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.

SBI launches WhatsApp Banking Services for its customers

SBI launches WhatsApp Banking Services for its customers

State Bank of India has launched its WhatsApp Banking services to make banking easier for its customers. Customers of the SBI can access their Account Balance and view Mini Statement on WhatsApp. This WhatsApp Banking services can available to customers when they send a message saying ‘Hi’ on the number 919022690226. Bank is working to offer WhatsApp-based services to its […]

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RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank

RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank

RBI has imposed restrictions on Mumbai-based cooperative bank, Raigad Sahakari Bank. Reason: Worsening of financial situation of the lender. The restrictions also include a withdrawal limit of Rs 15,000 per customer and it will remain in force for a period of six months. RBI has also imposed a penalty of Rs 6 lakhs on Shri Chhatrapati Rajarshi Shahu Urban Co-operative

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RBL Bank and IMGC tie up for mortgage guarantee-backed home loans

RBL Bank and IMGC tie up for mortgage guarantee-backed home loans

India Mortgage Guarantee Corporation (IMGC) has signed a strategic partnership with RBL Bank to offer mortgage guarantee-backed home loan products to salaried and non-salaried customers. This partnership will help RBL Bank to extend the mortgage guarantee-backed home loans to new borrower segments through the bank’s network. It also help to create a conducive lending environment by ensuring timely disbursal

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Union Bank launched Open Banking Sandbox and Metaverse Virtual Lounge

Union Bank launched Open Banking Sandbox and Metaverse Virtual Lounge

Union Bank of India has announced the launch of a Metaverse Virtual Lounge & Open Banking Sandbox environment. This initiative is in partnership with Tech Mahindra. In the beginning, movies and information on the bank’s deposits, loans, government assistance programmes, digital initiatives, etc. will be hosted by Uni-verse. Customers will receive a special banking experience

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City Union Bank, Shriram General Insurance sign corporate agency agreement

City Union Bank, Shriram General Insurance sign corporate agency agreement

City Union Bank (CUB) signs MoU with Shriram General Insurance, where the bank will distribute the latter’s insurance products through its branches. Under this, Shriram General Insurance will offer personal lines of insurance products like motor, personal accident, home and travel, along with commercial lines of insurance products such as property, marine and engineering insurance to the

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To conduct fieldwork of inflation anticipation survey, RBI chooses Hansa Research Group

To conduct fieldwork of inflation anticipation survey, RBI chooses Hansa Research Group

Reserve Bank of India (RBI) announced to select to partner with the Mumbai-based Hansa Research Group in order to ogranize field research for the July 2022 cycle of the consumer confidence and inflation anticipation surveys. Reserve Bank of India (RBI) will conduct the July 2022 round of the two surveys with Hansa Research Group Pvt.Ltd., Mumbai. Mumbai has been hired to conduct

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South Indian Bank tie up with Kerala Forest & Wildlife Dept for digital payment collection 

South Indian Bank tie up with Kerala Forest & Wildlife Dept for digital payment collection 

The South Indian Bank has signed an agreement with Kerala’s Forest and Wildlife Department to enable digital collection of payments at eco-tourism centres, Vanasree shops, mobile Vanasree units and eco-shops across the State. The Forest Department has set up Vanasree shops and units with the objective of marketing forest products, conserving and managing biodiversity, protecting the rich and

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Axis Bank partners with EazyDiner to launch Dining Delights

Axis Bank partners with EazyDiner to launch Dining Delights

Axis Bank (third-largest private sector bank) has joined hands with EazyDiner to launch of Dining Delights for the bank customers. It offers choice of over 10,000 premium restaurants across India and Dubai. 40% discount on specific credit cards at hand-picked premium restaurants in India and Dubai. Customised birthday celebration offers for premium cardholders Aim: to serve customers who want choice,

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Airtel Payments Bank partners Axis Bank to digitise the cash collection

Airtel Payments Bank partners Axis Bank to digitise the cash collection

Airtel Payments Bank has joined hands with Axis Bank to digitize the cash collection system. Region: India’s tier III cities and semi-urban regions. Benefits: Axis Bank to build operational efficiencies in the cash management process, speed up the payment cycle  It helps in releasing the bandwidth of field agents who operate across the country. Agents can deposit the amount at

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