Bank Current Affairs

Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.

irdai eases firm registration process from 8 to 2 months

irdai eases firm registration process from 8 to 2 months

irdai chairman, debasish panda has announced that irdai has been eased the registration process of new companies by reducing the time taken to process new applications from 8 to 2 months. The regulator has created a facilitation cell consisting of two officers for handholding the applicants so that the entity gets its approval to start its operations. According to irdai data, the insurance penetration […]

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PGIM India Mutual Fund launches Money And Me website

PGIM India Mutual Fund launches Money And Me website

PGIM India Mutual Fund has launched a new investor education and awareness website: MoneyAndMe (https://moneyandme.pgimindiamf.com/). This website contains exhaustive content on various aspects of personal finance including household budgeting, protection, savings and investing. The company also launched of a consumer awareness campaign – ‘Aapka HappinessPlanned’ to promote the MoneyAndMe Initiative Aim: To help investors dealing with various financial challenges.

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SIDBI and TPRMG join hands to set up 1000 green energy enterprises

SIDBI and TPRMG join hands to set up 1000 green energy enterprises

Small Industries Development Bank of India (SIDBI) has partnered with the TP Renewable Microgrid Ltd (TPRMG), a wholly-owned subsidiary of Tata Power. Aim: To set up 1,000 green energy enterprises throughout the country As per the agreement, SIDBI will provide them a “Go REsponsive, ENterprise incentive (GREENi)”,after the entrepreneurs finish a capacity-building programme organised by TPRMG. Tata Power CEO: Praveer

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RBI imposes restrictions on Thodupuzha Urban Co-operative Bank

RBI imposes restrictions on Thodupuzha Urban Co-operative Bank

The RBI has imposed certain restrictions on Kerala-based, Thodupuzha Urban Co-operative Bank for a period of six months (August 23, 2022). Reason: Due to its deteriorating financial condition Impact: Restriction on granting or renewing loans and advances and making any investments. Suspended withdrawal in the bank’s savings and current accounts for depositors. The bank will continue its banking business with restrictions till

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HDFC Bank to acquire 9.94% stake in Go Digit Life Insurance

HDFC Bank to acquire 9.94% stake in Go Digit Life Insurance

HDFC Bank would invest in Go Digit Life Insurance Ltd, the general insurer backed by Canada-based Fairfax Group. HDFC Bank has proposed an investment of between Rs 49.9-69.9 crore (two tranches) by subscribing to equity shares of the company for an equity stake of up to 9.944% of the paid-up equity share capital of the company. Recently, Go Digit General Insurance filed draft

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Tata Neu partners with HDFC Bank to launch co-branded credit card variants

Tata Neu partners with HDFC Bank to launch co-branded credit card variants

Tata Neu and HDFC Bank have partnered to launch two co-branded credit cards variants- (1) Tata Neu Plus HDFC Bank Credit Card (2) Tata Neu Infinity HDFC Bank Credit Card Customers will earn 2% NeuCoins with Tata Neu Plus HDFC Bank Credit Card on all purchases on partner Tata brands. And, customer will earn 5% NeuCoins with Tata Neu Infinity HDFC Bank Credit

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BOB financial launched contactless credit card with Indian Army

BOB financial launched contactless credit card with Indian Army

A co-branded RuPay credit card for Indian Army personnel has been introduced by BOB Financial Solutions Limited (BFSL), a fully owned subsidiary of Bank of Baroda (BoB), in collaboration with National Payments Corporation of India (NPCI). This co-branded credit card will be available on the RuPay platform and have contactless features. All members of the Indian Army

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