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Reserve Bank of India Hackathon : Reserve Bank of India Announces 2nd Global Hackathon – Harbinger 2023 The Reserve Bank of India (RBI) has announced the launch of its 2nd Global Hackathon, ‘Harbinger 2023’, to foster innovation and create solutions to tackle various issues in the banking and financial sector. The hackathon is aimed at…
RBI’s Digital Payments Index Jumps to 377.46 in Sept from 349.30 in March The Reserve Bank of India (RBI) has released its latest data on digital payments in the country, revealing a significant increase in digital payments. According to the RBI’s Digital Payments Index (DPI), the index has increased from 349.30 in March 2021 to…
AU Small Finance Bank Launches Credit Card Offering Platform SwipeUp AU Small Finance Bank has launched its credit card offering platform called SwipeUp. The platform aims to offer customers an easy and hassle-free credit card application process. Customers can choose from four different types of credit cards, which cater to the diverse needs of customers….
RBI approves appointment of Prabdev Singh as India head of JP Morgan Chase The Reserve Bank of India (RBI) has approved the appointment of Prabdev Singh as the new India head of JP Morgan Chase. Singh will replace Kalpana Morparia, who retired in September 2021 after serving as the India head of JP Morgan Chase…
SBI General Insurance to Promote Road Safety as Part of its CSR SBI General Insurance has announced its plans to promote road safety as part of its Corporate Social Responsibility (CSR) program. The company aims to increase awareness about road safety among the public, especially young adults, and to help reduce the number of accidents…
RBI New Rules for ‘Loan Loss Provision’ by Banks The Reserve Bank of India (RBI) has issued new rules for banks’ loan loss provisioning, aimed at aligning them with the expected credit loss (ECL) approach. The new norms will be applicable to all banks, including small finance banks and foreign banks operating in India. The…
Pakistan Economy Challenges | Pakistan is South Asia’s Weakest Economy, World Bank Report According to a recent report published by the World Bank, Pakistan has been declared the weakest economy in South Asia. The report highlighted various challenges that Pakistan’s economy is facing, including high inflation, slow economic growth, and an unstable political situation. The…
Kerala Becomes Country’s First Fully Digital Banking State Kerala has become the first state in India to complete the transition to a fully digital banking system. This accomplishment was achieved through the launch of the e-Vijaya initiative, which aims to provide a range of digital banking services to citizens across the state. With this move,…
SBI Card and Punjab & Sind Bank Launch Co-Branded Credit Cards: Benefits, Historical Context, and Key Takeaways SBI Card, the second-largest credit card issuer in India, has joined hands with Punjab & Sind Bank (PSB) to launch co-branded credit cards. The new credit cards will cater to the needs of PSB’s customers, offering them a…
Celebrating 6 years of BHIM, India’s Indigenous Payment Application Introduction BHIM (Bharat Interface for Money) is a mobile payment application developed by the National Payments Corporation of India (NPCI) in 2016. It was launched by Prime Minister Narendra Modi to promote digital transactions and reduce the country’s dependence on cash. BHIM has been widely accepted…
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