Current Affairs - Banking

IDFC FIRST Bank has pioneered the introduction of real-time tracking for cross-border payments in India, utilizing Swift GPI technology. This innovative service enables customers to track international money transfers seamlessly through the bank's Mobile App and Internet Banking platforms. By providing transparency and convenience, IDFC FIRST Bank enhances the customer experience, making international transactions as trackable as domestic UPI or IMPS payments. This move underscores the bank's commitment to leveraging technology for improved customer satisfaction and efficiency in banking services.

DBS Bank India has been named one of the 'Best Companies for Women in India' (BCWI) for the ninth consecutive year and has earned a spot in the "Best Companies - Hall of Fame." This recognition highlights DBS Bank's commitment to gender equity, with women comprising 31% of its workforce. The bank aims to increase this to 35% within three years. DBS Bank's dedication to diversity, equity, and inclusion is reflected in its various programs, such as the High-Potential Programme, LEAD Programme, and Reimagine Programme, which empower women employees and support their career development.

IndusInd Bank has collaborated with Tata Power Renewable Energy Limited to offer collateral-free solar financing solutions to Micro and Small Enterprises (MSEs) in India. This partnership aims to promote sustainability, reduce operational costs, and facilitate easy access to solar energy financing for MSEs. The bank will provide loans ranging from ₹10 lakhs to ₹2 crores with competitive interest rates and flexible repayment terms of up to seven years. This initiative reflects IndusInd Bank's commitment to integrating environmental, social, and governance (ESG) factors into its operations and promoting sustainable finance practices.

DBS Bank India has been named one of the Best Companies for Women in India (BCWI) 2024 for an impressive ninth consecutive year. This recognition, conferred by Avtar and Seramount, places DBS Bank in the esteemed "Best Companies - Hall of Fame." The bank's commitment to gender diversity and inclusion is evident in its goal to increase female representation in its workforce from 31% to 35% over the next three years. DBS Bank's Diversity, Equity, and Inclusion (DEI) Council and DEI Champions drive this initiative, fostering a supportive and inclusive work environment.

Solex Energy has collaborated with the State Bank of India (SBI) to facilitate financing for solar projects aimed at commercial, industrial, and institutional clients. Under the Surya Shakti Solar Finance Scheme, SBI will provide loans up to ₹10 crore, helping to make solar energy more affordable and accessible. This partnership will allow Solex Energy to expand solar solutions by supporting clients with site assessments, design, and approvals, while SBI ensures a streamlined loan application process via its digital platform, enhancing solar adoption in India.