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BFSI

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

Banking

Bank of Maharashtra inks MoU with Ministry of Science and Technology

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Bank of Maharastra has signed a memorandum of understanding (MOU) with the Ministry of Science and Technology for operating a Central Nodal Agency (CNA)...
BFSI

Sitikantha Pattanaik and Rajiv Ranjan appointed as Executive Directors by RBI

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The Reserve Bank of India (RBI) today has appointed Rajiv Ranjan and Sitikantha Pattanaik as their Executive Directors, effective from May 01, 2022. Rajiv Ranjan...
Banking

SBI raises interest rates on bulk term deposits

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On Tuesday, the State Bank of India hiked the interest rates on many bulk term deposits by 40-90 basis points. The revised interest rates...
Banking

Bank of Maharashtra, Karur Vysya Bank hiked lending rates

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Bank of Maharashtra and Karur Vysya Bank on Monday announced a hike in their marginal cost of funds-based lending rate (MCLR). Bank of Maharashtra...
Banking

HDFC Bank raised MCLR

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Since the Reserve Bank of India raised the repo rate, several banks have hiked interest rates. Following the trend, private lender, HDFC Bank has...
Banking

Punjab National Bank raises lending rate by 40 bps

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Punjab National Bank (PNB) announced on Friday that it has increased its external benchmark linked lending rate by 0.40 percent to 6.90 percent, which...
BFSI

Indian Bank introduces digital broking solution

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The Indian Bank has launched a digital broking solution, E-Broking that allows the customers to open a Demat and trading account. This initiative is...
Banking

PM Modi likely to inaugurate 75 digital banks on August 15

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To commemorate 75 years of India's independence, Prime Minister Narendra Modi will launch 75 digital banking units (DBUs) across 75 districts on August 15....
Banking

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

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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...
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