Stay up-to-date on the latest Banking current affairs news and developments with our comprehensive coverage. Our Banking Current Affairs category covers the latest trends, policies, and regulations shaping the banking industry. Stay informed on the latest developments in finance, fintech, and digital banking. Follow our category for daily updates and expert analysis on the issues that matter most to the banking community.
SBI Launches MSME ‘Sahaj’: A 15-Minute Online Loan Solution Streamlined Loan Process for MSMEs The State Bank of India (SBI) has launched an innovative solution called ‘MSME Sahaj’ to streamline the loan application process for Micro, Small, and Medium Enterprises (MSMEs). This new online platform enables MSMEs to apply for loans and receive approvals within…
CS Setty Gets FSIB Approval to Head SBI as Next Chairman CS Setty has received the crucial approval from the Financial Stability and Investment Board (FSIB) to assume the role of Chairman at the State Bank of India (SBI). This decision marks a significant milestone in the banking sector, positioning Setty to lead India’s largest…
RBI Ups Financial Accommodation for States, UTs by 28% to ₹60,118 Crore The Reserve Bank of India (RBI) has announced a significant increase in financial accommodation for states and union territories (UTs), raising the limit by 28% to ₹60,118 crore. This move aims to provide crucial financial support amidst ongoing economic challenges. The enhanced liquidity…
World Bank Approves $1.5 Billion Loan to Support India’s Green Hydrogen Push The World Bank has recently approved a significant financial package amounting to $1.5 billion to bolster India’s ambitious green hydrogen initiative. This landmark decision underscores the global recognition of India’s commitment to sustainable energy solutions and marks a pivotal moment in the country’s…
Union Bank of India Introduces Union Premier Branches for Rural and Semi-Urban Markets Union Bank of India has launched a new initiative aimed at bolstering financial inclusion in rural and semi-urban areas. By introducing ‘Union Premier’ branches, the bank aims to cater specifically to the unique needs of these underserved markets. This move is set…
RBI Announces SAARC Currency Swap Framework for 2024-27 The Reserve Bank of India (RBI) has unveiled a new currency swap framework aimed at bolstering financial stability among South Asian Association for Regional Cooperation (SAARC) nations from 2024 to 2027. This initiative marks a significant step towards enhancing regional economic cooperation and resilience against financial shocks….
SBI Raises ₹10,000 Crore via 15-Year Infrastructure Bonds at 7.36% Coupon State Bank of India (SBI), India’s largest public sector bank, has successfully raised ₹10,000 crore through 15-year infrastructure bonds with a coupon rate of 7.36%. This fundraising initiative aims to bolster the bank’s capital base and support the financing of critical infrastructure projects across…
RBI Projects Further Moderation in Bank NPAs to 2.5% Introduction The Reserve Bank of India (RBI) has projected a further decline in Non-Performing Assets (NPAs) in Indian banks, predicting a moderation to 2.5% by March 2024. This projection highlights a significant improvement in the health of the banking sector, which is crucial for economic stability…
ICICI Bank’s Market Cap Tops $100 Billion, Becomes Only Sixth Indian Company to Hit Milestone ICICI Bank, one of India’s leading private sector banks, has achieved a significant milestone as its market capitalization crossed the $100 billion mark. This achievement makes ICICI Bank only the sixth Indian company to reach this valuation milestone, underscoring its…
Karnataka Vikas Grameena Bank Receives National Award for APY Implementation Introduction: Karnataka Vikas Grameena Bank (KVGB) has been honored with the prestigious National Award for effectively implementing the Atal Pension Yojana (APY). This recognition underscores KVGB’s commitment to financial inclusion and social security in rural Karnataka. Implementation of Atal Pension Yojana: KVGB, a regional rural…
