Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Ratnakar Bank Limited is working on a new digital platform titled Abacus 2.0 that will help the bank to scale up customer acquisition over the next few years. Using Abacus 2.0, RBL Bank will provide products and services to new as well as existing customers digitally. Abacus 1.0 was launched by RBL as a platform to […]
RBL Bank working on a new digital platform ‘Abacus 2.0’ Read More »
The Reserve Bank of India (RBI) has approved the re-appointment of Amitabh Chaudhry as the Managing Director & CEO of Axis Bank for a period of three years. The private lender confirmed the appointment and stated that it has received the central bank’s approval for Chaudhry’s re-appointment for another three-year period, with effect from 1
RBI approves re-appointment of Amitabh Chaudhry as MD, CEO of Axis Bank Read More »
Punjab National Bank (PNB) launched the ‘6S Campaign’ under customer outreach programme to extend financial services at a concessional rate during the festival season. The ‘6S Campaign’ encapsulates different schemes such as – Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp, and Swagat. It is a financial inclusion campaign.
Punjab National Bank launches ‘6S Campaign’ under customer outreach programme Read More »
Kotak Mahindra Bank Ltd (KMBL) launch Micro ATMs across the country. Customers of all banks who possess a debit card can use a Kotak Micro ATM for key banking services such as cash withdrawals and checking account balances. A mini version of an ATM, micro ATMs are small handheld devices. The bank will use its
Kotak Mahindra Bank launches Micro ATMs across India Read More »
Karnataka Vikas Grameena Bank (KVGB) sponsored by Canara Bank Bank has bagged two awards from Pension Fund Regulatory and Development Authority (PFRDA) for significant enrolment under Atal Pension Yojana (APY). KVGB Chairman P. Gopi Krishna received awards from PFRDA Chairman Supratim Bandopadhyay. KVGB is playing a pivotal role in implementing all three social security schemes (PMJJBY,
Karnataka Vikas Grameena Bank bags two national awards Read More »
International Financial Services Centres Authority (IFSCA) and GIFT City launched I-Sprint’21, the global FinTech Hackathon Series of IFSCA on 7th October 2021 at 11.30 AM IST. The first Sprint of the series is “Sprint01: BankTech”, which focuses on FinTechs for the Banking sector. Sprint01: BankTech is organised jointly by IFSCA and GIFT city in collaboration with NITI Aayog. The Partners to the
IFSCA launches Global FinTech Hackathon Series ‘I-Sprint’21’ Read More »
Kotak Mahindra Bank Limited (KMBL) has announced that it has received approvals from the Government of India for the collection of direct and indirect taxes such as income tax and goods and services tax through its banking network. With this, the bank becomes the first scheduled private sector bank to receive approval after the announcement by Finance Minister Nirmala Sitharaman allowing all banks to
Kotak Bank gets approval from the government to collect direct and indirect taxes Read More »
The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring. This means the bank will no longer face strict lending restrictions that were put in place by the RBI. RBI said that as per the published results for the
RBI takes Indian Overseas Bank out of PCA Framework Read More »
The World Bank Group has decided to stop publishing its “Doing Business report on country investment climates” because of allegations of irregularities. This decision was taken in the backdrop of the probe of data irregularities allegedly because of the pressure by top bank officials, for boosting China’s ranking in 2017, came to light. “After reviewing
World Bank Group to discontinue publishing ‘Doing Business’ report Read More »
The Reserve Bank of India (RBI) has given its approval for the re-appointment of V. Vaidyanathan as the Managing Director (MD) & Chief Executive Officer (CEO) of the IDFC First Bank. Mr. Vaidyanathan has been appointed for a further period of three years, which will be effective from December 19, 2021. He first took charge as the MD
RBI approves re-appointment of V. Vaidyanathan as MD & CEO of IDFC FIRST Bank Read More »
