Bank Current Affairs 2019 | Page 16 of 57 | Gkseries.com

RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March

RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March: According to the RBI’s Digital Payments Index, which gauges the uptake of online transactions, digital payments worldwide saw growth of 24.13% in the year through September 2022.The newly-constituted RBI’s Digital Payments Index (RBI-DPI) stood at 377.46 in September 2022 against 349.30 in […]

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RBI Approves Appointment of Prabdev Singh as New CEO of JP Morgan Chase

RBI Approves Appointment of Prabdev Singh as New CEO of JP Morgan Chase: JP Morgan Chase & Co. has received permission from the Central Bank of India to name Prabdev Singh as the lender’s Chief Executive Officer in the nation. The Reserve Bank of India approved a three-year term for Prabdev Singh last week. January

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JPMorgan gets RBI nod for new India chief executive officer Prabdev Singh

JPMorgan gets RBI nod for new India chief executive officer Prabdev Singh: JPMorgan Chase & Co. got approval from India’s central bank to name Prabdev Singh as the lender’s chief executive officer in the country. Prabdev Singh will serve as the lender’s chief executive officer for a three-year term. Singh had been JPMorgan’s interim CEO

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Reserve Bank of India Says No Foreign Investment Cap on Sovereign Green Bonds

Reserve Bank of India Says No Foreign Investment Cap on Sovereign Green Bonds: The sovereign green bonds issued by the Indian government will not have any restrictions on foreign investment, the Reserve Bank of India said. Such securities will be counted as specified securities under the fully accessible route, the central bank said in a

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Govt Switches Bonds with RBI in a Cash-neutral deal

Govt Switches Bonds with RBI in a Cash-neutral deal: The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India, while also issuing bonds maturing in 2032 worth a similar quantum, the central bank said. The transaction involved buying back a security maturing in FY2024/25 from the Reserve Bank and issuing

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RBI new rules for ‘Loan Loss Provision’ by Banks

RBI new rules for ‘Loan Loss Provision’ by Banks: In an effort to strengthen the resilience of the banking system, the Reserve Bank of India (RBI) has recommended a new set of regulations controlling loan loss provisioning by banks. The central bank proposes to amend the regulations governing loan loss provisioning to incorporate a more

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PNB Launches Credit Card Against Fixed Deposit

PNB Launches Credit Card Against Fixed Deposit: Customers who don’t qualify for ordinary credit cards can get credit cards against fixed deposits from the government-owned Punjab National Bank (PNB). Customers of salary account will be able to apply for this facility through the website, Internet Banking Service (IBS), or mobile banking app PNB One, according

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Pakistan is South Asia’s Weakest Economy, World Bank report

Pakistan is South Asia’s Weakest Economy, World Bank report: Pakistan’s economic growth is expected to drop down even more this year, to just two percent, according to the World Bank. This will mark a drop of two percentage points from its June 2022 estimates, according to the World Bank’s Global Economic Prospects report. According to

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RBI proposes expected loss-based approach for provisioning by banks

RBI proposes expected loss-based approach for provisioning by banks: The Reserve Bank of India (RBI) has proposed a framework for the adoption of an ‘expected loss-based approach for provisioning by banks. Presently, banks in India are required to make loan loss provisions based on an ‘incurred loss’ approach, which used to be the standard globally till recently. Aim: To

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Writer K Venu received Federal Bank Literary Award 2023

Federal Bank Literary Award 2022: Federal Bank Literary Award 2022 was given to renowned author K Venu for his autobiography, “Oranweshananthinte Katha.”Venu received the award from Balagopal Chandrasekhar, Chairman and Independent Director of Federal Bank, at a special event held as part of the Kerala Literature Festival. The judging team, which included author and literary

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