Google Pay Flex credit card India launch strengthens digital payments. Fully UPI integrated, RuPay network-based, paperless, rewards & EMI options included. Google Launches Its First-Ever Credit Card in India on RuPay Introduction: A New Milestone in India’s Digital Payments Ecosystem Google has officially launched its first-ever credit card in India, marking a significant step in…
RBI Banking Sector Reforms 2025: Explore the four major reforms, including risk-based deposit insurance, ECL provisioning, Basel III updates, and expanded market lending. Essential for government exam preparation. RBI Unveils Four Major Banking Sector Reforms Introduction to RBI’s Recent Reforms On October 7, 2025, the Reserve Bank of India (RBI) announced four significant reforms aimed…
RBI Allows Small Finance Banks to Offer Credit via UPI Introduction: In a groundbreaking move, the Reserve Bank of India (RBI) has allowed Small Finance Banks (SFBs) to offer credit via the Unified Payments Interface (UPI). This decision aims to bolster financial inclusion and promote seamless credit access across the country. Small Finance Banks, traditionally…
SBI Introduces “Har Ghar Lakhpati” and “SBI Patrons Deposit Schemes” State Bank of India (SBI) Launches Innovative Deposit Schemes State Bank of India (SBI), the country’s largest lender, has recently introduced two new deposit schemes to offer higher returns and benefits to its customers. These schemes are aimed at encouraging saving and wealth creation for…
SBI Raises ₹50,000 Crore via Bonds in FY25 to Strengthen Rural Credit Access State Bank of India (SBI), the country’s largest public sector lender, has successfully raised ₹50,000 crore through bonds during the financial year 2024-25. This monumental move aims to enhance the bank’s ability to support the rural economy, which has been a critical…
IFC Invests $400 Million in Bajaj Finance for Climate and Women Empowerment The International Finance Corporation (IFC), part of the World Bank Group, has committed an investment of $400 million into Bajaj Finance, one of India’s leading non-banking financial companies (NBFCs). This investment aims to bolster Bajaj Finance’s efforts in supporting climate-related projects and promoting…
