Online banking: GK, Current Affairs, Questions, Trivia and News

Finance Minister launches eBkray; an e-auction platform

On December 29, 2019, Finance Minister Nirmala Sitaraman launched “eBkray” to enable online auction of assets owned by banks. eBkray is an online portal that will act as a common platform to buy and sell assets through auction. Highlights The platform has property search features. It also has navigational links to the auction sites that ..

India Post Payments Bank to be converted into Small Finance Bank

Indian Posts has made a decision to convert India Post Payments Bank into Small Finance Bank. This will enable the Bank to offer small loans to customers. Payment Banks Payments banks were introduced by the Reserve Bank of India (RBI) to meet the government’s financial inclusion target. A payment Bank will be set up as ..

Andhra Bank partners with Floatbot to launch AI chatbot “ABHi”

The Andhra Bank has partnered with Floatbot to offer an Artificial Intelligence-powered virtual assistant for online banking users. The AI chatbot named “ABHi” – made by Floatbot – is integrated with Core Banking Servers (CBS) of Andhra Bank and will automate customer support for 5 crore Andhra Bank account holders. This AI chatbot solution can ..

Reserve Bank of India (RBI) launches 2018 Financial Literacy Week

On June 4, the Reserve Bank of India (RBI) has launched Financial Literacy Week (FLW-2018) across the country with Customer Protection as its main theme. The event will focus on creating awareness among customers of banks about financial products and services, good financial practices and going digital. It will give out four consumer protection messages ..

Canara bank launched two digital products: Bharat QR and Bharat Bill Payment System (BBPS) for online payments

The Canara Bank has recently launched two digital products: ‘Bharat QR’, a platform for payment settlement at merchant locations, and Bharat Bill Payment System (BBPS) is an integrated bill payment system for Net banking customers. The first service is a mobile application, which enables a merchant to accept payments as settlement for sale of goods ..

ICICI Bank to launch net banking services via ‘Facebook’

ICICI Bank will launch its services through social website ‘Facebook’ in order to expand its internet banking services. ICICI is among the first banks to start its online presence and facilitate non-cash transactions i.e. requests for cheque books, account statement enquiry etc. The bank also plans to allow debit and credit transactions. The bank unveiled ..

Government integrates LLP with MCA

The government merged e-Governance project for Limited Liability Partnership (LLP) under the portal of Ministry of Corporate Affairs (MCA) The merger will provide for all state of the art services like credit card payment, online banking from six banks, payment though NEFT from any bank and host of other services. Any user willing to avail ..

“MCA21 e-Gov plan”- Govt planning an overhaul

Indian Govt is contriving to overhaul its “e-Governance program MCA21” Objective of Overhauling of MCA21: To check corporate frauds. Work has been started by the MCA on the fresh version of the program. Key IT companies such as Infosys, TCS and Wipro are anticipated to contend for the mega project. The push is on revamping ..