The State Bank of India (SBI) will set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad, Telangana which will be operational in six to nine months of on-boarding a consultant.
India's third-largest private sector bank, Axis Bank has been awarded IFR Asia's Asian Bank of The Year, for its breadth of coverage and depth of expertise in the Asian investment banking space.
ICICI Bank established the 'Emirates Skywards ICICI Bank Credit Card' in partnership with Emirates Skywards, the airline's and flydubai's reward program.
The Government of India has approved a USD 1 billion line of credit (LoC) for Sri Lanka, to help the Island nation for importing food, essential items and medicine.