Retail Banking Current Affairs, GK & News

Retail Banking

April 23, 2011

The main characteristic of retail banking , very much similar to retail trade, is that banks directly execute transactions with consumers rather than other banks or corporations. The retail banking is characterized by multiple products, multiple delivery channels and multiple customer segments. The multiple products may include financial products such as deposits, insurance products (agency) ..

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

November 10, 2020

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 ..

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RBI formulated new regulations framework for Umbrella entity for retail payments

August 19, 2020

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 ..

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Types of Banks

November 27, 2018

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. ..

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Types of Banking

April 12, 2016

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 ..

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Standard Chartered unveils “Breeze Banking in India”

January 9, 2012

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 ..

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