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Banking and Finance

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RBI Announces Special Open Market Operations

RBI conducted OMO of purchase and sale of G-secs for Rs 10,000 cr each; Borrowing facility to banks extended till Sept 30, 2020

AC Team - July 3, 2020

RBI permits UPI transactions for recurring payments & releases framework for imposing penalties on payment system operators

Federal Bank launches pilot for instant Kisan Credit Card lending in Tamil Nadu

Federal Bank & Union Bank launches pilot for Digitalization of KCC lending in TN & MP respectively

Sebi enhances inveforeignstment cap of MFs

SEBI Enhances Foreign Investment Cap limit of Mutual Funds from $300 million to $600 million

Digital payments rising

Digital payments rising sharply but cash remains the king;CIC increased 10.2% over the past 5 years despite growing digitization: RBI Report

rbi-grants-payments-banks-licence-to-11-applicants

RBI Names 10 Companies to Set Up Microfinance Banks

SenDhil - September 18, 2015 3
HDFC Bank’s nano second disburse loan scheme

HDFC Bank’s nano second disburse loan scheme

Puneet Kaur - September 23, 2015 13
RBI issues draft directions to implement Basel III framework

RBI Issued Draft Directions to Implement Basel III framework for AIFIs

AC Team - October 23, 2021 0
Bandhan Bank initiated Visa Debit Card & NRI Services

Bandhan Bank initiated Visa Debit Card & NRI Services

Puneet Kaur - February 9, 2016 0
BSE StAR MF signs MoU with GUMCCSL to deepen rural engagement

BSE StAR MF Signed MoU with GUMCCSL to Deepen its Network

AC Team - June 7, 2021 0

RBI gets award for innovation in XBRL reporting

Sheerin - February 6, 2016 1
Nilekani committee

Nilekani-led committee recommended 24×7 RTGS & NEFT, elimination of all charges

AC Team 2 - June 4, 2019 0
ADB-approves-USD-132

ADB Approves USD 132.8 Million Loan to Modernize Power Distribution Network...

AC Team - November 4, 2020 0
LIC 3rd largest globally, but offers highest RoE of 82%

LIC 3rd strongest & 10th Most Valuable Globally, Offers Highest RoE...

AC Team - February 8, 2022 0
IDBI Intech implements its innovative Anti Money Laundering solution at LIC

IDBI Intech Implements Innovative Anti Money Laundering Solution at LIC 

AC Team - August 31, 2021 0
RBI supersedes Board of two Srei group companies

RBI Superseded Boards of Srei Firms to Start Bankruptcy Proceedings

AC Team - October 5, 2021 0
YES Bank launches remote payment service for merchants

YES Bank in Partnership with Worldline Launches SMS Pay Functionality on...

AC Team - November 27, 2020 0
Magicbricks ties up with Razorpay and HDFC Bank

Magicbricks Partnered with Razorpay & HDFC Bank for Property Service “Pay...

Ashwin AC - March 10, 2021 0
Canara-HSBC-Oriental-Bank-of-Commerce-Life-Insurance-&-Andhra-Pragathi-Grameena-Bank-tie-up-to-offer-Life-Insurance

Canara HSBC OBC Life Insurance & Andhra Pragathi Grameena Bank Entered...

AC Team - August 29, 2020 0
Social Alpha, SIDBI join hands to launch fund for startups

Social Alpha and SIDBI Partnered to Set up 1st of its...

Ashwin AC - February 25, 2021 0
RBI updates guidance note for banks, NBFCs

RBI Updated Guidance Note on Operational Risk Management to Extend it to...

AC Team - May 2, 2024 0
Infibeam Avenues becomes first payments platform to process retail CBDC transactions

Infibeam Avenues Brand CCAvenue Becomes India’s First Payment Gateway Player to...

AC Team - January 31, 2023 0
KVGB loan scheme Vikas Abhaya

‘Vikas Abhaya’ loan scheme launched: KVGB

AC Team - April 30, 2020 0
Edelweiss General Insurance partners with InterMiles to introduce free cancellation travel Insurance

Edelweiss General Insurance Partnered with InterMiles to introduce ‘Free Cancellation Travel...

AC Team - March 12, 2021 0
Govt Notifies Constitution Of Monetary Policy Committee

RBI announces 4th Bi-Monthly Monetary Policy

AC Team 1 - October 4, 2017 0
RBI forms new committee for bank license, chaired by former DG Jain

RBI Sets Up MK Jain-Led Committee to Evaluate UB and SFB...

Ashwin AC - January 22, 2025 0

SWIFT Launched ‘SWIFT Go’ Service for Low-value Cross-border Payments

AC Team - July 28, 2021 0

RBI Launched Global Hackathon ‘HaRBInger 2025’ to Boost Secure, Inclusive Banking...

Ashwin AC - October 25, 2025 0
RBI Introduces Strict KYC Norms to Keep E-Wallets Safe

RBI Introduces Strict KYC Norms to Keep E-Wallets Safe

AC Team 1 - October 13, 2017 0
Ewire Softtech ties up with YES Bank for prepaid card new

Ewire Softtech in Partnership with YES Bank Launched ‘EWIRE – YES...

Ashwin AC - December 15, 2020 0
HDFC Bank overtakes SBI in CRISIL's corporate banking ranking for 2023

CRISIL’s 2023 Greenwich Share and Quality Leaders: HDFC Bank Tops in...

AC Team - July 27, 2023 0
PNB in alliance with IIT-Kanpur

PNB Collaborates with IIT Kanpur & FIRST to Set up Fintech...

AC Team - January 8, 2021 0
RBI revises norms for urban co-op bks’ inclusion in second schedule

RBI revises norms for UCBs inclusion in second schedule, RBI Act,...

AC Team - February 1, 2024 0
Justice Alok Aradhe takes oath as Chief Justice of Telangana High Court and 3 other high courts get new chief justices

GoI appointed New Chief Justices to High Courts of Gujarat, Kerala,...

AC Team - July 24, 2023 0
IMF allocates

IMF Allocated USD 17.86 billion to India under SDRs

AC Team - September 2, 2021 0

RBI: IDFC can exit as promoter of IDFC First Bank; Imposed...

AC Team - July 23, 2021 0
Indian Bank rolls out 5 special emergency loans

Indian Bank launched 5 special emergency loans for COVID 19-affected customers

AC Team - March 26, 2020 0
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