Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Indian Bank launched special retail term deposit “Ind Shakti 555 days”: Indian Bank has launched a new special retail term deposit dubbed as “Ind Shakti 555 days”, effective from December 19, 2022. This product is offering higher rate of interest for investment starting from Rs. 5000 to less than 2 Crore for 555 days in the form of FD/MMD […]
Indian Bank launched special retail term deposit “Ind Shakti 555 days” Read More »
HDFC Bank Partners with Startup India for Parivartan SmartUp Grants: The flagship programme of the Indian government’s “Startup India” initiative, in cooperation with HDFC Bank, has announced the beginning of its sixth annual grants programme for social startups. Known as Parivartan SmartUp Grants, the program aims to identify startups working in the social impact space and
HDFC Bank Partners with Startup India for Parivartan SmartUp Grants Read More »
ADB Keeps India’s GDP Growth Unchanged at 7%: The Asian Development Bank, based in Manila, maintained its projection for India’s economic growth for the fiscal years 2022–2023 at 7%. The bank also forecasted a weaker-than-previously expected pace for developing Asia. As opposed to 8.7% GDP growth in the previous fiscal year, the seven percent growth
1st G20 Central Bank Deputies Meet in Bengaluru Under India’s Presidency: The first G20 Finance and Central Bank Deputies (FCBD) summit is slated to take place in Bengaluru from December 13–15, 2022. This meeting, which will mark the start of discussions on the Finance Track agenda under the Indian G20 Presidency, will be hosted jointly by
1st G20 Central Bank Deputies Meet in Bengaluru Under India’s Presidency Read More »
World Bank’s Flagship Gender Toolkit Launched: The World Bank and the Chennai Urban Metropolitan Transport Authority held a session to provide a gender toolkit based on “Enabling gender-responsive urban mobility and public spaces.” December 2022 Current Affairs Quiz Key Points Of the World bank’s Gender Toolkit: Its Significance: The toolkit from the World Bank attempts
Sushmita Shukla becomes first VP, COO of Federal Reserve Bank of New York: Sushmita Shukla, an Indian-origin veteran of the insurance industry, has been appointed as First Vice President and Chief Operating Officer at the Federal Reserve Bank of New York, making her the second-ranking officer at the prominent institution. The appointment was approved by
Sushmita Shukla becomes first VP, COO of Federal Reserve Bank of New York Read More »
ADB approves $780 mn loan for Chennai’s metro rail network : The Asian Development Bank (ADB) has approved a $780 million loan to build new lines and improve the connectivity of Chennai’s metro rail system with existing bus and feeder services. “This project will expand Chennai’s metro rail system to provide a safe and integrated transport solution essential in improving
ADB approves $780 mn loan for Chennai’s metro rail network Read More »
Digital Rupee vs UPI: Unlike Digital Rupee, UPI is only used as an interface for transactions involving actual money. The Digital Rupee is only another type of money that is similar to fiat money. UPI and the digital Rupee are fundamentally separate ideas. With the introduction of the digital rupee, India may be hoping to eventually
Digital Rupee vs UPI, Know the Difference Between eRupee and UPI Read More »
Spice Money partners with Axis Bank for financial inclusion in rural India : Spice Money has partnered with Axis Bank to facilitate opening of instant, zero balance savings or current accounts for rural citizens through its Adhikari network. Through this association, Spice Money aims to bridge the rural-urban divide and bring financial inclusivity by providing
Spice Money partners with Axis Bank for financial inclusion in rural India Read More »
RBI Monetary Policy 2022: The Monetary Policy Committee (MPC), which consists of six members and is led by Reserve Bank of India (RBI) Governor Shaktikanta Das, has announced its decision. In the consecutive fifth hike this year, the RBI’s Monetary Policy Committee has raised the repo rate by 35 basis points (bps) to 6.25 per cent with
RBI Monetary Policy 2022: RBI Repo Rate Hike by 35 bps to 6.25% Read More »
