Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
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 Central Board of the Reserve Bank of […]
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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 President Dilma Vana Rousseff. She replaces Marcus Troyjo in the position.
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 Quiz About NDB: BRICS’ New Development bank was established in July 2014, after an intergovernmental agreement was
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Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore: Canara Bank has sold its stake in Commercial Indo Bank LLC (CIBL), a joint venture with State Bank of India (SBI), to SBI for approximately 121.29 crore. CIBL, which was established in 2003, operates in Russia and is owned 60% by
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Egypt joins BRICS bank as new member weeks after President Sisi’s India visit: Egypt has joined the BRICS New Development Bank after President Abdel-Fattah El-Sisi visited India as the chief guest for the Republic Day celebrations. Egypt and BRICS New Development Bank (NDB): Egypt officially joined the NDB on February 20, according to sources familiar
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Axis Bank signed co-lending pact with Autotrac Finance through Yubi: Axis Bank, India’s third largest private sector bank and Autotrac Finance Limited Ltd (AFL), a Gurgaon based Non-Banking Financial Company, announced its strategic partnership under the co-lending model through the Yubi Co.Lend platform. Through this partnership, both lenders will offer ‘New Tractor Loans’ for the
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FSIB suggests Ashwani Kumar name as MD and CEO of UCO Bank: The Financial Services Institutions Bureau (FSIB) has suggested that Ashwani Kumar, an executive director at Indian Bank, be appointed as the managing director of UCO Bank. Kumar has previously held positions at several other public sector banks, including Bank of Baroda, Corporation Bank,
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National Company Law Tribunal (NCLT) approves HDFC and HDFC Bank merger: On March 17th, the National Company Law Tribunal (NCLT) approved the merger of HDFC Ltd and HDFC Bank, which is considered to be the largest merger in the history of corporate India. The merger will create a massive banking entity by combining India’s largest
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Anup Bagchi to head ICICI Prudential Life from June 2023: ICICI Bank’s executive director Anup Bagchi is set to take over as the CEO of ICICI Prudential Life Insurance on June 19, subject to regulatory and statutory approvals. ICICI Prudential Life made this announcement in an exchange filing, stating that the current CEO, NS Kannan,
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“Governor of the Year” for 2023: The Reserve Bank of India’s Governor, Shaktikanta Das, has been named “Governor of the Year” for 2023 by Central Banking, an international economic research journal. The publication praised Das for his steady leadership during challenging periods, including the collapse of a significant non-banking company, the initial and second waves
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