Dena Bank Partners with SBI Life Insurance to offer Group Health Insurance

Dena bank has entered into a partnership with SBI Life Insurance to extend group life insurance Dena Grihaswami Suraksha Yojana'. The MoU signed between Dena Bank and SBI Life Insurance will enable the bank to offer insurance cover to all home loan borrowers and this facility would be offered at a low premium. 

coverage to all home loan borrowers under the scheme ‘

TigerAir Ties Up with ICICI to Offer Free Tickets to Singapore

TigerAir, a premier Singapore-based airline carrier, is being the coolest Santa to ICICI Bank clients this season by presenting a free one way ticket to Singapore on purchasing round tickets. This is offered to every credit and debit card holders. The offer will be accessible from 21^st December 2015 till 3^rd January 2016 for journey between 17^th January and 15^th April 2016. Commuters can get this offer via an exclusive platform made for ICICI Bank clients on the TigerAir’s official website, www.tigerair.com/promo/icici

Dena Bank Intends to Water Down Govt Share to 52 percent

State-managed lender Dena Bank has come to a decision to get its board’s support to water down its government share to 52 percent. The bank has notified the exchanges. The government as of now owns 65 percent equity in the bank. The goal is to escalate equity capital of the bank by bringing down government holding up to 52 percent, on procuring required authorization from the government. 

HSBC to Shut Down Private Financing Biz in India

HSBC Bank

Hong Kong and Shanghai Bank Corporation (HSBC), headquartered in London, has made a decision that shocked many; to close its private banking business in the country by March 2016. This was decided after a tactical evaluation of the international private banking operations in India. This marks more development in the HSBC group approach to streamline business and bring viable growth.