<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Bank Archives - NRI News</title>
	<atom:link href="https://nrinews24x7.com/category/bank/feed/" rel="self" type="application/rss+xml" />
	<link>https://nrinews24x7.com/category/bank/</link>
	<description></description>
	<lastBuildDate>Tue, 23 Jun 2026 19:14:25 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=7.0</generator>

<image>
	<url>https://nrinews24x7.com/wp-content/uploads/2023/06/cropped-NRI_NEWSFavi-32x32.png</url>
	<title>Bank Archives - NRI News</title>
	<link>https://nrinews24x7.com/category/bank/</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>ICIEC and the National Bank of Bahrain Collaborate on Trade Finance Insurance to Enhance Member State Trade</title>
		<link>https://nrinews24x7.com/iciec-and-the-national-bank-of-bahrain-collaborate-on-trade-finance-insurance-to-enhance-member-state-trade/</link>
					<comments>https://nrinews24x7.com/iciec-and-the-national-bank-of-bahrain-collaborate-on-trade-finance-insurance-to-enhance-member-state-trade/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 23 Jun 2026 19:14:23 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Insurance]]></category>
		<category><![CDATA[Trade]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181153</guid>

					<description><![CDATA[<p>BAKU: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, has signed a Bank Master Policy (BMP) and Documentary Credit Insurance Policy (DCIP) with the National Bank of Bahrain (NBB) on the sidelines of the IsDB [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/iciec-and-the-national-bank-of-bahrain-collaborate-on-trade-finance-insurance-to-enhance-member-state-trade/">ICIEC and the National Bank of Bahrain Collaborate on Trade Finance Insurance to Enhance Member State Trade</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"><strong>BAKU:</strong> The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-based multilateral credit and political risk insurer and member of the Islamic Development Bank Group, has signed a Bank Master Policy (BMP) and Documentary Credit Insurance Policy (DCIP) with the National Bank of Bahrain (NBB) on the sidelines of the IsDB Group 2026 Annual Meetings, held in Baku, Azerbaijan, from 16 to 19 June 2026.</p>



<p class="wp-block-paragraph">Under these insurance policies, ICIEC will provide insurance cover for eligible trade finance transactions extended by NBB to entities located in ICIEC Member States and support the confirmation of letters of credit issued by banks in ICIEC Member States, helping facilitate cross-border trade while mitigating payment risks.</p>



<p class="wp-block-paragraph">The partnership underscores ICIEC and NBB’s shared commitment to expanding trade finance, strengthening cross-border trade flows, and deepening economic cooperation among Member States. Through the provision of risk mitigation solutions, the agreement enhances confidence in international trade transactions, supports increased private sector engagement, and facilitates the efficient movement of essential goods and services across strategic markets.</p>



<p class="wp-block-paragraph">Commenting on the agreement, <strong>Dr. Khalid Khalafalla, Chief Executive Officer of ICIEC</strong>, said: <em>&#8220;Resilient trade ecosystems require strong financial institutions, trusted partnerships, and effective risk mitigation. These insurance policies with the National Bank of Bahrain bring these elements together, enabling greater confidence in cross-border transactions and expanding trade opportunities across ICIEC Member States. We are pleased to join forces with NBB in supporting businesses and facilitating the flow of trade that contributes to sustainable economic development.&#8221;</em></p>



<p class="wp-block-paragraph"></p>
<p>The post <a href="https://nrinews24x7.com/iciec-and-the-national-bank-of-bahrain-collaborate-on-trade-finance-insurance-to-enhance-member-state-trade/">ICIEC and the National Bank of Bahrain Collaborate on Trade Finance Insurance to Enhance Member State Trade</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/iciec-and-the-national-bank-of-bahrain-collaborate-on-trade-finance-insurance-to-enhance-member-state-trade/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>AU Small Finance Bank Raises Deposit Rates: Senior Citizens Can Now Earn Up to 7.90%</title>
		<link>https://nrinews24x7.com/au-small-finance-bank-raises-deposit-rates-senior-citizens-can-now-earn-up-to-7-90/</link>
					<comments>https://nrinews24x7.com/au-small-finance-bank-raises-deposit-rates-senior-citizens-can-now-earn-up-to-7-90/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 23 Jun 2026 19:05:36 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[Citizens]]></category>
		<category><![CDATA[Deposit]]></category>
		<category><![CDATA[Interest]]></category>
		<category><![CDATA[Rates]]></category>
		<category><![CDATA[Senior]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181146</guid>

					<description><![CDATA[<p>MUMBAI: AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Reserve Bank of India to transition into a Universal Bank, has revised its deposit interest rates across Fixed Deposits (FDs), Recurring Deposits (RDs), and Foreign Currency Non-Resident [FCNR (B)] deposits, effective June 10, 2026. Under the [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/au-small-finance-bank-raises-deposit-rates-senior-citizens-can-now-earn-up-to-7-90/">AU Small Finance Bank Raises Deposit Rates: Senior Citizens Can Now Earn Up to 7.90%</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li><em>Strengthens savings proposition for residents and NRIs with revised FD, RD, and FCNR rates</em></li>



<li><em>Revised rates effective 10<sup>th</sup>&nbsp;June, applicable for customers across India</em></li>
</ul>



<p class="wp-block-paragraph"><strong>MUMBAI:</strong> AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive <em>in-principle </em>approval from the Reserve Bank of India to transition into a Universal Bank, has revised its deposit interest rates across <strong>Fixed Deposits (FDs),</strong> <strong>Recurring Deposits (RDs)</strong>, and <strong>Foreign Currency Non-Resident [FCNR (B)] deposits</strong>, effective <strong>June 10, 2026.</strong></p>



<p class="wp-block-paragraph">Under the revised structure, customers can now earn&nbsp;<strong>up to 7.40% p.a. on FDs and RDs</strong>, while&nbsp;<strong>senior citizens can earn up to 7.90% p.a.</strong>, making AU SFB’s offering among the more competitive and attractive savings avenues in the current rate cycle.</p>



<p class="wp-block-paragraph">The revision comes at a time when savers across India are increasingly looking for stable, high-yield deposit options, while NRIs continue to seek secure and efficient avenues to manage savings across geographies.</p>



<p class="wp-block-paragraph"><strong>The revised peak interest rates are as follows:</strong></p>



