BFSI Weekly Newsletter: February 17, 2015, Volume 02, Issue 07
Engagement Platform to chart the growth path for banking, financial services and insurance industry in India.

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Technology is serving as a vehicle to reach out to the financially excluded people living in the remote areas, says Ajit Rath, General Manager-IT, Union Bank of India. Read More



SBI keen to sell stake in insurance subsidiaries
We have started talks with all our insurance joint venture partners and certain amount of action has also started," said SBI Chairperson Arundhati Bhattacharya. Read More
Bank of India teams up with YouFirst Money for payment bank foray
While YouFirst would strive to bring the financially under-served in the financial services mainstream, Bank of India will compliment by addressing credit needs. Read More
ICICI bank has tied up with UAE Exchange to offer an instant bank transfer service - FLASHremit - to the Indians residing in the Gulf nation. Read More
Cardless withdrawal facility may also be made available at lakhs of point of sale terminals at shops which provide cash-out facilities. Read More
The service enables users to instantly send money to any e-mail id, mobile number,friends on Facebook and bank account. Read More


SBOP: In the Forefront of financial inclusion

At a time, when the government is determined to achieve comprehensive financial inclusion in the country, there is an urgent need to make people banking and finance-literate, especially in Tier II and Tier III cities

P K Chophla
CGM & CVO, State Bank of Patiala
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