New Delhi: State Bank of India introduced a term deposit with a 7.25 pc annual return for customers who deposit for 444 days. The product emerges as credit and deposit growth in the banking system diverge, mirroring actions taken by competing banks.
Kotak Mahindra Bank introduces 'distribution guidelines' to enhance customer satisfaction. On Tuesday, Kotak Mahindra Bank revealed a new 'distribution structure' aimed at improving customer satisfaction. Pranav Mishra from ICICI Bank has taken on the role of distribution head, which will cover physical branches, digital banking, and the voice channel, according to a statement.
Bandhan Bank introduces Bharat QR Code for its clients. Bandhan Bank introduced a payment solution via the Bharat QR Code for its customers with current and savings accounts. According to a statement, clients can use banking apps or UPI apps to make payments without needing to have or use their debit or credit cards.