Rajkot: Union Home and Cooperation Minister Amit Shah will visit Rajkot on 22 September to inaugurate the statue of late minister Vitthal Radadiya. He will also address a cooperative bank function during his visit. Late Vitthal Radadiya's son Jayesh is heading a cooperative bank in Rajkot. He recently met with Amit Shah, photograph of which went viral amid speculations of State cabinet expansion soon. DeshGujaratRead More

Gandhinagar: State Bank of India announces the listing of its USD 500 million of “Regulation S” bonds, recently issued at a coupon rate of 4.50 per cent at NSE-IX in Gift City. The bond is priced at a spread of 75 bps over the benchmark and is listing on SGX-ST and NSE-IX. The Notes carry rating of BBB and BBB- from S&P and Fitch respectively. Commenting on the transaction, Shri Rama Mohan Rao Amara, Managing Director (IB, GM & T), SBI, said “The successful issuance of USD 500 million ...Read More

Ahmedabad: Banking operations across Gujarat are expected to come to a halt on Wednesday as over 20,000 employees from nationalised and select private sector banks participate in the one-day nationwide strike called by central trade unions. The shutdown of public sector banks is estimated to affect financial transactions worth ₹15,000 crore in the state. The strike is expected to disrupt cash transactions, cheque clearances, and customer services at both public and private sector branches. Ac...Read More

Jetalpur: Speaking at the function to mark 100 years of Ahmedabad District Cooperative (ADC) Bank here, Cooperation Minister Amit Shah today revisited the past days when he was associated with the bank and recalled how the bank was once in very poor condition and on the verge of shutting down. "25 years ago in the ADC election, you members elected me as Chairman, and the event in that connection was held on this same ground at Jetalpur. It was the 75th year of the bank, and the members then had...Read More

Gandhinagar: Axis Bank, one of the largest private sector banks in India, has become the first Indian bank to execute an aircraft financing transaction through its International Banking Unit (IBU) at GIFT City IFSC. The deal was completed for AI Fleet Services Ltd (AIFS), the leasing arm and wholly owned subsidiary of Air India (a Tata Group Company). This marks a breakthrough in India’s aviation finance sector, traditionally dominated by multinational banks, and reinforces GIFT City’s...Read More

Gandhinagar: HDFC Bank today through  a media release informed that an alert HDFC Bank’s staff in Deesa, Gujarat, was able to safeguard ₹ 59.67 lakhs of a customer preventing him from being cheated by fraudster via the digital arrest scam. An alert staff of HDFC Bank’s Dessa branch noticed an abnormal credit in one of the accounts which was not active. The staff promptly initiated an investigation upon recognising discrepancies in the transaction pattern. Through a series of swift and d...Read More