Tag Archive for bank

Fintech start-up Open Financial Technologies partners with ICICI Bank to offer a business banking platform that automates accounting for SMEs

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

TeamOpen

Imagine a world where your business current account was your accounting software. Imagine not having to chase payments with UTR numbers, where payments auto-reconcile, and accounting is something that happens automatically as you do your business.

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YES Bank 2018 Legends Cup has roped in La Liga as its global football partner

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

From left - Neil Sanghvi, Pranav Premnarayen, Sonakshi Sinha, Sajjad Meherally, Hemant Sharma, Ranvijay Singha

India’s largest corporate football tournament – YES BANK Legends Cup, organised by Footplay Sports, has announced a brand-new edition that will kick-off across six cities from October 2018 to March 2019. There is a massive backing for this elite football tournament. The event was graced by the star presence of Bollywood star Sonakshi Sinha, model actor Nora Fatehi, and actor, VJ and Footplay Sports’ ambassador – Rannvijay Singha among many others. A major buzz was created around the event when they announced La Liga as their global football partner. This tie-up will give the Winning Team from the Legends Cup tournament an opportunity to go for a La Liga footballing experience in Spain. Read more

HDFC Bank supports Government’s Swachhata Hi Seva campaign

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

HDFC Bank today pledged its support for the government’s Swachhata Hi Seva campaign. On this occasion, the bank launched a slew of initiatives, some under its existing ‘Swachhata and You’ programme and some under its on-going health and sanitation programme. These include:
‘Swachhata and You’ drive in over 200 of its Holistic Rural Development Programme (HRDP)villages. This drive will involve inauguration of school sanitation units, awareness drives on hygiene and competitions to spread awareness on cleanliness.
‘Swachhata and You’ drive in and around select branches. This will entail raising awareness on cleanliness through corporate runs,tree plantation drives, distribution ofcleaning material including dustbins and awareness material booklets in close to 700 branches across the length and breadth of the country.
All 89,955 employees renewing their ‘Swachhataand You’ pledge to keep their home, neighbourhood and country clean. Read more

Export-Import Bank of India organizes Exim Bazaar – an exclusive art & craft exhibition of handmade products

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. David Rasquinha, Managing Director , EXIM Bank inaugurating the EXIM Bazaar- an exclusive art & craft exhibition of handmade products in Mumbai

Export-Import Bank of India (Exim Bank) has been supporting and curating grassroots enterprises and craftsmen across India, in the areas of product development, design & packaging sensitization, with the twin-objective of reviving the traditional arts and crafts of India besides affording a sustainable means of livelihood to the artisans. The Bank, through its training programmes and workshops, has been able to motivate second generation artisans into learning ancestral crafts, build a sustainable business and help gain due recognition for the various arts and crafts, at several platforms across India and overseas.

In order to further strengthen these efforts, Exim Bank has organized an exclusively curated exhibition-cum-sale of Handmade traditional & contemporary arts, crafts and textiles from across India. The three-day event, ‘Exim Bazaar’ is being held from September 28 to 30, 2018 (Friday to Sunday) from 10:00 AM to 07:00 PM at the Nehru Centre, Worli, Mumbai – 18. Read more

HDFC Bank ranked India’s Most Valuable Brand in WPP survey

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

HDFC Bank has been ranked India’s Most Valuable Brand for the 5th consecutive year. This ranking is the result of a survey conducted by Kantar Millward Brown, a group company of global communication services behemoth, WPP. Known as the ‘2018 BrandZ™ Top 75 Most Valuable Indian Brands’ the survey values the HDFC Bank brand at $21.7 billion, a 21% increase over the previous year.

“Trust is an important key driver of brand value, with its impact on corporate performance a key theme in this year’s BrandZ ranking. This is exemplified by HDFC Bank, which continued to build trust by clearly communicating the benefits of its products to consumers and delivering differentiated financial services offerings consistently and repeatedly,” wroteBrandZ in its editorial on HDFC Bank.

HDFC Bank’s brand value has grown consistently over the past 5 years, from $ 9.4 billion in 2014 to $ 21.7 billion in 2018.This year the study covered 1,20,000Indian brands across 414 categories with insights from 3.1 million consumers.

“A booming economy and an increasingly digital world are re-shaping India’s brand landscape and creating new opportunities. Brands that get it right, regardless of whether they are established players or newcomers are reaping the rewards.  However, there is no room for complacency in this fast-paced environment where so many ambitious companies are ready to rise to the occasion,” said David Roth, CEO EMEA and Asia, The Store WPP about this year’s ranking in a press release. Read more

BankBazaar to feature Home Loan Products from Karnataka Bank

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

BankBazaar, India’s leading financial marketplace, and Karnataka Bank have entered into an agreement for Digital Home Loans. The exchange of MOU took place at the Corporate Office of Karnataka Bank in Mangalore between Adhil Shetty, CEO, BankBazaar and Mahabaleswara M.S, Managing Director & CEO of Karnataka Bank. With this, BankBazaar will be featuring Karnataka Bank home loan products on its website. The integration will be completed over the next three weeks and the products are scheduled to go live by the end of next month.

