Banking

State-run lender Union Bank on Friday reported a net profit of Rs 333 crore for the first quarter of 2020-21. The lender had reported a net loss of Rs 7,157 crore during the corresponding period of the previous fiscal. "Amalgamation of the Andhra Bank and the Corporation Bank came into effect on April 1, 2020; accordingly the combined financials...

Distributes COVID-19 prevention materials through 662 district offices Hyderabad, August, 2020 – India’s second-largest public sector bank, Punjab National Bank (PNB) commenced Phase-2 of its nationwide campaign to provide COVID-19 prevention materials through its 662 district offices. The Phase-2 of the campaign began with PNB employees distributing masks and sanitizers regions across the country including Amritsar,...

Shriram City Union Finance (Shriram City), one of Indias leading deposits accepting NBFCs, has announced a high yield fixed deposit (FD) scheme to benefit its potential clientele in the best possible way. Shriram City has launched "Shriram City Fixed Deposit Scheme" with the tenure of up to 5 years. The cumulative fixed deposit scheme offers 8.09% p.a. interest rate...

After the Galwan conflict Indo china relation have seen lower points in past few months, Indian government’s main focus from now in on making India an AtamNirbhar Bharat and curb ing the use of Chinese products which is flooded in all over the Indian market, as a start of atmaNirharBharat Indian government had banned 51 Chinese...

Paisabazaar is the only financial player in India to offer free credit report in regional languages to consumers Today, Consumers can read and download their free credit report from the Paisabazaar platform (web and App) in 5 languages In its mission to ease access to credit for Bharat, the fintech plans to introduce its free credit score initiative in...

- The app provides the ability to invest, trade and do detailed research on stocks- - Enables digital onboarding & account opening process- - Offering the most affordable wealth creation opportunities to millions of Indians- Hyderabad, August, 2020: India’s homegrown digital financial services platform Paytm today announced the launch of Stock Trading on its...

Mumbai, August 13, 2020: India’s homegrown digital financial services platform Paytm today announced the launch of Stock Trading on its online investment & wealth management platform Paytm Money in beta mode. This new addition will benefit experienced as well as first-time investors to seamlessly invest and trade in stocks in a completely digital & secure environment. The company is...

Empowering Startups to accept payments on their own website, Razorpay, the leading full-stack financial services company, today launched Payment Buttons. Payment button enables businesses and freelancers to add a single line of code on their website or blog and go live with an integrated payment gateway, in less than 5 minutes. Amid salary cuts, layoffs and downsizing of businesses...

Investors to receive maturity benefits on a single day Investors can build their monthly savings with deposits starting at Rs. 5,000 per month Bajaj Finance Limited, the lending and investing arm of Bajaj Finserv, has now introduced a new Single Maturity Scheme variant under Systematic Deposit Plan (SDP). Single Maturity Scheme variant under the SDP allows the investors to...

Hyderabad, August 2020: For Mahatma Gandhi, “Charkha” was the symbol of the nation's prosperity and therefore freedom. For him, every revolution of the wheel spun peace, goodwill, and love for the world at large. Gandhiji believed that if we, Indians, have the inimitable 'Khadi Spirit' in us, we would surround ourselves with prosperity and simplicity in every...