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Sanjay Agarwal, MD & CEO, AU Small Finance Bank, said, “Under our ethos of ‘badlaav’ we are working towards bringing progressive changes within our organisation to make it more supportive and inclusive for everyone.”
Sumit Sanghai, Head- Large Clients Group, ICICI Bank, said, “Over the years, exports have been an integral part of India’s growth. India’s overall exports in FY 2022 grew by 36% to over USD 670 billion from a year-ago period. It is estimated to touch USD 2 trillion by 2030. ICICI Bank intends to support the growth of exporters with an all-encompassing suite of digital solutions.”
The tie-up between SIDBI and M1xchange is expected to bring liquidity to MSMEs at competitive interest rates.
This partnership would enable diverse customers of AU Small Finance Bank to access the entire range of life insurance products offered by HDFC Life.
Digital marketplace for consumer credit and free credit score platform Paisabazaar and RBL Bank recently launched their new co-created credit card ‘Duet’. Duet is a 2-in-1 credit card that offers cashback on purchases and also a line-of-credit from RBL Bank that enables instant transfer of money into the bank account.
The partnership will provide the AU Bank’s diverse customers access to the insurer’s portfolio and enhance penetration across India.
Bank of Baroda has partnered with six agri companies such as AgriBegri, AgroStar, BigHaat, Poorti, EM3 and Skymet to provide a diverse set of services to farmers within the app itself. The app is available in three languages at present i.e. English, Hindi, and Gujarati – making it accessible to a wider base of farmers.
Sriram H. Iyer, Head – International Banking Group, ICICI Bank said, “We, at ICICI Bank, continue to launch solutions to meet customer needs. In line with this philosophy, we are offering Dollar Bonds and Loan against Deposits to our NRI customers through our branch at GIFTCity. Foreign currency bonds are one of the preferred investment options amongst NRI clients.”
NPCI will extend its BHIM App on an open source code license model to all regulated entities participating in the UPI ecosystem. BHIM licensing model will empower these entities to offer the benefits of UPI to their customers with a ready UPI application that will help reduce time, efforts, and costs for the entities.
Neeraj Dhawan, Country Manager, Experian India, says: “This is a significant milestone in Experian’s mission to use data for good. We want consumers to get easy access to credit information and build a stronger credit ecosystem in India. As the first credit bureau in India to offer such a service, it shows our commitment to driving financial inclusion in India.”