RBI has cancelled the licence of Vasantdada Nagari Sahakari Bank with immediate effect from January 11, 2021 The bank will not be allowed to conduct the business of ‘banking’, including acce... Read more
Bandhan Bank has launched ‘Bandhan Bank Shaurya Salary Account’ to provide banking, financial services to Armed Forces and Paramilitary services personnel Key features: Zero-balance salary a... Read more
State Bank of India and Indian Oil Corporation launched a co-branded contactless Rupay debit card. On spent of Rs 200 at IndianOil fuel station, every time customer will get 6 reward points... Read more
Bank of Baroda has signed an MoU with the SIDBI to enable MSMEs to apply online for one-time restructuring (OTR). The bank’s MSME customers can now access the web-based portal, ‘Asset Restru... Read more
IDFC Mutual Funds has launched pan-India investor 360-degree awareness campaign titled #PaisonKoRokoMat. This new campaign urges savers to become investors and explore the smart and modern m... Read more
Punjab National Bank has tied-up with IIT Kanpur and Foundation for Innovation & Research in Science & Technology (FIRST) to set up ‘Fintech Innovation Centre (FIC)’ at the institute... Read more
RBI has introduced Legal Entity Identifier (LEI) system for all payment transactions of value ₹50 crore and above using Centralized Payment Systems operated by RBI like Real Time Gross Settl... Read more
New Development Bank (NDB) has signed $646 million loan agreements with Govt of India for two road projects in Andhra Pradesh. First project: The first project is the Andhra Pradesh Roads an... Read more
Shivalik Mercantile Co-operative Bank (SMCB) has become first urban co-operative bank (UCB) in India to receive license from RBI to operate as a Small Finance Bank (SFB). SMC bank received c... Read more
Govt of India, Govt of West Bengal and World Bank has signed $105 million West Bengal Inland Water Transport, Logistics and Spatial Development project to improve inland water transport infr... Read more
PayU ties up with Google Pay to Introduce tokenized payments
4th Tranche of Rs.20 Lakh crore Economic package has been announced by Finance Ministry
Justice P Lakshmana Reddy appointed as first Lokayukta of AP
Bureau of Indian Standards inks an MoU with IIT, Delhi
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