Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Airtel Payments Bank has partnered with IndusInd Bank to offer fixed deposit (FD) facilities to its customers. A customer can open FD of Rs 500 up to Rs 190,000 on the Airtel Thanks app. With this partnership, customers of Airtel Payments Bank savings account will get an interest rate of up to 6.5 %p.a. and senior citizens will get an additional 0.5% on all fixed […]
Airtel Payments Bank offers FD Facility with IndusInd Bank Read More »
Tata Consultancy Services (TCS) has expanded its strategic partnership with SBI Cards to power digital transformation. TCS had helped the SBI cards to transform its core cards sourcing platform and digitized a significant portion of the process. TCS will digitalize and transform the online onboarding processes to enable a faster turnaround and frictionless experience. SBI Card CEO: Rama Mohan Rao Amara; TCS CEO
SBI Cards partnership with TCS to boost digital transformation Read More »
Dhanlaxmi Bank has signed a pact with Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC) for tax collection. The bank has been authorised by the Reserve Bank of India (RBI) based on recommendation from the Controller General of Accounts for collection of various taxes. This MoU will help customers to pay
Dhanlaxmi Bank signs pact with CBDT & CBIC for tax collection Read More »
Small Industries Development Bank of India has provided the first approval under the SIDBI Cluster Development Fund (SCDF) to the Maharashtra Govt. The ₹600 crore aid has been approved for reviving/ upgrading ITIs/polytechnics run by the Directorate of Vocational Education and Training under the Department of Skills, Employment, Entrepreneurship and Innovation. SIDBI is the principal financial institution focused on promotion, financing and development
SIDBI gives in-principle nod for ₹600-crore assistance to Maharashtra Read More »
The Reserve Bank of India (RBI) said it has imposed a monetary penalty of Rs 17.63 lakh on Manappuram Finance Limited for non-compliance of norms related to Know Your Customer (KYC) and Prepaid Payment Instruments (PPIs). KEY POINTS: The Reserve Bank of India (RBI) has imposed monetary penalty of Rs 17,63,965 on Manappuram Finance Limited
Kotak Mahindra Bank (KMBL) announced the launch of Kotak FYN, its new enterprise portal exclusive for Business Banking and Corporate clients. The bank’s customers can use the portal to carry out all trade and services transactions. By the last quarter of 2022, the Kotak FYN portal will include many other services, including account services, payments
The Centre has completed asset monetisation worth Rs 96,000 crore during FY22, surpassing the target of Rs 88,000 crore. For FY23, it has set itself a goal of Rs 1.62 trillion, and already has a pipeline of assets worth Rs 1.6 trillion under advanced stages of implementation, an official said. The sectors which contributed most
Centre exceeds FY22 Asset Monetisation Target; Rs 96,000 crore realised Read More »
The Asian Development Bank (ADB) on Tuesday signed an agreement with the Government of India to offer $2 million project readiness financing (PRF) loan for designing climate-resilient urban infrastructure, strengthening institutional capacity and improving municipal resource mobilisation in Nagaland. The PRF loan will be used for designing water supply, sanitation, solid waste management and urban
ADB approves $2 million loan to support urban development in Nagaland Read More »
Axis Bank has signed a USD 150 million Partial Guarantee Facility Agreement (PGFA) with the Asian Development Bank (ADB) to support supply chain financing for impact sectors. The programme will have a special focus on ESG (environmental, social and governance). The deal will help Axis Bank to boost its support of SMEs, contribute to economic growth, and create jobs that improve people’s
Axis Bank and ADB collaborate to offer supply chain finance Read More »
The Reserve Bank of India (RBI) on Thursday issued guidelines for the establishment of ‘Digital Banking Units’ as announced in the Union Budget 2022-23 by Finance Minister Nirmala Sitharaman earlier this year. In the Union Budget 2022-23 the finance minister made announcements for setting up of 75 Digital Banking Units (DBUs) in 75 districts to
RBI releases Guidelines on Establishment of Digital Banking Units (DBUs) Read More »