<figure class="wp-block-table"><table class="has-fixed-layout"><tbody><tr><td><strong>Product</strong></td><td><strong>Current Peak Rate</strong></td><td><strong>Revised Peak Rate</strong></td></tr><tr><td><strong>FD (Normal)</strong></td><td>7.25%</td><td><strong>7.40%</strong></td></tr><tr><td><strong>FD (Senior Citizen)</strong></td><td>7.75%</td><td><strong>7.90%</strong></td></tr><tr><td><strong>RD (Normal)</strong></td><td>7.25%</td><td><strong>7.40%</strong></td></tr><tr><td><strong>RD (Senior Citizen)</strong></td><td>7.75%</td><td><strong>7.90%</strong></td></tr><tr><td><strong>FCNR</strong></td><td>5.15%</td><td><strong>7.10%*</strong></td></tr></tbody></table></figure>



<p class="wp-block-paragraph"><em>* Interest on FCNR (B) deposits is paid out semi-annually.</em></p>



<p class="wp-block-paragraph">In parallel, the Bank has also enhanced its FCNR deposit rates, further strengthening its NRI banking proposition by offering attractive foreign currency deposit options alongside competitive domestic deposit rates. Together, the revised rates position AU SFB as a comprehensive savings partner catering to both resident Indians seeking higher returns and NRIs looking for efficient cross-border savings solutions.</p>



<p class="wp-block-paragraph">The revised rates apply to both new and existing customers and are available across AU SFB’s <strong>2,790+ touchpoints spanning 21 States and 4 Union Territories</strong>, as well as through its digital channels, including the <strong>AU 0101 app, WhatsApp Banking, and 24×7 video banking</strong>.</p>



<p class="wp-block-paragraph">For detailed tenure-wise interest rates, customers may visit&nbsp;<a href="http://www.aubank.in/" target="_blank" rel="noreferrer noopener"><strong>www.aubank.in</strong></a></p>
<p>The post <a href="https://nrinews24x7.com/au-small-finance-bank-raises-deposit-rates-senior-citizens-can-now-earn-up-to-7-90/">AU Small Finance Bank Raises Deposit Rates: Senior Citizens Can Now Earn Up to 7.90%</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/au-small-finance-bank-raises-deposit-rates-senior-citizens-can-now-earn-up-to-7-90/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Exploring Islamic Finance Solutions for Sustainable Prosperity</title>
		<link>https://nrinews24x7.com/exploring-islamic-finance-solutions-for-sustainable-prosperity/</link>
					<comments>https://nrinews24x7.com/exploring-islamic-finance-solutions-for-sustainable-prosperity/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 17 Jun 2026 04:11:22 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Forum]]></category>
		<category><![CDATA[Islamic]]></category>
		<category><![CDATA[Solutions]]></category>
		<category><![CDATA[SUSTAINABILITY]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181091</guid>

					<description><![CDATA[<p>AZERBAIJAN: The 20th IsDB Global Forum on Islamic Finance was successfully held in Baku, Azerbaijan, under the theme “Achieving Sustainable Prosperity through Islamic Finance,” in conjunction with the IsDB Group Annual Meetings. The Forum brought together distinguished policymakers, regulators, development practitioners, and industry leaders to explore how Islamic finance can foster sustainable prosperity and address [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/exploring-islamic-finance-solutions-for-sustainable-prosperity/">Exploring Islamic Finance Solutions for Sustainable Prosperity</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"><strong>AZERBAIJAN:</strong> The 20th IsDB Global Forum on Islamic Finance was successfully held in Baku, Azerbaijan, under the theme “Achieving Sustainable Prosperity through Islamic Finance,” in conjunction with the IsDB Group Annual Meetings.</p>



<p class="wp-block-paragraph">The Forum brought together distinguished policymakers, regulators, development practitioners, and industry leaders to explore how Islamic finance can foster sustainable prosperity and address development challenges across Member Countries.</p>



<p class="wp-block-paragraph">Aligned with the broader Annual Meetings theme, “Regional Integration for Sustainable Prosperity,” the Forum examined how countries and institutions can leverage Islamic finance to deepen regional integration, enhance economic resilience, and promote inclusive growth across IsDB Member Countries.</p>



<p class="wp-block-paragraph">In his keynote speech, Mr. Taleh Kazimov, Governor of the Central Bank of the Republic of Azerbaijan, reaffirmed Azerbaijan’s commitment to contributing to the future development of the Islamic finance ecosystem, highlighting the country’s role as a reformer and a bridge between regions and markets. He emphasized the importance of a clear strategic vision in shaping future growth and cooperation.</p>



<p class="wp-block-paragraph">Eng. Adeeb Yousuf Al Aama, Chief Executive Officer of ITFC, in a keynote speech on behalf of the IsDB Group, emphasized that Islamic finance should not be viewed merely as an alternative set of financial contracts or a niche segment of the global financial industry, but rather as a values-driven development paradigm that reconnects finance with the real economy, productive activity, shared prosperity, and social well-being.</p>



<p class="wp-block-paragraph">In his opening remarks, Dr. Sami Al-Suwailem, Acting Director General of IsDB Institute, highlighted the significant contribution of the IsDB Group to the development of the global Islamic finance industry, now valued at approximately US$ 4-5 trillion. He underscored the importance of innovation in maintaining the leadership of the IsDB Group and ensuring the industry remains relevant and continues to contribute to sustainable development.</p>



<p class="wp-block-paragraph">Key highlights of the forum included:</p>



<ul class="wp-block-list">
<li>The launch of a new report titled “Islamic Finance in Azerbaijan: Breaking New Ground,” jointly produced by IsDBI and ITFC, along with other flagship publications.</li>



<li>Announcement of a memorandum of understanding between IsDBI and the Labuan Financial Services Authority to explore the Awqaf Free Zones flagship project.</li>



<li>Two high-level panel discussions focusing on Islamic finance and development.</li>



<li>Recognition of top performers in the Applied AI in Islamic Finance Competency Challenge.</li>
</ul>



