Current Affairs

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RBI gives nod to Bharti Airtel's payments Bank Unit

The Reserve Bank of India (RBI) has given its in-principle approval to Bharti Airtel’s payments bank venture — Airtel M Commerce Services Ltd (AMCS). With this AMCS has...

April 12, 2016

DCB Bank launches India’s first Aadhaar-based ATM

DCB Bank has launched an India’s first of its kind Aadhaar-based Automatic Teller Machine (ATM) usage facility. Currently, this ATM has been placed in pilot site at DCB...

April 5, 2016

RBI cuts repo rate by 25 basis points to 6.5%

The Reserve Bank of India (RBI) has cut down repo rate by 25 basis points to 6.5 per cent from 6.75 per cent, with immediate effect. It was...

April 5, 2016

Indian-American appointed as President, CEO of Bank of the West

Indian-American Nandita Bakshi (57) has been appointed the President and Chief Executive Officer (CEO) of Bank of the West, a subsidiary unit of French banking giant BNP Paribas....

March 28, 2016

ICICI Bank launches NFC-based contactless mobile payment solution Touch & Pay

India’s largest private sector lender ICICI Bank has launched new contactless mobile payment solution Touch & Pay based on Near Field Communication (NFC) technology. The payment solution will...

March 16, 2016

RBI inks information exchange MoU with Bank of Israel

The Reserve Bank of India (RBI) has signed a Memorandum of Understanding (MoU) with Bank of Israel (BOI) for exchange of information pertaining to banking supervision. It was...

March 10, 2016

ICICI Bank rolls out iWork@home for women employees

India’s largest private sector lender ICICI Bank has rolled out iWork@Home programme for its women employees for up to a year. It was launched by Chanda Kochhar, Managing...

March 9, 2016

Capital Area Bank first to get small finance bank licence from RBI

Jalandhar based Capital Local Area Bank (CLAB) Limited became the first financial entity in India to get Small Financial Bank Licence by the Reserve Bank of India (RBI). CLAB...

March 7, 2016

SBI granted operating licence by Myanmar

India’s largest lender State Bank of India (SBI) has been granted preliminary approval to operate Myanmar. SBI was granted operating licence by Myanmar Government along with three other...

March 7, 2016

Vinod Rai appointed as first Chairman of Banks Board Bureau

Former Comptroller and Auditor General (CAG) Vinod Rai has been appointed as the first Chairman of Banks Board Bureau (BBB). His appointment comes after Prime Minister has approved...

February 28, 2016

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