What is National Common Mobility Debit (NCMC) card of Karnataka Bank?

Karnataka Bank Ltd. has launched the National Common Mobility Debit (NCMC) card. It is the first-ever contactless debit-cum-prepaid Rupay Card of the bank and is an inter-operable transport card. This debit card has been launched in-line with the Ministry of Housing and Urban Affairs’ vision. The Rupay-NCMC debit card was launched by the Managing Director ..

Month: Current Affairs - November, 2020

Category: Economy & Banking Current Affairs

Topics: ATM • E-commerce • karnataka bank • Retail Banking • rupay card • Smart city

RBI formulated new regulations framework for Umbrella entity for retail payments

The Reserve Bank of India formulated a new framework for the establishment of a new umbrella entity for retail payments. According to RBI, the entity will be handed over the responsibility of setting up, managing, and operating new payment systems in the retail space following the same way as the National Payments Corporation of India ..

Month: Current Affairs - August, 2020

Category: Economy & Banking Current Affairs

Topics: Monetary policy of India • National Payments Corporation of India • Payments • Reserve Bank of India • Retail Banking

Types of Banks

There are several types of the banks worldwide. Some important types of the Banks world-wide are as follows: Central Banks Central Banks, also known as Reserve Banks or Monetary Authorities are generally the top banking institution of a country with responsibilities such as managing currency, foreign exchange, money supply, interest rates etc. of that country. ..

Topics: International financial institutions • Investment banking • Merchant bank • Public bank • Retail Banking • Universal bank

Types of Banking

Various Types of Banking are as follows: Branch Banking Branch banking involves business of banking via branches. The branches are set up under Section 23 of Banking Regulations Act, 1949. A branch should cater to all banking services and include a specialized branch,  a satellite office, an extension counter, an ATM, administrative office, service branch ..

Topics: Islamic Banking • Mixed Banking • Narrow Banking • Relationship Banking • Retail Banking • Shadow Banking • Social Banking • Unit Banking • Universal Banking • Virtual Banking • Wholesale Banking

Standard Chartered unveils “Breeze Banking in India”

Standard Chartered Bank unveiled Breeze Banking for India, becoming the first international bank to introduce a suite of customisable banking services incorporating internet, smartphone technology and social media. Breeze Banking addresses the financial needs of India s growing segment of tech-savvy, globally-connected urban tribe who value convenience, personalised services and transaction freedom. Breeze Banking enables ..

Month: Current Affairs - January, 2012

Topics: B • Bank • Banking • Credit card • Debit card • E-commerce • Economy • Financial services • Online banking • Payment systems • Retail Banking • Service industries