<p class="wp-block-paragraph">The first panel session explored how Islamic finance can help countries overcome structural development challenges and achieve sustainable economic transformation. Speakers included Mr. Shahin Aydin Mahmudzade, Executive Director, Central Bank of Azerbaijan; Mr. Adnan Zaylani, Deputy Governor, Bank Negara Malaysia; Ms. Mihoko Kumamoto, Director, Division for Prosperity, UNITAR; Dr. Bambang Brodjonegoro, Dean, Asian Development Bank Institute; and Dr. Areef Suleman, Chief Economist, IsDB Group. The session was moderated by Mr. Mustafa Adil, Head of Islamic Finance, London Stock Exchange Group.</p>



<p class="wp-block-paragraph">The second panel session examined practical approaches to mobilizing sustainable finance in support of food and energy security, drawing on insights from Member Countries and partner institutions. Speakers included Mr. Valeh Alasgarov, Chairman of the Board, AFEZ Authority, Azerbaijan; Dr. Mansur Muhtar, Chairman of the Board, Bank of Industry, Nigeria; Professor Emeritus Dato’ Dr. Azmi Omar, President &amp; CEO, INCEIF University; and Mr. Orkhan Vidadi oglu Mammadov, Chairman, Small and Medium Business Development Agency of Azerbaijan (KOBİA). The session was moderated by Mr. Yahya Rehman, Associate Manager, IsDBI.</p>



<p class="wp-block-paragraph">Winners of the Applied AI in Islamic Finance Competency Challenge were also recognized, as follows: Mr. Emin Jaafar (AlifPay) received first place, followed by Mr. Khalil Ben Mohamed (Ayech) in second place, and Mr. Elchin Huseyn (Mink Platform) in third place.</p>



<p class="wp-block-paragraph">The Forum identified key priority areas for future collaboration, including scaling innovative Islamic finance instruments, strengthening institutional partnerships, and enhancing capacity development initiatives. It also reinforced the role of the IsDB Institute as a key partner in advancing practical, innovative solutions that support sustainable development and regional integration within the framework of Islamic finance. A video recording of the Forum is available here: <a href="https://www.youtube.com/live/nGTPhP7y3lw">https://www.youtube.com/live/nGTPhP7y3lw</a></p>
<p>The post <a href="https://nrinews24x7.com/exploring-islamic-finance-solutions-for-sustainable-prosperity/">Exploring Islamic Finance Solutions for Sustainable Prosperity</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/exploring-islamic-finance-solutions-for-sustainable-prosperity/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>AU Small Finance Bank Enhances Climate Action Initiatives with Sustainable Finance Commitment</title>
		<link>https://nrinews24x7.com/au-small-finance-bank-enhances-climate-action-initiatives-with-sustainable-finance-commitment/</link>
					<comments>https://nrinews24x7.com/au-small-finance-bank-enhances-climate-action-initiatives-with-sustainable-finance-commitment/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Mon, 08 Jun 2026 02:05:57 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[climate]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[sustainable]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=181018</guid>

					<description><![CDATA[<p>On World Environment Day, AU SFB highlights its three-tiered approach to advancing climate action and sustainable development MUMBAI: On World Environment Day, AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive in-principle approval from the Reserve Bank of India to transition into a Universal Bank, reaffirmed [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/au-small-finance-bank-enhances-climate-action-initiatives-with-sustainable-finance-commitment/">AU Small Finance Bank Enhances Climate Action Initiatives with Sustainable Finance Commitment</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center wp-block-paragraph" style="font-size:24px"><em>On World Environment Day, AU SFB highlights its three-tiered approach to advancing climate action and sustainable development</em></p>



<p class="wp-block-paragraph"><strong>MUMBAI:</strong> On World Environment Day, AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first institution in over a decade to receive <em>in-principle </em>approval from the Reserve Bank of India to transition into a Universal Bank, reaffirmed its commitment to supporting India’s transition to a low-carbon and climate-resilient future through a focused and integrated sustainability strategy.</p>



<p class="wp-block-paragraph">The Bank’s approach to climate action is anchored in three key pillars &#8211;&nbsp;<strong>Climate Finance, Greening Operations, and Community Engagement</strong>, enabling it to drive meaningful impact across its business and beyond.</p>



<p class="wp-block-paragraph">Commenting on World Environment Day, <strong>Sanjay Agarwal, Founder, MD &amp; CEO, AU Small Finance Bank, </strong>said, <em>&#8220;Climate action requires a sustained and collective effort, and financial institutions have a critical role to play in enabling this transition. At AU Small Finance Bank, we are integrating sustainability across our core business through climate-focused financing, responsible operations, and community engagement. Our strong momentum in renewable energy financing, supported by our Green Deposit mobilisation, reflects our commitment to creating long-term value while contributing meaningfully to India’s climate goals.&#8221;</em></p>



<p class="wp-block-paragraph"><strong>Driving Climate Finance with a Strong Focus on Renewable Energy</strong></p>



<p class="wp-block-paragraph">AU SFB has strengthened its climate finance efforts through its Green Fixed Deposit (Green FD) offering, a specialised deposit product with dedicated deployment towards eligible green assets.</p>



<p class="wp-block-paragraph">As on 31 March 2026, the Bank has mobilised 24,520 Green Fixed Deposits, aggregating to approximately ₹2,950 crore, with 100% deployment into green assets. These include renewable energy (primarily solar projects), clean transportation (electric vehicles), and green buildings, with renewable energy emerging as the dominant focus area.</p>



<p class="wp-block-paragraph">Renewable energy has become a key segment within AU SFB’s green asset portfolio, reflecting both strong market demand and the Bank’s strategic commitment to enabling low-carbon growth. The Bank continues to play an active role in financing India’s clean energy transition by supporting businesses and entrepreneurs across solar, wind, and other emerging clean energy segments through tailored financing solutions.</p>



<p class="wp-block-paragraph">The Bank’s renewable financing footprint spans key high-growth corridors, including Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Uttar Pradesh, Punjab, Karnataka, Telangana, and Haryana, positioning AU SFB as a credible partner in India’s expanding clean energy ecosystem.</p>



<p class="wp-block-paragraph"><strong>Greening Operations through Digital and Efficient Banking</strong></p>



<p class="wp-block-paragraph">Alongside financing climate solutions, AU SFB is committed to reducing its own environmental footprint through responsible and efficient operational practices.</p>



