Indian Bank Association Current Affairs, GK & News

NPCI launches NTS platform for Card Tokenisation

National Payments Corporation of India (NPCI) announced for the launch of NPCI Tokenization system (NTS) on October 20, 2021 in order to provide support to the tokenisation of cards as an alternate for storing card details with merchants. Key Facts The NTS will support the tokenisation of RuPay cards in order to further enhance the ..

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National Asset Reconstruction Company- Key Facts

The National Asset Reconstruction Company (NARC) has finally become a legal entity registered with the Registrar of Companies (RoC) Mumbai. Key Points NARC is also called as bad bank is finally here in India. It is considered as a one-stop solution for banking systems stressed assets menace. Under the first phase, 22 stressed accounts amounting ..

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Public Sector Banks announce new loans

Public sector banks (PSBs) have announced support measures and launch of new loan products to mitigate economic impact of Covid-19 pandemic. What are those announcements? PSBs would provide unsecured loans of up to 5 lakh rupees to individuals. Loan can be utilized to meet their and family members’ treatment cost. Indian Banks Association and State ..

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