Page-5 of Banking Current Affairs

India: 5th largest Forex reserve holder in the world

As of 25th June, 2021, India has surpassed Japan, China, Russia and Switzerland to become the world’s fifth-largest foreign exchange reserve holder with $608.99 billion. This was mentioned in the Lok Sabha on 20th July, 2021 by Pankaj Choudhary, MoS Finance.   Key Points The Reserve Bank of India and the Government of India are ..

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Govt asks NPCI to start Electronic Vaccine Vouchers

Government has asked National Payments Corporation of India (NPCI) to launch platform for electronic vaccine vouchers. What are Electronic Vaccine Vouchers? These vouchers are like electronic prepaid instruments which can be used only for vaccination. Employers can purchase these vouchers in bulk. Vouchers will be sent to smartphone or feature phone of employee. Employee will ..

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NITI Aayog submits names of PSU banks to be privatised

NITI Aayog has submitted names of Public Sector Undertaking (PSU) that will be privatised to Core Group of Secretaries on Disinvestment. Highlights All these PSBs will be privatised by Financial Year 2022. Privatisation is being done as part of government’s disinvestment process to raising funds. Background Centre’s aim of privatising two public sector banks and ..

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RBI to conduct first SLTRO for small finance banks

The Reserve Bank of India recently announced that it is to conduct the first Special Long Term Repo Operation (SLTRO) of Rs 10,000 crores for Small Finance Banks. What is the plan? The RBI will conduct the SLTRO for each month starting from May 2021. This is to continue till October 2021. The SLTRO will be ..

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