Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
World Bank upgrades India’s GDP growth forecast for 2022-23 to 6.9 percent: The World Bank has increased its projection of 6.5% growth made in October to 6.9% growth for the Indian economy in 2022–2023. In October, it had cut India’s GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. Now, it has upgraded […]
World Bank upgrades India’s GDP growth forecast for 2022-23 to 6.9 percent Read More »
IDFC Mutual Fund to be Renamed Bandhan Mutual Fund: One of the top 10 asset management companies in the nation, IDFC Asset Management Company Limited (AMC), has acquired regulatory approvals for its proposed change of ownership. December 2022 Current Affairs Quiz About This Transition: Securities market regulator SEBI granted the necessary no objection for IDFC AMC’s
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Banker’s Bank of the Year Award 2022: In the India category, Canara Bank received the “Banker’s Bank of the Year Award 2022” at the London-based Global Banking Summit. Bank Managing Director and Chief Executive Officer LV Prabhakar received the award from the organisers. Canara Bank has been named the Best Bank in India for 2022
Reserve Bank of India implements 4 tiered regulatory norms for UCB: The Reserve Bank of India (RBI) has announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs). Besides, the central bank has come out with norms pertaining to the net worth and capital adequacy of these banks. December 2022 Current Affairs Quiz The Reserve Bank
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YES BANK partners Turtlefin to create tech platform ‘EasyNsure’: TurtleFin, India’s leading insurtech platform, has partnered with YES BANK, to create a comprehensive technology platform – EasyNsure. Turtlefin’s distinctive API will power the platform to offer a bouquet of holistic insurance solutions on a single platform, at the click of a button. December 2022 Current
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India to receive over record $100 billion in remittances in 2022: India is on course to maintain its position as the top recipient of remittances, with migrant workers who are on track to send home a record amount of money this year. According to the World Bank’s Migration and Development brief, remittance flows to India
India to receive over record $100 billion in remittances in 2022 Read More »
RBI Asks Paytm To Re-apply For Payment Aggregator Licence: Reserve Bank of India (RBI) has for now declined to entertain Paytm Payments Services’ (PPSL), a wholly owned subsidiary of Paytm, application for an authorisation to provide payment aggregator services for online merchants. The central bank has recommended PPSL to resubmit its application after completing specified procedures within
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Canara Bank Issues Electronic Bank Guarantee in Partnership with NeSL: On its 117th Founder’s Day, Canara Banks enters the digital banking space with the issue of an Electronic Bank Guarantee (e-BG) in collaboration with National E-Governance Service Limited (NeSL). The Canara Bank will now offer an API-based digital workflow of Bank guarantees which will eliminate
Canara Bank Issues Electronic Bank Guarantee in Partnership with NeSL Read More »
India, UAE Central Banks Discuss Rupee-Dirham Trade Prospects: The central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham with a view to reduce transaction cost, a top official said. Concerning the Development: Sunjay Sudhir, India’s Ambassador to the UAE, stated that India shared the concept paper for trade in
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NPCI in talks with RBI on UPI volume cap deadline : National Payments Corporation of India (NPCI), which runs the UPI digital pipeline, is in talks with the Reserve Bank on implementation of its proposed December 31 deadline for limiting the volume cap of players to 30 percent. At present, there is no volume cap.
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