Airtel Payments Bank Launched India’s 1st Eco-Friendly Debit Card: India’s first payment bank, Airtel Payment Bank also became the first Indian Bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account. In contrast to standard PVC cards, the debit ...

Public sector banks and major private banks collected over ₹35,000 cr in charges: According to a Finance Ministry study, both state-owned banks and major commercial banks have collected more than 21,000 crore in fees, largely from account holders who fail to maintain the minimum balance. Daily ...

HDFC Bank’s Jagdishan Highest Paid Bank CEO in FY23 with Rs 10.55cr Pay: Sashidhar Jagdidhan, the CEO of HDFC Bank, would be the highest paid bank CEO in fiscal year 2023. With an overall package of Rs.10.55 crore, Jagdishan’s compensation stands out among his peers in the banking sector. ...

Axis Bank Partners with Kiwi to Bolster ‘Credit on UPI’ on RuPay Credit Cards: Kiwi, a fintech business that specialises in allowing credit via UPI, has teamed with Axis Bank to offer free Axis Bank KWIK credit cards for life via its app. Daily Current Affairs Quiz: August 2023 Objective ...

NS Vishwanathan appointed as non-executive chairman of Axis Bank: Reserve Bank of India has granted approval for the appointment of NS Vishwanathan as the non-executive chairman of Axis Bank for a three-year term.  Daily Current Affairs Quiz: July 2023 As per the bank's official statement, ...

RBI: Digital payments rise 13% YoY at March-end 2023: According to the RBI's index measuring the adoption of online transactions, digital payments in the country witnessed a year-on-year growth of 13.24% until March 2023.  Daily Current Affairs Quiz: July 2023 The RBI's Digital Payments ...

Union Bank of India joins forces with IBM for digital transformation: Union Bank of India has joined forces with IBM India Pvt Ltd to embark on a comprehensive digital transformation and to revolutionize the way customers interact with their financial services. This groundbreaking collaboration ...

Canara Bank Tops Public Sector Banks in Lending to State PSUs and Corporations for Fifth Consecutive Year: In a remarkable achievement, Canara Bank has once again emerged as the leading public sector bank in lending to state-owned corporations and Public Sector Undertakings (PSUs) for the fifth ...

The Bank of Israel joins the International Committee on Credit Reporting (ICCR): On July 13th, the World Bank granted the Bank of Israel official approval to join the International Committee on Credit Reporting (ICCR), which consists of worldwide credit reporting bodies. Daily Current Affairs ...

Banks write off bad loans worth Rs 2.09 lakh crore in 2022-23: According to the RBI’s data during the financial year 2022-23, banks wrote off bad loans amounting to over Rs 2.09 lakh crore, contributing to a total loan write-off of Rs 10.57 lakh crore by the banking sector over the past five ...