Tag: India finance

Finance

Axis Bank Launches Sparsh Week 2025: ‘Raising the Bar’ Nationwide

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National, Sept 1, 2025: Axis Bank, one of India’s largest private sector banks, has announced the launch of Sparsh Week 2025 (Sept 1–5), a landmark initiative uniting more than 1 lakh employees across 5,868 branches nationwide.

With the theme “Raise the Bar,” this year’s edition emphasizes customer obsession, leadership visibility, and employee engagement at an unprecedented scale. Senior leaders including Amitabh Chaudhry (MD & CEO), Munish Sharda (ED), Subrat Mohanty (ED), and Neeraj Gambhir (ED) will personally visit 40 cities to interact with customers and mentor teams.

“Sparsh is not just a celebration but a reminder of the culture we are shaping – where empathy, innovation, and service excellence define every interaction,” said Amitabh Chaudhry.

Customer Engagement Highlights

  • 🎯 Exclusive Home Loan offers from 7.6%*
  • 💼 Special benefits across Gold Loans, MSME loans, Current Accounts & Health Insurance
  • 🎙️ Let’s Listen Sessions across 5,800+ branches for direct feedback
  • 🚗 Auto test drives & loan offers in select cities
  • 🤝 Felicitation of wholesale clients & corporate partners
  • 🌍 Outreach through Samaroh to foster new relationships

Thematic Customer Days

  • Students: Piggy to Prodigy Day with learning sessions & Bank tours
  • Women: Nari Shakti Diwas with panel discussions & ARISE awareness programs
  • Seniors: Silver Lining – digital banking & fraud prevention workshops
  • Startups & MSMEs: Startup Sangam & networking events
  • Farmers: Krishi Diwas with agri-advisory, soil-testing & Apna Gaon Melas
  • NRIs: Homecoming meets in UAE, Singapore & US
  • LGBTQ+: Pink Economy events celebrating inclusivity

Impact & Scale

From 55,000 customers in 2024, Axis Bank now targets 1.5 lakh+ customers for Sparsh Week 2025 – nearly triple last year’s outreach.

With its four core mantras — Own the Brand, Own the Customer, Act with Speed, Zero Pendency — Sparsh Week continues to strengthen Axis Bank’s position as a customer-first institution in India’s financial ecosystem.

📖 For more details and updates, visit allycaral.com

Human Interest

SBI to Temporarily Suspend UPI Services on August 6 Due to Maintenance

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Mumbai | August 5, 2025 — The State Bank of India (SBI) has officially announced a temporary suspension of UPI services on August 6, 2025, citing scheduled maintenance and system upgrades.

This means that customers using SBI’s YONO, YONO Lite, BHIM SBI Pay, or any third-party UPI apps linked to SBI accounts may face disruption in services such as money transfers, QR payments, and bill payments.

SBI’s Official Statement:

“We regret the inconvenience caused and appreciate your understanding as we work towards improving our digital infrastructure.”

What You Should Do:

  • Complete urgent transactions before August 6
  • Keep alternative payment methods ready
  • Avoid relying solely on UPI during the downtime

This proactive measure comes as part of SBI’s ongoing efforts to upgrade its systems and enhance user experience. No timeline has been shared for the restoration yet, but normal services are expected to resume within the day.

📖 Stay updated at allycaral.com

Business

HSBC Report Says Indians Need ₹3.5 Crore for Comfortable Retirement

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A recent report by HSBC has highlighted a striking financial milestone for Indians: to retire comfortably, an individual may need to save an estimated ₹3.5 crore.

This figure factors in increasing life expectancy, escalating healthcare expenses, rising inflation, and the growing need for a financially secure post-retirement life. The report underscores the urgency of early and consistent savings, especially for India’s large youth population, many of whom are yet to begin financial planning.

India’s financial landscape is rapidly evolving — traditional safety nets like pensions are becoming rarer in the private sector, and dependence on children for retirement support is no longer a given. As lifestyles change and the cost of living rises, the demand for independent financial preparedness is greater than ever.

The HSBC report suggests adopting a mix of savings, long-term investments, and pension planning tools to build a secure future. It also advises consulting financial advisors to evaluate personal needs based on income, lifestyle, and life goals.

Whether you’re in your 20s, 30s, or beyond, the message is clear: retirement planning cannot wait. Your future self will thank you for the steps you take today.

Stay updated on financial trends and planning tips — only on allycaral.com.

Finance

Axis Trustee Unveils “AVA” – India’s First AI-Powered Chatbot for Trustee Services

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Mumbai, July 23, 2025 – In a groundbreaking move, Axis Trustee Services Ltd., a wholly-owned subsidiary of Axis Bank, has launched AVA (Axis Trustee Virtual Assistant) — the first AI-powered chatbot in India’s trustee services space.

This innovation marks a significant leap in Axis Trustee’s journey toward digital empowerment and seamless customer experience. AVA will provide real-time support, service request management, and instant responses to process and transaction-related queries—redefining how clients interact with fiduciary service providers.

AVA is built on three powerful pillars:

  • 24/7 Client Support on products and services
  • Streamlined Service Requests with trackable resolutions
  • Expert Guidance on complex compliance, transactions & documentation

“AVA reflects our promise to be a responsive, technology-driven trustee partner,” said Mr. Rahul Choudhary, MD & CEO, Axis Trustee Services. “It’s more than a chatbot—it’s our commitment to trust, innovation, and customer-first service.”

Axis Trustee has long been a pioneer in the trustee sector, investing in digital documentation, workflow automation, and now artificial intelligence. The addition of AVA reinforces the company’s mission to offer transparent, efficient, and future-ready trustee solutions.