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BFSI

Explore the latest developments, insights, and trends in the BFSI (Banking, Financial Services, and Insurance) sector.

BFSI

Three commercial banks have been given permission by the defence ministry to offer financing for international purchases.

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The Ministry of Defence has assigned three private banks, HDFC Bank, ICICI Banks, and Axis Bank, to provide the Letter of Credit (LOC) and...
NBFC

EnKash launched banking infra API suite to enable financial service providers issue their own cards

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EnKash, a corporate card and spend management has launched a Card API Suite, CardX. The suite will come with ‘plug-and-play’ integration that will enable...
BFSI

SIDBI launched Enterprise Connect Desks to promote entrepreneurship in UP

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Small Industries Development Bank of India (SIDBI) in partnership with the One District One Product (ODOP) Cell of Uttar Pradesh government’s MSME Department on...
BFSI

HDFC Bank collaborates with Retailio to launch co-branded credit cards

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The HDFC Bank in collaboration with Retailio has launched a new range of co-branded credit cards today. Pune-based Retailio is a B2B pharma platform....
BFSI

SBI revised interest rates of repo rate linked home loans

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As per the website of the State Bank of India (SBI) has raised its External Benchmark Lending Rate on home loans by 50 basis...
BFSI

Interest rates on deposit raised by 15 basis points – Karnataka Bank

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Karnataka Bank on Friday raised the interest rate on its domestic and Non-Resident External (NRE) rupee accounts term deposits of 1 to 2 years...
Banking

Telecom & IT Minister Ashwini Vaishnaw successfully tested 5G call at IIT Madras

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Ashwini Vaishnaw, the Minister of Railways, Communications, and Electronics & Information Technology on Thursday successfully tested India’s first 5G audio and video call at...
BFSI

RBI report reveals rise in bank credit by 10.82 percent

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Data by the Reserve Bank of India (RBI) has revealed that bank credit has risen by 10.82% to Rs 120.46 lakh crore, while the...
BFSI

Net profit of Indian Overseas Bank increased by 58 percent

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Indian Overseas Bank has posted a net profit of Rs 552 crore in the quarter ended March 2022. An increase of 58% is mainly...
BFSI

Net profit of Tamilnad Mercantile Bank increased by 36.2 percent

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Thoothukudi -headquartered Tamilnad Mercantile Bank has reported a net profit of Rs, 821.9 crore for FY 2022, an increase of 36.2 percent. The private sector...
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