Tag Archive for bank

Mahagram ties up with Thane Janta Sahakari Bank Ltd. for BHARAT BILL PAYMENT SYSTEM (BBPS)

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

Mahagram is Agent Institution (AI) registered on NPCI’s BBPS platform under TJSB bank (BBPOU) and a rising fintech company of the country focusing on financial inclusion & assisted ecommerce and banking, has successfully tied up with Thane Janta Sahakari Bank Ltd. for Bharat Bill Payment System (BBPS). The company has announced it after amalgamating its payment services with the Bharat Bill Payment System (BBPS) monitored by National Payment Corporation (NPCI). Mahagram has a digital financial services platform known as “eGramTM” that has brought a payment revolution by delivering an integrated range of services on a robust transaction platform. Aiming at BBPS,Mahagram is trying to resolve difficulties by assisting in a number of services to people’s doorsteps. Like digital payment industry it offers services to help India go cashless. Read more

Toreto Launches Multi-Utility Power Bank “Flare” – Collusion Of Light Combined With Power Bank

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

Toreto, a top-tier and prominent leader in the innovative and portable digital product market has launched Toreto Flare, a power bankthat can be turned into an LED lamp. With its astounding features like, stand-anywhere and hang-anywhere, Flare is an ideal choice to carry on the go. Read more

YES SECURITIES ADJUDGED “INDIA’S BEST INVESTMENT BANK” BY GLOBAL FINANCE MAGAZINE

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

YES SECURITIES, the Investment Banking and Merchant Banking arm of YES BANK, was adjudged “India’s Best Investment Bank” by Global Finance magazine at its 2018 World’s Best Investment Bank Awards. The winners were short-listed based on an extensive annual global survey of industry experts and analysts by Global Finance magazine.

Global Finance editors, with inputs from industry experts, used a series of criteria to score and select winners, based on a proprietary algorithm. Deals announced or completed in 2017 were considered.

Vikas Dawra, Group President & Global Head, Investment Banking, YES Securities said, “This award is a true recognition of our in-depth market understanding and service excellence by industry experts worldwide. Our knowledge driven approach has enabled us to be a trusted advisor to clients, across their growth cycle and played an instrumental role in some of the most complex transactions in 2017. With continued reforms and improving confidence in the economy, we believe that the momentum will only accelerate in 2018.” Read more

Indian SME business networking solution GlobalLinker signs Aboitiz-led ‘Union Bank of the Philippines’

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

GlobalLinker, a business networking solution for SMEs and start-ups has ventured into the international market by partnering with the ‘Union Bank of the Philippines’.

The introduction of ‘Union Bank – GlobalLinker’ amplifies Union Banks’s advocacy for MSMEs to create a digital platform for business growth. Union Bank’s pursuit of innovation includes equipping MSMEs, which make up 99.57 percent of Philippine establishments, with the tools and resources to scale up, to go global, and to contribute to nationwide growth.

Speaking on the expansion, Summi Gambhir, Co-Founder, GlobalLinker said, “We are pleased to extend our platform globally with the Union Bank of the Philippines under the co-branded website Union Bank-GlobalLinker.  We see the Philippines as a growing market for SMEs. The merging of channels and business model will impact the SMEs globally through one common platform. This expansion is in tandem with our vision of establishing GlobalLinker as an international networking solution for SMEs” Read more

Bandhan Bank Limited listing ceremony held today, March 27, 2018 at BSE in Mumbai

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

(L-R): Mr. Chandra Shekhar Ghosh (Managing Director and Chief Executive Officer) Bandhan Bank Ltd with other dignitaries at the gong on the occasion of the listing ceremony of Bandhan Bank Limited held today in Mumbai at the BSE.