<p class="wp-block-paragraph">The Bank is actively promoting video banking solutions, enabling customers to access services seamlessly while reducing the need for physical visits to branches. This shift helps lower commute-related emissions while also improving customer convenience and operational efficiency.&nbsp; Further strengthening its digital-first approach, the Bank has expanded end-to-end digital onboarding and sourcing journeys, including paperless customer acquisition through its digital sales platform and Straight-Through Processing (STP) capabilities. AI-powered customer onboarding, digital loan journeys, workflow automation across back-office functions, and integrated digital servicing platforms have helped reduce manual interventions, physical documentation, and paper consumption.</p>



<p class="wp-block-paragraph"><strong>Strengthening Communities through Environmental Initiatives</strong></p>



<p class="wp-block-paragraph">As part of its commitment to inclusive and sustainable development, AU SFB continues to invest in community-led environmental initiatives.</p>



<p class="wp-block-paragraph">The Bank undertakes afforestation drives and water conservation programmes, contributing to ecosystem restoration, groundwater recharge, and climate resilience at the grassroots level. These initiatives are designed to deliver measurable environmental and social impact. Recent initiatives, including the restoration of Chennai’s Medavakkam Lake, exemplify the bank&#8217;s commitment to rejuvenation projects that boost regional groundwater and biodiversity.</p>
<p>The post <a href="https://nrinews24x7.com/au-small-finance-bank-enhances-climate-action-initiatives-with-sustainable-finance-commitment/">AU Small Finance Bank Enhances Climate Action Initiatives with Sustainable Finance Commitment</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/au-small-finance-bank-enhances-climate-action-initiatives-with-sustainable-finance-commitment/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>HDFC Bank Strengthens Campus Recruitment Efforts with Marwadi University Partnership</title>
		<link>https://nrinews24x7.com/hdfc-bank-strengthens-campus-recruitment-efforts-with-marwadi-university-partnership/</link>
					<comments>https://nrinews24x7.com/hdfc-bank-strengthens-campus-recruitment-efforts-with-marwadi-university-partnership/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Wed, 03 Jun 2026 22:09:45 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[Campus]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[Recruitment]]></category>
		<category><![CDATA[Talent]]></category>
		<category><![CDATA[University]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180968</guid>

					<description><![CDATA[<p>RAJKOT: HDFC Bank Ltd. has signed a strategic Memorandum of Understanding (MoU) with Marwadi University for students, with a special focus on developing future-ready management talent for the banking and financial services industry. As part of the collaboration, Marwadi University has been empanelled as a preferred institution for talent acquisition, enabling HDFC Bank to engage [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/hdfc-bank-strengthens-campus-recruitment-efforts-with-marwadi-university-partnership/">HDFC Bank Strengthens Campus Recruitment Efforts with Marwadi University Partnership</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="wp-block-paragraph"><strong>RAJKOT:</strong> HDFC Bank Ltd. has signed a strategic Memorandum of Understanding (MoU) with Marwadi University for students, with a special focus on developing future-ready management talent for the banking and financial services industry.</p>



<p class="wp-block-paragraph">As part of the collaboration, Marwadi University has been empanelled as a preferred institution for talent acquisition, enabling HDFC Bank to engage with a high-quality pool of MBA students for internships and recruitment. Students selected through the process will be offered a compensation package of ₹5.75 lakh per annum along with performance-linked incentives and other employee benefits.</p>



<p class="wp-block-paragraph"><strong>Dr Sanjeet Singh, Pro Vice Chancellor, Marwadi University</strong>, shared, “<em>The partnership comes at a time when India&#8217;s banking sector is witnessing rapid transformation driven by digital banking, customer-centric innovation, data analytics, and financial inclusion initiatives. Our partnership represents a significant step towards aligning academic learning with industry expectations. This collaboration will strengthen career opportunities for our students while contributing to the development of skilled talent for the banking sector</em>.”</p>



<p class="wp-block-paragraph">With a workforce of approximately 2.11 lakh employees and a network of 9,689 branches across 4,175 cities and towns in India as of March 31, 2026, HDFC Bank continues to invest in building a strong talent ecosystem to support its growth and customer service excellence nationwide.</p>



<p class="wp-block-paragraph">The university secured over 1,000 job offers from 500 companies, including 212 multinational corporations, with leading recruiters such as TCS, Deloitte, Adani Group, Axis Bank, Amazon, and Wipro participating in the placement process. Students received opportunities across sectors, including IT, consulting, BFSI, e-commerce, manufacturing, and healthcare, with the average package reaching ₹5.28 LPA.</p>
<p>The post <a href="https://nrinews24x7.com/hdfc-bank-strengthens-campus-recruitment-efforts-with-marwadi-university-partnership/">HDFC Bank Strengthens Campus Recruitment Efforts with Marwadi University Partnership</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/hdfc-bank-strengthens-campus-recruitment-efforts-with-marwadi-university-partnership/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Citi to Host Flagship India Conference in Mumbai</title>
		<link>https://nrinews24x7.com/citi-to-host-flagship-india-conference-in-mumbai/</link>
					<comments>https://nrinews24x7.com/citi-to-host-flagship-india-conference-in-mumbai/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Sat, 30 May 2026 01:52:57 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Conference]]></category>
		<category><![CDATA[Economics]]></category>
		<category><![CDATA[ecosystem]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[investment]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180899</guid>

					<description><![CDATA[<p>MUMBAI: Citi will host its flagship India Conference 2026 on June 3 &#38; 4 at the Jio World Convention Centre, Mumbai. The largest event for Citi in India will convene more than 1,000+ clients, 40+ CXOs, and 120+ corporates, representing a combined market capitalization of approximately US$1.8 trillion. Bringing together leaders from across the corporate and financial ecosystem, the conference will create [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/citi-to-host-flagship-india-conference-in-mumbai/">Citi to Host Flagship India Conference in Mumbai</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li><em>Citi India Conference brings together leaders </em>from across the corporate and financial ecosystem<em> to discuss topics shaping business, investment, and economic activity in India and globally.</em></li>



<li><em>The forum reflects Citi&#8217;s longstanding commitment to supporting clients through deep market expertise, global connectivity, and access to strategic opportunities across markets.</em></li>



<li><em>Citi’s global network supports the aspirations of Indian companies going global and connects global MNCs to opportunities in India.</em></li>
</ul>



