Bank Current Affairs

Here we provide Current Affairs articles on Bank & Indian Banking system. We collect and compose latest articles related to bank and finance system.

SBI gives ₹22 crore to IIT-Bombay for data analytics, AI capabilities

SBI gives ₹22 crore to IIT-Bombay for data analytics, AI capabilities

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 a Banking Data and Analytics Hub at IIT-B. The focus of the […]

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HDFC Bank and Housing Development Finance Corporation merger becomes effective from 1 July

HDFC Bank and Housing Development Finance Corporation merger becomes effective from 1 July

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 Development Finance Corporation shareholders will get 42 new HDFC

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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

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 help India promote low-carbon energy by scaling up renewable energy, developing green hydrogen, and stimulating climate finance for

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After Merger, HDFC to vault into ranks of world's most valuable banks

After Merger, HDFC to vault into ranks of world’s most valuable banks

After Merger, HDFC to vault into ranks of world’s most valuable banks: According to Bloomberg, after the tie-up of HDFC Bank Ltd and Housing Development Finance Corp, the lender would rank fourth in equity market capitalization. It’s valued at about $172 billion. With the merger likely effective July 1, the new HDFC Bank entity will have around 120 million

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ITC Overtakes Infosys to become India’s Sixth Most Valuable Company

ITC Overtakes Infosys to become India’s Sixth Most Valuable Company

ITC’s market capitalization surges, outpacing Infosys and HDFC Ltd: ITC, one of India’s largest FMCG conglomerates, has surpassed Infosys to become the country’s sixth most valued stock exchange business. ITC surpassed Infosys on Monday, with a market capitalisation of Rs 5.11 lakh crore, after passing HDFC Ltd on Friday. This achievement comes after ITC’s share

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