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BoI is a founder member of SWIFT (Society for Worldwide Inter Bank Financial Telecommunications), which facilitates provision of cost-effective financial processing and communication services. As on 31 March 2021, Bank of India's total business stands at ₹ 1,037,549 crore (US$140 billion), [3] has 5,108 branches and 5,551 ATMs around the ...
The Banking Regulation Act, 1949 is a legislation in India that regulates all banking firms in India. Passed as the Banking Companies Act 1949, it came into force from 16 March 1949 and changed to Banking Regulation Act 1949 from 1 March 1966. It is applicable in Jammu and Kashmir from 1956.
The Bharat Bill Payment System is a Reserve Bank of India (RBI) conceptualised system driven by the NPCI. It is a one-stop ecosystem for payment of all bills, providing an interoperable and accessible "Anytime Anywhere" bill payment service to all customers across India with certainty, reliability and safety.
Digital Business. Fullerton India recently launched its digital business in 2018. This channel focuses on digital technologies such as an online web portal, mobile applications and tablets. It also focuses on strategic partnerships with fintech companies and aggregators such as Paytm to derive symbiotic benefits and services.
Navi is an Indian financial services company founded by Sachin Bansal and Ankit Agarwal in 2018. Navi operates in the space of digital personal loans, home loans, mutual funds, health insurance and micro-loans.
The company tied up with State Bank of India in 2006, Punjab National Bank in 2007 and Axis Bank in 2013 to offer online trading to its customers. In January 2010, Motilal Oswal Financial Services Ltd. set up Mutual fund business named as Motilal Oswal Asset Management Company (MOAMC).
Central Depository Services (India) Ltd. (CDSL), the first listed Indian central securities depository, was founded in 1999.. The main function of CDSL facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges.
LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance Mortgage loan companies in India having its Registered and Corporate office at Mumbai.LIC HFL is a subsidiary company of LIC.