RBI Grants Authorization to Bandhan Bank for Pension Disbursement to Retired Railway Employees The Reserve Bank of India (RBI) has recently granted Bandhan Bank the authorization to facilitate pension disbursement to retired railway employees. This development marks a significant milestone for Bandhan Bank as it expands its services to support retired individuals associated with the…
SBI’s Acquisition of 20% Stake in SBI Pension Fund State Bank of India (SBI), one of the leading public sector banks in India, has recently made headlines with its decision to acquire a significant 20% stake in the SBI Pension Fund Pvt Ltd. This move comes as part of SBI’s strategic expansion and diversification efforts…
IndusInd Bank Launches IndusInd Bank Platinum RuPay Credit Card on UPI IndusInd Bank recently introduced its latest offering, the IndusInd Bank Platinum RuPay Credit Card on the Unified Payments Interface (UPI) platform. This initiative aims to revolutionize digital payments by leveraging the convenience of UPI along with the benefits of a credit card. This innovative…
Centre Extends SBI Chairman Dinesh Khara’s Tenure Until August 2024 In recent news, the Central Government has announced the extension of State Bank of India (SBI) Chairman Dinesh Khara’s tenure until August 2024. This decision holds significant implications for the banking sector and is especially crucial for aspirants preparing for various government exams, including those…
RBI Forms External Working Group on Expected Credit Loss Framework The Reserve Bank of India (RBI) recently established an External Working Group to deliberate upon the Expected Credit Loss (ECL) framework. This move by the central bank holds significant importance for aspirants preparing for various government exams, including positions in banking, as it reflects the…
RBI Revealed Its Fourth Bi-Monthly Monetary Policy The Reserve Bank of India (RBI) recently announced its Fourth Bi-Monthly Monetary Policy, which holds significant importance for various government exams, including those for positions in the banking sector, civil services like IAS, and more. In this article, we will delve into the key highlights of this policy…
Afghan Currency Emerged as the Best Performing Currency in This Quarter The world of finance and currency markets is ever-evolving, and staying updated on the latest trends and developments is crucial for aspirants preparing for government exams, including those for positions like teachers, police officers, banking professionals, railways personnel, and even defense and civil service…
Indian Banks Attracting Increasing Global Investment: S&P Global Report Indian banks have been steadily gaining global attention and attracting increased investment, as highlighted in a recent report by S&P Global. This development holds significant implications for aspirants preparing for various government exams, including those seeking positions in teaching, law enforcement, banking, railways, defense, and civil…
RBI Issues Guidelines for Responsible Lending The Reserve Bank of India (RBI) has recently issued comprehensive guidelines aimed at promoting responsible lending practices in the Indian financial sector. These guidelines come at a crucial juncture when the banking and financial industry is undergoing significant transformations. In this article, we will delve into the importance of…
Record Bank Credit Outstanding to Real Estate Reaches Rs 28 Trillion in July: RBI The real estate sector in India has witnessed a significant boost as the Reserve Bank of India (RBI) reported a record-breaking bank credit outstanding to the real estate industry, reaching a whopping Rs 28 trillion in July. This development holds immense…
