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BFSI

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

Banking

Federal Bank Q4 results announced: Net profits increased by 13 percent

Newsdesk -
The Federal Bank on Friday announced the Q4 results, reporting a 13.2 percent rise in its standalone net profit to Rs 541 crore in...
Banking

Digital banking units to become operational in 75 districts by July 2022

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Digital banking units (DBU) in 75 districts, announced in the Budget the Union Budget 2022-23 by Finance minister Nirmala Sitharaman to commemorate the 75...
Banking

Interest rates of repo rate linked home loans hiked by ICICI Bank, BoB

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The Reserve Bank of India on Wednesday announced a 40 basis points hike in key policy rates. With this hike, banks have also increased...
BFSI

Mahagram launches GramSevak portal to provide doorstep financial services

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A FinTech startup, Mahagram has launched the GramSevak portal to provide doorstep to the citizens residing in rural as well urban areas. People can...
Banking

Kotak Mahindra Bank revised fees for various services

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Kotak Mahindra Bank has revised the fees for various services offered to its savings account customers. These rates are applicable to Edge/Pro/Ace/Platina/Nova/Classic from the...
BFSI

HDFC Bank raised the lending rate by 5 basis points

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HDFC Bank on May 1, 2022, raised its benchmarking lending rate by 5 percent. With an increase in lending rate, the EMI for existing...
Finance

FidyPay collaborates with Yes Bank to boost financial inclusion

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FidyPay, Financial Inclusion, and Digital Payment Company announced its partnership with Yes Bank with an aim to promote digital facilitation to a wide range...
Finance

InsurTech firm Turtlemint raised $120 million

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InsurTech startup Turtlemint raised $120 million in a Series E funding round led by Jungle, Amansa, Nexus Venture Partners. The startup plans to utilize...
Banking

Indian Bank collaborates with Maruti Suzuki for car loans

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Indian Bank has collaborated with Maruti Suzuki India Limited to facilitate hassle-free loans for customers. As per the new loan scheme, Indian Bank will...
NBFC

RBI’s new norms for credit card businesses may affect NBFCs & spare banks

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The Reserve Bank of India has recently issued a circular stating that the finance technology players and non-bank lenders engaged in the business of...
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