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Banking and Financial Awareness : August to December 2020

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Banking and Financial Awareness : August to December 2020 ExamsCart.com ​ ​ ExamsCart.com ​ ​ Banking and Financial Awareness : August to December 2020 ❏ Yes Bank aims to disburse ₹10,000 cr ❏ DBS to launch digital exchange for retail, MSME loans in Dec quarter institutional investors ❏ SBI launches RuPay JCB contactless ❏ Finance Ministry releases 6th debit card for local and international installment of Rs 6,000 crore to States market ❏ RBI to set up Automated Banknote ❏ Paytm partners with Suryoday Small Processing Centre in Jaipur Finance Bank to offer instant digital ❏ RBI slaps ₹50 lakh fine on Urban loans to MSMEs Co-operative Bank in Kerala ❏ YES Bank appoints Niranjan Banodkar ❏ Department of Posts & India Post as new CFO, Adlakha to be new HR Payments Bank unveil new digital head payment app ‘DakPay’ ❏ Punjab National Bank launches loan ❏ ICICI Direct launches zero brokerage management solution to speed up plan delivery ❏ WhatsApp Payments is live with SBI, ❏ RBI asks HDFC to stop new digital HDFC, Axis Bank business launches ❏ IndusInd Bank launches its first metal ❏ DBS Bank India gets ₹2,500 crore credit card ‘PIONEER Heritage’ capital support from parent for LVB ❏ Yes Bank partners VISA, introduces merger new line of E-series debit cards ❏ RBI hikes limit for contactless card ❏ Indian Army and Bank of Baroda enter transaction to ₹5,000 into MoU for Baroda Military Salary ❏ RBI advises banks not to make any Package dividend payouts from profits pertaining ❏ Telegram to launch 'pay-for' services in to the FY ended March 2020 2021 ❏ Google Pay, PhonePe account for 86% ❏ Axis Mutual Fund renames ‘Axis of UPI transactions by value in Oct: Multicap Fund’ to ‘Axis Flexicap Fund’ NPCI ❏ RBI cancels the Licence of the ❏ ICICI Bank launches ‘iMobile Pay’ Subhadra Local Area Bank, ❏ HDFC Bank invests in smallcase Maharashtra Technologies ❏ HDFC Bank Ranks Top among 100 ❏ Kotak Mahindra Bank introduces fitness BFSI Firms in India allowance for employees ❏ Bank of Baroda launches “digital lending ❏ RBI cancels Karad Janata Sahakari platform” to serve retail loan seekers Bank licence ❏ SEBI to set up virtual museum of ❏ RTGS money transfer service to be securities market operational 24X7 ❏ UPI to launch near-field communication ❏ Maruti Suzuki launches online car (NFC)-based payments financing platform 'Smart Finance' ❏ RBI to allow offline payments through cards on pilot basis ExamsCart.com ​ ​ ❏ RBI to set up 'Innovation Hub' to ❏ State Bank of India (SBI) has introduced promote financial inclusion, efficient doorstep ATM service for its customers banking ❏ ₹2,000 notes were not printed in 2019- ❏ RBI announces special liquidity facility 20: RBI annual report of ₹10,000 cr for Nabard, NHB ❏ RBI projects country's growth rate at (-) ❏ Banks will not open current accounts for 4.5 per cent for 2020-21 those with cash credit, overdraft ❏ DoPPW to integrate e- Pension ❏ ₹68K cr of loans released under Payment Order with Digi Locker discoms liquidity package ❏ Axis Bank has launched a new savings ❏ RBI enhances security features for account called the Axis Liberty Savings cheques above ₹50,000 Account, aimed at millennial customers ❏ RBI forms five-member expert ❏ Punjab and Sind Bank declares DHFL committee to oversee one-time debt loan account as fraud recast Headed by veteran banker KV ❏ RBI to sell gold at ₹5,117 per gram in Kamath latest issue of sovereign gold bond ❏ Kerala-based South Indian Bank has ❏ Finance Ministry asks banks to refund obtained in-principle approval from the charges collected after 1st Jan'20 on Reserve Bank of India (RBI) to set up a electronic transactions wholly owned non- financial subsidiary ❏ HSBC India introduced Omni Collect - a ❏ Razorpay launches payment gateway one-stop solution to provide multiple ‘Button’ to digitise freelancers, NGOs payment options on single platform ❏ Paytm launches first pocket Android ❏ Indian Bank announces cut of 5 basis POS device for contactless payments in points in MCLR for one-year tenure India ❏ ICICI Bank launches 'Home Utsav' ❏ Federal Bank chooses Fiserv to support ❏ Banks, post offices can now check your launch of first independent credit card ITR filing status for deducting TDS ❏ RBI to implement system-based asset ❏ RBI introduces weightage in priority classification in urban co-operative sector loans to assist neglected districts banks ❏ RBL Bank offers cardless cash ❏ RBI Board has approved the transfer of withdrawal facility through ATMs 57,128 crore rupees as surplus to the ❏ Public Sector Banks' doorstep banking central government for the accounting services launched by FM Nirmala year 2019-20 Sitharaman ❏ PNB launches "Digital Apnayen" ❏ SBI's Yono app now has 27 million campaign to encourage digital banking registered users ❏ HDFC Bank launches Shaurya KGC ❏ SBI planning to launch loan product Card for armed