Banking Current Affairs

RBI’s Digital Payments Index Rises in September 2023

Reserve Bank of India’s (RBI) Digital Payments Index, a measure of the extent of digitisation of payments across the country, increased to 418.77 in September 2023 from 395.57...

February 2, 2024 Economy & Banking Current Affairs

RBI Suspends Paytm Payments Bank’s Core Services

Reserve Bank of India (RBI) has barred Paytm Payments Bank from onboarding new customers and offering services like digital wallets and UPI transactions from March 1, 2024. This...

February 2, 2024 Economy & Banking Current Affairs

RBI Proposes Higher 50% Dividend Payout Ratio for Healthy Banks

The Reserve Bank of India has released draft norms allowing banks with strong financial metrics to increase dividend payouts to shareholders up to 50% of profits, from the...

January 3, 2024 Economy & Banking Current Affairs

“Trend and Progress of Banking in India” Report

India’s banking sector demonstrated continued positive momentum in recent quarters, with falling bad loans, profitable growth and adequate capital buffers. Declining Bad Loan Ratio The non-performing asset (NPA)...

December 28, 2023 Economy & Banking Current Affairs

eSvarna: The First Corporate RuPay Credit Card with UPI

IndusInd Bank has launched a pathbreaking new corporate credit card – eSvarna – on the RuPay network. It is India’s first corporate credit card that allows linking with...

December 27, 2023 Economy & Banking Current Affairs

Draft Omnibus Framework for recognising Self-Regulatory Organisations (SROs) for its Regulated Entities (REs)

The Reserve Bank of India (RBI) has released a ‘Draft Omnibus Framework for Recognising Self-Regulatory Organisations (SROs) for its Regulated Entities (REs).’ The draft framework aims to establish...

December 22, 2023 Economy & Banking Current Affairs

RBI Introduces Card-on-File Tokenisation Facility Through Banks

The Reserve Bank of India (RBI) has introduced a Card-on-File (CoF) tokenisation facility through banks, enabling cardholders to conveniently create and link tokens to their existing accounts with...

December 21, 2023 Economy & Banking Current Affairs

World Bank’s Latest International Debt Report

Developing countries faced an unprecedented financial challenge in 2022, as they spent a staggering $443.5 billion to service their external public and publicly guaranteed debt. The World Bank’s...

December 15, 2023 Economy & Banking Current Affairs

Navigating the Currency Demand Paradox: RBI Paper Emphasizes Cybersecurity and Customer Protection

In a recent paper titled ‘Cash versus Digital Payment Transactions in India: Decoding the Currency Demand Paradox,’ the Reserve Bank highlighted the importance of cybersecurity, customer protection, and...

November 29, 2023 Economy & Banking Current Affairs

Reserve Bank of India Launches Surveys for Monetary Policy Insights

On November 1, the Reserve Bank of India (RBI) announced the introduction of two significant surveys, the ‘Inflation Expectations Survey of Households’ and the ‘Consumer Confidence Survey,’ aimed...

November 2, 2023 Economy & Banking Current Affairs

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Topic: Banking Current Affairs