Page 4 - Banking News

Indian Bank sanctions ₹1,400 cr loans to MSME units at outreach camp

State-owned Indian Bank on Wednesday said that it has sanctioned loans of Rs 1,400 crore to small businesses at a 'retail outreach camp' in the country's financial capital. Sanction letters were given to 200 MSME and retail customers during the camp held recently, as per a statement. **** *Livlong 365 aims to invest Rs 100 crore Helathtech platform Livlong 365 on Wednesday announced that it is aiming to invest Rs 100 crore over the next 18 months. The company is planning to open 100 branches by 2027, which will require an investment of Rs 70-100 crore, according to a statement. **** *Niyo acquires Kanji Forex Travel fintech Niyo on Wednesday announced the acquisition of Kanji Forex for an undisclosed sum. The company also appointed banker Amit Talwar as the chief executive of its forex business, a statement said. **** Seeds Fincap raises Rs 50 crore in pre-series B round funding Non-bank lender Seeds Fincap has raised Rs 50 crore in a pre-series B round of funding from its

Bank holidays in August: Check these dates before planning a branch visit

Online banking services will be available as usual on these days

Credit growth inches up to 9.8% as deposit growth continues to outpace

At 10.1%, deposit growth continues to outpace credit, although the gap has narrowed to 300 basis points

Union Bank of India to garner ₹6,000 crore through equity, debt mix

The decision in this regard was taken in the board meeting held on Wednesday, Union Bank of India said in a regulatory filing

Banks need to further improve their customer service: DFS secretary

Banks are more stable and healthier, but there is scope for improvement on the customer service side, Financial Services Secretary M Nagaraju said. "Today, banks are more stable and healthier. While good customer service is being provided across the board, there is still scope for improvement to ensure we bring a genuine smile to every customer's face," he said on the 118th foundation day of Punjab & Sind Bank on Wednesday. On the occasion, the bank launched a series of new and smart branches designed to deliver superior customer experiences and seamless digital services. The bank also virtually launched its CASA Back Office in Chandigarh, a strategic step towards streamlining operations and further strengthening customer service delivery, Punjab & Sind Bank said in a statement. Additionally, the bank launched cash flow-based digital lending products designed specifically for MSME customers, strengthening its support for the country's small businesses. "These initiatives ...

Jana Small Finance Bank applies to RBI for universal banking licence

Jana Small Finance Bank Applies to RBI for Universal Banking License

Bank credit growth slows down further to 10.3%, shows RBI data

Loan growth for commercial banks dipped to 10.3 per cent in the fortnight ended April 18, while deposit growth inched up slightly to 10.2 per cent, RBI data shows