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.

Central Bank of India signed a co-lending agreement with U GRO Capital

Central Bank of India signed a co-lending agreement with U GRO Capital

Central Bank of India and U GRO Capital has signed a co-lending agreement and under this partnership, the two entities aim to disburse upto Rs. 1000 crore to UGRO Capital’s varied MSME segments under its programs like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in next 12 months. Central Bank of India will provide co-lending support through […]

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Equitas Small Finance Bank became Partner of Maharashtra state govt

Equitas Small Finance Bank became Partner of Maharashtra state govt

Equitas Small Finance Bank Limited has announced its association with the Government of Maharashtra as a banking partner with a view to offer its services to the state government employees. The Bandhan Bank, Karur Vysya Bank, and the South Indian Bank have been assigned the role of distributing salaries and allowances to the government employees. This partnership will

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RBI allowed SFBs as Agency Bank to conduct Govt Business

RBI allowed SFBs as Agency Bank to conduct Govt Business

The Reserve Bank of India (RBI) has thrown open the government agency business like tax collection to scheduled payment banks and scheduled small finance banks (SFBs). This is part of move to provide further scope to private banks to conduct government agency business. In May this year, RBI has revised the existing guidelines on ‘Appointment of Scheduled Private Sector Banks as Agency Banks of RBI’ for

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ADB approves $112 million loan to establish Assam Skill University

ADB approves $112 million loan to establish Assam Skill University

The Asian Development Bank (ADB) has approved a $112 million loans for Assam to strengthen skill education and training through the establishment of Assam Skill University (ASU). The Loan will create a path for skill development to enhance the productivity and competitiveness of Assam’s economy and industries. The project will further enhance collaboration between the ASU

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Axis Bank tied up with Swift to provide a digital banking solution

Axis Bank tied up with Swift to provide a digital banking solution

Axis Bank is working with new digital services from provider Swift to provide a comprehensive digital solution to clients. The bank is integrating with different digitization initiatives by government bodies and service providers to extend an end-to-end service to business clients. In businesses, we have seen two years of digitization take place in two months after the pandemic.

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ADB projected growth forecast for 2021-2022 for India at 9.7%

ADB projected growth forecast for 2021-2022 for India at 9.7%

Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7% from 10% but left the 2022 growth forecast unchanged at 7.5%. The inflation forecast of developing Asia was revised to 2.1%  for 2021 and unchanged at 7% for 2022. Asian Development Outlook Supplement Report 2021-22: In its Asian Development Outlook Supplement Report of December 2021, the Asian Development Bank (ADB) has trimmed the growth forecasts for

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Bank of Baroda launches bob World Wave

Bank of Baroda launches bob World Wave

Bank of Baroda (BoB) has launched a solution for digital banking payments, named bob World Wave. Wearable technology is seeing tremendous interest across the globe and lenders are using this opportunity to adopt a more convenient and cashless digital payment system. This is an innovative solution, intended to perfectly deliver preventive health actions as well as easier payment

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ADB approves Rs 2,645-crore loan to improve urban services in India

ADB approves Rs 2,645-crore loan to improve urban services in India

Asian Development Bank said it has approved a Rs 2,644.85 crore (USD 350 million) loan for India to help improve its urban services. The loan supports the policies established by the Ministry of Housing and Urban Affairs to accelerate universal coverage of piped water supply and improved sanitation. This is part of the recently launched national programme AMRUT 2.0 and

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