Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
SBI appoints Abhijit Chakravorty as SBI Card’s CEO: Abhijit Chakravorty has been named MD & CEO of SBI Cards & Payment Services (SBI Card), the country’s largest pure-play credit card provider. Chakravorty, who is now a Deputy Managing Director at SBI, will take over his new post on August 12, according to a filing with […]
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NHB operationalises ₹10,000-crore Urban Infrastructure Development Fund: National Housing Bank (NHB) has operationalized the Urban Infrastructure Development Fund (UIDF) with an initial corpus of Rs 10,000 crore. Daily Current Affairs Quiz: July 2023 Finance Minister Nirmala Sitharaman in her 2023-24 Budget speech announced the setting up of the UIDF through the use of priority sector lending shortfall for the
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India, Tanzania begin trade settlements in local currencies: External Affairs Minister S Jaishankar on Saturday said that India and Tanzania have started trade settlements in local currencies and this new initiative will help in promoting commerce between the two countries. Addressing industry leaders at a function, the minister said India-Tanzania bilateral trade has seen very
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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. Daily Current Affairs Quiz: July 2023 In October
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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 2023 With the help of this, customers can explore the bank’s products and services such
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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 for document submission. Daily Current Affairs Quiz: July 2023
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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. Daily Current Affairs Quiz: July 2023 The recommendations by an Inter-Departmental Group (IDG), headed
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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 opening. Accounts under this scheme can be opened until March 31, 2025.
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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 was celebrated by
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 role, Chand was serving as the Executive Director at the bank since March
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