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City Union Bank customers can pay direct & indirect taxes with much ease

6Jan

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BANK, ENGLISH, TAMILNADU

City Union Bank customers can pay direct & indirect taxes with much ease

Forthe convenience of its customers, tech-savvy and the oldest private banking lender City Union Bank Limited Forthe convenience of its customers, tech-savvy and the oldest private banking lender City Union Bank Limited (CUB) on Tuesday announced the completion of its technical integration with the brand new e-filing portal TIN 2.0 (www.eportal.incometax.gov.in). Thus making it one of the few Private Banks to be fully integrated with the new Income Tax department portal. In October 2021, City Union Bank became one of the few Scheduled Private Sector Banks to get approval as a collections partner for taxes, after the announcement to permit private banks to participate in Government business. “Now City Union Bank customers – Individuals as well as Corporates – can pa...

HDFC Bank partners with Microsoft as part of its Digital Transformation Journey

5Jan

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BANK, ENGLISH, INDIA

HDFC Bank partners with Microsoft as part of its Digital Transformation Journey

HDFC Bank partners with Microsoft as part of its Digital Transformation Journey To leverage Microsoft Azure stack to consolidate and modernize its enterprise data landscape Enhance employee productivity and customer experience using Microsoft Power Platform Embed Microsoft Security solutions to enable secure hybrid work for employees Chennai, January 3, 2023 : HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the ne xt phase of its digital transformation journey and unlocking business value by transforming the application portf olio, modernizing the data landscape and securing the enterprise with Microsoft Cloud. HDFC Bank as a part of its Future Ready strategy is developing in house IPs as well as partnering with several co mpanies including ...

YES BANK partners with Microsoft to transform mobile banking experience

4Jan

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BANK, ENGLISH, TAMILNADU

YES BANK partners with Microsoft to transform mobile banking experience

YES BANK partners with Microsoft to transform mobile banking experience Chennai, January 3, 2023: YES BANK announced that it has partnered with Microsoft to bring forth a next gene ration mobile application (app) with a view to provide customers with a personalised banking experience. YES B ANK will leverage Microsoft’s Azure platform to create the app which will offer customers - a host of services s uch as online payments, shopping, rewards, offers, as well as customized dashboards, in addition to traditional banking functions. Using a cloud-native approach, the all-new app will run on Microsoft's enterprise-grade cloud platform, and will support YES BANK in scaling up various services by bringing merchants and ecosystem partners on to a common platform. This will empower the Bank...

Bank of India cuts its auto loans to 8.30% per annum

13Dec

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BANK, ENGLISH, INDIA

Bank of India cuts its auto loans to 8.30% per annum

Bank of India cuts its auto loans to 8.30% per annum ~ Zero processing charges on auto loans up to 31 December 2022 ~ With cars now considered a necessity rather than a luxury, Bank of India’s Star Vehicle Loan Scheme offers an attractive loan for purchase a four-wheeler (old or new) with an initial interest rate of 8.30% per annum. The loan will have zero processing charges up to 31 December 2022. Individuals and corporate entities can avail of this loan with a flexible repayment period of up to 84 months. The Star Vehicle Loan EMI begins at as low as Rs.1, 574 per lakh, which helps ease the financial burden on borrowers. To encourage the use of electric vehicles, Bank of India is also offering 100% financing against on-road price of Tata Naxon/Punch /All EV’s Variants an...

13Dec

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BANK, ENGLISH, TAMILNADU

Axis Bank launches the 7th Edition of ‘Evolve’ for MSMEs

Axis Bank launches the 7th Edition of ‘Evolve’ for MSMEs An exclusive knowledge sharing seminar for MSME customers on ‘Digitization’ and ‘Export Opportunities’. Dun & Bradstreet is the knowledge partner for this multi-city event Chennai, 09th December, 2022 – Axis Bank, India's third largest private sector bank, hosted the 7th edition of 'Evolve’, an annual knowledge sharing seminar for Micro, Small and Medium Enterprises (MSMEs) in C hennai. The 7th edition of Evolve focused on the broader theme - ‘Indian SMEs: Shifting Gears for Next Level Gr owth’ with sub themes ‘Digitalization to Building Indian SMEs’ and ‘Export Opportunities for SMEs in the New World Order’. The seminar was addressed by Sangram Singh, President Commercial Banking Coverage Group (C BG), Axis Bank. ...

43 companies in the 2022 Burgundy Private Hurun India 500 are based in Tamil Nadu

4Dec

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BANK, ENGLISH, INDIA

43 companies in the 2022 Burgundy Private Hurun India 500 are based in Tamil Nadu

43 companies in the 2022 Burgundy Private Hurun India 500 are based in Tamil Nadu Key Highlights: - 43 companies in 2022 Burgundy Private Hurun India 500 are based in Tamil Nadu The cumulative value of companies from Tamil Nadu stands at INR 8.3 lakh crore Big 3: With a value of INR 64,955 crore, Apollo Hospitals Enterprise is Tamil Nadu’s most valuable company, followed by Cholamandalam Investment and Finance Company with INR 58,243 crore and TVS Motor Company with INR 54,447 crore One company doubled in value from Tamil Nadu in 2022 Burgundy Private Hurun India 500 List Financial Services led the way with 12 companies, followed by Automobile & Auto Components and Healthcare with 8 and 4 entrants respectively Total sales of companies from Tamil Nadu in the 2021 ...

