Bank Current Affairs

IFC launches financing platform to respond to global food crisis: The investment arm of World Bank, the International Finance Corp. (IFC) has launched a $6 billion financing facility. October 2022 Current Affairs Quiz Aim: To strengthen private sector’s ability to respond to the crisis and help support food production. Concern: The Ukraine  war and an uneven global recovery from the

India’s Rupay debit card to be launched in Oman: National Payments Corporation of India has signed a historic MoU with Central Bank Of Oman to launch the Rupay debit card in Oman. October 2022 Current Affairs Quiz The MoU was signed during the visit of MoS for External Affairs and Parliamentary Affairs, V. Muraleedharan to Oman. It enables the acceptance

CCI approves merger of ZEEL, BEPL with Culver Max Entertainment: The Competition Commission of India (CCI) has approved amalgamation of Zee Entertainment Enterprises Limited (ZEE) and Bangla Entertainment Private Limited (BEPL) with Culver Max Entertainment Private Limited (CME), with certain modifications. October 2022 Current Affairs Quiz CME: It is an indirect wholly owned subsidiary of Sony Group

SBI launches ‘Gram Seva Program’ across six states of India: SBI will adopt 30 remote villages across India under the 4th phase of the ‘SBI Gram Seva’ program. October 2022 Current Affairs Quiz This is one of the flagship CSR programs of SBI Foundation. The bank will adopt remote villages across Aspirational Districts in Haryana, Gujarat, Maharashtra, Punjab, Tamil

DBS Bank India collaborates with HDFC ERGO and Atradius: DBS Bank (India) has collaboration with HDFC ERGO General Insurance Co Ltd and reinsured by Atradius (trade credit insurance provider). October 2022 Current Affairs Quiz Aim: To provide Credit Insurance – Accounts Receivable solution to Tata Metaliks (manufacturer of pig iron and DI pipes in India). This credit insurance deal is amongst the

Union cabinet approves 4% hike in DA Under 7th Pay Commission: The Cabinet has increased the dearness allowance (DA) and dearness relief by 4%, effective July 1, 2022. The additional instalment of DA and dearness relief (DR) is an increase of 4% over the existing rate of 34% of basic pay/pension. The combined impact on the exchequer on account