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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.
Immediate Payment Service is managed by the National Payments Corporation of India (NPCI) and is built upon the existing National Financial Switch network. In 2010, the NPCI initially carried out a pilot for the mobile payment system with 4 member banks (State Bank of India, Bank of India, Union Bank of India and ICICI Bank), and expanded it to include Yes Bank, Axis Bank and HDFC Bank later ...
On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
Nainital bank is associated with Bank of Baroda, HDFC Bank, LIC, National Insurance Company Limited etc. [10] Currently, NBL has 170 branches in Uttarakhand, Uttar Pradesh, Delhi, Haryana and Rajasthan. [6] [11] It also provide online facilities, apart from Personal Banking, Business Banking, Rural and Agricultural Banking. In 2024 Wipro ,a ...
IFSC may refer to: Indian Financial System Code; International Federation of Sport Climbing; International Financial Services Centre (disambiguation), several financial areas; International Financial Services Centre, GIFT City Financial Centre in India
Related: Rihanna Makes a Strong Case for Wearing Your PJs to Dinner in New Leopard-Print Savage X Fenty Onesie Though some fans criticized her vocals, others defended her impromptu performance ...
From January 2008 to April 2008, if you bought shares in companies when Vernon N. Jordan, Jr. joined the board, and sold them when he left, you would have a -8.1 percent return on your investment, compared to a -4.9 percent return from the S&P 500.
On 23 November 2021, the bank announced its partnership with HDFC Bank, for a co-branded credit card. [16] In 2021, the boards of both Equitas Small Finance Bank and its holding company, Equitas Holding Company, approved a reverse merger between the two companies. [17] The merger was completed in March 2023. [18]