Diverse Initiatives in Finance: RBL Bank's Ex-Armed Forces Hiring, Bank of India's Mid Cap Fund, and Worldline-Cosmos Partnership

RBL Bank announces a hiring initiative for ex-armed forces personnel; Bank of India Mutual Fund launches a mid cap fund; Worldline partners with Cosmos Co-operative Bank for digital transformation. These initiatives highlight a commitment to inclusion, investment diversification, and technological advancement in the financial sector.

Devdiscourse News Desk | Mumbai | Updated: 28-07-2025 20:09 IST | Created: 28-07-2025 20:09 IST

Diverse Initiatives in Finance: RBL Bank's Ex-Armed Forces Hiring, Bank of India's Mid Cap Fund, and Worldline-Cosmos Partnership — This image is AI-generated and does not depict any real-life event or location. It is a fictional representation created for illustrative purposes only.

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Private sector lender RBL Bank has announced a new hiring initiative aimed at providing second career options for ex-armed forces personnel. The bank aims to increase their representation to 1% of its workforce, coinciding with the commemoration of Kargil Vijay Divas. Currently, RBL Bank employs veterans in various roles.

Meanwhile, Bank of India Mutual Fund has unveiled its latest investment option with the launch of a mid cap fund. This new fund, which will invest in equities and linked instruments of mid cap companies, is open for subscription from July 31 to August 14, according to the bank's announcement.

In another development, Worldline has forged a partnership with Cosmos Co-operative Bank to propel digital transformation efforts. This collaboration is poised to tackle the challenges faced by co-operative banks in modernising legacy systems and expanding services to underserved sectors, through advanced payment solutions.

(With inputs from agencies.)