Bandhan Bank has decided to expand its services from the current 701 branches to 1,000 branches by August 2017. Bandhan Bank’s MD and CEO, C.S. Ghosh announced on the second anniversary of the bank that they will surely have at least 1,000 branches and additional products. Currently, 45% of the branches are in West […]
Induslnd Bank, private sector lender has teamed up with IBM, leading IT services provider to use latter’s cloud commerce solutions. The aim of is to overhaul the bank’s customers engagement process to enhance its product cross-selling across various platforms. IBM has signed a three-year planned agreement through which it will be responsible for cloud […]
Leading public sector lender, Punjab National Bank has taken a customer-friendly initiative of making locker visiting facility free for its customers. Thus, becoming the first public sector bank to introduce such a facility. Earlier only 12 free visits in a year were allowed and the customer had to pay a charge of Rs.50 if they […]
National Payments Corporation of India (NPCI), parent company of all retail payments system in India, has collaborated with Union Bank to introduce a USSD based 99# mobile application. Bank customers with an android smartphones can easily download this app from Google Play Store. This app can be accessed without internet and doesn’t require any data […]
Global Banking institutions like World Bank, Swiss Bank and Barclays have expressed interest in being associated with the postal payments bank initiative of the centre. The proposal to set up 650 branches of postal payment banks was cleared in June by the Union cabinet with a corpus of Rs 800 crores. The Registrar of Companies […]
The recent increase in unauthorized transactions in banking has led the Reserve Bank of India to release draft guidelines for customer liability in case of fraudulent transactions. According to the draft norms, the bank customer shall not be liable to pay for any fraud transactions made through his account due to third party breach or […]
HDFC Bank is going to launch a co-branded card – Times Point Debit Card – in partnership with Times Internet, a part of Bennett, Coleman and Co. This card has the Concept of Times points, an online loyalty product with a customer base of over 18 million users. The range of services include: earning points […]
Qatar-based Doha Bank is planning to open a branch in Kochi with cutting-edge facilities. This will be the only Indian branch of the Gulf Cooperation Council (GCC)-based bank. The bank will be located inside LULU International Shopping Mall, Edappally. It will be inaugurated by Pinarayi Vijayan, chief minister of Kerala, on 27 August 2016. […]
Federal Bank, in collaboration with MMTC (Metals and Minerals Trading Corporation), will distribute Indian Gold Coins (IGC), under the first-ever National Gold offering scheme launched by the Narendra Modi government in November 2015. This Kerala-based private sector lender will become one of the first private sector banks to offer such a product to its […]
Although India is largely an under-banked country, many in urban and semi-urban India have more than one savings account. While a sizeable portion of these accounts are inherited from previous employments, people also open additional savings account in search of better features or customer service. Just like any other banking and financial product, […]
