Bank Current Affairs 2019 | Page 17 of 57 | Gkseries.com

MoU signed to facilitate low interest rate loans to farmers

MoU signed to facilitate low interest rate loans to farmers: In order to facilitate farmers in providing low-interest rate loans, Warehousing Development Regulatory Authority (WDRA) signed a memorandum of understanding (MoU) with the State Bank of India (SBI), India’s largest public sector bank on Monday. January 2023 Current Affairs Quiz Reason: To promote awareness about […]

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Paytm Payments Bank received approval from RBI as BBPOU

Paytm Payments Bank received approval from RBI as BBPOU: Our associate Paytm Payments Bank Limited (PPBL) has got the final approval from Reserve Bank of India (RBI) to operate as Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007. As an entity under Bharat Bill Payment System (BBPS), our associate

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States’ Gross Fiscal Deficit Set to Fall in 2022-23, Says RBI

States’ Gross Fiscal Deficit Set to Fall in 2022-23, Says RBI: The Reserve Bank of India (RBI) said that the finances of Indian states are projected to improve in 2022-23 with the consolidated gross fiscal deficit to gross domestic product ratio seen falling to 3.4 percent from 4.1 percent for the previous year. On the

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SMBC Bank, Oaktree Submit EoIs for IDBI’s Strategic Stake Sale

SMBC Bank, Oaktree Submit EoIs for IDBI’s Strategic Stake Sale: Sumitomo Mitsui Banking Corporation Group (SMBC Bank) of Japan and Oaktree Capital Management are among those that have submitted expressions of interest (EoIs) for the strategic stake sale in IDBI Bank. Oaktree is a US alternative assets firm founded by Howard Marks, one of the

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Centre Clears Rs 2,600 cr Scheme to Promote RuPay, BHIM-UPI

Centre Clears Rs 2,600 cr Scheme to Promote RuPay, BHIM-UPI: The Union Cabinet has approved the incentive scheme for the promotion of RuPay Debit Cards and low-value BHIM-UPI transactions (person-to-merchant) for the current financial year. A cash allocation of Rs 2,600 crore has been allocated for the incentive programme for the development of RuPay Debit

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Inflation cools to one-year low of 5.7% in December

Inflation cools to one-year low of 5.7% in December: In December 2022, retail inflation declined to a one-year low of 5.72 percent, primarily as a result of falling food costs. According to information made public by the Ministry of Statistics & Programme Implementation (MoSPI), it was also comfortably inside the Reserve Bank of India’s (RBI)

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South Indian Bank launches MSME online portal

South Indian Bank launches MSME online portal: The South Indian Bank launched a MSME online portal providing instant online In Principle approval of up to ₹1 crore MSME enterprises are the most important pillars of the economy and the government is working towards making the sector stronger. Aim: To provide quick loans to micro and small

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World Bank Predicts India’s Economic Growth to Slow to 6.9% in FY23

World Bank Predicts India’s Economic Growth to Slow to 6.9% in FY23: As the global economy and growing unpredictability weigh on export and investment growth, the World Bank predicts that India’s GDP would drop to 6.9% in Financial Year 2023, a 0.6 percentage point decrease since June. However, India is expected to be the fastest

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BharatPe Gets in-principle nod from RBI to Operate as Online Payment Aggregator

BharatPe Gets in-principle nod from RBI to Operate as Online Payment Aggregator: Fintech platform BharatPe said it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA). According to the company, Resilient Payments Private Ltd, a fully-owned subsidiary of Resilient Innovations Private Ltd, received an in-principle

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RBI Lists 6 Rating Agencies for Banks’ Capital Adequacy Purposes

RBI Lists 6 Rating Agencies for Banks’ Capital Adequacy Purposes: The list of six credit rating firms that banks can use to risk-weight their claims for capital adequacy purposes was released by the Reserve Bank of India (RBI). The six credit rating agencies are Acuite Ratings & Research Limited, Credit Analysis and Research Limited (CARE),

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