innovationinbanking

Federal Bank – Business Class Federal Bank, become the first Indian Bank to offer its High Net worth Customers, access to Business Class Lounge facility at CIAL, Nedumbassery. The Business Class Lounge facility at CIAL, Nedumbassery, is jointly maintained by Taj Hotels Group and Singapore Airlines. FedSelect customer of the Bank would be issued an admit card from the Bank's Currency Exchange Bureau at the Airport which is to be used at the lounge to avail the facility. Q: What are Business Class Lounges? Ans: Business Class Lounges are private areas, within an Airport, with provisions to enhance comfort for frequent travelers/business class/first class passengers. In the earlier days, the Lounges were maintained by individual airlines or airline alliances. However, with the era of outsourcing, the present day Lounges are maintained by Hospitality chains and the various airlines tie up with the chains. This is a win-win situation for all the players. The travelers have a...

HDFC  Bank – Defence Salary Package HDFC Bank too has joined the race to acquire Defence Accounts. The Press Release can be accessed @ http://www.hdfcbank.com/common/pdf/HDFC_MoU_IndianArmy.pdf Apart from HDFC Bank, State Bank of India and ICICI Bank too have Defence Salary Package Accounts. The facilities offered by HDFC Bank are almost common with facilities offered by State Bank of India and ICICI Bank. One differentiator as mentioned by HDFC Bank Country Head (retail liabilities, marketing & direct banking channels) Mr.Rahul Bhagat,   c ould be loans at a concessional rate. The concession could range between 25-300 basis points, he said.