<p class="wp-block-paragraph"><strong>MUMBAI:</strong> Citi will host its flagship <strong>India Conference 2026 on June 3 &amp; 4 at the Jio World Convention Centre, Mumbai</strong>. The largest event for Citi in India will convene more than <strong>1,000+ clients</strong>, <strong>40+ CXOs</strong>, and <strong>120+</strong> corporates, representing a combined <strong>market capitalization of approximately US$1.8 trillion</strong>.</p>



<p class="wp-block-paragraph">Bringing together leaders from across the corporate and financial ecosystem, the conference will create opportunities for engagement through discussions, networking, and knowledge-sharing.</p>



<p class="wp-block-paragraph">The two-day event will serve as a platform to discuss the forces reshaping business, investment, and economic activity in India and globally. The sessions will cover a range of topics, including the macroeconomic outlook, policy environment, capital markets, emerging investment trends, artificial intelligence, digital infrastructure, and innovation.</p>



<p class="wp-block-paragraph"><strong>Amol Gupte, Citi’s Asia South Cluster &amp; Banking Head</strong>, said: <em>“The Citi India Conference puts a spotlight on India&#8217;s significant and growing role in the world economy and reflects the confidence that global investors and businesses place in India’s future. As we approach 125 years of Citi’s presence in India next year, we are proud to continue to connect India’s most ambitious corporates to global opportunities and multinational companies to opportunities in India — and this conference sits right at the heart of that journey.”</em></p>



<p class="wp-block-paragraph"><strong>K Balasubramanian, India CEO &amp; Banking Head and Indian Subcontinent Sub-Cluster Head, Citi</strong>, said: “Citi is delighted to host Government dignitaries, senior clients, key investors,<em> and thought leaders to this Conference, which is expected to unlock the value of India as an investment destination and provide investors an opportunity to take part in the long-term growth narrative amidst a volatile market. </em></p>



<p class="wp-block-paragraph">As the world’s most global bank, with our leading institutional banking platform in India, Citi connects cross-border perspectives, strategic capital,<em> and transformative ideas. This conference is a natural extension of that commitment. We hope every participant leaves with new perspectives, stronger connections, and a deeper conviction in the India opportunity.”</em></p>



<p class="wp-block-paragraph">The Citi India Conference reflects Citi&#8217;s longstanding commitment to supporting clients through deep market expertise, global connectivity, and access to strategic opportunities across markets.</p>
<p>The post <a href="https://nrinews24x7.com/citi-to-host-flagship-india-conference-in-mumbai/">Citi to Host Flagship India Conference in Mumbai</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/citi-to-host-flagship-india-conference-in-mumbai/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>SBI Launches New LHO to Enhance Regional Focus and Explore Future-Ready Markets</title>
		<link>https://nrinews24x7.com/sbi-launches-new-lho-to-enhance-regional-focus-and-explore-future-ready-markets/</link>
					<comments>https://nrinews24x7.com/sbi-launches-new-lho-to-enhance-regional-focus-and-explore-future-ready-markets/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Fri, 24 Apr 2026 16:20:34 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[Future-Ready Markets]]></category>
		<category><![CDATA[LHO]]></category>
		<category><![CDATA[SBI]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180663</guid>

					<description><![CDATA[<p>MUMBAI: State Bank of India (SBI), the nation’s largest lender, announced the inauguration of its Local Head Office (LHO) in Pune, marking a significant milestone in the Bank’s continued efforts to deepen its regional presence, enhance customer service delivery, and accelerate its growth journey. The Local Head Office was inaugurated by the Hon’ble Union Finance [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/sbi-launches-new-lho-to-enhance-regional-focus-and-explore-future-ready-markets/">SBI Launches New LHO to Enhance Regional Focus and Explore Future-Ready Markets</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li><em>The establishment of a new LHO in Pune is an indication of how SBI is moving forward to meet the aspirations of Viksit Bharat 2047 – Smt. Nirmala Sitharaman, Union Finance Minister</em></li>



<li><em>“SBI’s strengthened presence in Maharashtra through this new LHO is aligned with the State Govt.’s own vision of economic development” – Shri M. Nagaraju, DFS Secretary</em></li>



<li><em>Step is both timely and forward-looking as SBI aspires to increase its balance sheet size to 25% of the country’s GDP from 20% &#8211; Shri CS Setty, Chairman, SBI</em></li>



<li><em>SBI donated Rs 22.15 crore under its CSR activities to support various projects</em></li>
</ul>



<p class="wp-block-paragraph"><strong>MUMBAI:</strong> State Bank of India (SBI), the nation’s largest lender, announced the inauguration of its Local Head Office (LHO) in Pune, marking a significant milestone in the Bank’s continued efforts to deepen its regional presence, enhance customer service delivery, and accelerate its growth journey.</p>



<p class="wp-block-paragraph">The Local Head Office was inaugurated by the <strong>Hon’ble Union Finance Minister, Smt. Nirmala Sitharaman</strong>, in the august presence of <span style="box-sizing: border-box; margin: 0px; padding: 0px;">the<strong> Hon’ble</strong></span><strong> Secretary &#8211; Department of Financial Services, Shri M. Nagaraju, SBI Chairman Shri Challa Sreenivasulu Setty, SBI Chief General Manager – Maharashtra Circle Shri Nand Kishor Singh, and Member of Parliament, Maharashtra, Smt. Medha Kulkarni</strong>, along with senior officials from SBI and other distinguished dignitaries.</p>



<p class="wp-block-paragraph">The establishment of the Pune LHO underscores State Bank of India’s commitment to strengthening its operational capabilities in a key economic region. The state-of-the-art facility will house key administrative and operational functions of the Circle. This integrated framework will collectively enable a more seamless, responsive, and scalable banking experience. The Maharashtra circle was carved out of the Mumbai circle to sharpen the Bank’s regional focus. While the Mumbai LHO will continue to serve the country’s financial capital and Goa, the Pune LHO will serve the rest of Maharashtra.</p>



<p class="wp-block-paragraph">Inaugurating the Local Head Office, <strong>the Hon’ble Finance Minister Smt. Nirmala Sitharaman said</strong>, “<em>The decision of State Bank of India to move its Local Head Office to Pune to serve the rest of Maharashtra, with districts towards the east and southeast of the state, reflects the Bank’s nimble, dynamic, and responsive approach. This move is an indication of how SBI is moving forward to meet the aspirations of Viksit Bharat 2047.</em>”</p>



