SBI Quick, a mobile APP, provides a range of services and works on the condition that the SMS/missed call should come from the mobile number registered with the bank.

Centre planned to privatize IDBI Bank, by reducing government’s stake from 76.5 per cent to less than 51 per cent in Nov 2015

In 2015, India was for the first time the leading country in the world for FDI, overtaking the US (which had $59.6 billion of greenfield FDI) and China ($56.6 billion)

The insurer, a joint venture between retail giant Future Group and Italy’s Generali, has tied up with banks such as Warana Sahakari Bank, Sangali District Central Cooperative Bank, Kolhapur District Central Cooperative Bank operating in the Kolhapur and Sangli districts.

The bank has mobilised 1,311 kg of gold since the launch of the scheme in November 2015.

The bank has mobilised substantial gold deposit under Short Gold Bank Term Deposit (STGBD) for three years from one of the leading trusts of India – Tirumula Tirupati Devasthanam, Tirpuati (TTD).

As part of the tie up Indiabulls Housing Finance will distribute HDFC life retail insurance products to its customers.

Winsome Group, largest defaulter after Vijay Mallya’s KFA has paid a fraction of loan back to lenders recently.

Capital Local Area Bank launched the country’s first small finance bank in April 2016, seven months after the Reserve Bank of India gave its in-principle approval for this new type of banks.

Ten entities were given in-principle approval for setting up small finance bank.

This marks MUDRA’s first-ever participation in a capital market deal as the MSME (micro, small and medium enterprises) MUDRA Bank has been the outcome of government’s initiative to increase lending towards small businesses. Janalakshmi is a financial institution servicing the microfinance needs of Urban India, with a market-oriented focus.

A consortium of 17-state-owned financial lenders led by India’s largest lender State Bank of India was formed to recover the money from the airline company.