Page-3 of Banking Current Affairs – Page 3

UPI QR Code-Central Bank Digital Currency interoperability

The Reserve Bank of India (RBI) is spearheading an innovative move towards interoperability between Unified Payments Interface (UPI) Quick Response (QR) codes and Central Bank Digital Currency (CBDC)....

September 6, 2023 Economy & Banking Current Affairs

One-Hour Trade Settlement

The Securities and Exchange Board of India (SEBI) has announced plans to introduce one-hour trade settlement by March 2024, a significant development in the country’s financial market infrastructure....

September 6, 2023 Economy & Banking Current Affairs

Committee of Experts to ‘Onshoring the Indian Innovation to GIFT IFSC

The International Financial Services Centres Authority (IFSCA) received a report from the “Committee of Experts to Onshoring the Indian Innovation to GIFT IFSC.” The committee, chaired by Shri...

August 26, 2023 Economy & Banking Current Affairs

‘Mera Bill Mera Adhikaar’ Initiative

The government has announced the launch of the ‘Mera Bill Mera Adhikaar’ initiative, aimed at fostering a culture of customers requesting invoices for all purchases. Starting on a...

August 25, 2023 Economy & Banking Current Affairs

RBI Sets Guidelines for Penal Charges on Loan Defaults

The Reserve Bank of India (RBI) has issued guidelines to lenders, directing them to categorize penalties for borrower defaults as ‘penal charges’ rather than ‘penal interest.’ The RBI’s...

August 19, 2023 Economy & Banking Current Affairs

RBI Mandates Flexible Options for Personal Loan Borrowers

The Reserve Bank of India (RBI) has directed regulated entities, including banks and NBFCs, to provide personal loan borrowers the flexibility to switch from floating to fixed rate...

August 19, 2023 Economy & Banking Current Affairs

Credit Suisse and UBS Global Wealth Report

For the first time since the 2008 financial crisis, global household wealth has experienced a decline due to rising interest rates and persistent inflation. However, amidst the challenges,...

August 18, 2023 Economy & Banking Current Affairs

UDGAM (Unclaimed Deposits – Gateway to Access inforMation)

The Reserve Bank of India (RBI) has introduced a Centralised Web Portal named UDGAM (Unclaimed Deposits – Gateway to Access inforMation). This portal, developed by the RBI, enables...

August 18, 2023 Economy & Banking Current Affairs

SEBI Cuts IPO Listing Time to Three Days

In a landmark decision aimed at streamlining the capital market operations, the Securities and Exchange Board of India (SEBI) has ushered in a new era for public issues....

August 10, 2023 Economy & Banking Current Affairs

SEBI’s New Online Dispute Resolution (ODR) System

The Securities and Exchange Board of India (Sebi) has been making remarkable strides in safeguarding the interests of investors. To enhance the grievance redressal process, Sebi has announced...

August 7, 2023 Economy & Banking Current Affairs

“Still Unprepared” Report

In 2022, India experienced extreme weather events impacting the nation on a staggering 314 out of 365 days. As climate change accelerates, the urgency to address climate risks...

August 7, 2023 Economy & Banking Current Affairs

“Depositor Education and Awareness” (DEA) Fund

Unclaimed deposits in the banking sector have been a persistent concern, prompting regulatory bodies to take proactive steps to protect consumer interests. The Reserve Bank of India (RBI)...

July 25, 2023 Economy & Banking Current Affairs

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Page-3 of Topic: Banking Current Affairs