Bank Current Affairs 2019 | Page 43 of 57 | Gkseries.com

ICICI Securities and CoverStack join hands to offer insurance

ICICI direct and CoverStack have announced a partnership to offer insurance on icicidirect.com that will be powered by CoverStack. CoverStack operates Coverfox Insurance (coverfox.com) which follows a plug-and-play model. It provides technological solutions and insurance infrastructure to banking, financial services, and Insurance players. ICICIdirect offers insurance products from several insurance companies.

ICICI Securities and CoverStack join hands to offer insurance Read More »

PNB implements Positive Pay System compulsory for cheque payments worth Rs 10 lakh

Public sector lender Punjab National Bank from April 4, 2022, Monday, has implemented the Positive Pay System (PPS) being compulsory for cheque payments worth Rs 10 lakh and above. This is being done as a move to protect its over 180 million customers from any security threats. The bank had announced to make Positive Pay System mandatory last

PNB implements Positive Pay System compulsory for cheque payments worth Rs 10 lakh Read More »

Union Bank launches super-app UnionNXT, digital project SMBHAV

The Union Bank of India (UBI) has launched its super-app named UnionNXT on April 06, 2022. The app UnionNXT will offer a number of services including payments, online shopping, bill payments, recharges, investment, loans, and fund transfers, on a single platform. Union Bank of India is looking for recovery from the spending in 2 years and aims to have 50% of

Union Bank launches super-app UnionNXT, digital project SMBHAV Read More »

ADB projects India’s economy to grow by 7.5% in FY23

Asian Development Bank on Wednesday projected a seven percent collective growth for South Asian economies in 2022 with the subregion’s largest economy India growing by 7.5 percent in the current fiscal year before picking up to eight percent the next year. Pakistan’s growth will be four percent in 2022 on weaker domestic demand. South Asia –

ADB projects India’s economy to grow by 7.5% in FY23 Read More »

SBI signs MoU with Border Security Force to offer curated benefits through CAPSP Scheme

SBI and Border Security Force sign MoU to offer curated benefits through CAPSP Scheme: The State Bank of India (SBI) and Border Security Force (BSF) have signed a Memorandum of Understanding (MoU) in order to offer solutions for financial security to serving and retired BSF personnel and family pensioners through the Central Armed Police Salary Package (CAPSP)

SBI signs MoU with Border Security Force to offer curated benefits through CAPSP Scheme Read More »

HDFC Bank announce the merger with HDFC Ltd

Mortgage lender HDFC is set to merge with HDFC Bank to create India’s third-biggest financial entity in terms of market capitalisation. With the proposed merger, HDFC Bank can build its own housing loan portfolio and also enhance its existing customer base. HDFC Bank will be 100% owned by public shareholders. The scheme is subject to the receipt of multiple approvals. HDFC Bank

HDFC Bank announce the merger with HDFC Ltd Read More »

Axis bank acquiring Citibank India business

The US-based Citibank group is selling its India business to Axis Bank for Rs 12,325 crore. The deal will be closed in the mid of the 2023 calendar year. As per the deal, Citibank must exit from consumer franchises in 13 markets, including India. Currently, Axis Bank is the fourth-largest issuer of credit cards. Citi bank has entered India in 1902 and

Axis bank acquiring Citibank India business Read More »

ADB provides USD 143 million to Bangladesh

The Asian Development Bank (ADB) has approved a loan package of USD 143 million for Bangladesh to support government efforts to speed up the growth by improving the efficiency, predictability, and security of cross-border trade. The ADB loan package includes a $90 million International policy-based loan, a $53 million project loan that will construct integrated land customs and $1.5

ADB provides USD 143 million to Bangladesh Read More »

RBI Governor dedicates Varnika Ink Manufacturing Unit of BRBNMPL to the Nation

Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has set up Varnika with an annual ink manufacturing capacity of 1,500 MT to enhance the security of banknotes. It is a boost to ‘Make in India’ initiative. It ensures that the entire requirement of banknote printing inks is produced in-house. Bharatiya Reserve Bank Note Mudran Private Limited

RBI Governor dedicates Varnika Ink Manufacturing Unit of BRBNMPL to the Nation Read More »

Shaktikanta Das lays Foundation Stone of Learning and Development Centre (LDC) of BRBNMPL in Mysuru

Shaktikanta Das, Governor, Reserve Bank of India (RBI), laid foundation stone for the establishment of a Learning and Development Centre (LDC) of the Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL), a wholly owned subsidiary of RBI, (March 28, 2022) in Mysuru. Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) is a wholly-owned subsidiary of

Shaktikanta Das lays Foundation Stone of Learning and Development Centre (LDC) of BRBNMPL in Mysuru Read More »