Weekly One Liners December: Week 1

Published on Monday, December 11, 2017

Banking and Financial Awareness

  • The six-member monetary policy committee of RBI has decided to keep the repo rate unchanged at 6% under the liquidity adjustment facility (LAF) consequently; the reverse repo rate and bank rate also remained unchanged at 5.75% and 6.25% respectively. 
  • Corporation Bank has launched its RuPay Select and RuPay Platinum credit cards. 
  • Paytm Unveils 'Paytm Ka ATM' Partner Outlet for Banking Operations also it is the only bank providing zero balance accounts and zero charges on digital transactions. 
  • Axis Securities, a subsidiary of Axis Bank, has become the first-ever broking arm of a bank to take membership of a commodity exchange by registering itself with NCDEX. 
  • India's GDP Growth to Rising to 7.5 pc in 2018: Morgan Stanley 
  • Paytm Payments Bank rolled out Paytm FASTag to enable electronic toll fee collection on highways across the country, from December 1. 
  • Paytm Acquires Stake in online Loans Firm CreditMate. 
  • Paytm Introduces BHIM UPI for Seamless Money Transfer. 

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