Banking in India
Banking System Liquidity turns to deficit mode
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 has turned into deficit mode of Rs.21,873.4 crore. On the same day ..
Tags: Banking • Banking in India • Banking Issues • Reserve Bank of India • Reserve Bank of India (RBI)
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs - 2022
India- Maldives projects inaugurated
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 – will save 80% of energy. RuPay card facility launched in Maldives. Inauguration ..
Tags: Banking in India • Countries • Finance • Geography • Maldives
Rajnish Kumar appointed as new chairman of Indian Banks’ Association
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 of Punjab National Bank (PNB). The IBA represents banks’ interests with the ..
Tags: Banking in India • CNX Nifty • Economy of India • Financial services • IBA
ICICI Bank launches new fixed deposit scheme ‘FD Health’
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 ICICI Lombard General Insurance Company on opening an FD of Rs 2 ..
Tags: Bank deposits • Banking in India • BSE SENSEX • CNX Nifty • FD
Banking Reforms during Liberalization
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 service-oriented, and expanding the role of private and foreign investment. The basic ..
Tags: Banking in India • Economic liberalisation in India • Economic liberalization • Economy of India • Foreign Exchange Management Act
Axis Bank launchs a short-term online fixed deposit product “Express FD”
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 without opening a savings account with the bank. The new product offers ..
Tags: Bank • Bank deposits • Banking • Banking in India • Deposit account