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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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SBI to hire 12,000 personnel, add 250 branches during FY27: Chairman Setty

State Bank of India plans to hire approximately twelve thousand personnel this financial year. The bank also intends to expand its network by adding around two hundred fifty new branches. SBI and its subsidiary will dilute up to one percent stake in the National Stock Exchange. This divestment is part of the National Stock Exchange's proposed initial public offering. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/n6uah9f via IFTTT
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RBI approves LIC to acquire up to 9.99% stake in ICICI Bank

The Reserve Bank of India has approved Life Insurance Corporation's stake acquisition. LIC can now acquire up to 9.99% of ICICI Bank's share capital. This approval is valid for one year from the RBI's letter date. The central bank's approval will stand cancelled if not utilized within this period. This acquisition is subject to compliance with all applicable regulatory provisions. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/RpMUbi7 via IFTTT
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