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BANDHAN BANK LIMITED: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 15, 2018 and to close on March 19, 2018 Price Band: Rs. 370 to Rs. 375 per Equity Share

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

Mr. Vishal Kampani (JM Financial Ltd.), Mr. Sonjoy Chatterjee (Goldman Sachs (India) Securities Private Ltd.), Mr. Uday Kotak (Kotak Mahindra Bank), Mr. Chandra Shekhar Ghosh (Managing Director and Chief Executive Officer, Bandhan Bank Ltd), Mrs. Shikha Sharma (Axis Bank Ltd.), Mr. Sunil Samdani (Chief Financial Officer, Bandhan Bank Ltd) and Mr. Madhav Kalyan (J.P Morgan Chase Bank N.A., India) at the Bandhan Bank Limited IPO Press conference held in Mumbai today.

Bandhan Bank Limited (the “Company” or the “Issuer”) proposes to open on Thursday, March 15, 2018, an initial public offering of up to 119, 280,494 Equity Shares (the “Offer”), consisting of a Fresh Issue of up to 97,663,910 Equity Shares and an Offer For Sale of up to 14,050,780 Equity Shares by IFC and up to 7,565,804 Equity Shares by IFC FIG (collectively, the “Selling Shareholders” and such Equity Shares offered by the Selling Shareholders, the “Offered Shares”) (“Offer For Sale”). Read more

Muthoot Finance tie up with Global IME Bank for money transfer service to Nepal

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

(L-R ): Mr. Adarsh O.B, Mr. Subhash Tamang (Head Business development of IME), Mr. Arun.K.V , Mr. Goutam ( IME), Mr. Vineeth Wilson (BM), Mr. K R Bijimon, CGM, Mr. Tilochan Paudel ( Customer), Mr. George Alexander Muthoot, Managing Director, Mr. Jayadeep.

Muthoot Finance Ltd, the flagship company of Muthoot Group has tied up with Global IME Bank to expand its money remittance services between Indo Nepal Corridor. Muthoot Finance is the only NBFC to extend the money transfer services from India to Nepal.  Read more

ICICI Lombard signs distribution tie-up pact with RBL Bank

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

ICICI Lombard General Insurance Ltd., one of India’s leading private sector general insurance companies and RBL Bank have entered into a Corporate Agency Tie-up agreement. The agreement has been signed for the distribution of ICICI Lombard’s non-life insurance products at RBL Bank branches all over the country as part of the insurer’s Bancassurance channel focus.

 

ICICI Lombard will now offer its non-life insurance solutions to RBL Bank customers spread across the latter’s 246 branches. Bancassurance tie-up is an important part of ICICI Lombard’s growth strategy and the company is focused on forging successful alliances, to enhance its distribution network in the country.

 

Commenting on the tie-up, Sanjeev Mantri, Executive Director, ICICI Lombard General Insurance stated, “We are delighted to have partnered with RBL Bank. At ICICI Lombard, we endeavor to make our products available to our consumers through multiple and convenient channels. The tie up with RBL Bank is a step forward in this direction and will enable RBL Bank customers to source our non-life insurance solutions from the convenience of their bank’s branches and other customer connect points. We will continue to pursue customer centric ways to help consumers avail of and benefit from our range of non-life insurance offerings.” Read more

BANK OF INDIA Q3 FY18 OPERATING PROFIT AT Rs.1,354 crore

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

Bank of India announced its audited results for the Q3 FY 2017-18, following approval by its Board of Directors on February 12, 2018.

BUSINESS:

  • ·         Global Business of the Bank stood at Rs.9,05,541 crore as on December 31, 2017 against Rs.9,29,656 as on December 31, 2016. The de-growth in total business level has been as a result of conscious decision of the Bank for Consolidation, Cleansing of books and for Conservation of Capital.  Read more

Dena Bank ties up with RXIL for TReDS

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

Dena Bank has started discounting invoices of MSMEs on TReDS platform from05.02.2018.

Earlier, Dena Bank was registered with RXIL (Receivable Exchange of India Ltd) as a TReDS (Trade Receivable Discounting System) partner for discounting invoice of MSMEs on digital platform.

 

On October 24, 2017, Hon’ble Finance Minister, Govt. of India, has mandated all major PSUs to get registered on TReDS platform to shorten cash cycles of MSMEs. Read more