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.
Rise in Fake Rs 500 Notes Detected in India – RBI Annual Report Reveals In the recently released annual report by the Reserve Bank of India (RBI), a concerning trend has come to light. The report highlights a significant rise in the detection of counterfeit Rs 500 notes circulating in India. This news has caught…
Government Approves Digital Communication Framework between Banks and CEIB In a significant move towards strengthening communication channels between banks and the Central Economic Intelligence Bureau (CEIB), the government has recently approved a digital communication framework. This step aims to enhance information exchange and combat financial fraud effectively. The framework will streamline the process of sharing…
Indian Bank ICCL | Indian Bank Joins ICCL as Clearing and Settlement Bank Indian Bank, one of the leading public sector banks in India, has recently joined the Indian Clearing Corporation Limited (ICCL) as a clearing and settlement bank. This development holds significant importance in the banking sector, especially for students preparing for government exams….
ADB Loan and India Sign $141.12 Million Loan for Industrial Corridor Development in Andhra Pradesh The Asian Development Bank (ADB) and the Government of India have recently signed a loan agreement worth $141.12 million for the development of an industrial corridor in Andhra Pradesh. This strategic partnership aims to boost economic growth, enhance regional connectivity,…
RBI Approves Merger of Maratha Co-op Bank with Cosmos Co-op Bank The Reserve Bank of India (RBI) has recently given its approval for the merger of Maratha Co-operative Bank with Cosmos Co-operative Bank. This decision comes as a significant development in the banking sector, with implications for both the banking industry and aspiring candidates preparing…
RBI Withdrawal ₹2000 Banknotes: RBI Announces Withdrawal of ₹2000 Banknotes from Circulation In a recent development that has caught the attention of government job aspirants, the Reserve Bank of India (RBI) has made a significant announcement regarding the withdrawal of ₹2,000 banknotes from circulation. This decision holds implications for candidates preparing for various competitive exams,…
RBI Collaborates with GFIN to Prevent Greenwashing The Reserve Bank of India (RBI) has joined forces with the Global Financial Innovation Network (GFIN) to combat the growing issue of greenwashing in the financial sector. Greenwashing refers to the practice of presenting misleading information about a product or service’s environmental benefits. The collaboration aims to create…
The Reserve Bank of India’s (RBI) gold reserves have increased by 4.5% to 794.64 tonnes in the financial year 2022-23 As per the latest data released by the central bank, the value of India’s gold reserves rose to $48.5 billion in the week ended April 28, 2023. The RBI’s gold reserves account for 6.3% of…
India has set a target to reduce its carbon footprint by 33-35% by 2030, as part of its commitments under the Paris Climate Agreement. To achieve this target, it has become necessary to make investments in green initiatives and technologies. The Ministry of Environment, Forest and Climate Change, along with the United Nations Development Programme…
NeoBank Jupiter Secures NBFC Licence Neobank Jupiter has received a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). The Mumbai-based company is one of the few Indian fintechs to have acquired an NBFC license. Jupiter was launched in 2019 by Jitendra Gupta, who had previously co-founded Citrus Pay and served as…
