Allahabad Bank gets fresh capital of Rs 2,153 crores

The Department of Financial Services in a letter conveyed the sanction for release of the fresh capital infusion fund of Rs 2,153 crore, Allahabad Bank said in a regulatory filing. Continue Reading

Fintech panel suggest changes to fixed deposits, other financial instruments

An inter-ministerial panel on fintech has suggested legislative changes be made to enable fixed deposits (FDs) and other financial instruments to be issued in dematerialised form as it is customer-friendly and secure. Continue Reading

Indian Overseas Bank conducts zonal level meet

As per the instructions issued by Department of Financial Services, Ministry of Finance, the first stage of the bottom up consultative process designed to generate ideas and review performance of the branches and their alignment with the national priorities was conducted in Chennai on 17 and 18 August by Indian Overseas Bank in the presence of MD and CEO, Karnam Sekar involving all the branches within the region’s jurisdiction. Continue Reading