Current Affairs

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Union cabinet approves merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB)

On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank...

📅 January 3, 2019

Reserve Bank of India (RBI) launches 2018 Financial Literacy Week

On June 4, the Reserve Bank of India (RBI) has launched Financial Literacy Week (FLW-2018) across the country...

📅 June 5, 2018

Payment Banks

Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI) to meet...

📅 May 1, 2018

SBI allows depositors to withdraw cash from its Point of Sale (PoS) devices

In a bid to ease the cash crunch, the State Bank of India (SBI) has decided to allow...

📅 April 20, 2018

RBI tightens reporting norms for LRS

On 13th April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance...

📅 April 13, 2018

Public Asset Reconstruction Agency

The Public Sector Asset Rehabilitation Agency (PARA) colloquially called “Bad Bank” is a proposed agency to assume the...

📅 April 13, 2018

Bail-in clause in FRDI bill

The “bail-in” clause of the Financial Resolution and Deposit Insurance Bill (FRDI) has led to worries about the...

📅 April 13, 2018

ICICI Bank launches instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME)

The ICICI Bank has launched instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME) in a...

📅 March 13, 2018

RBI initiates PCA against Allahabad Bank over its high bad loans

The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank,...

📅 January 5, 2018

IICA signs MoU with India Post Payments Bank to provide training on payment banking

The India Post Payments Bank (IPPB) has signed a Memorandum of Understanding (MoU) with Indian Institute of Corporate...

📅 January 4, 2018

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