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Banking industry news
475 posts
IKEA stores owner Ingka Group to acquire 49% stake in Ikano Bank
Ingka Group, the owner of IKEA stores, is foraying into consumer banking, by acquiring a stake of 49%…
February 13, 2021
HDFC Bank offers SmartUp grants for Indian start-ups
HDFC Bank, a private sector banking group in India, has invited start-ups and solo entrepreneurs to apply for…
February 10, 2021
ICICI Bank, MUFG Bank sign MoU to serve Japanese corporates in India
ICICI Bank, an Indian private sector bank, has signed a memorandum of understanding (MoU) with Japanese lender MUFG…
February 7, 2021
SBI Q3FY21 results : State Bank of India Q3FY21 net profit drops by 6.9% YOY to INR51.9bn
State Bank of India (SBI) registered a 6.93% decline in its net profit for the third quarter of…
February 5, 2021
HDFC Bank, CSC launch EMI collection services for business correspondents
HDFC Bank has joined forces with CSC e-Governance Services India to launch the EMI collection services for CSC-HDFC…
January 28, 2021
NCR to acquire ATM operator Cardtronics for $2.5bn
US software company NCR Corporation has signed a deal worth around $2.5 billion to acquire Cardtronics, a non-bank…
January 26, 2021
Union Bank of India wraps up IT integration of Andhra Bank
Union Bank of India (UBI) said that the IT integration of all erstwhile Andhra Bank’s branches have been…
January 26, 2021
Kotak Mahindra Q3FY21 results : Indian private sector lender reports 16% increase in net profit
Kotak Mahindra Q3FY21 results : Kotak Mahindra Bank, an Indian private sector bank, has registered a 16.1% growth…
January 26, 2021
ICICI Bank launches InstaFX app for authorized money changers
ICICI Bank, an Indian private sector bank, has launched InstaFX, a new mobile app for authorized money changers…
January 21, 2021
Bank Audi sal to sell Egyptian subsidiary to First Abu Dhabi Bank
Lebanon-based Bank Audi sal has agreed to divest its Egyptian subsidiary – Bank Audi sae to UAE-based First…
January 21, 2021