Banking & Finance – Feedback

Banking & Finance

In yet another step in its digital transformation journey, State Bank of India has enabled 60 digital branches pan India offering advanced banking services such as instant loan approvals, assistance in choosing investment portfolios, access to latest mutual funds etc. Dimension Data, a $8 billion global technology integrator and managed services provider, enabled the transformation. […]

Enables Peer to Peer payments in collaboration with YES BANK and MobiKwik using both organizations’ mobile payment infrastructure Microsoft today enabled digital payments services on Microsoft Kaizala in India by integrating the payment services of YES BANK and MobiKwik using both organizations’ mobile payment infrastructure. Payment integration with Microsoft Kaizala will enable users to quickly […]

GCL System Integration Technology Co., LTD (SZ: 002506) (GCL-SI), a subsidiary of the world’s leading clean energy conglomerate GCL announced that on March 29, GCL Group signed a memorandum of understanding (MoU) with Softbank Vision Fund (SBVF) through its manager Softbank Investment, a subsidiary of Softbank Group. The main content of the memorandum is that […]

USA listed IT company Virtusa is expanding its banking and financial services business at over company growth rates, nearly 30% on-year, an increase that its CEO attributes to taking business away from its larger rivals. Cognizant, TCS and Infosys have all said demand from banking and financial services (BFSI) customers has slowed, hampering overall growth. […]

Export-Import Bank (Exim Bank) today said it will provide a USD 500 million credit facility to ECOWAS Bank for Investment and Development (EBID) to fund various development projects in the western-south Africa. Line of credit of USD 500 million to EBID will finance various development projects in the ECOWAS region, Exim Bank said in a […]

‘Crisis’ in the Indian banking sector, particularly in the public sector space, should be used as an opportunity to privatise the banks,. But it must be done in a manner that the exercise gets “wider acceptability,”. “For starters, the government equity which is as high as 80% in some PSBs, should be brought down to […]

India’s insurance companies are finally coming of age. With the government’s renewed push on insuring citizens, Max Life Insurance is not only marching towards market dominance but is also in the process of reinventing its game. Process perhaps started with a bid to merge with HDFC Life in August 2016, which would have created an […]

Private equity and sovereign funds are competing to purchase a controlling stake in  Indian arm of Pepe Jeans, according to people aware of the development. Five global funds including KKR, Carlyle, General Atlantic and Malaysia’s sovereign fund Khazanah have submitted non-binding offers for the company and are conducting due diligence. Parent company of Pepe Jeans […]

India’s largest lender SBI and India Mortgage Guarantee Corporation (IMGC) today signed a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers. Offering will help increase home loan eligibility up to 15% within the regulatory norms, the State Bank of India (SBI) said in a statement.”With the rising demand in […]