ANZ Bank may apply for more branch licences in India, looks to hire more
- ANZ Banking Group, Australia's third-biggest bank by market value, may apply for more branch licences in India, even as it is looking to invest, expand and hire more in this country.
- The Melbourne-based bank, which inaugurated a technology centre in Bengaluru on Monday, is opening a new branch in Delhi on Tuesday .
- ANZ employs nearly 7,500 people in India, with about 2,500 in technology operations.
Standard Chartered announces plan to restructure organisation
- Standard Chartered PLC has announced simplification of its organisational structure aiming to improve accountability, speed up decision making and to deliver the previously announced $1.8 billion of cost savings by the end of 2017.
- The Group has formed a new management team under Bill Winters, group chief executive, to lead and run it. The management team will deliver a plan to address the future performance of the group by the year end, and put in place the new structure.
State Bank of Hyderabad launches mobile app SBH Touch
- State Bank of Hyderabad has on launched its Android app, SBH Touch, a one stop mobile app for various services and products of the bank.
- The app, which is available in Google Play Store for download, provides many services including gateway to online banking, ATM and branch locator, deposit and loan interest rates, deposit and EMI calculator, among others.
- Santanu Mukherjee, Managing Director, SBH has formally launched the application.
IndusInd Bank launches ‘QuickPay’
- IndusInd Bank has launched a service called QuickPay, which enables the bank’s customers to send money instantly to their personal contacts and/or business parties through SMS, e-mail and social media.
- This does not require the beneficiary bank account details. The sender can transfer money and a personalised message through net banking from the bank’s website by just filling the e-mail ID or mobile number of the receiver.
- “Moreover, customers can choose to send e-Gift Cards to anyone, anywhere, anytime,
- The sender gets a ‘Quick code’ that is shared with the recipient. Quickpay takes place via NPCI’s Immediate Payment Service (IMPS Person to Account), which is instant and 24×7,
Allahabad Bank rolls out Mudra card
- Kolkata-based Allahabad Bank has launched the Mudra card, a specialised card for loans under the Pradhan Mantri Mudra Yojana (PMMY).
- The card was launched by the bank’s Chairman and Managing Director, Rakesh Sethi
- According to a release by the public sector lender, the Mudra card will be issued for utilisation of working capital limits.
- It will be extended (by Allahabad Bank) to non-farm enterprises for income-generating activities in the manufacturing and services sectors.
- The loan limit has been fixed at a maximum of up to Rs10 lakh.