Topic: 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...
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 –...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...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...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...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...Governors of RBI: Major Events During their Tenure
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...History of Banking in India
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...
Indian Banks to share data to tackle Fraud
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...NEFT to be available 24X7
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...Andhra Bank partners with Floatbot to launch AI chatbot “ABHi”
The Andhra Bank has partnered with Floatbot to offer an Artificial Intelligence-powered virtual assistant for online banking users. The AI chatbot named “ABHi” – made by Floatbot –...
