Prime Minister Narendra Modi’s vision, when he came to power in 2014, was to provide houses to poor families by the time India completes its 75th year of independence. This vision culminated into the Pradhan Mantri Awas Yojna: an effort to provide homes to the needy.
When Renault launched the Kwid last year, customers were wooed by its SUV-like styling and an affordable pricetag. Although the car went on to sell in huge numbers but the customers wanted more. Especially from the engine of the car which most customers thought was underpowered. For those customers, Renault has finally, after a […]
Hyundai Motor Indian Ltd (HMIL) launched the sixth generation premium sedan Elantra last week at a starting price of Rs 12.99 lakh. The car was launched in two variants of 1.6 litre diesel engine and 2.0 litre petrol motor. The prices of these variants at a Delhi showroom range from Rs 12.99 lakhs – […]
Mid-sized lender Yes Bank has named Amit Sanan, the new group president and country head of mid-corporate banking. According to the bank, Amit would be responsible to drive growth of business in the key knowledge banking sectors apart from focusing on various digital banking solutions, cross sell and granular transaction banking. He would also […]
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 […]
