Banking & Financial Awareness GK Digest : February 2024

RBI bars Paytm Payments Bank from accepting deposits after February 29 Current Context: The Reserve Bank of India (RBI) did indeed bar Paytm Payments Bank (PPBL) from accepting deposits and credit transactions after Febr…

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Banking & Financial Awareness GK Digest : January 2024

RBI Extends Payments Infrastructure Development Fund Scheme Till 2025 Current Context: The Reserve Bank of India (RBI) has extended the Payments Infrastructure Development Fund (PIDF) scheme until December 31, 2025. About …

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Banking & Financial Awareness GK Digest : December 2023

LIC Jeevan Utsav: New Life Insurance Plan Launched with Lifetime Guaranteed Returns Current Context: The Life Insurance Corporation of India (LIC) has launched a new scheme called Jeevan Utsav. About Here are some key deta…

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Banking & Financial Awareness GK Digest : November 2023

CCI Approved Investment by IBEF-IV of MO Alternates in SK Finance Current Context: The Competition Commission of India (CCI) has approved the proposed combination relating to minority investment by India Business Excelle…

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Banking & Financial Awareness GK Digest : October 2023

IFC Received RBI’s Approval for Acquiring 9.7% stake in the Federal Bank Current Context:  IFC receiving RBI’s approval for acquiring 9.7% stake in Federal Bank The International Finance Corporation (IFC) is a member of t…

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Banking & Financial Awareness GK Digest : September 2023

PNB Launches PNB GST Sahay App Current Context: The PNB GST Sahay App is a mobile application launched by Punjab National Bank (PNB), a state-owned bank in India, to provide instant digital loans to small and medium-size…

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Banking & Financial Awareness GK Digest : August 2023

Paytm Launches 2 New Devices Current Context: Paytm, India’s leading digital payments platform, has recently launched two new devices that are designed to empower small shops and merchants who accept payments on the go. D…

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Banking & Financial Awareness GK Digest : July 2023

Paytm partnered with Shriram Finance Current Context: Paytm and Shriram Finance have announced a strategic collaboration to offer financial services to Paytm users, including loan products. Details The partnership aims to …

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Banking and Financial Awareness GK Digest: June 2023

Bajaj Allianz Life Insurance Launches India’s 1st Insurance Plan for Diabetics Current Context: Bajaj Allianz Life Insurance has launched India’s first term insurance product designed for Type 2 diabetics and pre-diabeti…

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Banking and Financial Awareness GK Digest: May 2023

NPCI International Payments partners with PPRO to expand reach of RuPay and UPI Current Context:  NPCI International Payments Limited (NIPL) and PPRO, a global digital payments infrastructure provider. Details This partners…

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Banking and Financial Awareness Digest: January 2023

IRDAI mandates KYC starting from January 1, 2023 Starting January 1, 2023, all new insurance policies—regardless of their premiums—must comply with Know Your Customer (KYC) regulations, according to the Insurance Regulat…

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Banking and Financial Awareness Digest: December 2022

SEBI Restructures Advisory Panels Current Context: The Securities and Exchange Board of India (SEBI) restructured its advisory committees regarding Foreign Portfolio Investors (FPIs) and the Social Stock Exchange. The fo…

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Banking and Financial Awareness Digest: November 2022

RBI Launches First Digital Rupee The Reserve Bank of India (RBI) launched the pilot project of the first digital rupee in India. Earlier, the Union Finance Minister, Nirmala Sitharaman , while presenting the Union Budget…

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Banking and Financial Awareness Digest: October 2022

JSW Cement Secures Loan from MUFG Bank As its first sustainability-linked loan, JSW Cement Limited raised USD 50 million (Rs. 400 crores) from MUFG Bank India Limited. The loan is the first transaction undertaken by MUF…

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Banking and Financial Awareness Digest: September 2022

India Records Double-Digit Growth In Q1 FY23 India's Gross Domestic Product (GDP) in the first quarter (April-June) of the fiscal year grew by 13.5% as per the data released by the National Statistical Office (NSO). …

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Banking and Financial Awareness Digest: August 2022

CCI cleared deal between Bandhan Fin holdings-led consortium and IDFC Competition Commission of India (CCI) approved a Rs 4,500 crore deal in which Bandhan Financial Holdings-led consortium will buy stakes in IDFC Asset …

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