Search For "private sector banks"
Federal Bank Strengthens NRI Banking Proposition - Unveils Prospera, a New
Updated : 1 year, 3 months ago IST
Dubai [UAE]/ Mumbai (Maharashtra) [India], February 19: Federal Bank, one of India's leading private sector banks, unveiled a new NR Savings account variant - Prospera. The Prospera NRE Savings Account offers an impressive suite of benefits designed for the emerging affluent NRI segment whic
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Axis Bank partners with Privy to pioneer trust and data privacy through th
Updated : 1 year, 3 months ago IST
Mumbai (Maharashtra) [India], February 18: Axis Bank, one of the largest private sector banks in India, has partnered with Privy by IDfy to become the first bank in India to implement compliance for the Digital Personal Data Protection Act (DPDP Act) 2023. This collaboration highlights the B
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Secretary Department of Financial Services chairs review meeting today
Updated : 1 year, 4 months ago IST
Nagaraju said that significant progress has been made in expanding social security and deepening financial inclusion in the country through various flagship schemes of the Government, and further urged the Public Sector and Private Sector Banks to dedicatedly work towards bringing more and m
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Public sector banks outperformed private banks by a wide margin in net pro
Updated : 1 year, 6 months ago IST
The net profit of public sector banks has surpassed that of private sector banks by a wide margin on a Year-on-Year basis, highlighted a report by the State Bank of India.
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IDFC FIRST Bank Goes Live on GST Portal for Seamless Tax Payments
Updated : 1 year, 7 months ago IST
Mumbai (Maharashtra) [India], October 5: IDFC FIRST Bank is pleased to announce its integration with the Goods and Services Tax (GST) portal, enabling seamless GST payments. Customers will now benefit from an intuitive, hassle-free payment experience, with instant payment confirmations and e
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India's Bank bond issuances may hit Rs 1.2-1.3 trn this fiscal: ICRA
Updated : 1 year, 8 months ago IST
Tight liquidity conditions and strong credit growth, outpacing deposit accumulation, have prompted banks to turn to bond markets to meet their funding requirements. As of FY2025 year-to-date (YTD), banks have issued Rs. 767 billion in bonds, reflecting a 225 per cent year-on-year increase an
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Deposit growth of banks will pick up from coming quarters: Axis Securities
Updated : 1 year, 9 months ago IST
The credit growth in the Indian banks will continue to be more than the deposit growth, a report by the 'Axis Securities' has said while also noting that bank deposit growth will pick up in the coming quarters.
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Axis Bank Launches Sparsh Week 2024; Reinforcing its Ethos of 'Customer De
Updated : 1 year, 9 months ago IST
Mumbai (Maharashtra) [India], August 10: Axis Bank, one of the largest private sector banks in India, continues to strengthen its relationship with customers by launching the second edition of its customer-centric initiative 'Sparsh Week 2024'. During this week, commencing from August 5th to
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DFS Secretary Vivek Joshi reviews performance of financial inclusion schem
Updated : 1 year, 10 months ago IST
Secretary at Department of Financial Services (DFS), Vivek Joshi, chaired a review meeting on the progress and performance of financial inclusion schemes, including PM SVANidhi, PM Vishwakarma and Jan Samarth Portal with senior executives of private sector banks in the national capital on Tu
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Private sector banks in India lead market cap surge; Axis Bank shines with
Updated : 1 year, 10 months ago IST
The data highlights a surge in the market capitalization of private sector banks for the three months ending June 30, with the sector showing stronger metrics compared to their public sector counterparts.
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Federal Bank and Tata AIA Life Insurance Announce Strategic Bancassurance
Updated : 1 year, 11 months ago IST
Mumbai (Maharashtra) [India], May 31: Federal Bank, a prominent private sector bank in India, announced a Bancassurance tie-up with Tata AIA Life Insurance Co Ltd, one of India's leading life insurance companies. This strategic alliance aims to provide Federal Bank's customers, access to Tat
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Generative AI could boost bank revenues by 6 pc in next three years: Accen
Updated : 2 years ago IST
Accenture's analysis, which involved studying more than 150 large banks worldwide, including public and private sector banks in India, revealed that the adoption of generative AI could significantly enhance employee productivity by up to 30 per cent.
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