Page-8 of Banking in India Current Affairs, GK & News
The Reserve Bank of India (RBI) has recently released its 4th bi-monthly monetary policy statement for the year 2017-18. As per the monetary policy statement, the policy repo rate under the Liquidity Adjustment Facility (LAF) has remain unchanged at 6%. The reverse repo rate, at which RBI borrows from banks will continue to be at ..
Topics: Banking in India • Central bank • Economy • Finance • Finance in India • Interest Rates • Liquidity adjustment facility • Monetary Policy • Money • Official bank rate • Repurchase agreement • Reserve Bank of India
Rajnish Kumar, the Managing Director of SBI, has been appointed as the new chairman of the State Bank of India (SBI) for a period of three years. He will succeed Arundhati Bhattacharya, whose tern is going to end on October 6, 2017.
B Sambamurthy, the former Director and CEO of the Institute for Development and Research in Banking Technology (IDRBT), has been appointed as new interim Chairman of the National Payments Corporation of India (NPCI). He will succeed M Balachandran, who was Non-Executive Chairman of NPCI from September 23, 2013 till September 20, 2017. Prior to the ..
Topics: Banking in India • Finance • Financial services • Institute for Development and Research in Banking Technology • Money • National Financial Switch • National Payments Corporation of India • Payment and settlement systems in India • Payment systems
The Airtel Payments Bank (APB) has become the India’s first payments bank to integrate the UPI on its digital platform. This will add to customer choice and convenience for making secure digital payments to online/offline merchants and making instant money transfers to any bank account in India.
Topics: Airtel Payments Bank • Banking in India • Bharti Airtel • Economy of India • Finance • Mobile payments • Mobile payments in India • Money • Online payments • Payment and settlement systems in India • Payments bank • RuPay
The Spice Digital Limited (SDL) has received the final licence from the Reserve Bank of India (RBI), to process bill payments as a Bharat Bill Payment Operating Unit (BBPOU) in the Bharat Bill Payment System (BBPS). The BBPS is a RBI conceptualised system driven by National Payments Corporation of India (NPCI). It is a one-stop ..
Topics: Banking in India • Bharat Bill Payment System • Economy of India • Financial services • Mobile payments in India • Money • National Payments Corporation of India • Payment systems • Spice Digital