RBI penalises Mahindra Finance, Indian Bank over disclosure of interest rates to borrowers: The Reserve Bank of India (RBI) announced penalties for noncompliance with regulatory norms against Mahindra & Mahindra Financial Services Ltd, Indian Bank, and Muthoot Money Limited.  Mahindra & ...

DBS Bank India Introduces ‘digiPortfolio’: DBS Bank India has launched 'digiPortfolio,' a new investment solution that is now available on the bank's digibank platform. The platform uses technology and human expertise to curate a set of investment options customized by Morningstar, which aligns ...

World Bank: India's economy to slow in FY24, GDP growth seen at 6.3%: SLOWER CONSUMPTION growth and challenging external conditions has prompted the World Bank to pare the country’s growth rate for 2023-24 to 6.3 per cent in its latest India Development Update compared with the earlier estimate of ...

Reserve Bank of India (RBI) Foundation day - 1st April: The Foundation Day of the Reserve Bank of India is celebrated on 1st April every year.About Reserve Bank of IndiaRBI was established on April 1, 1935 as per the provisions of the Reserve Bank of India Act, 1934. It started functioning from 1 ...

World Bank supports clean drinking water supply to rural Karnataka: The World Bank has approved a USD 363 million loan to the Indian state of Karnataka, which will help provide clean drinking water to two million rural households. The initiative aims to install piped water connections in homes ...

SBI announces donation of ₹48 lakh for tree plantation: As part of its corporate social responsibility, the State Bank of India (SBI) has donated Rs. 48 lakh to the NGO That's Eco Foundation for the planting of 32,000 tree saplings at Bengaluru's Garden City University. This initiative aims to ...

Government imposes surcharge for Google Pay and other payment apps: The National Payments Corporation of India (NPCI) has implemented interchange fees of up to 1.1 percent for prepaid payment instruments used in merchant UPI transactions beginning April 1. The fee, ranging from 0.5 percent and ...

601st Meeting of Central Board of the Reserve Bank of India: The Reserve Bank of India (RBI) held its 601st meeting in Hyderabad, presided over by Governor Shaktikanta Das, to assess current global and domestic economic conditions, as well as the associated challenges. More About The Meeting of ...

Former Brazilian President Dilma Rousseff named new President of BRICS New Development Bank: The New Development Bank (NDB), also known as the BRICS bank, is a multilateral financial institution founded by Brazil, Russia, India, China, and South Africa. Its new President is former Brazilian ...

Egypt officially becomes member of BRICS New Development Bank : Egypt joined the BRICS New Development Bank (NDB) as an official member. Egypt completed all the necessary procedures to become an eligible member on February 20, 2023. March 2023 Current Affairs QuizAbout NDB:BRICS' New ...