Press release archives - Banking/Financial Services

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Thursday, 13th Nov 2014

ASK Group expands its management team with two senior appointments

ASK Group, a 31 year old investment and wealth management firm today announced two senior appointments in their management team More...

  • Published on Nov 13, 14
IFCI LTD - Performance Highlights for the Half-year ended Sept. 30, 2014

Business Assets have grown by 17% for current half-year to Rs.28,361 crore from September 2013 and by 6% from March 2014. - Gross NPAs reduced to 12.4% from 17.3% in March, 2014 and Net NPA reduced to 9% from 11.4% in March, 2014 - Net Interest Margin improved to 2.4% for current half-year from 2.3% in corresponding half-year in previous year. - Book value per share for cu... More...

  • Published on Nov 13, 14

Thursday, 6th Nov 2014

Axis Bank signs MoU with NongHyup Bank, South Korea

Axis Bank, India's third largest private sector bank, has signed a general purpose Memorandum of Understanding (MoU) with NongHyup Bank (NH Bank), the South Korean bank, headquartered in Seoul, South Korea. The MoU, will serve to strengthen existing ties between the two banks and will help facilitate and enhance cooperation in the areas of Treasury, Trade and other busines... More...

  • Published on Nov 6, 14

Thursday, 30th Oct 2014

Axis Bank launches Online Outward Remittance facility in over 100 currencies

Axis Bank customers can now make Outward Remittances online in over 100 currencies and across 150 countries. First bank to offer seamless, paperless Online Outward Remittances in over 100 currencies. Facility has been enabled in association with Citibank More...

  • Published on Oct 30, 14

Wednesday, 29th Oct 2014

The WSBI Postal Savings Banks Forum was inaugurated by Shri Ravi Shankar Prasad, Minister of Communications & IT and Law & Justice on 29th October, 2014 at Hotel Ashok, New Delhi

Hon'ble Minister underlined the importance of financial inclusion and stated that financial inclusion is emerging as the new paradigm of economic growth. Financial inclusion plays a major role in eradicating poverty. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. He fur... More...

  • Published on Oct 29, 14

Tuesday, 28th Oct 2014

The WSBI Postal Savings Banks Forum's annual meeting is being held in India, hosted jointly by the National Savings Organisation (Ministry of Finance) and the Department of Posts on 29th Oct 2014 at Hotel Ashok, News Delhi

The World Saving and retail banking institute (WSBI), Postal Savings Banks Forum is an annual meeting in recognition of the identity of postal financial service institutions. This year's Forum is being held in India, hosted jointly by the National Savings Organisation (Ministry of Finance) and the Department of Posts. More...

  • Published on Oct 28, 14

Thursday, 23rd Oct 2014

Micro Housing Finance Corporation announces HYE Sep 30, 2014 financials (unaudited) - highlights include crossing 5000 loans, credit rating upgrade, doubling of NPAT

Micro Housing Finance Corporation ("MHFC"), a housing finance company that is focused on providing housing loans to financially excluded urban lower income families, announced its HYE Sep 30, 2014 unaudited results. More...

  • Published on Oct 23, 14

Monday, 13th Oct 2014

Rajasthan emerges as key region for Axis Bank's SME business

Bank's SME portfolio reaches INR 1000 crore milestone in the region - Aims to strengthen reach by adding more centers and increasing branch coverage in the region in coming years More...

  • Published on Oct 13, 14
Dun & Bradstreet in association with Reliance Life Insurance organizes "Life Insurance Risk Management Conclave"

As a part of its on-going efforts to enhance the knowledge on various risk and compliance aspects of domestic as well as global market, Dun & Bradstreet (D&B), the world's leading provider of business information, knowledge and insight in association with Reliance Life Insurance, organized the Life Insurance Risk Management Conclave in Mumbai today. More...

  • Published on Oct 13, 14

Tuesday, 7th Oct 2014

IndiaFirst Life Insurance calls for media and digital agencies for pitches

IndiaFirst Life Insurance, one of the youngest and fastest growing private life insurance companies in India, invited pitches from media and digital agencies. The media agency selected will help IndiaFirst reach out to its stakeholders consistently in an innovative and efficient manner using mass media and OOH; while the digital will help the company establish its digital ... More...

  • Published on Oct 7, 14

Friday, 26th Sep 2014

Micro Housing Finance Corporation receives Credit Rating Upgrade

Micro Housing Finance Corporation ("MHFC"), a housing finance company that is solely focused on providing housing loans to financially excluded urban lower income families, has received an upgrade in its Long Term Bank Facilities (Rs 100 cr) credit rating and is now rated "CARE A-". More...

  • Published on Sep 26, 14

Friday, 19th Sep 2014

Axis Bank signs MoU with China Development Bank

Axis Bank, India's third largest private sector bank, today signed a Memorandum of Understanding (MoU) with China Development Bank (CDB), one of the largest policy banks in China. The MoU would help Axis Bank to support its corporate clients by funding them at competitive pricing and also give the Bank an opportunity to work closely with Chinese companies in facilitating t... More...

  • Published on Sep 19, 14

Thursday, 18th Sep 2014

BJP Tamilnadu raises funds for Jammu and Kashmir floods using mobile Point-of-Sale (mPOS) devices

In the interest of getting swifter relief and to render immediate assistance to families of those affected in natural calamities like floods, cyclones and earthquakes, the Bharatiya Janata Party in Tamil Nadu is now using Mobile Point-of-Sale (mPOS) devices across the state to collect contributions. More...

  • Published on Sep 18, 14

Wednesday, 17th Sep 2014

Mukesh Ambani Leads the Hurun India Rich List for 2014

The number of US dollar billionaires in India is at a record high. According to the Hurun India Rich List for 2014, this is owed to the boom in the stock market and the slight strengthening of the rupee. More...

  • Published on Sep 17, 14

Monday, 15th Sep 2014

Axis Bank launches e-surveillance facility at ATM Locations

Axis Bank, India's third largest private sector bank, today announced the launch of e-surveillance facility, a service that allows a 24x7, 365 days Centrally Monitored Automated Security of ATMs. More...

  • Published on Sep 15, 14