<p class="wp-block-paragraph">Expressing his thoughts at the ceremony, the <strong>Department of Financial Services Shri M. Nagaraju said</strong>, “<em>SBI’s strengthened presence in Maharashtra through this new LHO is aligned with the State Govt.’s own vision of economic development. This new LHO at the heart of Pune will bring financial decision-making closer to the people. It also positions the Bank right at the intersection of commerce, technology, and opportunity. SBI is an institution woven into the very fabric of India’s growth story with a balance sheet that represents nearly 20% of India’s GDP, and a customer base that is approx 35% of the nation’s population</em>.”</p>



<p class="wp-block-paragraph">Commenting on this development, Shri Challa Sreenivasulu Setty, Chairman, State Bank of India, said: “The inauguration of our Local Head Office in Pune reflects our intent to be closer to our customers and be more responsive to regional opportunities. As SBI aspires to increase its balance sheet’s size to 25% of the Country’s GDP from the existing 20%, this step is both timely and forward-looking as Maharashtra offers immense untapped economic potential and is also a leading indicator of India’s economic activity and scale of the country’s ambitions. Within this Maharashtra circle, Pune accounts for its significant share – 27% of deposits and 34% of loans, underscoring its central role in our business. Pune has evolved into one of India’s foremost centres of education, technology, and industry. It is also recognized as a thriving hub for IT, engineering, and automotive innovation. Therefore, establishing an LHO in Pune is a strategic alignment with a <em>high-growth, future-ready ecosystem.</em>”</p>



<p class="wp-block-paragraph">The inauguration reflects SBI’s continued support for the Government of India’s vision of inclusive and sustainable economic development. By strengthening its regional footprint, the Bank aims to contribute meaningfully to the region’s economic development by supporting critical sectors such as infrastructure, agriculture, MSMEs, and emerging industries. The Pune Local Head Office stands as a testament to the Bank’s enduring commitment to scale, service excellence, and innovation- further solidifying its leadership as India’s foremost banking institution.</p>



<p class="wp-block-paragraph">As part of this special occasion, SBI donated Rs 22.15 crore under its CSR activities for supporting various projects such as water conservation, wastewater management, education, rural livelihoods, community well-being, and healthcare.</p>



<p class="wp-block-paragraph">During the event, Hon’ble Finance Minister also unveiled a commemorative postal stamp dedicated to State Bank of India as a tribute to the Bank&#8217;s unwavering commitment to financial inclusion, innovation, and customer service.</p>
<p>The post <a href="https://nrinews24x7.com/sbi-launches-new-lho-to-enhance-regional-focus-and-explore-future-ready-markets/">SBI Launches New LHO to Enhance Regional Focus and Explore Future-Ready Markets</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/sbi-launches-new-lho-to-enhance-regional-focus-and-explore-future-ready-markets/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>BOBCARD Limited Extends Lifetime Free Offer on Eterna Credit Card</title>
		<link>https://nrinews24x7.com/bobcard-limited-extends-lifetime-free-offer-on-eterna-credit-card/</link>
					<comments>https://nrinews24x7.com/bobcard-limited-extends-lifetime-free-offer-on-eterna-credit-card/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Thu, 23 Apr 2026 10:37:03 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[Bobcard]]></category>
		<category><![CDATA[creditcard]]></category>
		<category><![CDATA[ETERNA]]></category>
		<category><![CDATA[free]]></category>
		<category><![CDATA[Lifetime]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180630</guid>

					<description><![CDATA[<p>Apply by June 30 for Unlimited Lounge Access INDIA: BOBCARD LIMITED, a wholly owned subsidiary of Bank of Baroda, has announced a limited-period Lifetime Free (LTF) offer on its premium BOBCARD ETERNA Credit Card for new customers. Customers can now get ETERNA with zero joining fee and zero annual fee, against a standard joining &#38; annual fee of [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/bobcard-limited-extends-lifetime-free-offer-on-eterna-credit-card/">BOBCARD Limited Extends Lifetime Free Offer on Eterna Credit Card</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center wp-block-paragraph"><em><strong>Apply by June 30 for Unlimited Lounge Access</strong></em></p>



<p class="wp-block-paragraph"><strong>INDIA: </strong><a href="https://www.bobcard.co.in/credit-card-types/premier" target="_blank" rel="noreferrer noopener">BOBCARD LIMITED</a>, a wholly owned subsidiary of Bank of Baroda, has announced a limited-period Lifetime Free (LTF) offer on its premium BOBCARD ETERNA Credit Card for new customers. Customers can now get <a href="https://www.bobcard.co.in/credit-card-types/eterna" target="_blank" rel="noreferrer noopener">ETERNA</a> with zero joining fee and zero annual fee, against a standard joining &amp; annual fee of ₹2,499.</p>



<p class="wp-block-paragraph">Fully geared up for the summer season to fuel your travel plan, the Lifetime Free offer is valid for a limited period until 30th June 2026. ETERNA will offer unlimited domestic lounge access, accelerated rewards on travel, dining, and international spends, reduced forex markup, and other premium lifestyle features. These benefits will help customers achieve their travel goals without stressing about the costs.</p>



<p class="wp-block-paragraph">Beyond fulfilling travel goals, this offer enables customers to unlock meaningful annual savings &amp; lifestyle privileges through waived fees and ongoing partner-led offers, exceeding ₹1,00,000 in value per year. Over three years, Lifetime Free cardholders can realise savings of ₹2,50,000+ compared to similar fee-based offerings in the market<strong>.</strong></p>



<p class="wp-block-paragraph">Under this offer, cardholders are eligible for a range of features, including accelerated reward points (15 reward points per ₹100) on select luxury spending categories like travel, dining, international, and online shopping, a 1+1 complimentary movie ticket benefit every month, 3 reward points on all other spends, and spend-based rewards. These benefits, combined with curated partner offers, further enhance the overall savings potential for customers across everyday and premium spending categories.</p>



