SBI Launches Digital Enrolment for PMJJBY and PMSBY Schemes: Revolutionizing Financial Inclusion In a significant move towards digital empowerment, the State Bank of India (SBI) has recently introduced a seamless online enrolment process for the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) schemes. This initiative aims to simplify…
MSME Minister Narayan Rane Launches Rs 20 Lakh Scheme under CGTMSE for GST-exempted Micro Units Introduction: The Micro, Small, and Medium Enterprises (MSME) sector plays a pivotal role in India’s economic growth, contributing significantly to employment and GDP. Recently, Union MSME Minister Narayan Rane unveiled a groundbreaking initiative – a Rs 20 lakh scheme under…
RBI and Nepal Rastra Bank Sign Pact for UPI-NPI Linkage In a significant development, the Reserve Bank of India (RBI) and the Nepal Rastra Bank (NRB) have recently inked a crucial pact aimed at establishing a linkage between the Unified Payments Interface (UPI) and Nepal’s National Payments Interface (NPI). This collaboration is poised to have…
RBI Announces Revised Eligibility Norms for Urban Co-operative Banks (UCBs): Inclusion in Second Schedule The Reserve Bank of India (RBI) has recently declared revised eligibility norms for Urban Co-operative Banks (UCBs), paving the way for their inclusion in the Second Schedule. This significant move holds paramount importance for aspirants preparing for government exams, especially those…
RBI Releases Draft Norms for Fintech Self-Regulatory Organisations The Reserve Bank of India (RBI) has taken a significant stride towards fostering a robust fintech ecosystem by releasing draft norms for the establishment of self-regulatory organizations (SROs) in the fintech sector. This move aims to streamline and regulate the burgeoning fintech industry, providing a framework for…
Karnataka Bank and Clix Capital Forge Digital Co-Lending Partnership via Yubi Platform In a strategic move to enhance digital lending capabilities, Karnataka Bank has joined forces with Clix Capital to establish a robust co-lending partnership facilitated through the innovative Yubi platform. This collaboration marks a significant milestone in the banking sector, especially in the context…
RBI Approves ICICI Pru Mutual Funds’ Acquisition of Stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank The Reserve Bank of India (RBI) has recently granted approval to ICICI Prudential Mutual Fund’s proposal for acquiring stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank. This significant move within the banking and…
ARSRLM Signs MoU with SBI for SHG Banking Services The Arunachal State Rural Livelihoods Mission (ARSRLM) recently inked a significant Memorandum of Understanding (MoU) with the State Bank of India (SBI), paving the way for enhancing banking services to Self-Help Groups (SHGs) in the region. This collaboration marks a crucial step towards bolstering financial inclusion…
New Women EPFO Subscribers Surge to 28.69 Lakh in FY23: Parliament Update The Employee Provident Fund Organization (EPFO) witnessed a significant surge in new women subscribers during the Fiscal Year 2023. According to the latest update presented in the Parliament, the count of new women subscribers to EPFO soared to an impressive 28.69 lakh. This…
Bank of India Launches Nari Shakti Savings Account for Women Bank of India, one of the prominent public sector banks in India, recently unveiled an innovative savings account aimed at empowering women, named the “Nari Shakti Savings Account.” This pioneering initiative seeks to cater specifically to the financial needs and aspirations of women across the…
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