Topic: Financial services

State Bank of India is seeking a $1.25 Billion Loan: India’s Largest Bank Loan of 2024

State Bank of India (SBI) plans to borrow up to $1.25 billion, making it the biggest dollar loan from India’s financial sector in 2024. The loan is being...

November 18, 2024    Economy & Banking Current Affairs

Second Round of Quarterly Employment Survey

The Union Ministry of Labour and Employment recently released the second round of Quarterly Employment Survey. According to the survey, nine sectors hired two lakh people. This accounted...

January 13, 2022    Reports & Indexes Current Affairs

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...

March 3, 2020

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...

December 13, 2019

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...

December 9, 2019

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)....

November 15, 2019

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...

November 14, 2019

Rajnish Kumar appointed as new chairman of Indian Banks’ Association

SBI chairman Rajnish Kumar has been appointed as the new chairman of Indian Banks’ Association (IBA) for 2019-20. He succeeded Sunil Mehta, who was the MD & CEO...

October 21, 2019

Reliance renamed as Nippon India Mutual Fund (NIMF)

The Reliance Mutual Fund has been renamed as Nippon India Mutual Fund (NIMF). The name change came after Nippon Life Insurance of Japan completed the acquisition of 75%...

October 10, 2019

History of Banking in India

What are the ancient proofs of presence of banking system? Traces of information regarding existing of banking and financial system are found in India right from Vedic era...

September 28, 2019

Google joins hands with Union Government for ‘Digital Payment Abhiyan’

Nasscom’s Data Security Council of India (DSCI) has recently collaborated with the Ministry of Electronics and Information Technology (MeitY) and Google India to launch a nationwide awareness campaign...

September 20, 2019

Airtel Payments Bank launches ‘Bharosa savings account’

The Airtel Payments Bank has launched the Bharosa Savings Account to deepen the financial inclusion in the country. It has been designed to serve the unique needs of...

September 18, 2019