Current Affairs

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Page-28 of Economy & Banking Current Affairs

Sebi Wins ‘Best Business Regulator’ Award in Asia Pacific

According to The Asian Banker, the Securities and Exchange Board of India (SEBI) was recently given the “Best Conduct of Business Regulator” award for the Asia-Pacific area. This...

June 8, 2024

India’s Foreign Exchange Reserves Hit Record $651.5 Billion

With $651.5 billion in foreign exchange reserves by May 31, 2024, India had the highest amount of foreign exchange reserves ever. Positive changes in trade, remittances, and foreign investments...

June 8, 2024

Nvidia Surpasses Apple With $3 Trillion Market Cap

Nvidia, a major chipmaker for artificial intelligence based in Santa Clara, recently reached a major milestone by raising its market value to $3.019 trillion, which is higher than...

June 8, 2024

Peru Adopts India’s UPI System for Instant Digital Payments

The latest deal between NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) is a big step forward for digital payment systems around the...

June 6, 2024

Nvidia Stock Hits Record High, Approaches Apple’s Value

New Rise in the Price of Nvidia’s Stock market value rose sharply on May 28, when its stocks hit a new high. They are now worth almost as...

May 31, 2024

RBI Releases Final Guidelines for Fintech SRO

The Reserve Bank of India (RBI) finished the rules for setting up a self-regulatory organization (SRO) for the growing fintech industry in 2023. This is better than the...

May 31, 2024

ADB Commits $2.6 Billion to India for Various Projects

ADB, the Asian Development Bank, promised to give a large amount of money (2.6 billion USD) to India in 2023 for several development projects. As part of this...

May 30, 2024

RBI Governor Unveils Key Financial Initiatives for 2023

To make financial services easier to get to and better at what they do, RBI Governor Shaktikanta Das recently launched three big projects: the Pravaah site, the Retail...

May 29, 2024

Four European Union Banks Seek RBI Nod for Clearing Model

Four big European banks—Credit Agricole, Societe Generale, Deutsche Bank, and BNP Paribas—are asking the Reserve Bank of India (RBI) to let them use a third-party clearing model to...

May 28, 2024

Adani Ports Becomes First Adani Group Company to Join Sensex

The Adani Group’s Adani Ports and Special Economic Zone Ltd (APSEZ) will be added to the Sensex on the Bombay Stock Exchange (BSE) on June 24. With this...

May 28, 2024

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