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Banking

Indian Overseas Bank Q1 results

Performance Highlights – 30.06.2023 (Rs. in crores) Particulars 30.06.2023 (3 Months) 30.06.2022 (3 Months) Deposits 2,64,401 2,60,045 Gross Advances 1,91,263 1,63,544 Investments 95,328 1,00,917 Business Mix 4,55,664 4,23,589 Operating Profit 1,345 1,026 Net Profit 500 392 CASA 1,16,694 1,12,012 CASA Ratio 44.14% 43.07% Gross NPA 13,629 14,919 Net NPA 2,590 3,698 Net Interest Margin 3.21% 2.53% Gross NPA Ratio 7.13% […]

Banking

South Indian Bank launches SIB EXIM Current Account

Kochi: South Indian Bank launches SIB EXIM Current Account specially curated for customers involved in Import and Export business. The Current account is available in two variants SIB EXIM Silver and SIB EXIM Gold with required Quarterly Forex Throughput of 15000 and 50000 respectively. SIB EXIM Current Account offers Competitive rates in Trade finance transactions, […]

Banking

PNB Encourages Its Customers To Update KYC By August 31, 2023

New Delhi : In line with the RBI guidelines, Punjab National Bank, nation’s leading public sector bank, has been encouraging its customers to update their Know Your Customer information before August 31, 2023. The bank has sent out two Notices to the registered address and SMS notification on registered mobile number of those customers whose […]

Finance

OKX Wallet Launches Account Abstraction-Powered ‘Smart Account’ Feature, Enabling USDT and USDC Gas Fee Payments on Multiple Chains

Singapore — OKX, a leading Web3 technology company, today announced the launch of a new account abstraction-powered Smart Account feature on its OKX Wallet, enabling users to pay for transactions on multiple blockchains using USDC or USDT. OKX Wallet will soon launch additional account-abstraction powered features, including social recovery functionality. This will enable users to […]

Banking

Axis Bank Partners With Kiwi To Bolster ‘Credit On UPI’ Accessibility On Rupay Credit Cards

Bangalore : Axis Bank, one of the largest private sector banks in India partners with Kiwi, the revolutionary credit on UPI platform to bolster ‘Credit on UPI’ accessibility on RuPay credit cards. The partnership enables Kiwi users to seamlessly access the RuPay lifetime free virtual Axis Bank KWIK credit card through the app. With its […]

Finance

Zero-Brokerage 101: A Comprehensive Guide To Trading Without Charges

Recent times have been a witness to the rising popularity of zero-brokerage trading, a concept gaining traction with a rising number of investors in Indian financial markets, advancements in technology, and its widespread adoption. The concept exists to restructure the traditional brokerage model into a cost-effective one for investors. Trading without charges allows for new […]

Finance

SBI General Insurance Collaborates With Chakhesang Women Welfare Society To Promote Livelihood Enhancement In The State Of Nagaland

Phek : SBI General Insurance, one of the leading General Insurance Company in India, in association with NEDFi has collaborated with Chakhesang Women Welfare Society on a project aimed at creating local employment and enhancing the livelihoods of families specifically in the Pfutsero region in Phek district of Nagaland. Under this CSR project, SBI General […]

Finance

AIC Pinnacle Unveils “Evolve”- A 10-Month Incubation Program Empowering Startups To Commercialise Innovative Ideas

MUMBAI : Atal Incubation Centre – Pinnacle Entrepreneurship Forum is delighted to announce the launch of its highly anticipated “Evolve” Incubation Program, a transformative 10-month initiative aimed at nurturing innovative ideas and fostering profitable ventures for startups. Supported by Atal Innovation Mission and Niti Aayog, Evolve Program equips participants with essential tools, guidance, and resources […]

Finance

Unlocking the future: Exploring the benefits and feasibility of kids’ savings accounts

As a parent, you have a bright vision for your child’s future. You want them to get the best education, abundant career opportunities, and financial security. However, have you considered how you will instil financial literacy in their lives? By introducing fundamental concepts of money management and the importance of saving from an early age, […]

Banking

South Indian Bank launches SIB EXIM Current Account

Thrissur/ Mumbai: South Indian Bank launches SIB EXIM Current Account specially curated for customers involved in Import and Export business. The Current account is available in two variants SIB EXIM Silver and SIB EXIM Gold with required Quarterly Forex Throughput of 15000 and 50000 respectively. SIB EXIM Current Account offers Competitive rates in Trade finance […]