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 has become the net seller of the US currency in June 2022 after selling USD 3.719 billion on a net basis. The central bank has purchased USD 18.96 billion from the spot market and sold USD 22.679 billion. In June 2021, RBI was net buyer of the greenback after it purchased USD 18.633 billion on a net basis from the spot […]
RBI becomes Net Seller in June 2022 by selling 3.719 billion USD Read More »
BASIX Social Enterprise has launched BASIX Farmers’ Market (BFM) (AgriTech platform) in partnership with Mastercard. Objective: To integrate farmers into the digital economy. BFM will leverage technology capabilities of Mastercard and deep industry expertise of BASIX in agriculture to improve the lives of small and marginal farmers. This platform will digitizes data and workflows for FPOs with strong controls on data privacy and security. CEO BASIX:
BASIX, Mastercard partner to digitize the rural ecosystem in Maharashtra Read More »
PNB has launched pre-qualified credit card which also including insurance coverage. It has also introduced a facility of overdraft against fixed deposit on PNB One in a few clicks and a single OTP. This card facility will be available for salary account customers and they will be able to apply through PNB One, or website. There is a concession of 0.25% on the interest rate
The RBL Bank has appointed Gopal Jain and Dr. Sivakumar Gopalan as the non-executive directors. Gopal Jain: He cofounded Gaja Capital in 2004 and is a Managing Partner at firm. He has also been a member of Alternative Investment Policy Advisory Committee of SEBI since 2018. Dr. Sivakumar Gopalan: He has been a faculty of the Dept of Computer Science and Engineering,
RBL bank appoints Gopal Jain, Sivakumar Gopalan as non-executive directors Read More »
HDFC ERGO General Insurance Company has launched a portal named ‘All Things EV’ (www.allthingsev.io) for Electric Vehicles (EV). This is the country’s first one-stop-solution portal that can be used by existing and potential EV users. This portal provides information on nearby charging stations, locations of charging stations. The platform serves to all Indians who have either purchased EVs or are planning to
HDFC ERGO launches portal for EV Users to locate charging stations Read More »
India has signed USD 96.3 million (Rs 769 crore) loan agreement with the Asian Development Bank (ADB) for safe drinking water and improve water supply and sanitation services in Himachal Pradesh. This agreement was signed between the multilateral lending agency and the central government. The project will buildup the capacity of the Jal Shakti Vibhag of the Government of Himachal
ADB to provide $96.3 million loan to Himachal Pradesh Read More »
SEBI has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system. It will allow customers to share information about their mutual fund and stock holdings with financial service providers. The account aggregator (AA) is a licensed by the RBI to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users
The Unified Payments Interface (UPI) is ready to foray into the UK market starting with QR code-based transactions. The NPCI International Payments Ltd (NIPL) has partnered with payments solutions provider, PayXpert to internationalise the acceptance of its payment solutions in the UK. UAE, Japan, the US, Singapore, Bhutan, Nepal and France are already accepting UPI payment services. NIPL is the wholly-owned subsidiary
UPI expands to UK, provides hassle-free digital transactions Read More »
The Reserve Bank of India has canceled the licence of Deccan Urban Co-operative Bank, Karnataka the lender does not have adequate capital and earning prospects. As per the data submitted by the bank, more than 99 percent of the depositors are entitled to receive the full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC). The cooperative bank
RBI cancels licence of Deccan Urban Co-operative Bank Read More »
As per the annual report of bank for FY 22, Axis Bank chief executive officer, Amitabh Chaudhry was the highest-paid private bank chief in India in the previous financial year, has drawn a total of Rs 7.62 crore in annual salary. Followed by IndusInd Bank chief, Sumant Kathpalia, who made over Rs 7.31 crore in annual salary in FY22. Sandeep Bakhshi,
Axis bank CEO is the highest paid bank CEO in India Read More »
