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Banking Industry India News & Recent Update | IBEF

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Pvt banks back to drawing board, expand branch network to boost efficiency Mumbai: Private banks in India added a significant number of new branches in FY19 to help in customer acquisition and loan origination....

Business Standard May 24, 2019

Citi ties up with Paytm to launch co-branded credit cards Mumbai: One of the largest credit card issuers in India, Citi has partnered with Paytm to introduce co-branded credit cards with a slew of incentives to augment its penetration in the country....

PTI May 15, 2019

Nabard announces Rs 700-cr VC fund for agri, rural startups Mumbai: The National Bank for Agriculture and Rural Development (NABARD) is going to set up a Rs 700 crore (US$ 100.11 million) venture capital (VC) fund for undertaking investments in agriculture and rural-focused startups....

PTI May 14, 2019

Economic growth, high disposable income to aid banks' deposit mobilisation' Mumbai: Higher growth in Indian economy and increased disposable incomes can accelerate the deposits growth in the Indian banking system, according to the Reserve Bank of India (RBI)....

PTI May 13, 2019

Banks loosen purse strings for corporate sector; lending picks up in FY19 Mumbai: Gross bank credit to India's industry grew 6.9 per cent year-on-year to Rs 28.9 billion (US$ 414.97 million) in FY19, as per data released by the Reserve Bank of India (RBI)....

Business Standard May 02, 2019
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