Page-4 of Topic: Finance
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...Reserve Bank of India (RBI) cuts its key lending rate
As per 4th bi – monthly Monetary Policy Statement for 2019-20, the Reserve Bank of India (RBI) has cut its key lending rate — repo rate – by...BoB signs MoU with Indian Army for customised services
The Bank of Baroda (BoB) has signed a Memorandum of Understanding (MoU) with Indian Army under which the bank would offer customised services along with a host of...
Nirvik: New Export Credit Insurance Scheme
The Ministry of Commerce & Industries through the Export Credit Guarantee Corporation (ECGC) has launched a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability...
RBI proposes setting up of web portal for quick Agri Loans
The report of the RBI Internal Working Group to Review Agricultural Credit has recommended the Indian Banks’ Association to introduce a web portal on the lines of PSB... RBI increases banks’ loan exposure limit to single NBFC
The Reserve Bank of India (RBI) has increased loan exposure limit of banks to a single NBFC. This is expected to help increase credit supply to the crisis-ridden...
PM Modi Launches Pradhan Mantri Kisan Maan Dhan Yojana
Prime Minister Narendra Modi launched the Pradhan Mantri Kisan Maan Dhan Yojana, a pension scheme for farmers in Jharkhand. About the Scheme The scheme is voluntary and contribution-based...
Steering Committee on Fintech-related issues suggests new laws for consumer protection
The Steering Committee on fintech-related issues has recommended a new legal framework for consumer protection and has also suggested new cash flow-based financing options for micro, small and...Government e Marketplace (GeM) signs pact with SIDBI to enable growth of MSMEs, Start-ups and Women Entrepreneurs
The Government e Marketplace (GeM) has signed an MoU with Small Industries Development Bank of India (SIDBI) to benefit MSMEs, women entrepreneurs, Self Help Groups (SHGs), Women Self...RBI Surplus Transfer to Government
The Reserve Bank of India (RBI) has decided to transfer Rs 1.76 lakh crore to the Central government from its own reserves. RBI Reserves The following three funds of...Bimal Jalan Committee Report on Economic Capital Framework
The Reserve Bank of India (RBI) had constituted an Expert Committee to Review the Extant Economic Capital Framework of the Reserve Bank of India. The committee was chaired...
