Public sector lender Punjab National Bank from April 4, 2022, Monday, has implemented the Positive Pay System (PPS) being compulsory for cheque payments worth Rs 10 lakh and above.  This is being done as a move to protect its over 180 million customers from any security threats. ...

The Union Bank of India (UBI) has launched its super-app named UnionNXT on April 06, 2022. The app UnionNXT will offer a number of services including payments, online shopping, bill payments, recharges, investment, loans, and fund transfers, on a single platform. ...

Asian Development Bank on Wednesday projected a seven percent collective growth for South Asian economies in 2022 with the subregion's largest economy India growing by 7.5 percent in the current fiscal year before picking up to eight percent the next year. Pakistan’s growth will be four percent in ...

SBI and Border Security Force sign MoU to offer curated benefits through CAPSP Scheme: The State Bank of India (SBI) and Border Security Force (BSF) have signed a Memorandum of Understanding (MoU) in order to offer solutions for financial security to serving and retired BSF personnel and ...

Mortgage lender HDFC is set to merge with HDFC Bank to create India's third-biggest financial entity in terms of market capitalisation. With the proposed merger, HDFC Bank can build its own housing loan portfolio and also enhance its existing customer base. HDFC ...

The US-based Citibank group is selling its India business to Axis Bank for Rs 12,325 crore. The deal will be closed in the mid of the 2023 calendar year. As per the deal, Citibank must exit from consumer franchises in 13 markets, including India. Currently, ...

The Asian Development Bank (ADB) has approved a loan package of USD 143 million for Bangladesh to support government efforts to speed up the growth by improving the efficiency, predictability, and security of cross-border trade. The ADB loan package includes a $90 million ...

Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up Varnika with an annual ink manufacturing capacity of 1,500 MT to enhance the security of banknotes. It is a boost to ‘Make in India’ initiative. It ensures that the entire requirement of banknote printing inks is produced ...

Shaktikanta Das, Governor, Reserve Bank of India (RBI), laid foundation stone for the establishment of a Learning and Development Centre (LDC) of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI, (March 28, 2022) in Mysuru.  Bharatiya ...

This insurance facility is available on the Airtel Thanks app. This provides financial protection against damage to the phone and its screen from accidents or liquid spills. Monthly premium for this facility starts at 1,299 rupees. Customers can get ...