Banking in India Current Affairs, GK & News

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 of 3 fish processing plants in Addu Atoll. (Kaamiyaab) Fast Interceptor Craft gifted to Maldives ..

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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 government and regulators.

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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 lakh to Rs 3 lakh for tenure of at least two years. For investors in ..

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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 aim of liberalization was to put an end to those restrictions which became hindrances in ..

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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 a host of features like attractive interest rates, zero issuance fees and no penalty on ..

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