Russia Launches Islamic Banking Pilot Program: Exploring Shariah-based Finance-- Russia is set to embark on a historic journey by launching its first Islamic banking pilot program on September 1. With a Muslim population of around 25 million people, the move hopes to capitalise on the potential of ...

Bandhan Bank Authorized by RBI for Civil Pension Disbursement: Bandhan Bank has been authorised by the Reserve Bank of India (RBI) to function as an authorised pension disbursement bank, which is a significant development. This authorisation is in collaboration with the Central Pension Accounting ...

Yes bank teams up with fintech Zaggle for next-gen corporate credit card: Yes Bank launched a co-branded Corporate Credit Card in collaboration with the spend management platform Zaggle to provide businesses with direct control over company expenditures. This includes the ability to set individual ...

LIC Partners with Saraswat Cooperative Bank to Increase the life Insurance: Life Insurance Corporation of India in its effort to increase the penetration of life insurance through Bancassurance channel has recently tied-up with Saraswat Cooperative Bank Ltd., a scheduled bank headquartered at ...

RBI enhances transactions limits for small value digital payments to ₹500.: RBI has announced to enhance transaction limits for small value digital payments in offline mode to ₹500 from the earlier cap of ₹200. Daily Current Affairs Quiz: August 2023 Aim: To enable faster, more reliable, and ...

RBI approves merger of Akola Merchant Co-operative Bank: The Reserve Bank of India (RBI)  approved the merger of The Jalgaon Peoples Co-operative Bank and Akola Merchant Co-operative Bank.   Aim: To streamline operations and services for customers under a unified entity. Daily Current ...

SBI launches Aadhaar-based enrolment for social security schemes: The country's largest lender State Bank of India introduced a facility to allow customers to enrol in social security schemes by just furnishing an Aadhaar card. Chairman Dinesh Khara, unveiled an innovative Customer Service Points ...

Microfinance Landscape Shift: Standalone MFIs Take Lead with 40% Microlending Share: After a four-year hiatus, freestanding Microfinance Institutions (MFIs) have regained their dominance in microlending, surpassing banks. This resurgence is attributed to their recovery from pandemic-induced ...

HDFC Bank Launches India’s First Co-Branded Hotel Credit Card With Marriott: In a groundbreaking collaboration, HDFC Bank, India’s leading private sector bank, has partnered with Marriott Bonvoy, the acclaimed travel program by Marriott International, to unveil the ‘Marriott Bonvoy HDFC Bank ...

Canara Bank launches UPI Interoperable Digital Rupee mobile application: Canara Bank launched the UPI Interoperable Digital Rupee mobile application and become the first bank in both the public and commercial sectors to offer this feature via its CBDC mobile app called the Canara Digital Rupee.  ...