizes NRI Banking: Digital NRE & NRO Account Setup via YONO In a significant move that will revolutionize NRI banking, the State Bank of India (SBI) has introduced a seamless digital process for setting up NRE (Non-Residential External) and NRO (Non-Residential Ordinary) accounts through its YONO (You Only Need One) platform. This innovative step…
Indian Overseas Bank Introduces Innovative Scheme Allowing Customers to Use Any Name as Account Number Indian Overseas Bank (IOB) has recently launched an innovative scheme that empowers its customers to personalize their banking experience. The scheme allows IOB account holders to use any name of their choice as their account number. This unique initiative aims…
