Press release archives - Banking/Financial Services

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Tuesday, 13th Jan 2015

Ujjivan Raises Rs.40 Crores through Non-Convertible Debentures

Bangalore-headquartered Ujjivan Financial Services, a leading microfinance institution with pan-India presence, has raised INR 40 Crores of debt capital through issuance of listed, secured, redeemable, non-convertible debentures (NCDs) to Oikocredit . The NCDs are listed on the Bombay Stock Exchange and have been fully subscribed. Commenting on this second investment by Oi... More...

  • Published on Jan 13, 15

Tuesday, 16th Dec 2014

Axis Bank opens its first 'All Women Branch'

Opened its firs All Women Branch at First Floor, Patliputra Colony, Patna, Bihar.Sees high potential in digital banking services; Growth in ownership of mobile and other electronic devices, driving digital banking; over 80% of the transactions to happen through digital channels in FY15.Axis Bank's overall market share in mobile transactions stands at 13%, as on Sep '14. More...

  • Published on Dec 16, 14
Axis Bank ties up with Tigerair to offer its customers 'Fly out to Singapore for free on round trip'

An exclusive offer for Axis Bank Credit & Debit cardholders Customers can avail a free ticket on booking for round trip to Singapore Offer available beginning 17th December 2014 up to 04th January 2015 More...

  • Published on Dec 16, 14

Tuesday, 9th Dec 2014

Axis Bank launches 20 year Fixed rate home loan for affordable housing at 10.40%

Axis Bank, India's third largest private sector bank, today announced the launch of a 'Lifetime Fixed' interest Home Loan scheme for affordable housing customers. The new product offers home buyers housing loans at a fixed rate of 10.40% p.a. for the entire duration of the loan i.e. up to 20 years. The offer is valid only for a limited period and is created specifically fo... More...

  • Published on Dec 9, 14

Friday, 5th Dec 2014

Home Loan is driving Axis Bank's retail lending business contributing 53% to overall lending book; loan book size as on 30th Sep 14 was Rs. 90,277 Cr

Tamil Nadu contributed a significant 12% towards the bank's overall Retail Lending Business - Strong network presence with 189 Branches, 1192 ATMs, 14 Retail Lending Centres spread across 35 districts in the State - Fifth largest credit card issuer in the country; registered 84% YoY growth in Credit Card FY14 spends, highest in the industry More...

  • Published on Dec 5, 14

Thursday, 4th Dec 2014

Axis Bank closes its Infrastructure Bond Issue. Raises Rs. 5705 crores

Axis Bank Limited ("Axis Bank") today announced that it has closed its Senior Unsecured Redeemable Non-Convertible Debenture issue of amount Rs.5705 crores and priced at 8.85% p.a. payable annually maturing on December 05, 2024. The NCD's are rated AAA by CRISIL & ICRA. More...

  • Published on Dec 4, 14
Task Report on Leveraging Post Office Network submitted to Minster of Communications & IT

The Government has setup a Task Force on Leveraging the Post Office Network. The objective behind setting up of the Task Force is to transform the Post Office network in Keeping with the changing market trends and competition which will include rationalisaiton of the network with focus on mail/parcel services, particularly in rural areas, up-gradation of infrastructure/tec... More...

  • Published on Dec 4, 14

Wednesday, 3rd Dec 2014

HDFC Bank to hold nation-wide Blood Donation Drive on December 5, 2014

India's largest single-day Blood Drive with over 1800 donation camps set up in 906 cities across the country More...

  • Published on Dec 3, 14

Wednesday, 26th Nov 2014

India's SVC Bank Purchases 1000 Thinspace TSE Licenses to Reach Entire Country

Thinspace's easy deployment, local, highly quality support, web based management and pricing wins against the competition More...

  • Published on Nov 26, 14

Tuesday, 25th Nov 2014

MicroGraam and Kiva Form Partnership to Link Global Community of Lenders to Borrowers in India

MicroGraam and today announced a strategic partnership enabling people around the world to fund low-income microfinance borrowers in MicroGraam's network of NGO partners in India. The partnership dramatically expands Kiva's ability to crowdfund microloans in India and makes it possible for MicroGraam to bring crowdfunded capital from outside of India to borrowers ... More...

  • Published on Nov 25, 14
DHFL signs Shah Rukh Khan as Brand Ambassador

DHFL, India's second largest housing finance company in the private sector today announced Mr. Shah Rukh Khan as its Brand Ambassador. More...

  • Published on Nov 25, 14

Sunday, 23rd Nov 2014

Elite Global Solutions spreads its wings into the corporate finance world

Elite Global Solutions, the upcoming platform that bridges venture capitalists and entrepreneurs across the globe brings about new ways to evaluate entrepreneurs and provides the best to the VCs. More...

  • Published on Nov 23, 14

Tuesday, 18th Nov 2014

Reintroduction of Kisan Vikas Patra

Kisan Vikas Patra - a certificate savings scheme reintroduced by Honorable Minister of Finance Sh. Arun Jaitley & Honorable Minister of Communications & IT Sh. Ravi Shankar Prasad at Hotel Ashok, New Delhi. The investment made in the certificate will double in 100 months. The 'relaunched Kisan Vikas Patra will be available to the investors in the denomination of Rs. 1000, ... More...

  • Published on Nov 18, 14

Monday, 17th Nov 2014

VSoft Launches Omnichannel Banking Platform for Co-op Banks

VSoft Technologies, a leading provider of next generation banking business solutions in India has launched its Iris Omnichannel Banking Platform at National Co-operative Banking Summit and frontiers of C-operative Banking Awards Ceremony (NCBS-FCBA 214) on 1st Nov 2014. Iris Omnichannel Banking Channel Platform is one of its kind banking solution that offers various digita... More...

  • Published on Nov 17, 14

Thursday, 13th Nov 2014

Axis Bank opens its 2500th branch at Ahmedabad

Axis Bank, India's third largest private sector Bank, today announced the opening of its 2500th branch. More...

  • Published on Nov 13, 14