“Pradhan Mantri Mudra Yojana (PMMY) Loans Witness 23% Disbursal Increase in Q1 FY24” The Pradhan Mantri Mudra Yojana (PMMY) has been instrumental in providing financial support to aspiring entrepreneurs and small business owners across the country. In a positive development, the PMMY loans have witnessed a remarkable 23% increase in disbursals during the first quarter…
International Day of Family Remittances 2023 The International Day of Family Remittances is observed on June 16th every year to recognize the significant contributions made by migrant workers in supporting their families and communities back home. This day highlights the importance of remittances in improving the lives of millions of people around the world. In…
RBI Expands Presence in North East India with Sub-Office in Kohima, Plans Office in Itanagar RBI Expands Presence in North East India | The Reserve Bank of India (RBI) has taken a significant step towards strengthening its presence in North East India by establishing a sub-office in Kohima, Nagaland. This move comes as part of…
India Tops Digital Payments Rankings Globally, Shows MyGovIndia Data India has achieved a significant milestone in the digital payments sector, as recent data from MyGovIndia reveals that the country has emerged as the global leader in digital payments. This remarkable feat highlights the rapid adoption and success of digital payment platforms in India, revolutionizing the…
RBI’s Annual Report 2022-2023 The Reserve Bank of India (RBI) recently released its Annual Report for the fiscal year 2022-2023. This report provides valuable insights into the state of the Indian economy and the various measures undertaken by the central bank to ensure stability and growth. In this article, we will delve into the key…
Federal Bank Adyar Campaign | Launches ‘I Am Adyar, Adyar Is Me’ Campaign in Chennai Federal Bank Adyar Campaign | The Federal Bank, one of India’s leading private sector banks, has recently launched a unique campaign called ‘I Am Adyar, Adyar Is Me’ in Chennai. This initiative aims to foster a sense of community and…
RBI Governor Launches Financial Inclusion Dashboard “Antardrishti” The Reserve Bank of India (RBI) Governor recently launched a new initiative called the “Antardrishti” Financial Inclusion Dashboard. This dashboard aims to provide comprehensive and real-time data on the progress of financial inclusion in the country. It is an important development in the banking sector and holds significance…
PM SVANidhi Scheme Celebrates Successful Completion of 3 Years The PM SVANidhi Scheme, aimed at providing affordable loans to street vendors, recently completed three successful years since its launch. This flagship scheme, initiated by the Government of India, has played a pivotal role in empowering street vendors and ensuring their financial inclusion. Over the years,…
UPI Transactions Reach Record High of Rs. 14.3 Trillion in May 2023 The world of digital transactions witnessed a remarkable milestone in May 2023 as Unified Payments Interface (UPI) transactions in India soared to an all-time high. According to recent reports, UPI transactions reached an unprecedented record of Rs. 14.3 trillion during this period, showcasing…
Bank of India has announced the appointment of Rajneesh Karnatak as the new Managing Director (MD) and Chairman of the bank. He will be succeeding Atanu Kumar Das, who will be retiring on May 31st, 2023. Karnatak’s appointment is for a period of three years starting from June 1st, 2023. Karnatak was previously serving as…
