Finance blog

Banking

FreeCharge acquired by Axis Bank

The third biggest private sector bank in India, Axis Bank, has officially signed an agreement with Jasper Infotech Private Limited to acquire a 100% stake in its subsidiaries, namely Accelyst Solutions Private Limited and FreeCharge Payment Technologies Private Limited, which together make up the FreeCharge brand and its digital payments business. The transaction is of […]

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Turnaround plan submitted by 10 public sector banks

Around 10 state-run banks have submitted turnaround plans to the Government, which is necessary for getting a fresh infusion of funds. These lenders include IDBI Bank, Union Bank and Bank of India among others. According to the Minister of State for Finance, Santosh Kumar Gangwar, it has already been decided that future infusion of capital […]

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Instant personal loans offered by ICICI Bank through ATMs

The largest private sector lender in India, ICICI Bank, has launched a unique facility for instantly disbursing personal loans through automated teller machines (ATMs). This service will help existing salaried customers at ICICI Bank get pre-qualified personal loans up to Rs.15 lakh instantly in their savings accounts and the entire procedure will be completely digital […]

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