Browsing: Banking

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.” 

Union Bank of India said it has been showing good performance in third party income, and is closely working with insurance and mutual fund partners to provide niche products to their customers. 

JCB International Co. Ltd., the international operations subsidiary of JCB Co. Ltd., Japan’s only international payment brand partners with National…

The use case for this pilot is settlement of secondary market transactions in government securities. Use of e₹-W is expected to make the inter-bank market more efficient. Settlement in central bank money would reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk.

Union Bank of India said it has made operational 27 services in all the 6 DBUs inaugurated on October 16, 2022.