Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Reserve Bank of India named Pralay Mondal as CEO of CSB Bank: On September 16, Kerala-based CSB Bank announced the appointment of Pralay Mondal as the bank’s new Managing Director and CEO. September 2022 Current Affairs Quiz According to a press release, the Board of Directors of the Bank authorised the appointment of Mondal as […]
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FinMin allows RRBs to raise funds via IPO, rights issue: The government has issued a detailed draft of the guidelines for Regional Rural Banks (RRBs) to raise capital and putting the onus for identifying eligible RRBs on their sponsor banks. September 2022 Current Affairs Quiz RRBs are planning to make an initial public offering to raise capital must have at
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Wholesale price-based inflation eases to 12.41 per cent in August: As per the Commerce and Industry Ministry data, the wholesale price-based inflation has been reduced to 12.4% in August as compared to 13.93 % in July 2022. September 2022 Current Affairs Quiz Reason: The WPI inflation fell on easing prices of Manufactured products. The Wholesale inflation was at a record high of 15.88%in
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SBI joins Rs 5-trillion market cap club: SBI has hit the mark of Rs 5-trillion in market capitalisation (market cap) for the first time after its shares touched a record high of Rs 564.45, up 1% on the BSE in intra-day trade in an otherwise weak market. With a market cap of Rs 5.03 trillion, SBI stood at the seventh position in
HDFC Life launches Click2Protect Super term insurance policy: HDFC Life has launched a term insurance plan named Click2Protect Super. September 2022 Current Affairs Quiz Offers: It enables customisation as per protection needs and only pay for the benefits/plan options that you have chosen. It is a non-linked, non-participating, individual, pure risk premium/ savings life insurance plan. It provides with
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Canara HSBC Life Insurance launches iSelect Guaranteed Future Plan: Canara HSBC Life Insurance has launched a new life insurance policy named iSelect Guaranteed Future, an individual, non-linked, non-participating, savings and protection plan. September 2022 Current Affairs Quiz The policy comes in multiple options: iAchieve and Flexi iAchieve option: Pay for a limited period and get a guaranteed sum assured
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Nippon Life India AMC, DWS partner to launch Indian govt bond ETF: DWS Group and Nippon Life India Asset Management have collaborated to provide portfolio management and investment advisory services to the European-listed Indian Government Bond ETF. September 2022 Current Affairs Quiz DWS is continuously developing its range of ETFs in order to meet the ever-evolving needs of investors. Through this
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Retail inflation surges up to 7% in August 2022: According to the new data, the Retail inflation has been increased up to 7% in August 2022 from 6.71% in July 2022. Reason: Due to higher food prices. September 2022 Current Affairs Quiz The consumer price index (CPI)-based inflation is above the Reserve Bank’s decided level of 6% for the eighth
HDFC Bank issues first Electronic Bank Guarantee of India: HDFC Bank has become the first bank in India to issue an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL). September 2022 Current Affairs Quiz The new e-BG will eliminate the paper based and time-consuming process. It can be processed, stamped, verified and delivered instantly with enhanced security. HDFC Bank
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Axis Bank, Square Yards launch co-branded home buyer ecosystem: Axis Bank has partnered with the Square Yards to launch a joint branded home buyer ecosystem named “Open Door”. Aim: The entire process of finding and purchasing a dream house is hassle-free, effective, and enjoyable for clients. September 2022 Current Affairs Quiz This partnership also ensure that all customers get easy access to home
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