Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Reliance General to accept CBDC e-Rupee through Yes Bank: Reliance General Insurance on Wednesday said it has become a forerunner general insurance company in the country to accept the Reserve Bank of India’s (RBI) Central Bank Digital Currency e-Rupee for premium payments. The company has tied up with Yes Bank to facilitate the collection of […]
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Pakistan Becomes the Largest Recipient of ADB-Funded Programs Amidst Economic Crisis: According to the Asian Development Bank’s (ADB) Annual Report 2022, Pakistan received $5.58 billion in loans, making it the highest recipient of ADB-funded programs/projects in 2022. Out of the total lending, Pakistan received concessional funding of $2.67 billion from the bank, highlighting the dire
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SBI fourth startup branch opens in Mumbai BKC: The State Bank of India (SBI) has opened an exclusive branch for startups at the Bandra Kurla Complex in Mumbai. This is the fourth startup-focused branch, after Bengaluru, Chennai, and Gurugram. April 2023 Current Affairs Quiz In Mumbai, the bank has entered into multiple MoU with the Society for Innovation &
Zimbabwe to introduce gold-backed digital currency: The Reserve Bank of Zimbabwe (RBZ) has revealed intentions to launch a gold-backed digital currency to combat the decreasing value of the Zimbabwean currency. The digital gold tokens will be a form of electronic money, backed by gold held at the RBZ. This will enable holders of small amounts
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SBI’s fourth startup branch opens in Mumbai BKC: In Mumbai’s BKC neighbourhood, SBI built its fourth branch specifically for entrepreneurs. SBI Chairman Dinesh Khara remarked during the launch ceremony that the branch’s main goal is to provide full help to startups throughout their journey, from creating their corporate entity to performing IPOs and FPOs. April
India’s RBI considers softening stance on market infrastructure deal: According to reports, India’s central bank is likely to soften its stance on signing a market infrastructure agreement with European authorities if the latter abandon their demand to scrutinise and penalise Indian intermediaries such as the Clearing Corporation of India (CCIL). The RBI and European banks
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Sekhar Rao appointed as interim MD and CEO of Karnataka Bank: The Reserve Bank of India (RBI) has approved the nomination of Sekhar Rao, the bank’s executive director, as interim managing director and chief executive officer, according to Karnataka Bank, a private lender based in Mangaluru. The duration of the appointment is for three months,
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SBI reintroduces 400 days ‘Amrit Kalash’ retail term deposit scheme: State Bank of India (SBI), India’s largest lender by assets, has announced the re-introduction of its retail term deposit scheme, Amrit Kalash. The scheme offers a special tenor of 400 days and provides an interest rate of 7.6% for senior citizens and 7.1% for others.
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ICICI Bank introduces EMI facility for UPI payments: The ICICI Bank has introduced an EMI facility for UPI payments made by scanning a QR code.Those customers, who are eligible for the PayLater facility, can avail of the EMI facility using the Bank’s ‘buy now, pay later’ option. April 2023 Current Affairs Quiz Customers can pay amounts above Rs 10,000 in easy
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World Bank chief raises 2023 global growth outlook: World Bank Group President David Malpass has informed that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January 2023 forecast of 1.7%. April 2023 Current Affairs Quiz But the slowdown from stronger 2022 growth will increase debt distress for developing countries. Reason: The upward
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