Articles tagged under: Banking

Public Sector Banks staffers to go on strike on 23-24 February

January 21, 2022
Public Sector Banks staffers to go on strike on 23-24 February

Gandhinagar: The public sector banks across the state will observe a strike on 23rd and 24th February to protest the proposed privatization of public sector banks as part of Banking Regulation (Amendment) Bill. The public sector banks of the state will be joining the nationwide strike by banks and other central trade unions on 23rd and 24th February. Around 3669 branches of nationalized banks are likely to remain closed during the 2-day strike in the state. The transactions worth Rs 17,000 cr...Read More

Tokenisation : alternate for online stored card payments from 1st January 2022 due to RBI guideline

December 14, 2021
Tokenisation : alternate for online stored card payments from 1st January 2022 due to RBI guideline

Mumbai: As per RBI mandate starting 1st January 2022, clear card number, CVV and Expiry date and any other sensitive information related to cards cannot be stored by merchants for processing online transactions. 1. What is tokenisation? Ans. Tokenisation refers to replacement of actual or clear card number with an alternate code called the “Token”. This shall be unique for a combination of card, token requestor (i.e. the entity which accepts request from the customer for tokenisation...Read More

HDFC Bank MSME loan book in Gujarat crosses Rs. 28,000 crore

November 17, 2021
HDFC Bank MSME  loan book in Gujarat crosses Rs. 28,000 crore

 Mumbai: HDFC Bank in a statement said its MSME loan book in Gujarat has crossed the milestone of Rs. 28,000 crore.  The bank in its statement further said,  as of September 30, 2021, the bank’s Micro, Small, and Medium Enterprises book for Gujarat stands at Rs. 28,432 crore. The Bank’s MSME book in Gujarat has grown 31.51% in September 30, 2021 quarter Vis-à-vis September 30, 2020 quarter. HDFC Bank started offering advances to MSMEs in Gujarat in the year 2003. In the last 18 years in...Read More

Axis Bank GIFT IFSC branch raises USD 600 Mn maiden AT1 sustainable bond

September 09, 2021
Axis Bank GIFT IFSC branch raises USD 600 Mn maiden AT1 sustainable bond

Mumbai, September 9, 2021: Axis Bank through its IFSC Banking Unit (IBU) in GIFT IFSC raised USD 600 Million in AT 1 sustainable bonds under its USD 5-billion global medium-term note programme. The dollar-denominated, Basel III-compliant AT1 notes were competitively priced at 4.10 per cent and evinced interest from investors across diverse geographies. Commenting on the success, Mr. V. Balasubramaniam, MD & CEO, INDIA INX said, “We are delighted to list Axis Bank’s maiden AT1 Bond sustain...Read More

GIFT City and ANSR join hands for building Global In –house Centres and Global Capability Centres

August 27, 2021
GIFT City and ANSR join hands for building Global In –house Centres and Global Capability Centres

GIFT City, Gandhinagar: ANSR, a Global Market Leader in the business of designing, establishing and operating Global In –house Centres (GICs) has joined hands with GIFT City, India’s only operational International Financial Services Centre (IFSC) to attract the global in-house centres to set up high end processing centres related to financial services at GIFT City. The Central Government notified Global in-house Centres (GICs) as a financial service relating to financial products and fina...Read More

HDFC Bank first Indian Bank to exclusively list USD 1 Billion AT1 dollar bonds in GIFT IFSC

August 27, 2021
HDFC Bank first Indian Bank to exclusively list USD 1 Billion AT1 dollar bonds in GIFT IFSC

Gandhinagar: In a first, HDFC Bank, India’s leading Private Bank, listed their 3.7% USD 1 Billion foreign currency AT1 bonds exclusively in GIFT IFSC Gujarat. GSM, the primary market platform of India INX, has evoked significant interest since its establishment in 2018 and has more than USD 55+ Bn medium term notes established and over USD 28+ Bn of bond listings till date. Commenting on the listing, Mr. V. Balasubramaniam, MD and CEO, INDIA INX said, “We take immense pride in welcoming H...Read More

IIM Ahmedabad and Bank of America partner to set up a Centre for Digital Transformation

August 26, 2021
IIM Ahmedabad and Bank of America partner to set up a Centre for Digital Transformation

Ahmedabad (Press Release): Indian Institute of Management Ahmedabad (IIMA), the premier global management institution, has partnered with Bank of America to launch a Centre for Digital Transformation (CDT). The Centre aspires to become a vibrant knowledge hub for academia, policymaking, and the private sector by facilitating cutting-edge research on digital transformation and innovation. The Centre for Digital Transformation was launched with an event which was attended by faculty members of ...Read More

Three-day bank holiday on 28-29-30 August

August 14, 2021
Three-day bank holiday on 28-29-30 August

Gandhinagar: Cooperative, private and nationalized banks will remain closed continuously for three days on 28-29-30 August dur to fourth Saturday, Sunday and Janmashtami. While for bank employees this will be a mini vacation, for commoners, a cheque of August 27 will come to clearing houses only on 31st August. DeshGujaratRead More

HDFC Bank signs MoU with ‘SASTRA’ incubator of Gujarat based Raksha University

July 13, 2021
HDFC Bank signs MoU with ‘SASTRA’ incubator of Gujarat based Raksha University

Ahmedabad: HDFC Bank has signed an MoU with ‘SASTRA’ (Security and Scientific Technical Research Association), an incubator at Rashtriya Raksha University. Located in Gandhinagar, Gujarat, Rashtriya Raksha University is a national university focusing on internal security related areas. Started in the year 2020, ‘SASTRA’ incubates, mentors, and supports defence and security-sector start-ups. At present, 20 start-ups are incubated at ‘SASTRA.’ As part of the partnership, the b...Read More

Gujarat govt announces interest waiver on repayment of crop loan till June 30

May 02, 2021
Gujarat govt announces interest waiver on repayment of crop loan till June 30

Gandhinagar (Information): In a compassionate decision for the benefit of farmers, Gujarat Chief Minister Vijay Rupani has extended the interest waiver on repayment of crop loan from the cooperative sector till June 30, 2021 looking to crisis owing to second wave of the coronavirus Covid-19. According to NABARDs Credit Policy, the lenders in the cooperative sector provided short term crop loan at 7 (seven) per cent interest on which the Central Government provided 3 (three) per cent rebate a...Read More

error: Content is protected !!