2. This scheme offers complete solution that combines saving, borrowings & protection for emerging affluent segment. Target segment:- young, upwardly mobile, techno literate professional between 25-40 yrs and annual income between (5,00,000 โ 40,00,000). As in India , emerging affluent is rapidly increasing at 18% p.a . StanChart Launches Preferred Banking For Emerging Affluent.
11. Belgian Insurer Ageas โ 26%IDBI (MD&CEO) :- Mr. G.V NageswaraRao Fedral gets to add its name in 3-way life J.V with IDBI.
12. After 90 long years of banking, State Bank of Indore (also known as Indore Bank) has now merged into State Bank of India today as per the Gazette Notification issued on July 28 by the Department of Financial Services. From today all customers of Indore Bank will now be customers of SBI and all branches of State Bank of Indore have started working as branches of State Bank of India. SBI-Indore Bank merged into SBI