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.
Kotak Mutual Fund Introduces India’s First MSCI India ETF IntroductionKotak Mutual Fund has launched India’s first MSCI India Exchange Traded Fund (ETF), offering investors a new way to invest in Indian equities. This product aims to track the MSCI India Index, which includes a broad selection of large and mid-cap companies, providing a diversified portfolio….
Ujjivan Small Finance Bank Seeks Universal Banking Licence Ujjivan Small Finance Bank has applied to the Reserve Bank of India (RBI) for a Universal Banking Licence, marking a significant step toward expanding its operations. With this transition, the bank aims to offer a wider range of banking services, such as insurance, mutual funds, and investment…
FDI Limit for Insurance Raised from 74% to 100%: A Boost to the Sector Introduction to the Change In a significant move, the Government of India has decided to raise the Foreign Direct Investment (FDI) limit for the insurance sector from 74% to 100%. This decision was announced during the Union Budget 2025-26, and it…
SBI Payments & Pine Labs Strengthen Partnership for Digital Commerce Growth Introduction to the Partnership SBI Payments, a subsidiary of the State Bank of India (SBI), and Pine Labs, a leading Indian merchant commerce platform, have announced a significant collaboration aimed at boosting digital payments and e-commerce growth. This strategic partnership focuses on providing advanced…
Karnataka Banks Triumph at IBA Banking Technology Awards Introduction: Karnataka Banks Shine at IBA Banking Technology AwardsIn a significant achievement, Karnataka’s banks have garnered accolades at the prestigious IBA (Indian Banks’ Association) Banking Technology Awards. This recognition highlights the growing importance of technological innovation within the banking sector, especially in the state of Karnataka. The…
NPCI Implements Stricter UPI Rules from February 1, 2025 The National Payments Corporation of India (NPCI) has announced stricter rules for the Unified Payments Interface (UPI) transactions starting February 1, 2025. These changes are aimed at enhancing security, reducing fraud, and improving the overall UPI ecosystem. The new regulations include limits on the number of…
RBI Sets 6.66% Interest Rate on GOI Floating Rate Bonds 2035 Introduction to the News The Reserve Bank of India (RBI) has announced an interest rate of 6.66% for the Government of India (GOI) Floating Rate Bonds, 2035. These bonds are designed to help the government raise funds from the public, and the interest rate…
Banks Reevaluate Recovery Strategies as IBC Effectiveness Declines Introduction: A Shift in Recovery Strategies In recent times, Indian banks have been facing challenges in recovering stressed loans, particularly as the effectiveness of the Insolvency and Bankruptcy Code (IBC) has shown signs of decline. The IBC was introduced in 2016 to expedite the resolution of stressed…
UPI’s Dominance in India’s Digital Payments Landscape The growth of India’s digital payments ecosystem has been remarkable over the past few years, and one of the key drivers of this revolution is the Unified Payments Interface (UPI). The UPI system, launched in 2016 by the National Payments Corporation of India (NPCI), has significantly transformed the…
IDBI Bank Reappoints Rakesh Sharma as MD & CEO for 3 More Years IDBI Bank’s Leadership Continuity In a significant move, IDBI Bank has reappointed Rakesh Sharma as its Managing Director (MD) and Chief Executive Officer (CEO) for a period of three years, effective from January 19, 2025. This decision was made by the bank’s…
🚀 Exciting News! 📢 Join Our Telegram Channel Now!
Unleash a daily dose of knowledge and stay ahead of the game! 🌐✨ Join our Telegram channel for a thrilling adventure into the world of daily current affairs. 📰🔥 Don’t miss out on the latest updates and insights! Click to join now and be part of the knowledge revolution! 🚀👉