Speaking on the occasion, Mahabaleswara M.S., Managing Director & CEO, Karnataka Bank, said: “As a part of Transformation exercise, the Bank has engaged the services of BankBazaar for sourcing the Home Loan leads digitally.  This will be beneficial to millennials and tech-savvy customers to reach the Bank’s Home Loan Products in making the right choice.”

Speaking on the tie-up, Navin Chandani, CBDO, BankBazaar, said: “It is very encouraging to have Karnataka Bank join hands with us for their home loan products. With this tie-up, we expect to build an integrated supply chain with Karnataka Bank. Today, it is impossible for any broad-based business to survive without a definitive online presence. With this partnership, Karnataka Bank will be able to reach a greater number of customers across India, while we will be able to offer a wider product option to our customers, making it a win-win situation for everyone.”

Karnataka Bank, incorporated in 1924, is a scheduled commercial banking institution based in Mangaluru, Karnataka. With this partnership with BankBazaar, the bank looks to expand its customer reach further by tying up with a financial marketplace that sees over 35 million visitors a month. Today, BankBazaar has grown to 85+ partners comprising the biggest public and private sector banks, NBFCs, and insurance companies in India, close to 2000 employees, and presence in three different countries. Read more

HDFC Bank to adopt 30 flood-hit villages in Kerala

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

HDFC Bank today announced that it will adopt 30 villages in Kerala. As part of its long-term relief and rehabilitation efforts, this initiative is aimed at helping people in the worst-hit parts of the state recover, and encompasses the following:
• setting up medical camps and rebuild health centres affected in the flood
• supporting the renovation/reconstruction of local schools
• imparting skills training to families to restore livelihood
These measures will be finalised in consultation with the state government and will be a long-term plan. The Bank’s local NGO partners will help provide on-ground help in the process.
Additionally, the Bank has contributed Rs 10 crore to the Chief Minister’s Distress Relief Fund as an immediate relief measure. The Bank employees contributed a day’s salary with the Bank bringing in the balance. Read more

Sarvatra Technologies brings 450th Co-operative Bank on National Financial Switch

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By  Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Sarvatra Technologies, India’s leading end-to-end payments and banking solutions provider, announced that they have successfully on-boarded ‘Sevalia Urban Co-operative Bank’ as 450th co-operative bank on National Financial Switch (NFS). With this addition, the company has enabled as many co-operative banks on digital payment platform by making them interoperable with large banks. Contributing to the Digital India story, Sarvatra Technologies has played a very vital role in digitizing small co-operative banks across India. It has enabled lakhs of semi urban and rural customers to the digital banking world. Sarvatra aims to add another 50 plus co-operative banks by FY 2019.

 

In continuation to their digital payment enabling story for India, Sarvatra has provided digital payment platform from the smallest cooperative banks to the largest lenders in India like ICICI Bank, IDBI Bank and new generation clients like Paytm Payments Bank, Equitas Small Finance Bank etc.

 

Sarvatra backed by prominent investors like Mr. Vallabh Bhanshali, Chairman, Enam Group, ICICI Bank, Indian Overseas Bank and Oracle Financial Services Software, has played a vital role in contribution towards Financial Inclusion in India.

 

Mr. Dilip Asbe, MD & CEO, National Payments Corporation of India said, “Sarvatra started with NFS, providing RuPay Debit and Kissan Credit Cards issuance and enabling transactions on ATMs, POS and eCommerce. They are bringing sub-member banks on other NPCI platforms like IMPS, UPI, AePS and Bharat BillPay. Sarvatra not only on boards UCBs but also SCBs and DCCBs which is helping in financial inclusion.” Read more

DHFL Pramerica Life Insurance and SVC Bank foray into a Bancassurance partnership

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

DHFL Pramerica Life Insurance, one of the leading life insurance companies in India recently entered into a Bancassurance partnership with SVC Co-operative Bank Limited, one of the oldest Urban Co-operative Bank in India for the distribution of specialized products to its customers. Under this agreement, SVC Bank will offer DHFL Pramerica Life Insurance’s customized products and solutions to its customers through its extensive pan India network of 198 branches as well as online network. The objective of this partnership is to offer easy access to simple life insurance products, thereby improving the insurance protection gap and strengthening the distribution network of DHFL Pramerica Life Insurance. Read more

HDFC Bank offers Hajj Umrah ForexPlus card in Telangana and Andhra Pradesh

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Hajj Card

HDFC Bank Ltd., is offering Hajj Umrah Forex Plus card across 78 select branches in the states of Telangana and Andhra Pradesh to pilgrims making the holy pilgrimage to Hajj. Pilgrims can avail foreign exchange in Saudi Riyal currency at any of these branches of the Bank in these states. Pilgrims using Hajj Umrah ForexPlus card will benefit from the enhanced insurance cover. Furthermore, the Bank has partnered with merchants to offer exclusive deals and offers for pilgrims using this card. Read more