India & World Bank signs loan agreement for construction of Green National Highway Corridors Project in 4 States: The Government of India and the World Bank have signed an agreement for the Green National Highway Corridors Project, with the World Bank providing $500 million in loan assistance ...

Suryoday Small Finance Bank launches special women’s savings account: Suryoday Small Finance Bank on Monday launched a new savings account for women. Suryoday's Blossom Women’s Savings Account is built on a strong proposition of giving women a complete, simplified, and rewarding banking ...

Silicon Valley Bank Collapse: The Biggest Bank Failure Since 2008-- Startup-focused lender Silicon Valley Bank Financial Group became the largest bank to fail since the 2008 financial crisis, in a sudden collapse that roiled global markets, left billions of dollars belonging to companies and ...

US shuts down Silicon Valley banks in biggest collapse since 2008 : California-based Silicon Valley Bank (SVB), the 16th largest bank in the United States, was closed on 9 March by the California Department of Financial Protection and Innovation.An overview of the newsIt is the biggest banking ...

RBI imposes restrictions on Musiri Urban Co-operative Bank : RBI has imposed a Rs 5,000 cap on withdrawals by individual customers from Tamil Nadu-based Musiri Urban Co-operative Bank. March 2023 Current Affairs QuizReason: It is a part of several restrictions imposed on the lender due to ...

Karnataka Bank appoints Abhishek Sankar Bagchi as new CFO : Karnataka Bank appointed Abhishek Sankar Bagchi as the bank's Chief Financial Officer (CFO ) with effect from 2 March 2023. February 2023 Current Affairs Quiz The appointment comes after Muralidhar Krishna Rao, the bank’s CFO, ...

IRCTC, HDFC Bank launch co-branded travel credit card: Indian Railway-backed catering services provider, IRCTC tied up with the largest private sector lender HDFC Bank on Wednesday to launch one of India’s most rewarding co-branded travel credit cards. The co-branded card will be called "IRCTC ...

RBI’s new pilot project on coin vending machines: During the most recent Monetary Policy Committee (MPC) address, RBI Governor Shaktikanta Das stated that the apex banking regulator, in collaboration with banks, would launch a pilot project to evaluate the operation of a QR-code based coin vending ...

Bank credit growth slowed to 16.8% in third quarter: RBI- Bank credit growth slowed down to 16.8% in the October-December 2022 period from a year earlier, RBI data showed. According to the Reserve Bank of India's quarterly statistics on bank deposits and credit, this compares to 17.2% in the ...

Kotak Mahindra Bank launches corporate customer platform fyn: Private lender Kotak Mahindra Bank on Tuesday launched Kotak fyn, a unified portal for corporate customers to track their payments, collections, trade and other services related to their bank accounts. The bank is also planning to ...