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The South Indian Bank Limited (SIB) is a major private-sector bank headquartered at Thrissur in Kerala, India. As of 31 December 2024, the bank had a network of 955 banking outlets (954 branches and 1 service branch) and 1290 ATMs/CRMs (1159 ATMs and 131 CRMs) spanning 26 states and 4 union territories).
The first phase of the bank, with 650 branches and 3,250 post offices as access points, was inaugurated on 1 September 2018. [5] [6] Over ten thousand postmen have been roped into the first phase. [7] [8] By September 2020, the bank had acquired about 35 million customers. [9] The bank had acquired about 40 million customers by December 2020.
The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems.
IDFC First Bank (stylised as IDFC FIRST Bank) is an Indian private sector bank based in Mumbai. Founded in 2015 as a banking subsidiary of IDFC Limited , it shifted focus from infrastructure financing to retail banking in the years after its 2018 merger with Capital First . [ 6 ]
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.
Grow (formerly Grouplend) is a financial technology company that has formed strategic partnerships with various credit unions to extend its product offerings and online lending services. headquartered in Vancouver, British Columbia and founded by Kevin Sandhu and Daniel Cowx in 2014.
A recurring deposit is a special kind of term deposit in India that is offered by Indian banks and India Post which helps people with regular incomes to deposit a fixed amount every month into their recurring deposit account and earn interest at the rate applicable to fixed deposits. [1] [2]
Indiabulls was started in 2000 with the establishment of Indiabulls Financial Services, a stockbroking firm co-founded by IIT Delhi graduate–Sameer Gehlaut. [3] [4] Indiabulls Financial Services subsequently set up subsidiaries in stockbroking, consumer finance, housing finance and real estate, among others.