forces 'SAFAL' for organic cotton growers ❏ SBI waives off SMS charges for all ❏ Standard Chartered fined ₹100 crore for savings accounts violating forex norms ❏ SBI partners with AddaCorner to boost ❏ EPFO decides to pay 8.5% interest real estate deals in Bengaluru during 2019-20 ❏ IDFC Mutual Fund enables video eKYC ❏ ICICI Bank launches 'iStartup2.0' for first-time investors ExamsCart.com ​ ​ ❏ DBS Bank India unveils online loan Utilisation Survey (OBICUS) of the platform for SMEs, offers credit up to manufacturing sector ₹20 cr ❏ PM Modi release commemorative coin ❏ RBI announces straight purchase of of ₹75 denomination to mark FAO's government securities worth ₹10,000 75th anniversary crore ❏ Paytm launches same-day bank ❏ SBI, Titan launch India's first contactless settlement for businesses payment watch ❏ Axis Mutual Fund launches ‘Axis ❏ SBI Life inks pact with Yes Bank to sell Banking ETF’ insurance policies ❏ Tata Motors partners with HDFC Bank ❏ Google Pay introduces tap-to-pay option for financing of passenger vehicles for SBI Card users in India ❏ Canara HSBC OBC Life Insurance ❏ HDFC Life joins hands with Yes Bank to launches “Invest 4G” plan with multiple sell insurance policies saving options, protection cover ❏ SBI opens new office of Financial ❏ Paytm to introduce co-branded credit Inclusion and Micro Market in Delhi cards in India ❏ SBI Card joins hands with American ❏ Indian Bank launches credit scheme for Express to offer premium benefits, start-ups in pact with IITMIC services ❏ Bank of Baroda ties up with Toyota ❏ SBI and Hindustan Unilever Ltd (HUL) Kirloskar Motor partners to provide digital solutions to ❏ Mastercard Partners with Atlantis to small retailers Expand Digital First Program in India ❏ HDFC Bank partners with Apollo ❏ SBI partners with edX to offer Massive Hospitals for holistic healthcare solution Open Online Courses ❏ NABARD inks 3 MoUs with SBI to ❏ RBI imposes ₹1 cr penalty on Jio extend credit support for financing joint Payments Bank over re-appointment of liability groups and Self-Help MD & CEO Groups-support credit inflows to Farmer ❏ SBI Card and Paytm to launch Producers’ Organizations and economic contactless Paytm SBI credit card support for watershed development ❏ ICICI Bank launches ‘Mine’ for projects millennials ❏ Suryoday Small Finance Bank ❏ RBI has imposed a monetary penalty of disburses its first loan under PM SVA ₹15 lakh on two co-operative banks, Nidhi scheme including Millath Co-operative Bank, ❏ PM Modi releases Rs 100 Davangere (Karnataka) and The commemorative coin in honour of Vijaya Thiruvaikuntam Co-operative Urban Raje Scindia Bank Limited, Thoothukudi (Tamil Nadu) ❏ Magicbricks to offer home loan services, ❏ SBI integrates Yono Krishi with IFFCO ties up with SBI, HDFC and 11 other eBazar lenders ❏ Angel Broking to allow UPI AutoPay ❏ Reserve Bank of India launched the facility for mutual fund latest round of its quarterly Order ❏ Sebi introduces flexicap category in Books, Inventories and Capacity mutual funds ExamsCart.com ​ ​ ❏ NeoBenk launches Global Partners ❏ Yes Bank launches co-branded prepaid Program for innovative financial card with Neokred for cashless services payments ❏ Airtel Payments Bank offers car ❏ RBI names Jaipur based Natural insurance in association with Bharti AXA Support Consultancy Services Private GI Limited and New Delhi based Nucleus ❏ Paytm introduces Payout Links for Software Exports Limited startups as a businesses part of its regulatory sandbox programm ❏ AU Small Finance Bank starts ❏ RBI becomes first central bank in the operations in eastern India world to reach 1 mn followers on Twitter ❏ Paytm partners Uber India to offer ❏ RBI fines PNB, Sodexo, PhonePe for postpaid service to riders flouting regulatory norms ❏ India Post Payments Bank launches ❏ Paytm postpaid launches flexible EMI doorstep service to submit Digital Life options Certificate ❏ RBI rejects Muthoot Finance's proposal ❏ International Financial Services Centres to buy IDBI MF Authority, IFSCA has approved draft ❏ India Post Payments Bank launches Banking regulations for banking Pradhan Mantri Jeevan Jyoti Bima operations at IFSCs Yojana ❏ HDFC Life launches new campaign to ❏ HDFC Bank tops ₹8 trillion market cap support Covid-hit Mumbai’s first time ‘Dabbawalas’ ❏ Paytm announces 0% fee on wallet ❏ Reserve Bank places Lakshmi Vilas payments for merchants Bank Ltd under moratorium ❏ RBI announces merger of Lakshmi Vilas Bank and DBS Bank's India arm ExamsCart.com ​ ​ Join Our Social Network & Official App for Free Study Material ❖ Telegram Official Channel ❖ Telegram.me/ExamsCart ❖ Facebook Official Page ❖ FB.com/ExamsCartOfficial ❖ Twitter Official Handle ❖ Twitter.com/Exams_Cart ❖ Instagram Official Page ❖ Instagram.com/Exams_Cart ❖ YOUTUBE Official CHANNEL ❖ Free Video Classes for All Exams Click Here Subscribe Now Free Current Affairs Daily, Monthly, Yearly Pdfs, GK Tricks, General Studies Free PDFs Click Here To Download .
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