Banking in India

Banking System Liquidity turns to deficit mode

Created: September 25, 2022

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:  • • • •

Month: 

Category: 

India- Maldives projects inaugurated

Created: December 5, 2019

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:  • • • •

Rajnish Kumar appointed as new chairman of Indian Banks’ Association

Created: October 21, 2019

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:  • • • •

ICICI Bank launches new fixed deposit scheme ‘FD Health’

Created: October 16, 2019

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:  • • • •

Banking Reforms during Liberalization

Created: October 11, 2019

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:  • • • •

Axis Bank launchs a short-term online fixed deposit product “Express FD”

Created: October 4, 2019

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:  • • • •