Author: Bfsinxt Desk
Federal Bank, recently announced an extension of its partnership with Ageas Federal Life Insurance by offering Group Credit Shield for Federal Bank’s Credit Card holders. Group Credit Shield a cover that equals the credit limit, up to a maximum of Rs. 3 Lakh for a term of 1 year.
Gagan Aggarwal said, “I am thrilled to join Clix Capital at this exciting juncture in the brand’s journey. I hope to contribute meaningfully as Clix Capital moves forward in its journey ahead – towards break-out growth.”
“We are excited to join hands with Beams team to solve challenges faced by MSMEs/SMEs in their financing requirements. Beams has a built an interesting value add strategy towards companies & we are looking forward to working together with them on problems being solved by Progcap,” said Pallavi Shrivastava, Co-founder, Progcap.
Union Bank of India said it has made operational 27 services in all the 6 DBUs inaugurated on October 16, 2022.
Rakesh Jha, Executive Director (Designate), ICICI Bank said, “We are delighted to be part of the initiative of setting up DBUs across the nation, under the aegis of RBI. They operate like digital branches where customers can undertake banking transactions digitally, at a time of their convenience. They can also seek guidance from experts on banking services at these units.
Customer experience is a major market driver and competitive advantage in the banking industry, and new customer-centric initiatives must provide a differentiated and seamless experience for fast, easy, and full access from anywhere, at anytime, and on their own device. Bfsinxt.com spoke with Vishak Raman, Vice President of Sales, India, SAARC and Southeast Asia at Fortinet on how security operations and strategies are a true enabler and driver of innovation and business initiatives for banks.
Amber Pabreja, CEO and co-founder of Trendlyne said: “We’re already a profitable company. We are raising funds to build our vision of making investing easier and more accessible for people not just in India, but also across the world.”
Narendra Ostawal, Managing Director, Warburg Pincus said, “We believe micro-enterprises in semi-urban and rural India are underserved by formal sources of credit and we believe Vistaar has the potential to fulfil that need gap and be a driver for broad-based growth on those regions and communities. Warburg Pincus has a deep history in partnering with exceptional teams, particularly within financial services and looks forward to a similarly exciting future at Vistaar.”
‘दक्ष (DAKSH)’ is a web-based end-to-end workflow application through which RBI shall monitor compliance requirements in a more focused manner with the objective of further improving the compliance culture in Supervised Entities (SEs) like Banks, NBFCs, etc.
Sriram H. Iyer, Head – International Banking Group, ICICI Bank said, “With the launch of ‘Smart Wire’ facility, which is an industry-first initiative, we are offering our NRI and resident customers a unique combination of speed and an enriched experience of executing a cross-border transaction. We believe this new facility will help our customers to conveniently carry out quick and hassle-free money transfers.”