Banking system liquidity has turned into a deficit mode for the first time since May 2019. Key facts On September 20 this year, the banking system liquidity situation...
In early December, the Prime Minister of India and the President of Maldives jointly inaugurated 4 development projects in the island nation: LED lighting project in Mahe –...
SBI chairman Rajnish Kumar has been appointed as the new chairman of Indian Banks’ Association (IBA) for 2019-20. He succeeded Sunil Mehta, who was the MD & CEO...
The ICICI Bank has launched a new Fixed Deposit (FD) scheme – FD Health that provides the customer a complimentary critical illness cover of Rs 1 lakh from...
The economic liberalization in India refers to the economic liberalization of the country’s economic policies, initiated in 1991 with the goal of making the economy more market-oriented and...
Axis Bank has launched a short-term online fixed deposit product ‘Express FD’ that allows a customer to open a FD account in 3 minutes through the digital mode...
Sir Osborne Smith (1935-1937) Sir Osborne Smith was the first Governor of RBI. He had earlier headed the Imperial Bank of India. Lord Willingdon was India’s Viceroy when...
What are the ancient proofs of presence of banking system? Traces of information regarding existing of banking and financial system are found in India right from Vedic era...
Three Indian Banks- the Bank of India, the Bank of Baroda and the Allahabad Bank- have come together to create a seamless service for the transfer of data...
The Reserve Bank of India has announced that the National Electronic Funds Transfer (NEFT) facility will be available round-the-clock basis from December 2019. At present NEFT payment system...
