Last Updated : Thursday, May 28, 2020 21:44:39

News of Banks | Banking | NBFC in Gujarat

INTELLECT launches CALM 20, to manage balance sheet risks for BFSI vertical

CHENNAI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Chennai headquartered IT Consulting & Software Services providing company Intellect Design Arena Ltd said of having launched CALM 20, a unified contextual ALM (Application Lifecycle Management) platform to manage balance sheet risks which can be used by companies

TCS launches Cloud Solution for US Banks for Small Biz Loan waiver program

NEW YORK / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Diversified Indian Conglomerate – Sir Ratan Tata headed Tata Group’s IT Consulting & Software services providing arm Tata Consultancy Services (TCS) Ltd said of having launched cloud solution to help US banks manage surge in

MARUTI SUZUKI claims its customers to benefit with HDFC finance schemes

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, New Delhi headquartered automobiles Indian major Maruti Suzuki India Ltd said of its customers set to benefit with the HDFC Bank alliance for consumer finance schemes, which are flexible and suit the consumer needs. In a press-release

WIPRO launches NetOxygen Loan Origination Solution (LOS) Version 7.0

FRANKLIN (TENNESSEE STATE – US) / BANGALORE / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Bengaluru headquartered IT Consulting & Software services providing company Wipro Ltd said of having launched Version 7.0 of NetOxygen Loan Origination Solution (LOS), which simplifies every touchpoint in the loan process making

MAX LIFE INSURANCE and YES BANK extend bancassurance partnership for 5yrs

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, New Delhi headquartered Life Insurance service provider Max Financial Services Ltd said of Max Life Insurance having announced 5-years extension of its strategic bancassurance partnership with YES BANK. In a press-release titled, “Max Life Insurance and YES

REC Board nods 7 SPVs for transmission projects in four Indian States

NEW DELHI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, New Delhi headquartered central government public sector undertaking rural electrification projects financing arm REC Ltd said of the company board having given nod to proposal of incorporation for seven (7) project specific special purpose vehicles in Maharashtra,

iGTB powered First Abu Dhabi Bank Wins Global Finance Award 2020

CHENNAI / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Chennai headquartered Intellect Design Arena Ltd said of one of its leading clients in Middle-East region, the iGTB powered First Abu Dhabi Bank having won global finance award 2020 for best quality liquidity management bank in the Middle

INDUSIND BANK clarifies on rumours and speculation, stock takes a severe hit

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered IndusInd Bank Ltd clarified on the rumours and speculations making rounds in the market regarding the financials, capital appetite, profitability and governance of the bank, however the company stock (shares) took a severe hit on the Indian Bourses,

RBL Bank clarifies on market rumours and speculations

MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered RBL Bank Ltd clarified on the market rumours and speculation, issuing a company statement which emphasized on the claims of the Bank being financially strong, well capitalized, profitable and growing entity with strong governance set-up. For LONG READ,

INFOSYS Study says, “Key Workplace Transformation Decisions Shifting”

(File Picture) Infosys ranked as number one employer in Middle East

BANGALORE / MUMBAI / RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Bengaluru headquartered Information Technology major Infosys Ltd said that the study undertaken by the company indicates of key workplace transformation decisions are shifting from CHROs (Chief Human Resource Officers) to CEOs (Chief Executive Officers), the company surveyed more

ADANI ELECTRICITY completes 1st ever USD Bond issuance, raising USD $1 bln

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered Indian Diversified Conglomerate Adani Group’s Transmission arm – Adani Transmission Ltd said of its wholly owned subsidiary Adani Electricity Mumbai Ltd to have completed first ever US Dollar Bond issuance raising US Dollars $1 billion. For

INTELLECT DESIGN announces World’s First 100%, 45 mins Robotic Deployment

LONDON (UK) | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Information Technology sector company Intellect Design Arena Ltd said of having deployed world’s first 100% 45-minute robotic deployment of its fully-featured transaction banking portal CBX. The press-release titled, “iGTB Announces World’s First 100%, 45-minute Robotic Deployment of

GOCL CORP approves UNION BANK OF INDIA’s $300 mln credit facility offer

HYDERABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Hyderabad headquartered oil marketing & distribution multinational Gulf Oil’s Indian arm GOCL Ltd (formerly Gulf Oil Corporation Ltd) said of its board of directors having accepted line of credit/Standy Letter of Credit (SBLC) facility amounting to USD $300

INDIA establishing a new model of affirmative action, says India’s PetroMin

NEW DELHI | RAJKOT – In a press-release issued by Press Information Bureau (PIB) of India, press & publicity arm of Government of India, it read of Union Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan having said of India establishing a new model of affirmative action, by providing employment and entrepreneurial opportunities

CHOLAMANDALAM FINANCE raises 4 bln rupees through bonds

CHENNAI | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Chennai headquartered financial services providing non-banking finance company (NBFC) Cholamandalam Investment and Finance Company Ltd raised 4 billion (~400 crore) rupees debt from CDC Group through 10-year rupee denominated Masala Bonds. The press-release titled, “Cholamandalam Finance raises INR

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