Bank Current Affairs

HDFC Bank, Canara Bank Get RBI Approval for Rupee Trade with Russia: HDFC Bank and Canara Bank have got approval from the Reserve Bank of India (RBI) to open a special Vostro account for trade in rupees and both the approvals are for trade with Russia, banking industry sources said. November 2022 Current Affairs Quiz More About This: This paves […]

Federal Bank Ties up with JCB India to Finance Heavy Equipment Buyers: Federal Bank on Friday said it has tied up with JCB India to finance the prospective buyers of heavy construction equipment and boost its loan portfolio. The private sector lender said it has inked a memorandum of understanding (MOU) with JCB India, a

Govt Raises Maximum Tenure of PSU Banks’ CEO to 10 Years: The government has agreed to provide the managing director and other full-time directors of the public sector banks a longer term of employment. The original appointment can now be set for up to 5 years, with the option of an additional 5 years. November

DEA, MoHUA and World Bank organise Cities Creditworthiness Academy Workshop: The Department of Economic Affairs (DEA), Ministry of Finance (MoF); Ministry of Housing & Urban Affairs (MoHUA); and the World Bank Group are jointly organising a 5-day focused workshop titled “Cities Creditworthiness Academy” with the view to create an enabling ecosystem for financing future cities

Bank of Maharashtra tops PSU lenders’ list in Q2 Credit Growth : According to published quarterly numbers of public sector banks (PSBs), Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan growth in percentage terms during the second quarter of 2022-23. November 2022 Current Affairs Quiz BoM has recorded

SBI report: State Bank of India has lowered the current account deficit (CAD) at 3% for this fiscal (2022-23) as against the minimum consensus of 3.5%. Reason: Rising software exports, remittances and a likely $5-billion jump in forex reserves via swap deals. November 2022 Current Affairs Quiz CAD: The country is importing more goods and services than it is

Central Bank Digital Currency Could End RBI-ESMA Row: The deadlock between the Reserve Bank of India (RBI) and the European Securities and Market Authority (ESMA) over the inspection of Indian financing clearing houses may be broken by a new-age product – the central bank digital currency(CBDC). November 2022 Current Affairs Quiz The Issue With The European lenders: Between 15% and

Paytm Payments Bank receives RBI observations on IT report: Paytm Payments Bank (PPBL) management has received an RBI-mandated IT auditors report and the central bank’s observation on it, more than six months after it was asked to pause onboarding new customers. November 2022 Current Affairs Quiz “As per the preliminary assessment carried out by the

GoI appointed non-executive Chairman in four Public Sector Banks: Four banks have named non-executive chairman to their boards- Canara Bank, Punjab National Bank, Union Bank of India, and Punjab & Sind Bank. The approval is given by the Appointments Committee of the Cabinet (ACC).  November 2022 Current Affairs Quiz Name the new chairman’s: For a period

SBI Logs Highest-Ever Quarterly Profit in The 2nd Quarter: State Bank of India reported a 74% year-over-year increase in net profit for the quarter ending in September, coming in at 13,265 crore, helped by strong loan sales, higher interest income, and lower provisions. The bank has now reported its highest quarterly net profit ever. November