Bank Current Affairs 2019 | Page 36 of 57 | Gkseries.com

YES Bank ties up with IBSFINtech to provide digital services

YES Bank has joined hands with IBSFINtech (TreasuryTech Solution provider) to explore digital services for corporate clients. This partnership will strengthen the corporate treasury ecosystem with a strong decision-making tool and automated workflows. It will provide connectivity between a corporate’s ERP (Enterprise resource planning) and a bank’s solutions. YES Bank MD & CEO: Prashant Kumar; Headquarters: Mumbai

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RBI issues Digital lending norms to curb malpractices

RBI cancels licence of Rupee Co-operative Bank, Pune

RBI has cancelled the licence of Rupee Co-operative Bank Ltd, Pune, will be effective after six weeks (September 22, 2022). Reason: The bank is unable to pay its present depositors in full (capital inadequacy). It does not comply with the provisions of Section 11(1) and Section 22 (3) (d) with Section 56 of the Banking Regulation Act, 1949. The bank has also prohibited from

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New Payment System For NRIs: The BBPS

The Reserve Bank of India (RBI) proposed to allow non-resident Indians (NRIs) to make utility, education and other bill payments on behalf of their family members living in India. The payments will be processed through Bharat Bill Payment System’s (BBPS) cross-border inward bill payments facility. BBPS is a payments system conceptualized by RBI and run by National Payments

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RBI launches awareness campaign as unclaimed deposits increase

The RBI has launched a campaign to raise the awareness about the unclaimed deposits, with a focus on the eight states that have the maximum amount of unclaimed deposits. The unclaimed deposits in banks have increased to Rs 48,262 crore in FY22 from Rs 39,264 crore. Eight states: Tamil Nadu, Punjab, Gujarat, Maharashtra, Bengal, Karnataka, Bihar and Telangana/Andhra Pradesh. This

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HDFC Securities joins hands with Equitas SFB to offer demat services

HDFC Securities Ltd has partnered with Equitas SFB to provide demat accounts, and broking and investment services to its customers. Equitas Small Finance Bank will offer its customers 3-in-1 account, to access the services of HDFC Securities. With this partnership, Equitas Small Finance customers will be able to open their demat account for buying and selling shares and trading

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Piramal Enterprises receives approval from RBI to start NBFC business

The Reserve Bank of India (RBI) has allowed Piramal Enterprises to start their non-banking finance company (NBFC) business without accepting public deposits. The RBI has grant license under Section 45 IA of the Reserve Bank of India Act, 1934. The license was received by the Company on 26th July, 2022. Last year, the Piramal Enterprises board approved the demerger of its pharmaceuticals

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RBI approves Open, Cashfree Payments, PayNearby and Fairexpay for Cross-Border Payments

The Reserve Bank of India gave the go-ahead to Open, Cashfree Payments, PayNearby & Fairexpay, providers of payments and API banking solutions, for its cross-border payments offering. Cross-border payments are the focus of the Reserve Bank of India’s (RBI) announcement about the Second Cohort’s release from the Regulatory Sandbox. The reserve bank chose four of the eight entities that

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Canara Bank launches ‘Canara ai1’, a new mobile banking app

Canara Bank has launched a new mobile banking app – Canara ai1, it is available in 11 languages to cater to multiple sections of the society in their preferred language. Features: Intuitive UI and UX with multiple themes and customised menus which can be personalised as per the user’s choice. Security features: Device binding, malware detection, detection of remote administration tools and

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Standard Chartered Bank, EaseMyTrip launch co-branded credit card

Standard Chartered Bank has launched a co-branded credit card with EaseMyTrip to offer exclusive travel benefits with instant discounts and reward points to cardmembers. This credit card offers flat 20% instant discount on domestic & international hotel bookings, flat 10% on domestic & international flight bookings on EaseMyTrip. Standard Chartered Bank CEO: Bill Winters; Headquarters: London EaseMyTrip Headquarters: New Delhi

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IndusInd Bank approves raising Rs 20,000 crore

IndusInd Bank board has approved a proposal to raise up to Rs 20,000 crore in debt on a private placement basis to fund its business growth. As on March 31, the capital adequacy ratio of the bank stood at 18.42% (tier-I capital being at 16.80% and tier-II capital at 1.62%) as percentage of its risk-weighted assets. The fund-raising plan is subject

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