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 ..
Topics: Banking in India • Countries • Finance • Geography of Asia • Maldives • RuPay
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.
Topics: Banking in India • CNX Nifty • Economy of India • Financial services • IBA • Indian Banks' Association • Public Sector Banks in India • Punjab National Bank • Rajnish Kumar • State Bank of India • Sunil
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 ..
Category: Government Schemes Current Affairs
Topics: Bank deposits • Banking in India • BSE SENSEX • CNX Nifty • Economy • FD • Finance • Financial markets • Fixed deposit • ICICI Bank • ICICI Lombard
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 ..
Topics: Banking in India • Economic liberalisation in India • Economic liberalization • Economy • Economy of India • Foreign Exchange Management Act • Liberalization • Narasimham Committee on Banking Sector Reforms • Trade policy of South Korea
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 ..
Topics: Bank • Bank deposits • Banking • Banking in India • Deposit account • Economy • FD • Finance • Fixed deposit • Fixed income • Flexi Fixed Deposits • Money
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 RBI started operations and sir Osborne Smith took charge as its governor. Due to his differences with the government over issues such as exchange rates, interest rates ..
Topics: Banking in India • Benegal Rama Rau • C. D. Deshmukh • Economy of India • India • K. G. Ambegaonkar • Knights Bachelor • M. Narasimham • R. N. Malhotra • Raghuram Rajan • Sarukkai Jagannathan • Urjit Patel