Financial services Current Affairs, GK & News
OPPO launches mutual fund platform ‘KASH’
China-based consumer electronics firm and smartphone manufacturer OPPO recently announced its mutual fund platform named ‘KASH’. The ‘OPPO Kash’ service, which will be pre-installed in all OPPO smartphones, will offer users to invest in mutual funds. The platform will also provide free credit reports, personal loans up to two lakh, business loans up to ₹2 crore and ..
Topics: Financial services • Mutual Fund • Oppo
Parliament passes International Financial Services Centre Authority bill, 2019
On December 13. 2019, the International Financial Services Centre Authority bill was passed by Rajya Sabha. It proposes to set up an authority to regulate financial services in the International Financial Services Centres in India. Composition of the authority According to the bill, the authority will comprise of nine members along with the chairperson. Among ..
Month: Current Affairs - December, 2019
Category: Legal & Constitution Current Affairs
Topics: Bills and Acts • CLAT • Financial services • IFSC • International Financing • Parliament • RBI • SEBI
Restructuring and loan drive for MSMEs
The state owned public sector banks are to hold a month long drive to provide relief to the small businesses (MSMEs) through loans and restructuring options. The outreach program was launched by the central government in December and is to last till January 6, 2020. The banks are provide working capital for these MSMEs and ..
Topics: Bank • Banking • Economic history of Italy • Economy • Financial services • Loans • Money • Small and medium-sized enterprises
RBI calls for fresh applicants to grant depositor awareness funds
The Reserve Bank of India (RBI) has decided to call for fresh applications ‘on tap’ for grant of financial assistance from the Depositor Education and Awareness Fund (DEAF). The RBI has unveiled guidelines on the criteria for registering institutions, organisations and associations in this regard. Registered entities may apply for financial assistance from the Depositor ..
Topics: Financial services • Reserve Bank of India
Migrants can change address by giving self-declaration
The government has allowed migrants to change address on Aadhaar by giving self declaration. It will help them open bank account and promote financial inclusion. The changes were made by amending the Prevention of Money-laundering (Maintenance of Records) Rules as per the gazette notification issued on 13 Nov. This move will allow an individual to ..
Topics: Aadhaar • Biometrics • Economy • Financial inclusion • Financial services • Government of India • Identification • Identity documents of India • India • Know Your Customer • Money Laundering • National identification numbers