Canara Bank was top lender to public sector cos in FY23: Finance Minister Nirmala Sitharaman informed Parliament that during the fiscal year 2022-23, Public Sector Banks (PSBs) extended loans amounting to ₹4.12 trillion to state-backed corporations and public sector undertakings. Daily Current ...

RBI caps deposit withdrawal from ailing National Co-operative Bank: The Reserve Bank of India (RBI) imposed business restrictions on  The National Co-operative Bank Ltd and capped deposit withdrawal at Rs 50,000 per account in July 2023. Daily Current Affairs Quiz: July 2023 The bank shall ...

RBI Includes ‘NongHyup Bank’ In The List Of Scheduled Banks Under Schedule II of RBI Act, 1934: In a recent notification, the Reserve Bank of India (RBI) has announced the addition of “NongHyup Bank” to the Second Schedule of the RBI Act, 1934. This momentous move is a watershed moment for ...

Logistics Data Bank Project meeting conducted: The Department for Promotion of Industry and Internal Trade (DPIIT) held a Logistics Data Bank Project meeting. Daily Current Affairs Quiz: July 2023 Agenda: To review the measures taken by Port Authorities to improve port performance ...

Australia names first woman to Lead Central Bank: Michele Bullock becomes the first woman to lead Australia's Central Bank since it was founded in 1960. Daily Current Affairs Quiz: July 2023 She will succeed Philip Lowe, who is coming to the end of a seven-year term as governor of ...

IFSC Banking Unit inaugurated by Bank of India at GIFT City.: On 12 July, the Bank of India inaugurated its IFSC Banking Unit (IBU) in the International Financial Services Centre at GIFT SEZ area in Gandhinagar. BOI has targeted to achieve $1 billion in business by March 2024 and $4 billion in ...

Australia picks first female central bank head to shepherd through reform: Australia has appointed the first female head of its central bank, passing over the current governor to elevate his deputy to the high-profile job amid a public backlash over steeply rising interest rates. Australian ...

A new campaign for banks under Agri Infra Fund launched: Manoj Ahuja (Secretary, Ministry of Agriculture) launched a month-long campaign for banks under Agri Infra Fund, starting on July 15-August 15, 2023. Daily Current Affairs Quiz: July 2023 This one month-long Campaign (from 15th July ...

RBI cancels licence of 2 cooperative banks: The Reserve Bank of India (RBI) has cancelled the licence of two cooperative banks -- Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Wai, Satara. Reason: As the lenders do not have adequate capital and earning ...

SBI appoints Abhijit Chakravorty as SBI Card’s CEO: Abhijit Chakravorty has been named MD & CEO of SBI Cards & Payment Services (SBI Card), the country's largest pure-play credit card provider. Chakravorty, who is now a Deputy Managing Director at SBI, will take over his new post on August ...