Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.
Zimbabwe to introduce gold-backed digital currency: The Reserve Bank of Zimbabwe (RBZ) has revealed intentions to launch a gold-backed digital currency to combat the decreasing value of the Zimbabwean currency. The digital gold tokens will be a form of electronic money, backed by gold held at the ...
READ MORE +SBI’s fourth startup branch opens in Mumbai BKC: In Mumbai's BKC neighbourhood, SBI built its fourth branch specifically for entrepreneurs. SBI Chairman Dinesh Khara remarked during the launch ceremony that the branch's main goal is to provide full help to startups throughout their journey, from ...
READ MORE +India’s RBI considers softening stance on market infrastructure deal: According to reports, India's central bank is likely to soften its stance on signing a market infrastructure agreement with European authorities if the latter abandon their demand to scrutinise and penalise Indian intermediaries ...
READ MORE +Sekhar Rao appointed as interim MD and CEO of Karnataka Bank: The Reserve Bank of India (RBI) has approved the nomination of Sekhar Rao, the bank's executive director, as interim managing director and chief executive officer, according to Karnataka Bank, a private lender based in Mangaluru. The ...
READ MORE +SBI reintroduces 400 days ‘Amrit Kalash’ retail term deposit scheme: State Bank of India (SBI), India’s largest lender by assets, has announced the re-introduction of its retail term deposit scheme, Amrit Kalash. The scheme offers a special tenor of 400 days and provides an interest rate of 7.6% ...
READ MORE +ICICI Bank introduces EMI facility for UPI payments: The ICICI Bank has introduced an EMI facility for UPI payments made by scanning a QR code.Those customers, who are eligible for the PayLater facility, can avail of the EMI facility using the Bank’s ‘buy now, pay later’ option. April 2023 ...
READ MORE +World Bank chief raises 2023 global growth outlook: World Bank Group President David Malpass has informed that the lender has revised its 2023 global growth outlook slightly upward to 2% from a January 2023 forecast of 1.7%. April 2023 Current Affairs QuizBut the slowdown from stronger 2022 ...
READ MORE +SBI to launch new current accounts and savings accounts in FY24: SBI is planning to launch new variants of the current a/c (with balances of ₹50,000 and ₹50 lakh) and the “Parivar” (family) savings a/c in FY24. Aim: To minimize the gap between deposit growth and credit growth. April 2023 ...
READ MORE +Finance Minister Nirmala Sitharaman to attend the Spring Annual Meetings of IMF- World Bank: Finance Minister Nirmala Sitharaman is on a visit to the USA to attend the Spring Annual Meetings of the International Monetary Fund (IMF) - World Bank. An overview of the news Finance ministers and ...
READ MORE +FY23 bank credit growth highest since FY12, up 15%,: RBI data: According to the Reserve Bank of India (RBI) data, the Bank credit rose by 15% year-on-year (YoY) in 2022-23 (FY23), against 9.6% YoY in 2021-22 (FY22). FY23 credit growth is the highest since 2011-12, when it was 19.3%. Bank deposits ...
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