Page-8 of Topic: Banking Current Affairs
RBI asks large UCBs to set up Board-approved policy, compliance function
The RBI has directed urban cooperative banks (UCBs) belonging to tier 3 and tier 4 categories to create a Board-approved policy and compliance function. Key facts The central...
Amendment of Foreign Trade Policy of India for Rupee Settlement
The Central Government has made changes to the Foreign Trade Policy of India to activate the RBI’s mechanism facilitating trade in the Indian Rupee. Key facts The recently...
Norway’s central bank digital currency
Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC...
HDFC – first to issue electronic bank guarantee
The HDFC Bank, the largest private sector bank in India, became the first bank in the country to issue an Electronic Bank Guarantee (e-BG). Key facts The HDFC...
Federal Bank: 1st to list Payment Gateway on New tax platform
Federal Bank, based in Kerala, is the first bank to get listed its Payment Gateway platform on “TIN 2.0 platform” of the Income Tax Department. TIN 2.0 platform was started...
RBI: Cardless cash withdrawal facilities at all ATMs
The Reserve Bank of India (RBI) has directed all banks, ATM networks, and White Label ATM Operators (WLAOs) to provide their customers with the option of Interoperable Card-less...
NEFT, RTGS facility for Post Office Savings Account
The Department of Post has recently rolled out the NEFT and RTGS facility for Post Office Savings Bank Account (POSB) holders. The NEFT facility has been made available...
MSME RuPAY Credit Card- Phase 2
Union Minister for Micro, Small, and Medium Enterprises (MSMEs) launched the second phase of the MSME RuPay Credit Card with the National Payments Corporation of India (NPCI) and...
What are new Guidelines issued by RBI on Issuance of Credit and Debit Cards?
On 21st April 2022, the Reserve Bank of India (RBI) issued a fresh set of guidelines for the issuance of debit and credit cards. These newly issued guidelines...
What are New LEI Guidelines by RBI?
The guidelines on Legal Entity Identifier (LEI) for large borrowers of Primary (Urban) Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs) have been extended by the Reserve Bank...
Launch of UPI in UAE
The international arm of the National Payment Corporation of India, NPCI International Payments Ltd (NIPL) has announced that across the UAE, BHIM UPI is live on NEOPAY terminals....
