Current Affairs

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Page-5 of Financial services

SEFL and Bank of Baroda to co-lend through iQuippo

Bank of Baroda and city-based Srei Equipment Finance Ltd will collaborate to offer joint loans for infrastructure equipment under a new agreement. This collaboration will allow both Srei...

April 19, 2019

RBI launches a 5G Lab for banking and financial sector

The Institute for Development and Research in Banking Technology (IDRBT), an arm of Reserve Bank of India (RBI), has launched a 5G Use Cases Lab for banking and...

April 17, 2019

PayU acquires Wibmo for USD 70 million

PayU, Digital security and payment facilitator has acquired Wibmo, a US-based financial technology for USD 70 million to assist the company scale-up its business. Under the agreement, Wibmo...

April 13, 2019

RBI tweaked LCR norms to boost liquidity

In a bid to further improve the cash position of banks, the Reserve Bank of India (RBI) has recently tweaked Liquidity Coverage Ratio (LCR) norms to provide an...

April 9, 2019

ADB lowers India’s growth by 40 basis points to 7.2% in fiscal year 2019-20

Asian Development Bank (ADB) has recently released its flagship publication Asian Development Outlook 2019. In its report, ADB has lowered India’s growth by 40 basis points to 7.2%...

April 4, 2019

RBI to set up a regulatory sandbox for Fintech startups

To promote innovation in FinTech space, the Reserve Bank of India (RBI) has decided to set up a Regulatory Sandbox for Fintech Startups. The central bank will issue...

March 29, 2019

SBI inked a pact with Bank of China

State Bank of India has inked an agreement with Bank of China to intensify business interactions between both the lenders. Under this pact, both SBI and Bank of...

March 21, 2019

ICICI Lombard and Mobikwik collaborates to provide Insurance cover of Rs 50,000

ICICI Lombard and Mobikwik has announced a partnership to avail cyber-insurance cover of Rs 50,000 crore to defend against online frauds. This partnership aims to provide protection against...

March 19, 2019

SBI, ICICI Bank and HDFC designated as RBI’s list of D-SIBs

The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue...

March 18, 2019

Monster Salary Index Report

The Monster Salary Index report has highlighted the following findings: The gender pay gap is still high in India and women in the country earn 19 per cent less...

March 8, 2019

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