Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
IDFC Mutual Fund (MF) has rebranded itself as Bandhan Mutual Fund: Bandhan Mutual Fund has replaced IDFC Mutual Fund. The name change will take effect on March 13. All the schemes of the fund house will be renamed to replace the word ‘IDFC’ with the word ‘Bandhan’. March 2023 Current Affairs Quiz More About The […]
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India & World Bank signs loan agreement for construction of Green National Highway Corridors Project in 4 States: The Government of India and the World Bank have signed an agreement for the Green National Highway Corridors Project, with the World Bank providing $500 million in loan assistance against a total project cost of $1,288.24 million
Suryoday Small Finance Bank launches special women’s savings account: Suryoday Small Finance Bank on Monday launched a new savings account for women. Suryoday’s Blossom Women’s Savings Account is built on a strong proposition of giving women a complete, simplified, and rewarding banking experience. March 2023 Current Affairs Quiz Features: Women can earn up to 7% interest
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Silicon Valley Bank Collapse: The Biggest Bank Failure Since 2008– Startup-focused lender Silicon Valley Bank Financial Group became the largest bank to fail since the 2008 financial crisis, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and investors stranded. More about the ongoing wide spread banking crisis: Silicon
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US shuts down Silicon Valley banks in biggest collapse since 2008 : California-based Silicon Valley Bank (SVB), the 16th largest bank in the United States, was closed on 9 March by the California Department of Financial Protection and Innovation. An overview of the news It is the biggest banking failure since the 2008 financial crisis. It is considered the biggest financial crisis
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RBI imposes restrictions on Musiri Urban Co-operative Bank : RBI has imposed a Rs 5,000 cap on withdrawals by individual customers from Tamil Nadu-based Musiri Urban Co-operative Bank. March 2023 Current Affairs QuizReason: It is a part of several restrictions imposed on the lender due to its deteriorating financial condition. The restrictions on the lender will remain in force
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Karnataka Bank appoints Abhishek Sankar Bagchi as new CFO : Karnataka Bank appointed Abhishek Sankar Bagchi as the bank’s Chief Financial Officer (CFO ) with effect from 2 March 2023. February 2023 Current Affairs Quiz The appointment comes after Muralidhar Krishna Rao, the bank’s CFO, resigned on March 1 after his term expired. He has
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IRCTC, HDFC Bank launch co-branded travel credit card: Indian Railway-backed catering services provider, IRCTC tied up with the largest private sector lender HDFC Bank on Wednesday to launch one of India’s most rewarding co-branded travel credit cards. The co-branded card will be called “IRCTC HDFC Bank Credit Card” and will be in a single variant
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RBI’s new pilot project on coin vending machines: During the most recent Monetary Policy Committee (MPC) address, RBI Governor Shaktikanta Das stated that the apex banking regulator, in collaboration with banks, would launch a pilot project to evaluate the operation of a QR-code based coin vending machine. February 2023 Current Affairs Quiz More about the
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Bank credit growth slowed to 16.8% in third quarter: RBI- Bank credit growth slowed down to 16.8% in the October-December 2022 period from a year earlier, RBI data showed. According to the Reserve Bank of India’s quarterly statistics on bank deposits and credit, this compares to 17.2% in the previous quarter. A year earlier, credit
Bank credit growth slowed to 16.8% in third quarter: RBI Read More »
