Bank Current Affairs

Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.

Paytm Payments Bank becomes 1st to launch UPI LITE feature

Paytm Payments Bank becomes 1st to launch UPI LITE feature

UPI LITE: Unified Payments Interface (UPI) LITE, supported by National Payments Corporation of India (NPCI) for numerous small-value UPI transactions, has been introduced by Paytm Payments Banks Limited (PPBL). This feature will help with faster real-time transactions with a single click through Paytm as the bank aims to drive the adoption of digital payments across […]

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Kotak Buys Sonata Fin For ₹537cr

Kotak Buys Sonata Fin For ₹537cr

Kotak Buys Sonata Fin For ₹537cr: Kotak Mahindra Bank (KMB) has entered into binding share purchase agreement(s) to acquire 100 per cent of equity shares of Sonata Finance Pvt Ltd (SFPL), a Non-Banking Finance Company – Micro Finance Institution (NBFC-MFI), from existing shareholders for a cash consideration of about ₹537 crore. February 2023 Current Affairs

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RBI’s financial literacy week starts form 13 to 17 February, 2023

RBI’s financial literacy week starts form 13 to 17 February, 2023

RBI’s financial literacy week 2023: The RBI’s “Financial Literacy Week” began on February 13 and runs through February 17, 2023. Since 2016, the Reserve Bank of India (RBI) has held this event annually to spread information on financial education to the general people throughout the country.  Last year, RBI observed ‘financial literacy week’ from February

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Ujjivan Small Finance Bank launches Hello Ujjivan- India’s first voice, visual, vernacular banking app

Ujjivan Small Finance Bank launches Hello Ujjivan- India’s first voice, visual, vernacular banking app

Ujjivan Small Finance Bank launches Hello Ujjivan- India’s first voice, visual, vernacular banking app: Ujjivan Small Finance Bank launched Hello Ujjivan, India’s first mobile banking application with 3 V’s – voice, visual, and vernacular-enabled features – to provide banking access to individuals who have limited reading and writing skills. February 2023 Current Affairs Quiz The app

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RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs

RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs

RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs: RBI expands scope of TReDS platform to allow insurance facility, secondary market ops & to improve cashflow of MSMEs. The guidelines on Trade Receivables Discounting System (TReDS) were issued in December 2014 with the objective of

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PhonePe becomes first Indian fintech to allow UPI payments abroad

PhonePe becomes first Indian fintech to allow UPI payments abroad

PhonePe becomes first Indian fintech to allow UPI payments abroad: PhonePe has launched a service that will allow the fintech firm’s Indian users traveling abroad to pay foreign merchants using Unified Payments Interface (UPI). UPI international’ support merchant outlets in UAE, Singapore, Mauritius, Nepal, and Bhutan that have a local QR (quick response) code. Users will be able

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Airtel Payments Bank launched BizKhata for Small Businesses & Merchant

Airtel Payments Bank launched BizKhata for Small Businesses & Merchant

Airtel Payments Bank launched BizKhata for Small Businesses & Merchant: Airtel Payments Bank today announced the launch of its current account – BizKhata, which comes with unlimited transactions* and instant activation for small merchants and business partners across the country. February 2023 Current Affairs Quiz A large number of small business owners continue to use

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