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Bank Related News

SBI raises $1 billion from MUFG via social loan
Feb 05, 2026, 02:09PM ISTState Bank of India has secured a significant $1 billion loan from Japan's MUFG. This marks the first social loan of its kind for an Indian bank. The funds are earmarked for lending to women and women-led businesses. This initiative aims to boost women's economic empowerment and promote gender equality.

'US tariff cut may lift GDP by 20-30 bps', say economists
Feb 04, 2026, 00:59AM ISTIndia's economy is set for a boost as the US lowers tariffs on Indian goods. This move is expected to increase India's GDP by 20-30 basis points next fiscal year. Key sectors like gems and jewellery, textiles, and marine products will see improved exports. The rupee is also likely to stabilize with increased foreign investment.

India-US trade deal may boost New Delhi's growth outlook: CEA Nageswaran
Feb 03, 2026, 04:08PM ISTIndia's economy may surpass earlier growth projections following the US's sharp tariff reduction on Indian goods. Chief Economic Adviser V. Anantha Nageswaran indicated growth could reach 7.4%, a significant upside to the government's forecast. This move is expected to boost exports, revive investment, and make India more attractive for global firms diversifying production.

Rs 12 lakh crore added! Sensex rockets 2,000 pts, Nifty tops 25,700 on India-US trade deal and 4 other factors
Feb 03, 2026, 03:56PM ISTIndian benchmark indices Nifty and Sensex surged significantly following a long-awaited trade deal between India and the US. The agreement, which includes reduced reciprocal tariffs, has eased concerns that had impacted the market. A strengthening rupee further supported domestic assets, boosting investor sentiment and market capitalisation.

Top Nifty50 stocks analysts suggest buying in this volatile week
Feb 02, 2026, 09:50AM ISTStock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.

HDFC Bank to revise reward point criteria for this credit card from February 1, 2026: Check Apple, Tanishq, flight booking deals and more
Jan 30, 2026, 12:40PM ISTHDFC Bank is revising its Infinia metal credit card reward point redemption policy from February 1, 2026, allowing a maximum of five redemptions per month. Previously, there were reports of a lower limit. The card offers five reward points per Rs 150 spent, with higher points for Smartbuy purchases.

Indo-MIM is said to plan seeking up to $700 Million in India IPO
Jan 30, 2026, 11:34AM ISTPrecision components maker Indo-MIM Ltd. is gearing up for its India IPO, aiming to raise up to $700 million. The company has reportedly lowered its valuation target to $2.5 billion from $3.2 billion, reflecting a cautious market sentiment. The offering includes both new shares and a significant stake sale by existing investors.

Private banks step up write-offs despite benign NPA ratios in December quarter
Jan 29, 2026, 01:17AM ISTIndian private banks increased loan write-offs by over 22% in the December quarter. This move aims to clean balance sheets. Despite low reported bad loan ratios, underlying stress persists, especially in retail and unsecured lending. Banks are proactively managing credit costs. This trend highlights ongoing asset quality pressures that observers are watching closely.

Credit card spends bounce back in Dec, numbers also rise
Jan 27, 2026, 11:55PM ISTCredit card usage in Mumbai saw an 8% rebound last month, reaching ₹2.05 lakh crore due to seasonal demand and year-end spending. Net new card additions hit a three-month high of over 900,000, boosting the total active cards to 115.7 million. Analysts anticipate steady spending momentum, supported by ongoing consumption trends and festive demand.

