Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
RBI sells $13 billion in August to hold rupee at 80: The Reserve Bank of India is estimated to have sold about $13 billion in the spot market in August 2022. Reason: To defend the rupee from falling further against the US dollar. September 2022 Current Affairs Quiz A majority of India’s foreign exchange reserves is held in […]
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DBS partners withSandbox to launch ‘DBS BetterWorld: DBS Bank in partnership with Sandbox will create the ‘DBS BetterWorld’ in the metaverse world to showcase the importance of building a better and more sustainable world. September 2022 Current Affairs Quiz It will be known as DBS BetterWorld and will be open to everyone, including DBS subscribers, without charge. The Sandbox, a decentralized virtual
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HSBC commits Rs 125 cr to green causes in India over next 5 years: HSBC has committed to invest Rs 125 crore over the next five years to support green causes like wetland conservation and energy transition projects in India. September 2022 Current Affairs Quiz Under the commitment, the HSBC has divided the works into energy transition and nature-based solutions. Nature-based solutions: Projects
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Max Life launches Smart Flexi Protect Solution: Max Life Insurance Company Ltd. has launched the ‘Smart Flexi Protect Solution that offers health and enhanced life cover, along with market-linked investment returns. September 2022 Current Affairs Quiz This is a combination of Max Life Flexi Wealth Plus, and Max Life Critical Illness and Disability Secure Rider. This policy is a unique
Lord’s Mark Insurance receives direct insurance broker’s licence by IRDAI: The Insurance Regulatory and Development Authority of India (IRDAI) has given Lord’s Mark Insurance Brokerage Private Limited, the insurance division of Lord’s Mark Industries, a direct insurance broking licence to market life and general insurance products. With this direct broking licence, Lord’s Mark Insurance Industries
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RBI imposes fine on three entities for failing to comply: The Reserve Bank of India (RBI) imposes fine on three entities: Three organisations, including Industrial Bank of Korea, have received fines from the Reserve Bank for breaking regulations. September 2022 Current Affairs Quiz The Reserve bank of India announced that Industrial Bank of Korea has been
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HDFC Bank launched ‘Bank on Wheels’ in Gujarat: HDFC Bank, has unveiled ‘Bank on Wheels’ service in Gujarat, as a part of Rural Banking service. Aim: To increase the accessibility of Bank in rural area. Currently, the van is part of the pilot project and more vans are planned to be rolled out in various states. September 2022 Current Affairs
Axis Bank ties up with PayNearby for priority sector lending: PayNearby has partnered with the Axis Bank to aid the private lender in achieving the targets of priority sector lending. September 2022 Current Affairs Quiz This partnership will be used to set up current and savings accounts for both retail and individual customers in remote areas. As per the Reserve Bank
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UPI transactions hit record 657 crore in August 2022: The Unified Payments Interface (UPI) has recorded 657 crore transactions in August 2022, a 5% month-on-month growth compared to the previous month. September 2022 Current Affairs Quiz The transaction volume has crossed Rs 10.72 lakh crore in August. In July 2022, the UPI transactions breached the level of 600 crore. The growth
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Digital currency to reduce time, cost for cross-border transactions: RBI Deputy Governor, T Rabi Sankar has announced that, government will launch Central bank digital currency (CBDC) by the end of 2022. September 2022 Current Affairs Quiz The RBI will launch digital currency on a pilot basis in 2022. In Budget for 2022-23, the finance minister had said the
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