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NEDFi declares 8% dividend amounting to Rs 800 lakhs to its shareholders in 2022-23

North Eastern Development Finance Corporation Limited (NEDFi) has declared an 8% dividend of Rs 800 lakh for the financial year 2022-23. NEDFi achieved record-breaking figures in various parameters, including financial assistance and loan portfolio. The net worth of NEDFi crossed Rs 1000 crore, and it facilitated private capital investment of over Rs 20000 crore in the region.

India Needs 5-10 Lakh Additional ATMs To Boost Financial Inclusion

India Needs 5-10 Lakh Additional ATMs To Boost Financial Inclusion
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IB SAATHI: Indian Bank unveils IB SAATHI to enhance banking services

Indian Bank has introduced the IB SAATHI initiative, which aims to provide an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route. The initiative will offer simplified delivery of services, including both basic and value-added offerings. Indian Bank plans to deploy around 5,000 banking correspondents by March 2024 to enhance accessibility and reach.

Indian Bank unveils IB SAATHI to enhance banking services

Public sector Indian Bank on Saturday announced roll out of IB SAATHI initiative aimed at providing an integrated ecosystem for all stakeholders in the financial sector through the business correspondent route. The IB Sustainable Access and Aligning Technology for Holistic Inclusion (SAATHI)

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