Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
State Bank of India home loan AUM crosses Rs 6 trillion: State Bank of India (SBI) has become the first bank in the country to achieve Rs 6-trillion Assets Under Management (AUM) in the home loan segment. SBI has offered a concession of up to 0.25% on Home Loans, 0.15% on Top Up Loans, and 0.30% on […]
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RBL Bank, BookMyShow partner to launch ‘Play’ credit card: RBL Bank and BookMyShow have partnered to launch a new credit card named ‘Play’. With this card, RBL Bank will be able to reach BMS’s wide base of 200 million monthly customer visits. This card will be available to select customers on BookMyShow and give them access to offers on transactions.
RBL Bank, BookMyShow partner to launch ‘Play’ credit card Read More »
IDBI Bank partners Vayana Network on supply chain finance : IDBI Bank has signed an MoU with Vayana Network for end-to-end digitalization services. October 2022 Current Affairs Quiz Aim: To contribute in the growth of the supply chain finance penetration in India, which is less than 1% of gross domestic product (GDP) and contributes only 5% of the outstanding
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RBI raised minimum capital requirement for setting up ARCs : The Reserve Bank has raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from Rs 100 crore. October 2022 Current Affairs Quiz Aim: To strengthen the securitization sector which plays a vital role in the management of distressed financial
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South Indian Bank enters World Book of Records for ‘101 Oonjals’: South Indian Bank has bagged a world record for staging and swinging the highest 101 Oonjals (Jhoolas), beautifully decorated- in Kochi. October 2022 Current Affairs Quiz The South Indian Bank has organized an event ‘Onnichirikkam Oonjaladam’. The World Book of Records team has also presented the award
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Government, LIC to sell 60.72% stake in IDBI Bank: The government and LIC will together divest a 60.72% stake in the IDBI Bank. The Centre will divest a 30.48% stake while LIC will offload 30.24%. October 2022 Current Affairs Quiz For this, the Department of Investment and Public Asset Management (DIPAM) has invited expressions of interest (EoIs) from potential bidders.
Government, LIC to sell 60.72% stake in IDBI Bank Read More »
RBI launched SupTech app, DAKSH to improve supervisory processes: The Governor of RBI, Shaktikanta Das has launched a new ‘SupTech’ initiative called DAKSH. October 2022 Current Affairs Quiz Aim: It will be the advanced supervisory monitoring system of bank. It will help to make the supervisory processes more robust. DAKSH: It is a web-based end-to-end workflow application. With the
RBI launched SupTech app, DAKSH to improve supervisory processes Read More »
HDFC Bank launches SmartHub Vyapar for merchants: HDFC Bank has launched an one-stop merchant solution app named SmartHub Vyapar Merchant app. October 2022 Current Affairs Quiz It is a comprehensive payments and banking solution. It is designed to fulfill the everyday business needs of merchants. This app would facilitate instant, digital and paperless merchant on-boarding for HDFC Bank customers. It also
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World Bank cuts India’s growth forecast to 6.5% for 2022-23: The World Bank has reduced the GDP growth forecast of India for 2022-23 to 6.5% from 7.5%. October 2022 Current Affairs Quiz Reason: The impact of the ongoing war in Ukraine, rising global interest rates and high inflation. The organization has also noted that slowing global demand will
World Bank cuts India’s growth forecast to 6.5% for 2022-23 Read More »
RBI issues directions for appointment of Internal Ombudsman: RBI has issued directions for appointment of Internal Ombudsman for all Credit Information Companies (CICs). October 2022 Current Affairs Quiz Eligibility: Every CIC must appoint the Internal Ombudsman for a fixed term of 3 to 5 years. Either a retired or a serving officer. Not below the rank of Deputy GM or
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