BFSI Weekly Newsletter: February 3, 2015, Volume 02, Issue 05
Engagement Platform to chart the growth path for banking, financial services and insurance industry in India.

Stay abreast with Challenges, Innovations and Opportunities in the BFSI sector.
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  Reliance, Birla, Bharti seek payment bank licence
  RBI had extended the deadline for the submission of applications to open small finance   banks and payments banks to 2 February from 16 January. Read More



  Dena Bank revises interest rates on fixed deposits
  For retail term deposits in 7-45 days maturities interest rates have been increased by
  100-175 points. Read More
  HDFC plans app to facilitate 24X7 money transfer
  HDFC Bank is planning to introduce a new app, Chillr, which will allow users to send money   to any contact in their phone books, 24 hours a day, seven days a week. Read More
The government has invited applications for appointment of whole-time members at Insurance Regulatory and Development Authority of India (IRDA). Read More
As many as 11.5 crore bank accounts have been opened under the PMJDY, exceeding the enhanced target of 10 crore and covering 99.74 per cent of households. Read More


Cashing in on Tech Edge

Ours is the first private bank to offer a solution to farmers using a RuPay card. As a bank, we act as partners and trusted advisors to our clients, so as to leverage the utility and effectiveness of cutting-edge technology.

Tushar Trivedi
Executive Vice President, Kotak Mahindra Bank


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