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 in March 2023. “The RBI-DPI index has increased across all parameters and ..
Month: Current Affairs - February, 2024
Category: 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 effectively cripples most operations of the payments bank. As per the RBI ..
Category: 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 earlier 40% ceiling. Key Highlights Banks must have net non-performing asset ratio ..
Month: Current Affairs - January, 2024
Category: 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) ratio of scheduled commercial banks dropped to a 10-year low of 3.2% ..
Month: Current Affairs - December, 2023
Category: 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 UPI apps for payments. The card offers comprehensive features tailored to frequent ..
Month: Current Affairs - December, 2023
Category: 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 better industry standards for self-regulation and addresses challenges in regulating the rapidly ..
Month: Current Affairs - December, 2023
Category: 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 various e-commerce applications. The move allows CoF tokens to be generated directly ..
Month: Current Affairs - December, 2023
Category: 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 latest International Debt Report reveals that these costs had far-reaching consequences, diverting ..
Month: Current Affairs - December, 2023
Category: Economy & Banking Current Affairs