Bank Current Affairs 2019 | Page 47 of 57 | Gkseries.com

Karnataka Bank gets digital transformation award

Karnataka Bank is awarded with the prestigious Digital Transformation Award, ‘DX 2021 Awards’ in recognition of the “Innovative” Best Practice ‘KBL VIKAAS’, conferred by Confederation of Indian Industry [CII] for Best Practice in Digital Transformation. The bank recently launched the digital transformation journey ‘KBL NxT’ as part of wave 2.0 of ‘KBL VIKAAS’, with an objective of taking the digital […]

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ICICI lombard partners with Airtel Payments Bank for Cyber Insurance

ICICI Lombard General Insurance on Monday said it is offering cyber insurance to customers of Airtel Payments Bank as rising digital payments and transactions pose threat of cyber fraud. This Cyber Insurance policy provides financial protection to customers against potential financial fraud relating to banking, credit or debit card; identity theft; phishing or email spoofing

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Exim Bank extends USD 500 mn Line of Credit to Sri Lanka

The Export-Import Bank of India (Exim Bank) has extended a line of credit (LoC) of USD 500 million to Sri Lanka on behalf of the Government of India on February 03, 2022. The fund will be used by the Island nation for the purchase of petroleum products. With the signing of the LOC agreement for

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SBI listed the maiden issue of $300 million Formosa bonds on India INX

State Bank of India (SBI) said on Friday that it has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC. This is the first such issuance by any Indian Bank in Formosa Bond market. Formosa bond is a bond issued in Taiwan. SBI was the first issuer whose Green bonds

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SPMCIL sets up new bank note printing lines at Nashik and Dewas

Security Printing and Minting Corporation of India Limited (SPMCIL) under its modernization initiatives has set up New Bank Note Printing Lines each at Currency Note Press, Nashik and Bank Note Press, Dewas. SPMCIL is a Government of India-owned Miniratna company and is engaged in the manufacture/production of Currency and Bank Notes, Security Paper. Dewas inauguration

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Tata Group choose SBI, Bank of Baroda and HDFC Bank as preferred bankers for Air India

The Tata Group has chosen State Bank of India, Bank of Baroda and HDFC Bank as preferred bankers for Air India. Recently Tata Group has taken over Air India from the government. Air India is the largest international carrier out of India with an 18.6% market share. Tata Sons have availed of a Rs 10,000-crore loan from SBI and a Rs

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RBI imposes restrictions on Lucknow-based Indian Mercantile Cooperative Bank Ltd with a withdrawal cap of Rs 1 lakh for six months

The Reserve Bank on January 28, 2022 said it has imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of ₹ 1 lakh on withdrawals. The restrictions came into force from closure of business hours on January 28, 2022. The restrictions would remain in force for six months. The withdrawal limit

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Govt extends scope of Advisory Board for Banking and Financial Frauds (ABBFF) to cover all fraud cases involving amount of Rs.3 Crore and above

The Central Vigilance Commission (CVC) on Thursday expanded the scope of the Advisory Board for Banking and Financial Frauds (ABBFF), which would now examine bank frauds of Rs 3 crore and above and recommend action. Till now, the ABBFF was only looking into banking and financial frauds of Rs 50 crore and above. The ABBFF

Govt extends scope of Advisory Board for Banking and Financial Frauds (ABBFF) to cover all fraud cases involving amount of Rs.3 Crore and above Read More »

Govt notifies amalgamation of PMC Bank with Unity Small Finance Bank Ltd

The government on January 25, 2022 notified the Punjab and Maharashtra Cooperative (PMC) Bank amalgamation scheme with Delhi-based Unity Small Finance Bank Ltd (USFBL), with effect from January 25, 2022. This means that from January 25, 2022 all the branches of the PMC Bank will function as branches of Unity Small Finance Bank Ltd. Unity

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Rs 12 crore siphoned off by hackers from of Andhra Pradesh Mahesh Co-op Urban Bank

Servers of city-based Andhra Pradesh Mahesh Co-operative Urban Bank were hacked by some people and funds to the tune of nearly Rs 12 crore were allegedly fraudulently transferred to several bank accounts across the country, police said on Tuesday. The amount was not siphoned from the accounts of the customers rather it was transferred from

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