Payments banks are a new model of banks conceptualised by the Reserve Bank of India (RBI) to meet government’s financial inclusion target. It will be set up as...
On 13th April 2018, the Reserve Bank of India (RBI) has tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can transfer upto $...
The “bail-in” clause of the Financial Resolution and Deposit Insurance Bill (FRDI) has led to worries about the safety of bank deposits. It is different from a traditional...
In its latest Asian Development Outlook (ADO) 2018, the Manila-based Asian Development Bank (ADB) has stated that India’s economic growth is set to rise to 7.3% in 2018-19...
The ICICI Bank has launched instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME) in a completely online and paperless manner. Customers can get overdraft facility...
India and France will co-host will co-host the first International Solar Alliance (ISA) summit at Rashtrapati Bhavan in New Delhi on 11th March 2018, where at least 10...
PhonePe, the online payment service provider, has partnered with Indian Oil Corporation Limited (IOCL) to deploy its own Point of Sale (POS) payment terminals across all IOCL retail...
Haruhiko Kuroda has been reappointed as the governor of Bank of Japan (BOJ) for second five-year term by the Government of Japan. His second term will come into...
India has signed the second loan agreement of $100 million with New Development Bank (NDB) for Rajasthan Water Sector Restructuring Project for Desert Areas on 13th February 2018...