Banking operations impacted as workers' unions observe nationwide strike for 5-day work week demand
Jan 27, 2026, 07:24PM ISTThe strike by the UFBU, an umbrella body of nine unions representing officers and employees, materialised after a conciliation meeting with the Chief Labour Commissioner on January 23 failed to yield a positive outcome.
Popular Banks IFSC Code
| SBI IFSC Code | HDFC Bank IFSC Code | ICICI Bank IFSC Code | BANK OF BARODA IFSC Code | Axis Bank IFSC Code |
| INDIAN BANK IFSC Code | CANARA BANK IFSC Code | BANK OF INDIA IFSC Code | ANDHRA BANK IFSC Code | CENTRAL BANK OF INDIA IFSC Code |
| ALLAHABAD BANK IFSC Code | Punjab National Bank IFSC Code | BANK OF MAHARASHTRA IFSC Code | CITI BANK IFSC Code | Kotak Mahindra Bank IFSC Code |
Top Cities of Hdfc Bank IFSC Code
| Hdfc Bank Mumbai IFSC Code | Hdfc Bank Delhi IFSC Code | Hdfc Bank Kolkata IFSC Code | Hdfc Bank Chennai IFSC Code | Hdfc Bank Bangalore IFSC Code |
| Hdfc Bank Hyderabad IFSC Code | Hdfc Bank Ahmedabad IFSC Code | Hdfc Bank Pune IFSC Code | Hdfc Bank Gurgaon IFSC Code | Hdfc Bank Jaipur IFSC Code |
Difference Between Branch Code, IFSC Code and MICR Code
The branch code is a unique identifier that helps distinguish one branch of a bank from another within the same network. It is typically a combination of numbers or letters assigned to each branch to facilitate easy identification and communication within the banking system. This code is important for internal record-keeping, customer service, and other administrative purposes within the bank. On the other hand, the IFSC (Indian Financial System Code) is a crucial code used for electronic fund transfers in India. It is an alphanumeric code that consists of 11 characters and is assigned by the Reserve Bank of India to each bank branch participating in the NEFT (National Electronic Funds Transfer) and RTGS (Real Time Gross Settlement) systems. The IFSC code helps ensure accurate routing of funds between banks and branches, thereby minimizing errors and delays in transactions. Additionally, the MICR (Magnetic Ink Character Recognition) code is a technology used for authenticating banks on documents like cheques. It consists of a unique combination of numbers and characters printed in magnetic ink at the bottom of cheques to facilitate automated processing.The MICR code helps in identifying the bank and branch where the cheque is drawn, ensuring secure and efficient cheque processing. In summary, while the branch code helps identify specific bank branches within a network, the IFSC code is essential for electronic fund transfers, and the MICR code plays a vital role in authenticating banks on cheques for efficient processing. Together, these codes play a crucial role in ensuring smooth and secure financial transactions within the banking system.
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HDFC Bank: IFSC code
The Indian Financial System Code (or IFSC) is an 11-digit alpha-numeric code assigned by the Reserve Bank of India to identify every bank branch participating in the payment system uniquely. This code is used by electronic payment system applications such as RTGS, and NEFT. It is mandatory for fund transfers from one bank account to another. Every bank branch will have a unique code and no two branches (even of the same bank) will ever be the same. For HDFC Bank's 11-digit IFSC code, the first four letters will be 'HDFC', and the last 6 digits will represent a specific branch code. For example, the IFSC code of the HDFC Bank branch at G-4, Ground floor, Surya Kiran Building, 19, Kasturba Gandhi marg, New Delhi 110001, is HDFC0000003. Here, 000003 is the branch code. HDFC Bank is India's largest private sector lender. According to the bank's annual report for FY2016-17, it has a total of 4,715 branches, 12,260 ATMs, and it is present in 2,657 cities and towns. RTGS Transaction limits
Transaction Charges for RTGS transactions from HDFC Bank branches
RTGS transactions done online are free with effect from November 1, 2017RTGS transaction timings:Online Transaction Timings: Monday to Saturday (Except 2nd and 4th Saturday and bank holidays) - 8:00 AM to 4:00PMNEFTNEFT transaction limits
Transaction charges for NEFT from HDFC Bank branches
NEFT transactions done online are free with effect from November 1, 2017NEFT Transaction timings" Online Transaction Timings: Monday to Saturday (Except 2nd and 4th Saturday and bank holidays) - 8:00 AM to 7:00PM" Funds transfer request made after 6:30 PM will be presented to RBI on the next working day.IMPS- IMPS using account number: Customer can transfer maximum amount as per the TPT limits. However per transaction limit for IMPS using Account number is Rs 2 lakh.
- IMPS using MMID: Net Banking and Mobile Banking: Rs 5,000 per day per Customer ID (on either of the channel)
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