Bandhan Bank has appointed Indian singer, actor, and composer, Zubeen Garg as its brand ambassador for the Bank in Assam. This is the first time ever that Bandhan Bank has onboarded a brand ambassador. Bandhan Bank has also lauched a brand-new music video by ...

India’s premium public sector bank, Bank of Baroda (BoB), on November 2 announced the signing of a Memorandum of Understanding (MoU) with NCDEX e Markets Ltd (NeML), to become a 'clearing bank' for the online, commodities' market place and procurement platform. NEML, a ...

Axis Bank has signed an MoU with the Indian Navy, offering a defence Service Salary package with best-in-class benefits and features under its ‘’Power Salute’’ initiative. The benefits include a personal accidental cover of up to ₹56 lakh to all navy personnel, veterans, and ...

The Asian Development Bank (ADB) said it has approved a USD 250 million (about Rs 1,875 crore) loan to support India's National Industrial Corridor Development Program (NICDP). This is the first subprogram of the programmatic USD 500 million loans to develop 11 industrial corridors spanning 17 ...

The Competition Commission of India (CCI) has approved the acquisition of 4.99 percent shareholding in HDFC ERGO General Insurance Company (HDFC ERGO) by HDFC Bank. The Proposed Combination involves the acquisition of 4.99% of the outstanding equity share capital of the Target by the Acquirer ...

The Government of India and the Asian Development Bank signed a $4.5 million project readiness financing (PRF) loan to support project preparation and design activities to improve urban mobility in Aizawl, the capital city of the northeastern state of Mizoram. The project will support ...

AU Small Finance Bank unveiled a sound box that will provide instant voice-based payment alerts to merchant partners. The QR Code SoundBox is aimed at enhancing the bank’s reach in digital payments, AU Small Finance Bank said in a statement. The soundbox is a portable speaker that is ...

Bharti AXA Life Insurance on October 21 announced its bancassurance partnership with Utkarsh Small Finance Bank Limited (USFBL) for the distribution of life insurance products through the bank’s network of branches across the country. This partnership will enable the Bharti AXA life to reach ...

The Reserve Bank of India has imposed a penalty of 1 crore on Paytm Payments Bank for violating provisions of Payment and Settlement Systems Act 2007 and ₹27.78 lakh on Western Union Financial Services for non-compliance with certain directions. The central ...

Ratnakar Bank Limited is working on a new digital platform titled Abacus 2.0 that will help the bank to scale up customer acquisition over the next few years. Using Abacus 2.0, RBL Bank will provide products and services to new as well as existing customers digitally. Abacus 1.0 was launched by ...