<p class="wp-block-paragraph">The card also includes a welcome benefit, 12 months FITPASS Pro membership, valued at ₹48,000, allowing customers access to FITPASS partner gyms across the country for a full year at no additional cost. The cards further provide unlimited complimentary domestic airport lounge access on meeting milestone spends, delivering additional lifestyle value that contributes to the overall annual savings proposition for cardholders.</p>



<p class="wp-block-paragraph">In addition, the ETERNA Credit Card offers a low foreign currency markup and supports UPI-linked credit card payments on its RuPay variant and GPay linkage on Visa &amp; Mastercard variants, enabling usage across both international transactions and everyday domestic spends.</p>



<p class="wp-block-paragraph">The card also provides personal accident insurance coverage, a 1% fuel surcharge waiver, lifetime free add-on cards, and flexible EMI with tenures of 6 to 48 months.</p>



<p class="wp-block-paragraph">Cardholders can further access periodic merchant offers through BOBCARD’s partnerships with top shopping &amp; travel platforms like Amazon, Flipkart, Croma, Make My Trip, Yatra, Reliance Digital, Myntra, &amp; more. These partnerships play a key role in consistently driving additional value and savings for cardholders throughout the year.</p>



<p class="wp-block-paragraph">With this Lifetime Free offer, BOBCARD aims to make premium credit card benefits more accessible, while reinforcing its commitment to delivering value-driven and customer-centric financial solutions<strong>.</strong></p>



<p class="wp-block-paragraph">Commenting on the LTF offer, <strong>Ravindra Rai, MD &amp; CEO BOBCARD LIMITED</strong>, said, “<em>At BOBCARD, we continue to focus on adding value for customers from the very beginning of their relationship with us. This limited-period Lifetime Free offer on the BOBCARD ETERNA Credit Card is intended to provide new customers access to premium benefits without joining or annual fees, while enabling a rewarding and hassle-free credit card experience. The offer also supports cardholders across their everyday spending, travel, and lifestyle needs</em><strong>.”</strong></p>



<p class="wp-block-paragraph">Your ultimate travel offer is here. Use the BOBCARD ETERNA Credit Card to fulfil your travel goal with ease and convenience.</p>



<p class="wp-block-paragraph">This is your opportunity to reimagine credit with a limited-period Lifetime Free BOBCARD ETERNA Credit Card. Go grab it now<strong>!</strong></p>
<p>The post <a href="https://nrinews24x7.com/bobcard-limited-extends-lifetime-free-offer-on-eterna-credit-card/">BOBCARD Limited Extends Lifetime Free Offer on Eterna Credit Card</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/bobcard-limited-extends-lifetime-free-offer-on-eterna-credit-card/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>IMGC and Bajaj Housing Finance Limited&#8217;s Commitment to Affordable Housing Through Mortgage Guarantee</title>
		<link>https://nrinews24x7.com/imgc-and-bajaj-housing-finance-limiteds-commitment-to-affordable-housing-through-mortgage-guarantee/</link>
					<comments>https://nrinews24x7.com/imgc-and-bajaj-housing-finance-limiteds-commitment-to-affordable-housing-through-mortgage-guarantee/#respond</comments>
		
		<dc:creator><![CDATA[Bharat Bureau]]></dc:creator>
		<pubDate>Wed, 22 Apr 2026 06:04:30 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[affordable]]></category>
		<category><![CDATA[Credit]]></category>
		<category><![CDATA[Guarantee]]></category>
		<category><![CDATA[homebuyers]]></category>
		<category><![CDATA[Housing]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[Mortgage]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=180618</guid>

					<description><![CDATA[<p>Aims to strengthen credit access for underserved and first-time homebuyers PUNE: India Mortgage Guarantee Corporation (IMGC), India’s first mortgage guarantee company, has announced a strategic partnership with Bajaj Housing Finance Limited (BHFL), India’s largest non-deposit taking HFC, offering the full suite of mortgage products to expand responsible access to home loans for underserved and first-time homebuyers [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/imgc-and-bajaj-housing-finance-limiteds-commitment-to-affordable-housing-through-mortgage-guarantee/">IMGC and Bajaj Housing Finance Limited&#8217;s Commitment to Affordable Housing Through Mortgage Guarantee</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p class="has-text-align-center wp-block-paragraph" style="font-size:24px"><strong><em>Aims to strengthen credit access for underserved and first-time homebuyers</em></strong></p>



<p class="wp-block-paragraph"><strong>PUNE: </strong>India Mortgage Guarantee Corporation (IMGC), India’s first mortgage guarantee company, has announced a strategic partnership with Bajaj Housing Finance Limited (BHFL), India’s largest non-deposit taking HFC, offering the full suite of mortgage products to expand responsible access to home loans for underserved and first-time homebuyers across India.</p>



<p class="wp-block-paragraph">The collaboration combines IMGC’s expertise in credit risk protection with BHFL’s strong distribution and last-mile lending capabilities to extend formal housing finance to borrowers often excluded due to limited credit histories or informal income profiles.</p>



<p class="wp-block-paragraph">India’s affordable housing segment continues to face a sizeable credit gap, particularly among self-employed individuals and informal workers. Through this partnership, Bajaj Housing Finance will leverage mortgage guarantee-backed solutions to expand access to home loans — including through Sambhav Loans, its affordable housing offering designed specifically for customers with informal income profiles or limited credit history — while maintaining the risk discipline that underpins responsible lending. The partnership will also enable IMGC to deepen its presence in the affordable housing space, supporting the development of a more inclusive housing finance ecosystem and helping bridge the significant housing credit gap across India.</p>



<p class="wp-block-paragraph">Speaking on the partnership, M<strong>ahesh Misra, MD and CEO, IMGC</strong>, said: “<em>This partnership with Bajaj Housing Finance is a step forward in expanding access to housing finance for underserved segments. Mortgage guarantees play a key role in enabling lenders to extend credit with confidence, while maintaining strong risk discipline. With mortgage penetration in India still relatively low compared to global benchmarks, the opportunity to scale responsible lending remains significant, and risk-sharing solutions like mortgage guarantees are critical to unlocking it responsibly</em>.”</p>



