Forex reserves rise by $1.85 billion to $595.05 billion: According to the RBI, India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30, 2023. The overall reserve had dropped by $2.901 billion to $593.198 billion in the previous reporting week. ...

PNB launches its virtual branch in the Metaverse: Punjab National Bank (PNB) has launched its virtual branch, PNB Metaverse. It is a virtual branch of the bank, which will deliver a unique experience of banking to existing and new customers. Daily Current Affairs Quiz: July ...

Flipkart, Axis Bank tie-up to offer upto Rs 5 lakh in lending to customers: Flipkart has joined hands with Axis Bank to offer loans for up to Rs 5 lakh to customers. The lending service is accessible through Flipkart's app and boasts a 30-second approval time while removing the need ...

RBI panel recommends measures for internationalization of rupee: RBI's working group has recommended the inclusion of the rupee in the Special Drawing Rights (SDR) basket and recalibration of the foreign portfolio investor (FPI) regime to accelerate the pace of internationalization of the rupee. ...

Bank of India becomes first bank to offer Mahila Samman Savings Certificate: Bank of India has become the first bank to officially roll out Mahila Samman Savings Certificate (MSSC) scheme. Daily Current Affairs Quiz: July 2023 The account will mature after two years from the date of ...

State Bank of India celebrates 68th Bank Day: On July 1, 2023, the State Bank of India celebrated its 68th Bank Day. On July 1, 1955, an Act of Parliament established the Bank. The day was observed around the country by holding various programmes at various locations. At Chandigarh, the Bank Day ...

Debadatta Chand takes charge as Bank of Baroda MD: Debadatta Chand assumed charge as Managing Director and Chief Executive Officer of the Bank of Baroda. Daily Current Affairs Quiz He has taken over charge from Sanjiv Chadha, whose tenure ended on June 30, 2023. Before this ...

SBI gives ₹22 crore to IIT-Bombay for data analytics, AI capabilities: The State Bank of India (SBI), through its CSR arm SBI Foundation, has pledged a grant of ₹22.5 crore to the Indian Institute of Technology, Bombay (IIT-B). Daily current affairs quiz: July 2023 Reason: To establish ...

HDFC Bank and Housing Development Finance Corporation merger becomes effective from 1 July: HDFC Bank has announced the merger of Housing Development Finance Corporation Ltd. (HDFC) with itself. From July 7, all commercial papers of HDFC Ltd will be transferred in the name of HDFC Bank. Housing ...

World Bank approves $1.5 billion for India’s low-carbon energy sector : World Bank approves $1.5 billion for India’s low-carbon energy sector. The World Bank has approved $1.5 billion in financing to accelerate the development of India’s low-carbon energy sector. Aim: To ...