Kerala Becomes Country’s First Fully Digital Banking State: Chief Minister Pinarayi Vijayan declared Kerala as the first state in the country to go fully digital in its banking service and said this recognition would boost the state economy. Vijayan said this achievement was possible due to social ...

Forex Reserves at $562.9 bn; Fall by $70 bn in 2022: India’s foreign exchange reserves fell by $70.1 billion in 2022, data released by the Reserve Bank of India (RBI) shows. In the week ending December 30, the foreign exchange reserves were $562.9 billion. The RBI's intervention in the currency ...

Axis Bank Partners with OPEN to Launch a Fully Digital Current Account: Axis Bank has partnered with OPEN to provide a fully native digital current account journey for its customers including SMEs (small and medium enterprises), freelancers, homepreneurs, influencers and more. The bank has never ...

Cards, Mobile, Net banking top Complaint Areas at Banking Ombudsman: RBI-- According to an RBI report, complaints about mobile/electronic banking and ATM/debit card issues were the most common ones made to the Office of Banking Ombudsman (OBO). The coverage of RBIOS was extended to include the ...

Bandhan Bank launched ‘Jahaan Bandhan, Wahaan Trust’ campaign: Bandhan Bank has launched its integrated marketing campaign featuring its brand ambassador, cricketing legend Sourav Ganguly. The ‘Jahaan Bandhan, Wahaan Trust’ campaign emphasises the ‘trust’ that the brand has been able to earn in a ...

BharatPe appoints Nalin Negi as interim CEO: The chief executive of digital payments startup BharatPe, Suhail Sameer, will transition from his current role and become a strategic advisor to the company, effective January 7. Its chief financial officer (CFO) Nalin Negi, who was brought in from SBI ...

HDFC Bank collaborates with Microsoft as part of its digital transformation : HDFC Bank, India’s largest private sector bank, is partnering with Microsoft in the next phase of its digital transformation journey and unlocking business value by transforming the application portfolio, modernizing the ...

RBI Survey for Price Movements, Inflation Assessment Launched: The Reserve Bank of India has launched the Inflation Expectations Survey of Households (IESH) which will provide useful inputs for monetary policy. The survey will be conducted in 19 cities in the January 2023 round. It aims to capture ...

Launch of Utkarsh 2.0 – Reserve Bank of India’s Medium-term Strategy Framework: The Reserve Bank of India’s Medium-term Strategy Framework for the period 2023-2025 – ‘Utkarsh 2.0’ – was launched by Shri Shaktikanta Das, Governor, RBI. In July 2019, the first strategic framework (Utkarsh 2022) ...

Ajay Kumar Srivastava appointed as new MD and CEO of Indian Overseas Bank: Ajay Kumar Srivastava has been appointed as MD and CEO of Indian Overseas Bank (IOB) with effect from January 1, 2023. He started his banking career as a probationary officer in 1991 with Allahabad Bank where he worked ...