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Finance
Bank of India Increases Fixed Deposit Rates for Various Tenor
Bangalore: Bank of India, one of the leading public sector banks in India, has increased rates of its fixed deposits for its customers & general public (for Rs 2 Crs & above to less than Rs.10 Crs) in maturity of “46 days to up to!-->…
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SIDBI and Finance Department UT of J&K entered into Agreement for availing of SIDBI Cluster…
Hyderabad: Small Industries Development Bank of India (SIDBI) signed Agreement for SIDBI Cluster Development Fund (SCDF) with UT of Jammu & Kashmir to accelerate MSME Cluster infrastructure development in UT of Jammu &!-->…
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Bank of India signs MoU with REC Limited to co-finance loans amounting to Rs 30,000 crore
Bangalore: Bank of India (BOI) signed an MoU with REC Limited to jointly explore the possibilities of funding projects in sectors such as Power, Infrastructure and Logistics under a consortium arrangement. BOI and REC will join hands to!-->…
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ICICI Bank launches ‘iFinance’, a single-view for savings and current accounts across banks
· Leverages the Account Aggregator ecosystem to enable users to link their accounts
· Crores of ICICI Bank customers as well as customers of!-->!-->!-->…
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Axis Bank and India SME Forum presents SME 100 Awards
· Celebrates a decade of honouring SMEs for their growth and contribution in the industry.
· 54 medium, 36 small and 10 micro segment!-->!-->!-->…
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Axis Bank announces the winners of LLM Bankathon 1.0
The Bank felicitated team Decadex led by Aditya Pal, Mayank Bansal, Abhinav Narag and Aditya Gupta from Delhi and Chandigarh as the finale winnersThe hackathon witnessed overwhelming participation from over 5800+ tech enthusiasts,!-->…
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Axis Bank reinforces its ethos of ‘Customer Obsession’, rolls out Sparsh Week initiative
Bangalore: With an aim to reinforce its firm commitment towards Customer Obsession, Axis Bank, one of the largest private sector banks in India, has launched ‘Sparsh Week’, an event focused on strengthening the bond between the Bank and!-->…
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SIDBI and IPPB enter into MoU for development of informal micro enterprises
Hyderabad/New Delhi: India Post Payments Bank (IPPB) and the Small Industries Development Bank of India (SIDBI) entered into a strategic partnership to promote extension of formal financial services and other support services to MSMEs,!-->…
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Ujjivan Small Finance Bank enhances free doorstep banking services for senior citizens and…
• Ujjivan SFB enhances doorstep cash pickup and delivery from ₹5,000 to ₹25,000
• Senior!-->!-->!-->…
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Growing Bigger & Stronger Consistently
NII at ₹ 823 crore up 24% Y-o-Y; PAT at ₹ 328 crore up 11% Y-o-Y
Disbursed ₹ 5,749 crore / ₹ 11,033 crore in Q2FY24/H1FY24; Gross loan book up 27% Y-o-Y
Asset quality continues to be healthy with GNPA/NNPA at 2.2%/0.09% & PAR at!-->!-->!-->!-->!-->…
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