Current Affairs - Banking

Yes Bank has been recognized as India's highest-rated bank in sustainability for the third consecutive year, as per the S&P Global Corporate Sustainability Assessment (CSA) 2024 and the Carbon Disclosure Project (CDP). The bank achieved a CSA score of 72/100 and is the only Indian bank included in the S&P Global Sustainability Yearbook 2025. It has also maintained an A- (Leadership Band) rating from CDP, reflecting its strong performance in climate risk management and sustainable practices across various ESG parameters.

Axis Bank launched the 9th edition of its Evolve seminar, which focuses on helping Micro, Small, and Medium Enterprises (MSMEs) adapt to digital transformation, innovation, and operational resilience. Since its inception in 2014, the Evolve program has impacted over 9,000 entrepreneurs across more than 50 cities. Axis Bank aims to support MSMEs with practical insights and strategies, allowing them to thrive in the changing business landscape and remain competitive. This initiative highlights the bank’s commitment to MSME growth and innovation.

Punjab National Bank (PNB) partnered with the Indo-Tibetan Border Police (ITBP) by signing a Memorandum of Understanding (MoU) to offer specialized banking services and high-value insurance coverage for ITBP personnel, pensioners, and their families. This partnership aims to enhance financial security and provide extensive insurance benefits such as personal accidental insurance, air accidental insurance, and coverage for medical expenses. The MoU was signed on February 11, 2025, highlighting PNB's commitment to supporting the financial well-being of ITBP members.

IndusInd Bank has become the official banking partner of the Professional Golf Tour of India (PGTI). This collaboration aims to enhance the banking experience for Ultra High Net Worth Individuals (UHNIs) and High Net Worth Individuals (HNIs) through the PIONEER banking program. IndusInd Bank’s partnership with PGTI is part of its strategy to integrate lifestyle experiences with premium banking services, particularly in the sports sector. The bank’s involvement will help grow India’s golfing landscape while offering exclusive engagement opportunities for its premium customers.

Karnataka Bank celebrated its 100th anniversary on February 18, 2024, by launching two new financial products—a specialized savings account for children and a high-interest term deposit scheme. The bank also inaugurated a centenary building, two museums, and 15 new branches to enhance its market presence. These steps highlight Karnataka Bank's commitment to both customer-centric banking and long-term growth, reinforcing its position as a prominent player in India’s financial sector. The bank has also set ambitious expansion goals for the coming years.