September Month Banking Awareness 2017

September Month Banking Information 2017:

IndusInd Bank and Bharat Financial Inclusion: For the proposed merger between them.

Punjab National Bank and BSNL: For Mobile Wallet Speedpay Rollout.

Asian Development Bank (ADB) will provide a USD 152 million to Nepal for the implementation and enhancement of its power transmission and distribution.

Five banks of the BRICS Bank Cooperation Mechanism have agreed to establish credit lines in the national currencies and cooperate on credit ratings. The five banks are:

1. Brazilian Development Bank
2. Vnesheconombank
3. Export-Import Bank of India
4. China Development Bank
5. Development Bank of South Africa.

Fincare Small Finance Bank (Disha Microfin Limited) started its banking operations with about 25 operational branches across Gujarat, Tamil Nadu, Karnataka and Andhra Pradesh.

DBS Group Holdings has received in-principle approval from the Reserve Bank of India (RBI) to convert its existing India franchise to a locally incorporated wholly-owned subsidiary (WOS) in India.

Reliance General Insurance has received in-principle approval from the Insurance Regulatory and Development Authority of India (IRDAI) for its initial public offering (IPO).

The First water ATM has been inaugurated by Telangana State Home Minister N Narasimha Reddy at Nalgonda X Roads.

Reserve Bank of India will introduce 100 rupees coin to mark the birth centenary (hundredth anniversary) of AIADMK founder Late Dr. M G Ramachandran.

HDFC Bank got the top in the list of the country’s top 50 brands according to a report released by marketing and advertising conglomerate WPP Plc and Kantar Millward Brown.

Fino Payments Bank has launched its mobile banking app called BPay.

According to a survey conducted by Brand Finance, State Bank of India (SBI) is India’s most trusted and most popular bank.

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