Bank Current Affairs

Ombudsman disposed of 32% more complaints against insurers in 2021-22: The Insurance ombudsman has disposed of 40,527 complaints against insurance firms across the country during 2021-22 as compared with 30,596 in 2020-21. The complaints relating to health insurance made up a third of the total number cases disposed of by ombudsmen in 2020-21. September 2022 Current Affairs Quiz Ombudsman:

ESAF Bank launches ‘rainbow account’ for transgender community: ESAF Small Finance Bank Ltd has launched a ‘Rainbow Savings Account’ for the transgender community. This bank account offer a host of features, including high savings rate and advanced debit card facilities. September 2022 Current Affairs Quiz In 2015, the Reserve Bank of India has directed banks to include a separate

IDFC FIRST Bank joins the Open Network for Digital Commerce: IDFC First Bank has signed up as participant in the Open Network for Digital Commerce (ONDC), an initiative of ministry of commerce and industry. September 2022 Current Affairs Quiz The bank has enabled a platform for buyers, that help them to discover sellers in the ONDC network. The bank

Reliance General Insurance, Policybazaar launch Reliance Health Gain Policy: Reliance General Insurance and Policybazaar have jointly launched Reliance Health Gain Policy. The company looks optimistic with the launch as one of its officials said that offering Reliance Health Gain Policy on Policybazaar will enable us to make our most flexible health insurance product accessible to a larger

Karnataka Bank becomes part of Khajane II IFMS: Karnataka Bank has now become the participant of the Treasury Department’s Khajane-II (K2) integrated financial management system (IFMS). September 2022 Current Affairs Quiz Reason: For implementing the Single Nodal Agency (SNA) account system for Centrally Sponsored Schemes (CSS). The bank will continue to engage and cooperate with the Government of

Google Cloud partners with HDFC ERGO to digitise insurance buying in India: HDFC ERGO General Insurance, one of India’s leading insurance companies, announced it is partnering with Google Cloud to create a technology platform that will help digitize insurance purchasing and service in the country. Cloud computing division of Google has been partnered with HDFC ERGO General Insurance

HDFC Bank opened new SMS banking facility for its customers: The private sector lender HDFC Bank introduced a new SMS banking facility for its customers. The bank claims that now customers can access a wide range of banking services round-the-clock, 24/7 x 365 no matter where they are. September 2022 Current Affairs Quiz With the new SMS banking facility,

HDFC Bank, Precision selected by RBI for retail payments test phase: The Reserve Bank of India has announced that HDFC Bank (in partnership with Sweden-based Crunchfish Aktiebolag) and Precision Biometric India Pvt. Ltd has been selected for the test phase for their ‘offline retail payments’ and ‘InnaIT Key Solution for Banking’ products under the ‘On

CCI approves PayU’s $4.7 billion BillDesk acquisition: The Competition Commission of India (CCI) has approved the $4.7 billion acquisition deal between PayU (backed by Prosus) and online payments firm, BillDesk. September 2022 Current Affairs Quiz The commission has cleared the acquisition of 100% of the equity share capital of http://IndiaIdeas.com (BillDesk) by PayU Payments. The PayU-BillDesk deal is pegged as the second-largest