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IDFC FIRST Bank earns international credit rating, marking a step towards global financial markets

IDFC FIRST Bank has been awarded a BBB- Long-Term and A-3 Short-Term credit rating, underscoring its strong capital position and operational expertise. This evaluation enhances the bank's access to international funding and global markets. The stability of its retail deposit base contributes to a solid outlook, setting the stage for IDFC FIRST Bank's future growth and expansion endeavors. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/ctHCGeO via IFTTT
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Banks plan to e-auction cars, vehicles on BAANKNET to speed up recoveries

Banks are planning to auction cars and vehicles on the BAANKNET platform. This initiative aims to streamline the recovery of non-performing assets for lenders. The platform will integrate with VAHAN and RTO services for complete vehicle information. PSB Alliance operates BAANKNET and has already facilitated numerous property auctions. This expansion seeks to enhance efficiency and transparency in asset recovery processes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Vi3KWuZ via IFTTT
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Indian firms line up $7.7 billion in ECB proposals in July

Indian companies filed proposals worth $7.70 billion for external commercial borrowings in July. This represented a significant 27% growth over the previous month's figures. The Reserve Bank of India had eased its borrowing framework earlier in February. Air India and Interglobe Aviation together filed proposals worth $780 million. These companies sought special permissions from the central bank for their borrowings. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/8dOIfiJ via IFTTT
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SBI says bank unions to strike on September 11, September 28-30 and from October 26; operations may be hit

State Bank of India on Monday said bank unions have served strike notices for September 11, September 28-30 and a continuous strike from October 26. SBI said it has made arrangements for normal functioning at branches and offices, but warned that work across the bank may nevertheless be impacted. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/joZXuzx via IFTTT
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Axis Bank launches Arise Homecoming to hire foreign educated talent

Axis Bank has launched Arise Homecoming to recruit Indians studying or recently educated overseas who want to build careers back home. The programme covers opportunities across technology, digital, strategy, wealth and other functions and is also open to professionals with up to two years of international work experience. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/SPOCsqH via IFTTT
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Global Fintech Fest: How Adyen powers payments for global ambition and expansion

The payments ecosystem in India is moving beyond just digitisation, and towards infrastructure that can operate seamlessly across borders, and connected ecosystems. Adyen, a global fintech company with presence in India is positioned to achieve exactly that for Indian merchants who have the ambition to go global and global enterprises expanding in India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/305mvdQ via IFTTT
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Every fourth Jan Dhan account inoperative; 5.72 crore have zero balance: RTI

Nearly 5.72 crore Pradhan Mantri Jan Dhan Yojana accounts currently hold zero balances. Over 15 crore accounts under the scheme are classified as inoperative. Uttar Pradesh leads with the highest number of zero-balance and inoperative accounts. The scheme aims for universal financial inclusion across all households. More than 59 crore accounts hold over Rs 3.15 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/4WN17ac via IFTTT
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