Financial Results for Quarter/Half Year ended 30th September 2022

3Nov

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BANK, ENGLISH, TAMILNADU

Financial Results for Quarter/Half Year ended 30th September 2022

Financial Results for Quarter/Half Year ended 30th September 2022 Bank’s Global Business reached ₹10.27 lakh Cr Operating Profit up by 11% YoY Key Highlights (Quarter ended Sep’22 over Sep’21) Net profit up by 12% YoY Net Profit up by 12% YoY at ₹1225 Cr in Sep’22 from ₹1089 Cr in Sep’21 Operating profit for Sep’22 up by 11% YoY at ₹3629 Cr from ` 3276 Cr in Sep’21 Net Interest Income increased by 15% YoY to ₹4684 Cr in Sep’22 from ₹4084 Cr in Sep’21 Fee based income grew by 18% YoY to ₹723 Cr in Sep’22 Cost-to-Income Ratio stood at 44.27% in Sep’22 as against 45.85% in Sep’21 Domestic NIM stood at 3.20% in Sep’22 as against 2.89% in Sep’21 Return on Assets (RoA) improved to 0.71% in Sep’22 as against 0.69% in Sep’21 Return on Equity (RoE) im...

TMB having pan India presence with 509 branches and 12 Regional Offices across 16 states and 4 Union Territories

28Oct

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BANK, ENGLISH, PRESS MEET, TAMILNADU

TMB having pan India presence with 509 branches and 12 Regional Offices across 16 states and 4 Union Territories

Tamilnad Mercantile Bank Ltd (TMB) one of the renowned Old Private Sector Banks, having its Head Quarter in Thoothukudi Tamilnad Mercantile Bank Ltd (TMB) one of the renowned Old Private Sector Banks, having its Head Quarter in Thoothukudi has a long cherished history of 100+ years of eventful existence with strong fundamentals and an enviable track record of continuous profit making in the industry. TMB having pan India presence with 509 branches and 12 Regional Offices across 16 states and 4 Union Territories serves more than 5 million delighted customers. The Board of Directors of Tamilnad Mercantile Bank Ltd took on record the reviewed results of the Bank for the half year ended 30.09.2022 in their meeting held at Chennai on 27.10.2022. Shri. S.Krishnan, Managing Director ...

20Oct

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BANK, ENGLISH, INDIA

இலங்கையில் நிலைமை தொடர்ந்து முன்னேற்றமடைந்து வருவதால், மாஸ்டர்கார்டு‘

இலங்கையில் நிலைமை தொடர்ந்து முன்னேற்றமடைந்து வருவதால், மாஸ்டர்கார்டு‘ மாஸ்டர்கார்டின்‘அன்புடன்இலங்கை விளம்பர முன்னெடுப்பானதுபல்வேறு வெகுமதி கள் மற்றும் அனுபவங்களை வழங்கி இந்திய சுற்றுலாப் பயணிகளை அந்நாட்டிற்கு சுற் றுலாசெல்ல ஊக்குவிக்கிறது மாஸ்டர்கார்டு வைத்திருப்பவர்கள் ஒப்பற்ற சலுகைகள், தள்ளுபடிகள், மற்றும் அனுபவ ங்களை தங்களதுஇலங்கை பயணங்களின் போது பெற்று மகிழலாம் 19 அக்டோபர் 2022, புதுடெல்லி:இலங்கையில் நிலைமை தொடர்ந்து முன்னேற்றமடைந்து வருவதால், மாஸ்டர்கார்டு‘அன்புடன்இலங்கை என்கிறவிளம்பர முன்னெடுப்பை இன்று துவங்கியுள்ளது.இதன்மூலம், இந்த அழகிய தீவு தேசம் வழங்கும் பரந்த அளவிலான மற க்க முடியாத அனுபவங்களைப் பெற இந்திய சுற்றுலாப் பயணிகளைஅங்கு சுற்றுலா செ ல்ல ஊக்குவிக்கிறது. இந்த விளம்பரப்பிரச்சாரத்தின் ஒரு பகுதியாக, இந்திய சுற்றுலாப் பயணிகளின் விருப்பமான இடமாக இலங்கையை உருவாக்குவ...

The Chennai based Billionaire Venture Incubation and DBS Bank are signing an MoU today to facilitate investment

15Sep

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BANK, ENGLISH, PRESS MEET, TAMILNADU

The Chennai based Billionaire Venture Incubation and DBS Bank are signing an MoU today to facilitate investment

The Chennai based Billionaire Venture Incubation and DBS Bank are signing an MoU today to facilitate investment Billionaire Venture signs MoU with DBS Bank Chennai, 14 Sep. 2022 The Chennai based Billionaire Venture Incubation and DBS Bank are signing an MoU today to facilitate investm ent in the fast-growing startups in India through a Special Purpose Vehicle (SPV) formed by this joint venture in the form of equity. Dr. Subhash Sukumar, Board Member, Billionaire Venture Incubation said, “The newly formed joint venture will earmark about $200 million in collaboration with DBS Bank to extend capital for about 150+ startups in Tamil N adu, Karnataka and Maharashtra initially. Plans are also underway to expand to northern part of the country at a later date”. Besides ...