Weekly Current Affair: 18 September 2017 to 24 September 2017

Published on Monday, September 25, 2017

Banking and Financial Awareness

  • All peer-to-peer lending (P2P) firms will be treated as non-banking financial companies (NBFCs) and will be regulated by the Reserve Bank of India (RBI).
  • Fino Payments Bank has launched its mobile banking app called BPay.
  • SEBI permitted Real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) to raise funds through debt securities.
  • SEBI allowed single-asset REITs similar to InvITs.
  • Vijaya Bank has bagged the first prize under the Rajbhasha Kirti Puraskar (Region C) for the year 2016-17 for active implementation of Hindi in its day-to-day activities.
  • SBI bagged first prize under Government of India Rajbhasha Kirti Awards 2016-17 for its Quarterly Hindi house magazine PRAYAS.
  • Amazon India has tied up with the Bank of Baroda to offer micro loans to its sellers.
  • Asian Development Bank (ADB) has signed a loan of up to USD 200 million with IndusInd Bank to provide finance to low-income women borrowers in rural India.

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