The Kolkata-based state-run lender has just unveiled a debit card with option to design it with photograph of customer's choice or with illustrations from a preloaded gallery.
The Hinduja Group controlled bank has informed the exchanges about an ‘exclusivity agreement’ with the micro lender to explore merger or expansion plans.
The home loan market has been the major driver of retail loan growth for banks in the absence of corporate and large project loans.
"We would like it to be bigger next year," said Seema Chaturvedi, chairperson of Project AIRSWEEE and a former member of TiE Global’s board of trustees.
This is the second overseas fund raising by Aye Finance in the last four months after the Swiss impact investment manager Blue Orchard put in Rs 80 crore in May.
To be fair to Urjit Patel, one would argue that it is extremely difficult for anybody coming after someone like Rajan because of the IMF economist’s stature.
Public sector banks are piling the pressure on employees in a bid to remain competitive.
The bank's net losses widened to Rs 663 crore in the first quarter to June 30.
The proposal was to stop salaries in 11 prominent branches in Kolkata which failed to deliver in important aspects like lending and recovery of sticky loans.
At least four senior bankers working at rural branches said that lending has been slow in other states as farmers often delay repaying their loans in anticipation of a state largesse.
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