Banking Newsletter - October 10 to 14, 2016

India Infoline News Service | Mumbai | October 14, 2016 17:56 IST

This week saw RBL Bank, NeoGrowth and OPIC sign a commitment for SME Financing to Retail Businesses in India. IIFL presents a weekly snapshot of all the major happenings in the Banking industry.

TOP STORIES
 
YES BANK launches YES TRANSACT: InvoiceXpress
YES BANK, India’s fifth largest private sector bank, has launched YES TRANSACT: InvoiceXpress, a unique Digital Working Capital Management solution that helps to digitize the complete process of invoice presentment, collection of payments, reconciliation and monitoring. Read more
 
Sundaram Finance announces interest rates revision on deposits
Sundaram Finance has announced a revision in interest rates on deposits from 16th October 2016. Read more
 
Metlife Foundation And Verb announce launch of “Inclusion Plus” competition to accelerate financial inclusion across India
MetLife Foundation and Verb announced the launch of the global innovation competition “Inclusion Plus” in India, today. Read more
 
EPIC Energy to mull capital raising via issuance of equity shares
EPIC Energy Ltd has informed BSE that a meeting of the Board of Directors will be held on October 10, 2016, inter alia, to consider and approve the following business: Read more
 
DOMESTIC NEWS

Sundaram Finance announces interest rates revision on deposits
Sundaram Finance has announced a revision in interest rates on deposits from 16th October 2016. Read more
 
RBL Bank, NeoGrowth and OPIC sign commitment for SME Financing to Retail Businesses in India
RBL Bank Limited, NeoGrowth Credit Pvt. Ltd and Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance Institution have jointly committed to provide financing for small and medium enterprises (SMEs) in the Indian retail space. Read more
 
INTERNATIONAL NEWS
 
Ecobank renews partnership with the Global Fund
Ecobank Transnational Incorporated (www.Ecobank.com), the leading Pan-African financial institution, through its Foundation, has renewed its partnership with the Global Fund to Fight AIDS, Tuberculosis and Malaria for a further three years. Read more

 

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