As per the latest data released
by the National Sample Survey office it has said that poorest of poor in the
country survive on barely Rs 17 per day in villages and Rs 23 a day in cities.
Bhartiya Mahila Bank proposes to
complete the first six branches at Mumbai, Delhi, Kolkata, Chennai, Indore
& Guwahati. Headquarter at New Delhi and likely to operational by November
this year.
CRISIL cut India GDP growth to
4.8% for the current fiscal.
Andhra Pradesh Grameena Vikas
Bank (APGVB) has opened about 1.5 lakh no-frills ccounts in eight districts of
the State on a single day as part of Direct Benefit Transfer (DBT) initiative.
Central Bank of India and Suvidhaa
launched a prepaid (Channel) card for retailers that will enable people to pay their
utility bills, taxes and book tickets by going to the nearest Suvidhaa outlets.
ICICI Bank Ltd, India’s largest
private sector bank, has launched ICICI Bank Carbon in partnership with Visa.
SBI launches pre-paid card for
for blue collar employees and students named 'State Bank of India smart payout
card'.
i. "The new product will bring
a large number of workers, contract labourers and dependent family members, who
don't have access to the basic banking facilities within the ambit of financial
inclusion.
ii. The pre-paid card can be loaded
with Rs 10,000 at a time with a monthly cap of Rs 25,000.
iii. This can also be used as an add
on card for the existing account holders.
iv. The bank will charge Rs 102 as
fees for issuing the card with a validity of 10 years.
v. This card can be used by
students, who normally carry the debit cards of their parents while studying
outside of their native place, Also, employers can give such cards to their
workers for salary payment".
Indian banks would need Rs 3,90,000-5,00,000
crore capital over the next six years in the wake of Basel III capital
regulations announced by the RBI.
The Bank International Indonesia
(BII) launched its operations in India by opening a branch in Mumbai.
State Bank of India, in
partnership with a non-banking finance company, UAE Exchange and Financial
Services, has launched a card which will enable the holder to receive the remittance
directly on the card. The card State Bank Xpress Money Card can be loaded with
up to Rs
50,000. A maximum of 30 remittances can
be loaded during a calendar year.Prepaid cards are beneficial to customers as
there is no need to open a bank account in State Bank of India.
Axis Bank launched co-branded credit card
that offers a blend of insurance and a number of travel benefits for international
frequent flyers, available in 2 versions, viz. World Select and World.
ICICI Bank, the country’s
largest private sector bank, launched its ‘Branch on Wheels’ to offer basic
banking services in remote areas which have so far been devoid of banking
facilities.
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