Bank Current Affairs 2019 | Page 11 of 57 | Gkseries.com

SBI to launch new current accounts and savings accounts in FY24

SBI to launch new current accounts and savings accounts in FY24: SBI is planning to launch new variants of the current a/c (with balances of ₹50,000 and ₹50 lakh) and the “Parivar” (family) savings a/c in FY24. Aim: To minimize the gap between deposit growth and credit growth. April 2023 Current Affairs Quiz Domestic deposits of SBI grew 8.86% year-on-year […]

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Finance Minister Nirmala Sitharaman to attend the Spring Annual Meetings of IMF- World Bank

Finance Minister Nirmala Sitharaman to attend the Spring Annual Meetings of IMF- World Bank: Finance Minister Nirmala Sitharaman is on a visit to the USA to attend the Spring Annual Meetings of the International Monetary Fund (IMF) – World Bank. An overview of the news Finance ministers and central bankers from around the world will participate in the meeting. The meeting

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FY23 bank credit growth highest since FY12, up 15%,: RBI data

FY23 bank credit growth highest since FY12, up 15%,: RBI data: According to the Reserve Bank of India (RBI) data, the Bank credit rose by 15% year-on-year (YoY) in 2022-23 (FY23), against 9.6% YoY in 2021-22 (FY22). FY23 credit growth is the highest since 2011-12, when it was 19.3%. Bank deposits expanded 9.58% YoY in FY23, against 8.9% YoY

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RBI penalises Mahindra Finance, Indian Bank over disclosure of interest rates to borrowers

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 & Mahindra Financial Services Ltd has been fined Rs 6.77 crore for failing to comply

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DBS Bank India Launches digiPortfolio

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 with the risk preferences of different investors. The platform offers an easy-to-use,

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World Bank: India’s economy to slow in FY24, GDP growth seen at 6.3%

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 6.6 per cent. “Rising borrowing costs

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Reserve Bank of India (RBI) Foundation day – 1st April

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 April 1935. The central office of the Reserve Bank was

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World Bank Grants $363m Loan to Karnataka for Clean Drinking Water Supply

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 across the state, as well as build

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SBI announces donation of ₹48 lakh for tree plantation

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 contribute to the environment by increasing

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Government imposes surcharge for Google Pay and other payment apps

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 based on the merchant category code, will be charged for

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