Project Kirana launched by Mastercard and USAID

On November 19, 2020, Mastercard and United States Agency for International Development launched “Project Kirana”. The programme will enable women entrepreneurs to grow, launch and thrive. What is the plan? Under Project Kirana, a two-year programme is to be rolled out in selected cities such as Kanpur, Lucknow and Varanasi of Uttar Pradesh. The project ..

Month: Current Affairs - November, 2020

Category: Economy & Banking Current Affairs

Topics: Financial inclusion • Gender gap • Mastercard • MSME • Project Kirana • United States Agency for International Development (USAID) Bureau for Europe and Eurasia • USAID • Women Empowerment

Kris Gopalakrishnan appointed the first Chairperson of Reserve Bank Innovation Hub

On November 17, 2020, Kris Gopalakrishnan, the former co-chairman and co-founder of Infosys was appointed as the first Chairperson of Reserve Bank Innovation Hub. He was appointed by the Reserve Bank of India. The Reserve Bank Innovation Hub aims to promote innovation across financial sector. Reserve Bank Innovation Hub The RBI set up the hub ..

Month: Current Affairs - November, 2020

Category: Awards, Persons & Places in News • Economy & Banking Current Affairs • Persons in News Current Affairs

Topics: Financial inclusion • innovation • Kris Gopalakrishnan • Kris Gopalakrishnan Committee • non-personal data • Reserve Bank Innovation Hub • Reserve Bank of India (RBI)

India Post Payment Bank achieves 3.6 crore customers

The India Post Payment Bank, even amid COVID-19 pandemic, has attained 3.6 crores of customers. Till September 15, 2020, the bank had completed 38,500 crores of financial transactions. Highlights In August 2019, it had crossed the milestone of one crore customers. This has been achieved by the bank in just two years of launch. The ..

Month: Current Affairs - October, 2020

Category: Economy & Banking Current Affairs • Government Schemes Current Affairs

Topics: aadhaar card • AEPS • DBT • Doorstep banking • Financial inclusion • India Post Payments Bank • Mobile banking • payment bank • Post Office Ltd

India Post Payment Bank

The India Post Payment Bank has recorded an all-time high of 1,09,000 transactions, worth nearly 23 crore INR in light of the lockdown. About IPPB The India Post Payment Bank is a public sector bank that was founded in 2018. The India Post is the parent organisation of IPPB. It functions under the Union Ministry ..

Topics: Financial inclusion • India Post • India Post Payments Bank

IPPB crosses a milestone of two crore customers

India Post Payments Bank (IPPB) has recently achieved the milestone of two crore customers. IPPB was launched by the Indian Prime Minister on September 1, 2018, with the main objective of financial inclusion. In September 2019, the payments bank launched the Aadhaar-enabled payment system (AePS) services. And then, it has become the single largest platform in the ..

Topics: Aadhaar • Financial inclusion • India Post Payments Bank