Indian Railways has introduced a groundbreaking scheme that provides ₹1 crore in compensation to the families of employees in the case of accidental death, without any premium payment. This initiative aims to offer financial security to railway personnel and their loved ones, recognizing the risks associated with their jobs. Why in News? The scheme gained … Read more
In a groundbreaking achievement, a Telugu woman banker has been named the ‘Rising Star in Banking’ for 2024. This prestigious honor, presented by the Banking Association of India (BAI), celebrates her exceptional contributions to the banking sector and her innovative approach to modern banking practices. Key Achievements Why This News Matters Historical Context: Gender Equality … Read more
IDFC FIRST Bank has become a pioneer in India by introducing real-time tracking for international money transfers. This innovative feature, developed in partnership with Swift, is available to customers through the bank’s mobile app and online banking platforms. A New Level of Transparency and Convenience Chinmay Dhoble, Head of Retail Liabilities & Branch Banking at … Read more
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