Banking Sector
‘100 Days 100 Pays’ Campaign
The Reserve Bank of India (RBI) recently announced the launch of the ‘100 Days 100 Pays’ campaign on June 1. This campaign aims to trace and settle the top 100 unclaimed deposits in every bank across all districts within a ..
Month: Current Affairs - May, 2023
Category: Economy & Banking Current Affairs
Banking on Climate Chaos Report
On April 12, 2023, environmental organizations released the “Banking on Climate Chaos” report, which details the world’s largest banks’ spending on fossil fuel project financing since the Paris Agreement. The report reveals some shocking figures and highlights the urgent need ..
Month: Current Affairs – April, 2023
Category: Environment Current Affairs • Reports & Indexes Current Affairs
Airtel-IPPB WhatsApp Banking Services
India Post Payments Bank (IPPB) and Bharti Airtel have partnered to launch banking services through WhatsApp for their customers in India. This joint statement was released on March 31st, 2023. In this article, we will explore what IPPB is, what ..
Month: Current Affairs – April, 2023
Category: India Nation & States Current Affairs
UBS
UBS, Switzerland’s biggest bank, recently agreed to purchase Credit Suisse in a move that aims to contain the panic that ensued after two American banks collapsed earlier this month. This unique acquisition has sent shockwaves throughout the banking industry and ..
Month: Current Affairs - March, 2023
Category: Economy & Banking Current Affairs
RBI Framework on Indian Banks’ Foreign Businesses
On December 1, the Reserve Bank of India has unveiled a framework allowing overseas subsidiaries and branches of Indian banks and financial institutions to undertake activities that are not specifically permitted in the Indian domestic market. This framework has been ..
Month: Current Affairs - December, 2022
Category: Economy & Banking Current Affairs
2022 Nobel Prize for Economics
This year, the Nobel Prize for Economics was conferred to Ben Bernanke, Douglas Diamond and Philip Dybvig. Key facts The 2022 Nobel Prize for Economics recognized the works that have significantly improved the world’s understanding of the role of banks ..
Month: Current Affairs - October, 2022
Category: Awards, Honours & Persons in News
Government Declares Banking Services as Public Utility Service
The government recently notified that the banking services would be categorised as a public utility service for the next 6 months. About Banking services are to be categorised as public utility services till the 21st of October. The Union Ministry ..
ICICI Bank launches self-service delivery facility
Leading Private lender of India, ICICI Bank recently launched a unique self-service delivery facility called ‘iBox’. Using this facility, the customers of the bank can avail various banking services including- collecting their debit card, credit card, cheque from a nearby ..