Page-3 of Topic: Banking Current Affairs
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)....
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....
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...
‘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...
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...
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...
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,... 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...
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....
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...
“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... 