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.
Reserve Bank of India (RBI) Approves Merger of Akola Merchant Co-operative Bank with Jalgaon People’s Co-operative Bank The Reserve Bank of India (RBI) has given its nod to the merger of Akola Merchant Co-operative Bank with Jalgaon People’s Co-operative Bank. This significant move is set to impact various government exams, including those for positions such…
RBI Raises Offline Payment Transaction Upper Limit to ₹500 from ₹200 In a significant move aimed at promoting digital transactions and reducing the reliance on cash in India, the Reserve Bank of India (RBI) has recently increased the offline payment transaction upper limit to ₹500 from ₹200. This decision comes as a part of RBI’s…
Microfinance Landscape Shift: Standalone MFIs Take Lead with 40% Microlending Share Microfinance institutions (MFIs) have been a driving force in financial inclusion across India, providing much-needed support to the underserved and marginalized communities. In recent times, the microfinance landscape has witnessed a significant shift, with standalone MFIs emerging as leaders in the sector, now commanding…
HDFC Bank Launches India’s First Co-Branded Hotel Credit Card with Marriott In a significant development in the financial and hospitality sector, HDFC Bank has recently unveiled India’s inaugural co-branded hotel credit card in collaboration with Marriott International. This pioneering initiative is poised to make a substantial impact on the banking and travel industry, offering a…
Yes Bank Launches All-in-One IRIS Mobile App In the ever-evolving landscape of the banking sector, innovation and customer-centric solutions have become paramount. Yes Bank, one of India’s prominent private sector banks, has recently made significant strides in this direction. The bank has introduced its latest offering, the “All-in-One IRIS Mobile App,” aiming to revolutionize the…
Canara Bank Pioneers UPI-Interoperable Digital Rupee Mobile App for CBDC Transactions The Indian banking sector has witnessed a groundbreaking development as Canara Bank takes a bold step towards digital innovation by introducing a UPI-interoperable Digital Rupee mobile app for Central Bank Digital Currency (CBDC) transactions. This initiative is poised to revolutionize digital banking and payments…
RBI’s Revised Guidelines for IDF-NBFCs to Boost Infrastructure Financing The Reserve Bank of India (RBI) has recently introduced revised guidelines aimed at bolstering Infrastructure Debt Funds-Non-Banking Financial Companies (IDF-NBFCs). This move comes as a significant step in India’s quest to accelerate infrastructure development and financing, which is vital for the nation’s growth. In this article,…
PR Seshadri Appointed New MD & CEO of South Indian Bank PR Seshadri has been appointed as the new Managing Director and Chief Executive Officer of South Indian Bank. This appointment marks a significant development in the banking sector, particularly for those aspiring to work in the banking industry or appear for government exams. Why…
Axis Bank Partners with RBI Innovation Hub to Launch Kisan Credit Cards Axis Bank recently announced a groundbreaking partnership with the Reserve Bank of India (RBI) Innovation Hub to introduce Kisan Credit Cards (KCC) for farmers. This initiative is set to bring about a significant transformation in the agricultural credit landscape of the country. Why…
RBI Introduces UDGAM Portal – Your Guide to Reclaiming Unclaimed Deposits In a recent move aimed at empowering account holders and enhancing transparency in the financial sector, the Reserve Bank of India (RBI) has introduced the ‘UDGAM’ portal. This revolutionary initiative is set to transform the way unclaimed deposits are managed and reclaimed. With its…