<p class="wp-block-paragraph">India’s total outstanding housing credit stood at ₹43 trillion as of February 2026, yet mortgage penetration remains low at around 11-12% of GDP — compared with over 50% in several developed markets, highlighting the significant opportunity to deepen housing finance access across the country. EY estimates a 25% CAGR in India’s affordable housing segment between 2022 and 2027, with ten states, including Maharashtra, Karnataka, and Uttar Pradesh, accounting for over three-quarters of national demand.</p>
<p>The post <a href="https://nrinews24x7.com/imgc-and-bajaj-housing-finance-limiteds-commitment-to-affordable-housing-through-mortgage-guarantee/">IMGC and Bajaj Housing Finance Limited&#8217;s Commitment to Affordable Housing Through Mortgage Guarantee</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/imgc-and-bajaj-housing-finance-limiteds-commitment-to-affordable-housing-through-mortgage-guarantee/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Multilateral Development Banks Unite at COP30 for Resilience and Action</title>
		<link>https://nrinews24x7.com/multilateral-development-banks-unite-at-cop30-for-resilience-and-action/</link>
					<comments>https://nrinews24x7.com/multilateral-development-banks-unite-at-cop30-for-resilience-and-action/#respond</comments>
		
		<dc:creator><![CDATA[News Desk]]></dc:creator>
		<pubDate>Tue, 11 Nov 2025 11:28:42 +0000</pubDate>
				<category><![CDATA[Bank]]></category>
		<category><![CDATA[COP30]]></category>
		<category><![CDATA[MDBs]]></category>
		<category><![CDATA[Report]]></category>
		<guid isPermaLink="false">https://nrinews24x7.com/?p=179727</guid>

					<description><![CDATA[<p>BELEM, BRAZIL: Multilateral development banks (MDBs) reaffirmed today at COP30 their commitment to respond to their clients&#8217; priorities to improve livelihoods and create jobs for the resilience of communities and businesses in the face of intensified climate shocks and ecosystem degradation. Working together as a system, they call for resilient, economically sound development that is rooted in trust [&#8230;]</p>
<p>The post <a href="https://nrinews24x7.com/multilateral-development-banks-unite-at-cop30-for-resilience-and-action/">Multilateral Development Banks Unite at COP30 for Resilience and Action</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<ul class="wp-block-list">
<li><em>New report showcases best practices for delivering resilience and innovative approaches to scaling up adaptation results</em></li>



<li><em>MDBs publish metrics and methodologies to unlock financing for nature and biodiversity</em></li>
</ul>



<p class="wp-block-paragraph"><strong>BELEM, BRAZIL:</strong> Multilateral development banks (MDBs) <a href="https://www.ebrd.com/content/dam/ebrd_dxp/assets/pdfs/green/climate-resilience/joint-mdb-statement-cop30.pdf" target="_blank" rel="noreferrer noopener">reaffirmed today at COP30 their commitment</a> to respond to their clients&#8217; priorities to improve livelihoods and create jobs for the resilience of communities and businesses in the face of intensified climate shocks and ecosystem degradation.</p>



<p class="wp-block-paragraph">Working together as a system, they call for resilient, economically sound development that is rooted in trust and built to last, focusing on stable institutions, reliable infrastructure, employment opportunities, adaptation to the impacts of climate shocks, and the capacity to grow within each country’s context. Their efforts to better support clients include:</p>



<ul class="wp-block-list">
<li>Improving the risk profile of investments and attracting more money by finding new ways to involve the private sector.</li>



<li>Strengthening how results are measured to better capture and track the impact of their investments.</li>



<li>Harmonising their work to simplify financing processes and deliver greater adaptation and mitigation impact</li>



<li>Advancing the implementation of the Joint MDB Long-Term Strategy Programme to support clients with climate planning and the design and implementation of country-led, country-driven platforms.</li>
</ul>



<p class="wp-block-paragraph">Gianpiero Nacci, Managing Director for Climate Strategy and Delivery at the European Bank for Reconstruction and Development (EBRD), said: “As MDBs, we are united in driving economic growth while strengthening climate resilience. The green transition is now a business imperative for competitiveness, with clear market signals from governments, investors, and businesses showing strong demand for climate finance.”</p>



<p class="wp-block-paragraph"><strong>Delivering at scale</strong></p>



<p class="wp-block-paragraph">In 2024, MDBs provided US$137 billion (€118 billion) in climate finance for adaptation and mitigation and mobilised an additional US$134 billion from private capital. Of these amounts, US$85 billion and $33 billion were directed to low- and middle-income economies respectively, putting MDBs on track to reach US$120 billion from their own accounts and US$65 billion in private-capital mobilisation by 2030.</p>



<p class="wp-block-paragraph"><strong>Accelerating action for adaptation and resilience</strong></p>



<p class="wp-block-paragraph">Since 2019, MDBs have doubled their support for adaptation and resilience, delivering over US$26 billion to low- and middle-income economies in 2024 alone. Based on this experience – not only financing programmes and policies, but also linking finance with policy dialogue, strategic planning and institutional capacity-building – they launched at COP30 the technical paper <a href="https://www.ebrd.com/content/dam/ebrd_dxp/assets/pdfs/green/climate-resilience/mdb-technical-paper-innovation-to-impact.pdf" target="_blank" rel="noreferrer noopener"><strong><em>From Innovation to Impact: Building Resilience for People and Planet</em></strong></a>, a new report that showcases more than 100 best practices for delivering resilience, including several pioneering instruments that are expanding resources, mobilising private capital and strengthening systemic resilience.</p>



<p class="wp-block-paragraph"><strong>Enhancing action on nature</strong></p>



<p class="wp-block-paragraph">The MDBs are supporting clients to scale up investments that actively protect, restore, or enhance nature while generating an economic return by improving metrics, methodologies, and the design of financial products. In Belém, they will launch a new framework for nature financing that includes the Common Principles for Tracking Nature Finance and A Practitioner’s Guide to Results Metrics Selection, both designed to support the development of high-quality financial products and attract greater private capital for nature.</p>



<p class="wp-block-paragraph"></p>
<p>The post <a href="https://nrinews24x7.com/multilateral-development-banks-unite-at-cop30-for-resilience-and-action/">Multilateral Development Banks Unite at COP30 for Resilience and Action</a> appeared first on <a href="https://nrinews24x7.com">NRI News</a>.</p>
]]></content:encoded>
					
					<wfw:commentRss>https://nrinews24x7.com/multilateral-development-banks-unite-at-cop30-for-resilience-and-action/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>
