Banking

Kotak Mahindra Bank (Kotak) today announced the launch of the Cardless Cash Withdrawal Facility through ATMs (Instant Money Transfer – IMT). The facility empowers Kotak accountholders to make cash withdrawals as well as remit money to beneficiaries across India without using a physical debit card. Using their registered mobile number with the bank, Kotak customers can initiate the transaction...

As many as five large banks, including SBI, PNB and BoB, are likely to sell shares to institutional investors in the second half of this fiscal as they look to shore up their capital base amid the coronavirus pandemic impacting the economy. Qualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to...

GIG-A-Opportunities – a new platform for alternate work models to attract the finest talent, with a promise of growth with flexibility, diversity and inclusivity. Embraces the ‘work from anywhere’ model, in line with the Bank’s Open philosophy and ‘New Ways to Work’ initiative earlier this year Platform expected to boost employment opportunities for talent...

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...