Bank Current Affairs 2019 | Page 51 of 57 | Gkseries.com

ADB Approves $ 1.5 Billion Loan to India for Purchasing Covid-19 Vaccines

The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement. The loan from ADB will fund at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people, it added. It will support India’s National Deployment and Vaccination Plan which aims to fully vaccinate 94.47 crore people aged 18 […]

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ADB approves USD1.5 billion loan to India for COVID-19 vaccine procurement

The Asian Development Bank has approved a USD 1.5 billion (around Rs 11,185 crore) loan to India for COVID-19 vaccine procurement. ADB approved a USD 1.5 billion loan to help the Government of India purchase safe and effective vaccines against the coronavirus disease (COVID-19. The fund will be used to procure at least 66.7 crore

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JP Morgan named world’s most systemic bank: FSB

JP Morgan Chase has topped the 2021 list of globally systemic banks (G-SIBs) released by the Financial Stability Board (FSB). The updated G-Sib list, published on November 23 by the Financial Stability Board, saw JP Morgan rise to the fourth ‘bucket’, implying a capital surcharge of 2.5% of risk-weighted assets. It is the only bank in the bucket. The

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India & World Bank inks $250 million loan agreement to improve quality of learning in Andhra Pradesh

The Government of India, Government of Andhra Pradesh and the World Bank on 18th November 2021 signed the legal agreements for $250 million for a project which aims to improve quality of learning for over 50 lakh students in the state of Andhra Pradesh. Over 50 lakh students from all grades and stages of school education will

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ICICI Bank launches online platform ‘Trade Emerge’ for exporters and importers

Private sector lender ICICI Bank has announced the launch of an online platform, Trade Emerge, to offer digital banking and value-added services to exporters and importers across India. This is aimed to make cross border trade hassle-free and convenient, as it eliminates the need for companies to coordinate with multiple touchpoints. The list of banking

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SIDBI collaborated with Google for financial assistance to MSMEs

Small Industries Development Bank of India (SIDBI) has collaborated with Google to launch a $15 million financial assistance program for micro-enterprises. It is a one-of-a-kind program by SIDBI as a crisis response related to Covid-19 to reinvigorate the MSME sector Total corpus: $15 million or Rs 110 crore Target Group: Micro Enterprises with turnover up to Rs 5 crore Loan

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AIIB approves USD 150 million loans for implementation of Sustainable Urban services program for Chennai Metropolitan Area

The Asian Infrastructure Investment Bank (AIIB) has approved 150 million USD loan to the Government of India for the implementation of the Sustainable Urban services program for the Chennai Metropolitan Area (CMA). AIIB Vice President (Investment Operations), Dr. D.J. Pandian while speaking to Prasar Bharati Special Correspondent exclusively said that India is the largest beneficiary

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Kotak Mahindra Bank, PVR Cinemas launch co-branded movie debit card

PVR Cinemas has partnered with Kotak Mahindra Bank to launch first of its kind co-branded movie debit cards. Kotak PVR debit cardholders will get automatically enrolled to the PVR Privilege Plus programme. With this, cardholders will receive joining vouchers and earn points on every transaction on the debit card at PVR and outside PVR as well, with

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World Bank and ADB launches ‘WePOWER India’ to increase women workforce in the energy sector

The WePOWER India Partnership Forum, held through a virtual platform on November 9, 2021, launched the efforts to scale up the South Asia Women in Power Sector Professional Network (WePOWER) in India. The event was organized by the World Bank and Asian Development Bank (ADB) in partnership with the India Smart Grid Forum (ISGF). The objective of the forum was to

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HDFC Bank launches the 2nd edition of “Mooh Band Rakho” campaign

HDFC Bank launches the 2nd edition of the “Mooh Band Rakho” campaign

Having tasted the success of its Mooh Band Rakho campaign in 2020, HDFC Bank has announced the launch of the second edition in support of International Fraud Awareness Week 2021. Through this initiative, the bank aims to increase awareness on all types of frauds and the importance of keeping your mouth shut to ensure their

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