Gurugram (Haryana) [India], December 8 (ANI/NewsVoir): Digital marketplace for consumer credit and free credit score platform Paisabazaar and RBL Bank today announced the launch of their new Co-created credit card 'Duet'.

Gurgaon (Haryana) [India], November 17 (ANI/NewsVoir): Digital marketplace for consumer credit and free credit score platform Paisabazaar announced today that it has reached an annualized loan disbursal rate of Rs. 12,000 crore along with an annualized rate of 0.5 million credit cards issued. In Q2 of FY 2022-23, Paisabazaar's disbursals grew by 94 per cent year on year.

The Mumbai-headquartered bank has posted 9 per cent growth in its total revenue to Rs 1,648 crore. Net interest income (NII) grew 16 per cent year-on-year to Rs 1,064 crore while net interest margin (NIM) was at 4.55 per cent.

New Delhi [India], August 4 (ANI/PNN): M1xchange, India's first and leading TReDS platform, in partnership with YES BANK and RBL Bank, announced today that it had started testing of 'Small-Small Factoring' product under the Reserve Bank of India's (RBI's) third cohort of the regulatory sandbox. This product is intended to enable early liquidity to Micro, Small & Medium Enterprises (MSMEs) buyers and sellers and offers a world-class customer experience to MSMEs supported by a convenient and end-to-end digital process. After successful testing under sandbox, a full-scale roll-out of this product is expected to offer a highly effective and efficient solution for over USD 750 Billion credit gap for MSMEs in India.

Mumbai (Maharashtra) [India], June 14 (ANI): The Indian stock market opened in red on Tuesday with less than one per cent slump in the key indices, Sensex and Nifty.

Mumbai (Maharashtra) [India], June 11 (ANI): Private sector lender RBL Bank on Saturday announced the appointment of veteran banker R Subramaniakumar as its new managing director and chief executive officer (CEO).

Mumbai (Maharashtra)/ New Delhi [India], May 30 (ANI/NewsVoir): Cyril Amarchand Mangaldas acted as the legal counsel to United States International Development Finance Corporation (DFC) in relation to USD 100 million Basel III compliant note issued by RBL Bank to DFC, for augmenting its Tier 2 capital.

Mumbai Maharashtra India NewsVoir CASHe Indias preferred AI-driven financial wellness platform today announced the appointment of Mr Naresh Karia as its Non-Executive Non-Independent Director of its systematically important NBFC arm Mr Naresh Karia a rank-holder Chartered Accountant Company Secretary and Cost Accountant brings over 21 years of CXO-level industry experience in banking NBFC and financial services domain apart from last 4 years as an independent business owner and investor Previously Mr Karia served as the CFO at RBL Bank for over 7 years till early 2018 where he was involved in the transformation of the bank into a mainstream mid-sized listed bank Prior to RBL Bank Mr Naresh served with Citigroup India for over 10 years where he held senior-level positions including Controller at Citibank NA India and earlier as Financial Controller CS of Citicorp Finance India Ltd We welcome Mr Karia to our Board said Mr Joginder Rana Vice Chairman and Managing Director of CASHe I am confident his broad-based industry expertise and strategic insights will add value to our Board and our operations We look forward to his contribution at our Board discussions Image Naresh Karia Non-Executive and Non-Independent Director of CASHe PWR PWR

New Delhi Mar 27 PTI Banking services may be hit partially on Monday and Tuesday as a section of bank employees unions has supported the two-day nationwide general strike called by trade unions The joint forum of central trade unions and various sectoral independent trade unions have given the strike call on Monday and Tuesday to protest against governments anti-people economic policies and anti-worker labour policies Their demands include scrapping of the labour codes no privatisation of any form scrapping of the National Monetisation Pipeline NMP increased allocation of wages under MNREGA and regularisation of contract workers among others AIBEA has decided to support this call and join this strike to focus on demands in the banking sectors All India Bank Employees Association AIBEA said Its general secretary C H Venkatachalam said the bank union demands the government to stop privatisation of public sector banks and strengthen them speedy recovery of bad loans higher deposit rates by banks lower service charges on customers as well as restoration of old pension scheme The AIBEA in public sector banks private banks foreign banks cooperative banks and regional rural banks will join the strike the bank union said in a statement A number of public sector banks including countrys largest lender SBI have said that their services may get impacted to a limited extent due to the strike SBI said it has made necessary arrangements to ensure normal functioning in its branches and offices on the days of strike It is likely that work at our bank may be impacted to a limited extent by the strike SBI said City-headquartered Punjab National Bank PNB said AIBEA Bank Employees Federation of India BEFI and All India Bank Officers Association AIBOA has served notices proposing to go on strike on March 28-29 2022 While bank has made all arrangements to ensure normal functioning in its branches and offices it is likely that work in our bank may be impacted to a limited extent by the strike PNB said Bengaluru-headquartered Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices However if the strike materialises the functioning of the bank may be impacted Canara Bank added Private sector RBL Bank said its bank unions are affiliated to AIBOA and AIBEA and the employees associated with these unions may participate in the strike The subject strike is for the issues at the industry bevel and is nowhere related at bank level issues The bank will take all necessary steps for smooth functioning of the banks branchesoffices on the days of strike However it is likely that some of our branches would also be impacted by the strike RBL said Besides the two-days strike the customer banking services may also get impacted on March 31st as RBI has asked the banks to participate in the exercise of annual closure of government accounts for the current fiscal year 2021-22 All government transactions done by agency banks for financial year 2021-22 must be accounted for within the same financial year All agency banks should keep their designated branches open for over the counter transactions related to government transactions up to the normal working hours on March 31 2022 the RBI said in a notification to banks Special clearing will be conducted on Thursday for collection of government cheques and RBI will issue necessary instructions in this regard PTI KPM MR MR

Gurugram (Harayana) [India], February 10 (ANI/NewsVoir): Paisabazaar.com, India's largest* digital marketplace for consumer credit, announced the launch of 'Paisa on Demand' (PoD) - An one-of-a-kind credit card, co-created with RBL Bank.