Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: According to the RBI’s data during the financial year 2022-23, banks wrote off bad loans amounting to over Rs 2.09 lakh crore, contributing to a total loan write-off of Rs 10.57 lakh crore by the banking sector over the past five years. Daily Current Affairs Quiz: July 2023 This […]
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Canara Bank was top lender to public sector cos in FY23: Finance Minister Nirmala Sitharaman informed Parliament that during the fiscal year 2022-23, Public Sector Banks (PSBs) extended loans amounting to ₹4.12 trillion to state-backed corporations and public sector undertakings. Daily Current Affairs Quiz: July 2023 Responding to questions by member of parliament, Velusamy P, Sitharaman informed the Lok Sabha that
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RBI caps deposit withdrawal from ailing National Co-operative Bank: The Reserve Bank of India (RBI) imposed business restrictions on The National Co-operative Bank Ltd and capped deposit withdrawal at Rs 50,000 per account in July 2023. Daily Current Affairs Quiz: July 2023 The bank shall not grant or renew any loans and advances, make any investment, incur any liability including borrower
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RBI Includes ‘NongHyup Bank’ In The List Of Scheduled Banks Under Schedule II of RBI Act, 1934: In a recent notification, the Reserve Bank of India (RBI) has announced the addition of “NongHyup Bank” to the Second Schedule of the RBI Act, 1934. This momentous move is a watershed moment for NongHyup Bank, which is
Logistics Data Bank Project meeting conducted: The Department for Promotion of Industry and Internal Trade (DPIIT) held a Logistics Data Bank Project meeting. Daily Current Affairs Quiz: July 2023 Agenda: To review the measures taken by Port Authorities to improve port performance Highlights: The significance of adopting a holistic approach to improving the productivity of ports in order to
Australia names first woman to Lead Central Bank: Michele Bullock becomes the first woman to lead Australia’s Central Bank since it was founded in 1960. Daily Current Affairs Quiz: July 2023 She will succeed Philip Lowe, who is coming to the end of a seven-year term as governor of the Reserve Bank of Australia (RBA). Her appointment comes as
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IFSC Banking Unit inaugurated by Bank of India at GIFT City.: On 12 July, the Bank of India inaugurated its IFSC Banking Unit (IBU) in the International Financial Services Centre at GIFT SEZ area in Gandhinagar. BOI has targeted to achieve $1 billion in business by March 2024 and $4 billion in the subsequent three
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Australia picks first female central bank head to shepherd through reform: Australia has appointed the first female head of its central bank, passing over the current governor to elevate his deputy to the high-profile job amid a public backlash over steeply rising interest rates. Australian Treasurer Jim Chalmers and Prime Minister Anthony Albanese announced that
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A new campaign for banks under Agri Infra Fund launched: Manoj Ahuja (Secretary, Ministry of Agriculture) launched a month-long campaign for banks under Agri Infra Fund, starting on July 15-August 15, 2023. Daily Current Affairs Quiz: July 2023 This one month-long Campaign (from 15th July 2023 to 15th August 2023) with a target of Rs 7200 crore was launched through
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RBI cancels licence of 2 cooperative banks: The Reserve Bank of India (RBI) has cancelled the licence of two cooperative banks — Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Wai, Satara. Reason: As the lenders do not have adequate capital and earning prospects. Daily Current Affairs Quiz: July 2023 About 99.96% of the depositors of Harihareshwar Sahakari
